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World Economy International Organizations

  • Oil rose to the highest level in more than three weeks after top exporters Saudi Arabia and Russia said supply cuts needed to last into 2018, a step toward extending an OPEC- led deal to support prices for longer than originally agreed. "The oil markets are acting well and that's helping," said R.J. Grant, head of trading at Keefe, Bruyette& Woods in New York, who also...

  • NEW YORK, May 15- Commodity-linked stocks and currencies got a lift on Monday from rising crude oil prices after major producers Saudi Arabia and Russia said they would extend oil supply cuts into 2018.. "It's more jawboning from OPEC, and I think in the end it's going to prove to be noise... so the rally is probably a little much," said Michael ORourke, chief market...

  • May 15- Wall Street indexes were trading higher on Monday and the S&P 500 and Nasdaq hit records as a global cyber attack boosted technology stocks and a rise in oil prices lifted energy stocks. Oil hit its highest in more than three weeks after top exporters Saudi Arabia and Russia said supply cuts needed to last into 2018, a step towards extending an OPEC- led deal...

  • *Patheon soars after Thermo Fisher's $5.2 bln deal. Oil hit its highest in more than three weeks after top exporters Saudi Arabia and Russia said supply cuts needed to last into 2018, a step towards extending an OPEC- led deal to support prices for longer than originally agreed. "The rebound in oil prices and lack of bad news on the geopolitical front have led to a bit...

  • NEW YORK, May 15- Commodity-linked stocks and world currencies got a lift on Monday from a surge in crude oil prices after major producers Saudi Arabia and Russia said they would extend oil supply cuts into 2018.. The Organization of the Petroleum Exporting Countries meets in Vienna on May 25 to consider the extension. U.S. crude rose 2.72 percent to $49.14 per...

  • *Patheon soars after Thermo Fisher's $5.2 bln deal. Oil hit its highest in more than three weeks after top exporters Saudi Arabia and Russia said supply cuts needed to last into 2018, a step towards extending an OPEC- led deal to support prices for longer than originally agreed. "The rebound in oil prices and lack of bad news on the geopolitical front has led to a bit...

  • The Organization of the Petroleum Exporting Countries meets in Vienna on May 25 to consider whether to extend output cuts agreed in December last year between OPEC and 11 non-member countries, including Russia. With a nine-month extension now the minimum expectation for the OPEC meeting, the group has a lot of work to do to persuade its members and some non- OPEC...

  • *Patheon soars after Thermo Fisher's $5.2 bln deal. Oil hit a three-week high after top exporters Saudi Arabia and Russia said supply cuts needed to last into 2018, a step towards extending an OPEC- led deal to support prices for longer than originally agreed. "On the one hand, this is good news because we are looking at a situation where we would not have to worry oil...

  • The Organization of the Petroleum Exporting Countries meets in Vienna on May 25 to consider whether to extend output cuts agreed in December last year between OPEC and 11 non-member countries, including Russia. With a nine-month extension now the minimum expectation for the OPEC meeting, the group has a lot of work to do to persuade its members and some non- OPEC...

  • LONDON, May 15- Hedge funds had become increasingly bearish towards crude oil by the middle of last week, leaving them vulnerable to a short squeeze with OPEC's next meeting coming up on May 25. In fact, hedge fund positioning in crude is nearly identical to before the last OPEC meeting held on Nov. 29, which was followed by a fierce short-covering rally.

  • *Patheon soars after Thermo Fisher's $5.2 bln deal. Oil hit a three-week high after top exporter Saudi Arabia and Russia said supply cuts needed to last into 2018, a step towards extending an OPEC- led deal to support prices for longer than originally agreed. "On one hand, this is good news because we are looking at a situation where we would not have to worry oil...

  • May 5- Global banks have warned they could move thousands of jobs out of Britain to prepare for the expected disruption caused by the country's exit from the European Union, endangering London's status as a major financial center. Financial services firms need a regulated subsidiary in an EU country to offer their products across the bloc, and this could lead...

  • BRUSSELS/ PARIS, May 15- European Union and U.S. officials will meet on Wednesday to discuss airline security, including a possible extension of a ban on passengers carrying laptops in aircraft cabins, a European Commission spokesman said. "The Commission will host high-level talks at a political and technical level with the U.S. authorities this Wednesday...

  • *IMF report urges Germany to tackle economic imbalances. *FinMin Schaeuble says Germany already investing enough. BERLIN, May 15- Germany should use its rising tax revenues to invest in infrastructure projects that will enhance its growth potential, and encourage employers to raise wages to help lift euro zone inflation, the International Monetary Fund said...

  • *Oil hit a three-week high after top exporter Saudi Arabia and Russia said supply cuts needed to last into 2018, a step towards extending an OPEC- led deal to support prices for longer than originally agreed. *Wall Street slipped on Friday, ending the week lower as tepid economic data weighed on banks and worries deepened over department stores.

  • BRUSSELS— European Union and U.S. transport and security officials will meet in Brussels on Wednesday to discuss U.S. plans to broaden an in-flight ban on laptops and tablets to include planes from Europe. European Commission spokesman Margaritis Schinas said Monday that the high-level talks are "to jointly assess any new threats and work toward a common...

  • BERLIN, May 15- Germany should use its rising tax revenues to invest in infrastructure projects that will enhance its growth potential, and encourage employers to raise wages to help lift euro zone inflation, the International Monetary Fund said on Monday. The IMF recommendations run counter to the thinking of Finance Minister Wolfgang Schaeuble, who last...

  • BEIJING, May 15- Leaders at China's Belt and Road summit on Monday agreed to promote a rules-based, open and multilateral trading system with the World Trade Organisation at its core, according to the summit communique. The 30 heads of states who signed the document, including China, said that they recognized the challenges the world economy faced and welcomed...

  • BEIJING, May 15- Leaders at China's Belt and Road summit on Monday agreed to promote a rules-based, open and multilateral trading system with the World Trade Organisation at its core, according to the summit communique. The 30 heads of states who signed the document, including China, said that they recognized the challenges the world economy faced and welcomed...

  • MOSCOW— Russia and Saudi Arabia said Monday they want to extend oil production cuts through the first quarter of 2018, in a move the two major producers say would support the market price. Oil prices rose on the announcement that the countries want to extend the deal, which encompasses both nations in the Organization of the Petroleum Exporting Countries and...