World Economy International Organizations

  • LONDON, Nov 28- The dollar steadied after its biggest fall in almost a month on Monday, as doubts about a long-mooted OPEC output cut unsettled oil markets and "Trumpflation" trades that have gripped investors since the U.S. election. Crude prices stumbled into the red as Wall Street prepared for a lower opening after the post- Thanksgiving weekend and both...

  • *Mood subdued as OPEC experts gather in Vienna. VIENNA, Nov 28- OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non- OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement. OPEC experts started a meeting in Vienna at 0900 GMT and were due to make...

  • *But rising U.S. output could undermine OPEC cut. LONDON, Nov 28- Oil prices gained more than one percent on Monday in volatile trading after falling as much as 2 percent, recouping the losses as the market reacted to the shaky prospect of major producers being able to agree output cuts at a meeting on Wednesday. "There's going to be speculation until the meeting that...

  • *Oil prices were lower in choppy trading as the market grappled over the shaky prospect of OPEC producers being able to agree output cuts at a meeting on Wednesday aimed at reining in global oversupply. Investors also awaited a referendum on constitutional reform in Italy on Sunday. *The dollar had been on a tear on expectations that President-elect Donald...

  • PARIS— An international economic agency said Monday that the kind of infrastructure spending promised by U.S. The Organization for Economic Cooperation and Development overall hit an upbeat note in its latest world economic outlook Monday, thanks in part to stimulus efforts planned in the U.S. and China. The Paris- based intergovernmental agency encouraged...

  • ATHENS, Greece— A top European finance official on Monday urged Greece's bailout lenders to grant the country relief on its massive debts if Athens agrees to impose tougher budget austerity measures. Most of Greece's debt is now made up of bailout loans from other eurozone states and the International Monetary Fund. "All stake holders in the Greek adjustment...

  • LONDON— A pro- Europe think tank says it is willing to take the British government to court to try and keep the U.K. in the European Union single market once it leaves the bloc. In return, EEA members, including Norway and Iceland, pay into EU coffers and accept free movement from member states. The British government says the U.K. will leave the EEA once it quits the EU.

  • LONDON, Nov 28- The European Union has proposed rules for dealing with failing clearing houses to try to stop the rapidly growing sector from becoming "too big to fail" and holding taxpayers to ransom in a crisis. "This proposal will strengthen Europe's financial system further and aims at protecting taxpayers by ensuring we can deal with a central counterparty...

  • LONDON, Nov 28- Saudi Arabia is trying to re-establish some negotiating leverage within OPEC by threatening to block an output cutting deal unless other members share more of the burden. For two years between mid-2014 and mid-2016, Saudi Arabia took the hardest line within OPEC, insisting it would only cut output if joined by all other OPEC and major non- OPEC...

  • *But rising U.S. output could undermine OPEC cut. Brent crude futures fell as far as 2 percent before clawing back to trade up 29 cents at $47.44 per barrel at 1008 GMT. The statement added to simmering disagreement between OPEC and non- OPEC crude exporters such as Russia over who should cut production by how much.

  • *But rising U.S. output could undermine OPEC- cut. Brent crude futures fell as far as 2 percent before clawing back to trade 29 cents at $47.44 per barrel at 1008 GMT. The statement added to simmering disagreement between OPEC and non- OPEC crude exporters such as Russia over who should cut production by how much.

  • *Mood subdued as OPEC experts gather in Vienna. VIENNA, Nov 28- OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non- OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement. OPEC experts started a meeting in Vienna at 0900 GMT and were due to make...

  • LONDON, Nov 28- The dollar saw its biggest drop in almost a month on Monday as a bashing for oil prices on doubts about an OPEC output cut this week left investors reversing "Trumpflation" trades that have gripped markets since the U.S. election. Crude prices and Europe's main stock markets were down over 1 percent in early European trading as Italian shares also...

  • *FTSE 100 down in morning session. LONDON, Nov 28- Britain's top share index retreated on Monday pulled lower by energy shares hit by a decline in oil prices and financial shares concerned over Italian banks. "Energy stocks drag the FTSE down at the start of the week as uncertainty over an OPEC agreement looms," Jawaid Afsar, senior trader at Securequity, said.

  • PARIS, Nov 28- Global growth will pick up faster than previously expected in the coming months as the Trump administration's planned tax cuts and public spending fire up the U.S. economy, the OECD said on Monday, revising up its forecasts. The OECD was slightly less pessimistic about Britain's outlook than it was in September, as the central bank has helped ease the...

  • PARIS, Nov 28- The following are the latest growth forecasts for major economies released by the Organisation for Economic Cooperation and Development on Monday. Forecasts are for annual percentage changes in real gross domestic product; figures in brackets represent the difference from the OECD's last projections in September. 2016 2017 2018 World 2.9 3.3...

  • VIENNA, Nov 28- OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non- OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement. OPEC experts started a meeting in Vienna at 0900 GMT and were due to make recommendations to their ministers on how exactly the...

  • *But rising U.S. output could undermine OPEC- cut. Brent crude futures fell 2 percent at one point, but regained ground to trade down 35 cents, or 0.74 percent, at $46.89 per barrel at 0749 GMT. Monday's fall came amid choppy trading and after prices tumbled more than 3 percent on Friday on disagreement between OPEC and non- OPEC crude exporters like Russia over who...

  • BEIJING— Asian stock markets were mixed Monday after oil prices slid on unease about this week's meeting of OPEC member to discuss possible output cuts. KEEPING SCORE: Hong Kong's Hang Seng index advanced 0.9 percent to 22,926.19 and the Shanghai Composite Index gained 0.5 percent to 3,280.77. Seoul's Kospi added 0.4 percent to 1,982.73 and benchmarks in New...

  • *But rising U.S. output could undermine OPEC- cut. Monday's falls came after prices tumbled more than 3 percent on Friday on disagreement between OPEC and non- OPEC crude exporters like Russia over who should cut production by how much in order to curb a global supply overhang that has more than halved prices since 2014.. "I hold a very strong view, that the fiscal...