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World Economy International Organizations

  • *OPEC- led production cuts support oil prices. SINGAPORE, Feb 10- Oil prices were stable on Friday, supported by strong Chinese crude imports and OPEC- led production cuts, although ample U.S. fuel inventories weighed on the market. Brent crude futures, the international benchmark for oil prices, were trading at $55.68 per barrel at 0427 GMT, up 5 cents from their...

  • SINGAPORE, Feb 10- Oil prices were stable early on Friday, with OPEC- led production cuts supporting the market while soaring U.S. fuel inventories were weighing on crude. Despite the stronger U.S.-dollar and lingering concerns about U.S. inventories, traders returned their focus to the OPEC production cuts being implemented at the moment, "it added.

  • "I think the market is frozen," said Dominick Chirichella, senior partner at the Energy Management Institute. He said that while the U.S. gasoline stock draw was interesting, it was insufficient to knock the market out of its range-bound trade, limited between production cuts from OPEC and brimming U.S. crude stockpiles. "If we continue to see a decent compliance...

  • He said that while the U.S. gasoline stock draw was interesting, it was insufficient to knock the market out of its range-bound trade, limited between production cuts from OPEC and brimming U.S. crude stockpiles. "If we continue to see a decent compliance level in the 85 to 95 percent range from OPEC and we do see inventories cleaning up in the U.S. we may get another...

  • WASHINGTON, Feb 9- The International Monetary Fund does not see firm evidence that currency wars are nearing but would like to see Group of 20 major economies reaffirm their commitment to free and fair trade this year, IMF spokesman Gerry Rice said on Thursday. "I don't see evidence of firm policy decisions made that would lead us to suggest that we're heading for...

  • LONDON, Feb 9- OPEC members have reportedly achieved a high level of compliance with the production cuts announced in November but their efforts to ramp up output ahead of the accord have left the market with a nasty hangover from 2016.. OPEC delivered 82 percent of its promised cut of 1.17 million barrels per day in January according to Reuters, but as much as 98...

  • WASHINGTON, Feb 9- The International Monetary Fund said on Thursday that it expects its board to consider the next loan disbursement to Ukraine in the coming weeks, once some remaining issues are resolved. IMF spokesman Gerry Rice told a news briefing that he expects the third review of Ukraine's $17.5 billion loan program to be presented to the IMF executive...

  • WASHINGTON, Feb 9- The International Monetary Fund does not see firm evidence that currency wars are nearing but would like to see Group of 20 major economies reaffirm their commitment to free and fair trade this year, IMF spokesman Gerry Rice said on Thursday. "I don't see evidence of firm policy decisions made that would lead us to suggest that we're heading for...

  • IMF SPOKESMAN SAYS DECISION ON NEXT DISBURSEMENT TO UKRAINE TO BE MADE IN COMING WEEKS; SAYS SOME ISSUES STILL NEED TO BE FINALIZED.

  • ASKED ABOUT G20 LANGUAGE, IMF SPOKESMAN SAYS FUND WOULD LIKE TO SEE IT REFLECT PURSUIT OF FREE AND FAIR TRADE POLICIES.

  • IMF SPOKESMAN SAYS DOES NOT SEE EVIDENCE TO SUGGEST THAT WORLD ECONOMIES ARE HEADED FOR CURRENCY WARS.

  • BRUSSELS, Feb 9- The European Union plans more legal action soon against governments that have failed to police emissions test cheating by carmakers in the wake of the Volkswagen diesel scandal, a top official said on Thursday. In a bid to prevent a rerun of the VW scandal, the European Commission has proposed an overhaul of rules on how vehicles are licensed and...

  • WASHINGTON, Feb 8- The International Monetary Fund tried to be "ruthless truth tellers" in its assessment that Greece needs to pursue further reforms to its pension and tax systems, IMF Managing Director Christine Lagarde said on Wednesday. Speaking at an Atlantic Council event in Washington on transparency, Lagarde said that the fund would not back down from...

  • SAO PAULO/ BRASILIA, Feb 8- Brazil opened a formal complaint against Canada at the World Trade Organization on Wednesday, accusing the country of distorting the global aerospace industry with subsidies for planemaker Bombardier Inc. Brazil has threatened for months to open the WTO dispute, arguing that support for Bombardier's new CSeries was undercutting...

  • BRASILIA, Feb 8- Brazil's argument in a trade dispute with Canada will be helped by a World Trade Organization ruling that European nations had provided unfair subsidies to Airbus Group SE, a senior official at Brazil's Foreign Ministry said on Wednesday.

  • WASHINGTON, Feb 8- Greece still needs to improve its reporting of economic data but transparency issues are likely not the cause of differing views over Greece's debt sustainability, International Monetary Fund Managing Director Christine Lagarde said on Wednesday. Lagarde, speaking at an event at the Atlantic Council in Washington, said such differences...

  • BERLIN, Feb 8- Germany's Finance Ministry denied a Bloomberg report on Wednesday that Germany had tried to push for a joint statement of the Group of 20 leading economies in which the G20 would have called for monetary stimulus to be reined in. "The report is not correct," a ministry spokeswoman said, adding that such a demand for central banks was never on the G20...

  • WASHINGTON, Feb 8- New International Monetary Fund data shows that countries that improve the transparency of their economic and fiscal data are rewarded with significantly lower borrowing costs, IMF Managing Director Christine Lagarde said on Wednesday. Lagarde, in prepared remarks to the Atlantic Council, said that a yet-to-be published IMF staff...

  • BRASILIA/ SAO PAULO, Feb 8- Brazil opened a formal complaint against Canada at the World Trade Organization on Wednesday, accusing the country of distorting the global aerospace industry with subsidies for planemaker Bombardier Inc. Brazil has threatened for months to open the WTO process, arguing that support for Bombardier's new CSeries was undercutting...

  • *Walt Disney rises after CEO says open to extending term. Feb 8- U.S. stocks were slightly lower on Wednesday, weighed down by losses in bank and healthcare stocks. Oil prices fell 0.5 percent as an increase in U.S. crude inventories and a slump in Chinese demand implied that global oil markets remain oversupplied despite OPEC- led efforts to cut output.