World Economy International Organizations

More

  • BRUSSELS, July 4- The European Union says it will not be "paralysed" after Britons voted to leave, but Brussels policymakers say uncertainty over Britain's future is already complicating the lawmaking process for the rest of the EU. As London waits, possibly for months, for a successor to Prime Minister David Cameron to start negotiating an exit that will retain...

  • BRUSSELS, July 4- The European Union says it will not be "paralyzed" after Britons voted to leave, but Brussels policymakers say uncertainty over Britain's future is already complicating the lawmaking process for the rest of the EU. As London waits, possibly for months, for a successor to Prime Minister David Cameron to start negotiating an exit that will retain...

  • BRUSSELS, July 4- The European Union says it will not be "paralyzed" after Britons voted to leave, but Brussels policymakers say uncertainty over Britain's future is already complicating the lawmaking process for the rest of the EU. As London waits, possibly for months, for a successor to Prime Minister David Cameron to start negotiating an exit that will retain...

  • LONDON/ DUBLIN, July 4- Britain has announced plans to cut corporation tax to less than 15 percent in an attempt to cushion the shock of the country's decision to leave the European Union, raising the prospect of competitive tax cuts across the bloc. Confidence in Britain's economy has been hit by the vote to leave the EU and a lower tax rate could help prevent an...

  • *Saudis, OPEC say oil market heading into balance. LONDON, July 4- Oil prices eased on Monday after comments by Saudi Energy Minister Khaled Al-Faleh that the market was heading towards balance were tempered by signs of slowing demand in Asia. The energy minister of Saudi Arabia, the world's top crude exporter, and the secretary general of producer club OPEC agreed...

  • MOSCOW, July 4- Russia's central bank started buying Chinese yuan-denominated assets in the fourth quarter of last year as part of its drive to diversify its foreign-currency reserves. A central bank spokeswoman said yuan assets did not yet count as part of Russia's official gold and forex reserves, since the International Monetary Fund has not yet given the...

  • *Saudis, OPEC say oil market heading into balance. LONDON, July 4- Oil prices rose on Monday after Saudi Energy Minister Khaled Al-Faleh said that the market was heading towards balance, although signs of slowing demand in Asia weighed. The energy minister of Saudi Arabia, the world's top crude exporter, and the secretary general of producer club OPEC agreed that...

  • LONDON, July 4- Europe will choose to give Britain tariff-free trade during negotiations to leave the EU, British prime ministerial candidate Andrea Leadsom said on Monday, though she added that freedom of movement with the bloc will end. Leadsom backed the campaign to leave the European Union and said that now Brexit had been voted for, European leaders would be...

  • *Saudis, OPEC say oil market heading into balance. LONDON, July 4- Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed. The energy minister of Saudi Arabia, the world's top crude exporter, and the secretary general of producer club OPEC agreed that...

  • LONDON, July 4- The leader of Britain's anti- European Union UK Independence Party Nigel Farage said on Monday he would stand down after having realised his ambition of winning last month's referendum in favour of Brexit. He said he would continue to support the party, and continue to watch Brussels "like a hawk" during the negotiations around Britain's exit from...

  • LONDON, July 4- Britain will look to hire foreign trade negotiators to help it meet the challenge of striking new trade deals with countries in Europe and beyond after last month's shock decision to leave the European Union, foreign minister Philip Hammond said. Britain faces the task of renegotiating its relationship with the EU after voters decided on June 23...

  • *Saudis, OPEC say oil market heading into balance. TOKYO/ SINGAPORE, July 4- Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed. "The bulls are seemingly once again on their relentless march to keep this market above $50," said Matt Stanley of oil...

  • MILAN, July 4- The European Central Bank has written to Italy's Banca Monte dei Paschi di Siena asking for a new three-year business plan that would require it to reduce non-performing loans to an adequate level, daily La Repubblica said on Monday. The bank received the ECB's letter the day before Britain voted to leave the European Union, La Repubblica said.

  • *Saudis, OPEC say oil market heading into balance. TOKYO/ SINGAPORE, July 4- Oil futures were steady on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed. The energy minister of Saudi Arabia, the world's top crude exporter, and the secretary general of producer club...

  • DOHA, July 4- The energy minister of Saudi Arabia, the world's largest oil exporter, and the secretary general of OPEC agree that the global oil market is heading toward a balance and that prices are starting to settle, according to comments carried by Saudi state news agency SPA. The statement said Khalid al-Falih and the Organization of the Petroleum Exporting...

  • *Militants seek greater share of Nigeria's oil wealth. The group had previously not laid claim to any attacks in the Niger Delta- the source of most of the OPEC member's oil- since June 16. Attacks in the Niger Delta have pushed Nigerian crude production to 30- year lows, although the Nigerian National Petroleum Corporation said last week that output was rising...

  • The head of tax at the Organization for Economic Co-operation and Development, which advises developed nations on policy, said the UK could use its freedom from EU rules to slash corporate tax but the political price would be high. "The negative impact of the Brexit on UK competitiveness may push the UK to be even more aggressive in its tax offer," the OECD's head of...

  • *Militants seek greater share of Nigeria's oil wealth. Until today, the group had not laid claim to any attacks in the Niger Delta-- the source of most of the OPEC member's oil-- since June 16. Attacks in the Niger Delta have pushed Nigerian crude production to 30- year lows, although the Nigerian National Petroleum Corporation said last week that output was rising due...

  • *NATO bombing of 1999 still remembered in Serbia. BELGRADE, July 3- Serbia is performing a delicate balancing act between its European aspirations, partnership with NATO and its centuries-old religious, ethnic and political alliance with Russia. Belgrade is also quietly moving towards NATO despite the reservations of most Serbians but it is wary of damaging...

  • *NATO bombing of 1999 still remembered in Serbia. BELGRADE, July 3- Serbia is performing a delicate balancing act between its European aspirations, partnership with NATO and its centuries-old religious, ethnic and political alliance with Russia. Belgrade is also quietly moving towards NATO despite the reservations of most Serbians but it is wary of damaging...