GO
Loading...

Enter multiple symbols separated by commas

World Economy International Organizations

More

  • Not the big beasts in the core, but the once-struggling peripheral economies of Spain and Ireland. Spain and Ireland have suffered badly over the past few years as their banks have creaked under the weight of lending into now-burst housing bubbles. Ireland was bailed out by the European Union and International Monetary Fund.

  • *Russia, OPEC did not discuss coordination. *OPEC received no request for extraordinary meeting. Oil has dropped about 15 percent this month and halved in value in the past year but neither OPEC nor Russia, the world's top producer, have cut output to support prices, hoping cheaper oil will hit U.S. shale and other rival sources.

  • WASHINGTON, July 30- The International Monetary Fund can participate in discussions over the latest financial rescue for Greece but cannot officially join the talks until after the fiscally beleaguered nation has agreed to comprehensive reforms, the Financial Times reported on Thursday. The FT report, citing a confidential summary it obtained of the IMF...

  • OPEC chief expects oil prices to stabilize Thursday, 30 Jul 2015 | 11:05 AM ET

    MOSCOW— OPEC and Russia say they expect the global oil market to become more balanced and stable next year after the recent sharp drops. OPEC decided in June not to cut production, in a bid to retain its share of the global market in the face of a boom in shale oil production in the U.S. Russia, which is not part of OPEC but is the world's top crude producer and depends...

  • LONDON, July 30- Hedge funds from Guernsey, Jersey and Switzerland should be allowed to serve investors across the 28 country European Union, the bloc's securities watchdog said on Thursday. The European Securities and Markets Authority also said it has not yet reached a view on whether hedge funds and other alternative investment funds from the United States...

  • SHANGHAI, July 30- China's yuan slipped on Thursday as corporates bought dollars after the central bank set the daily guidance rate weaker, traders said. Beijing appears to want a stable currency so that the market has more confidence in it, increasing the chances of the International Monetary Fund including it in its Special Drawing Right basket and...

  • Greek debt restructuring is inevitable, says IMF chief Wednesday, 29 Jul 2015 | 11:08 AM ET

    WASHINGTON, July 29- Greece's international creditors will have no choice but to accept an easing of the terms of Athens' debts, the head of the International Monetary Fund said on Wednesday. The IMF has teamed up with the European Union and the European Central Bank in recent years to lend Greece money repeatedly to save it from a debt crisis.

  • IMF's Lagarde: World economy fragile, faces downside risks Wednesday, 29 Jul 2015 | 10:01 AM ET

    WASHINGTON— International Monetary Fund chief Christine Lagarde says the world economy is recovering but fragile and "faces some downside risks." In an online press conference Wednesday, Lagarde described the United States "a strong performer" and China "resilient" despite a recent drop in Chinese stock prices. She said Greece needs to enact reforms that will...

  • BRUSSELS, July 29- European Union regulators are investigating prices charged by Disneyland Paris after complaints from foreign consumers who said they were charged far more than their French counterparts. The move by the European Commission is part of a broader crackdown on "geoblocking", the practice of companies limiting or restricting consumers' access...

  • EU checking if Disneyland Paris charges unfair prices Wednesday, 29 Jul 2015 | 8:05 AM ET

    BRUSSELS— The European Union is looking into complaints that Disneyland Paris is unfairly charging different prices for consumers depending on what nation the request comes from. She said the EU Commission has "received complaints about Disneyland Paris that we are now checking." Complaints addressed to the EU have come from consumers from Britain, Germany...

  • Greece's Tsipras: party rebels could force early election Wednesday, 29 Jul 2015 | 7:16 AM ET

    ATHENS, Greece— Greece's prime minister sought to contain a deepening rift in his radical left Syriza party Wednesday, warning rebels that he would have to call early elections if they keep opposing key reforms demanded for a new international bailout. Representatives of Greece's creditors— its European Union partners and the International Monetary Fund—...

  • UPDATE 5-Oil prices fall for sixth day as glut bites Wednesday, 29 Jul 2015 | 6:56 AM ET

    *OPEC oversupply 3 million bpd in Q2- Reuters survey. "If you look at there's been a pretty big build and also a build in gasoline that is going to add a bit of pressure today," said Olivier Jakob, an oil analyst at Petromatrix in Zug, Switzerland. Front-month Brent futures were last at $53.08 a barrel, down 22 cents, by 1045 GMT, on course for their sixth straight daily...

  • UPDATE 4-Oil prices fall in longest decline in a year Wednesday, 29 Jul 2015 | 5:22 AM ET

    *OPEC oversupply 3 million bpd in Q2- Reuters survey. "If you look at there's been a pretty big build and also a build in gasoline that is going to add a bit of pressure today," said Olivier Jakob, an oil analyst at Petromatrix in Zug, Switzerland. Front-month Brent futures were down 42 cents at $52.88 a barrel by 0850 GMT, set for their sixth consecutive daily decline, the...

  • *OPEC oversupply 3 million bpd in Q2- Reuters survey. Asian investors focused on OPEC production figures that showed members of the Organization of the Petroleum Exporting Countries produced around 3 million barrels of oil per day more than daily demand in the second quarter, a Reuters survey showed. OPEC members pumped 31.25 million barrels per day in the...

  • *OPEC oversupply 3 million bpd in Q2- Reuters survey. Asian investors focused on OPEC production figures that showed members of the Organization of the Petroleum Exporting Countries produced around 3 million barrels of oil per day more than daily demand in the second quarter, a Reuters survey showed. OPEC members pumped 31.25 million barrels per day in the...

  • BERLIN— The World Trade Organization says Taiwan and Thailand have joined an agreement reached last week to abolish duties on more than 200 technology products. The Geneva- based trade body said the two Asian nations on Tuesday confirmed their acceptance of the WTO's first tariff-eliminating deal in 18 years. Taiwan, a major electronics producer, and Thailand...

  • BRUSSELS, July 28- EU members have backed the imposition of anti-dumping duties on imports of cold-rolled flat stainless steel from China and Taiwan, according to sources familiar with the decision. The European Union will charge tariffs of between 24.3 and 25.3 percent for sheet, coil and strip imports from China and of 6.8 percent for Taiwanese product,...

  • Bosnian government adopts EU reforms plan Tuesday, 28 Jul 2015 | 9:37 AM ET

    SARAJEVO, Bosnia-Herzegovina— Top EU officials say the Bosnian government's adoption of a plan of reforms is a crucial step forward on the country's EU integration path. European Union foreign policy chief Federica Mogherini and Enlargement Commissioner Johannes Hahn said in a statement on Tuesday that the adoption and swift implementation of the Reform...

  • BRUSSELS— The European Union on Tuesday moved to recognize halloumi, or hellim in Turkish, as a protected cheese from both sides of the Greek-Turkish divided island of Cyprus and lauded it as a symbolic step toward further reunification. The salty, chewy cheese is perhaps Cyprus' greatest gift to world gastronomy and the 28- nation bloc took a major step toward...

  • MANILA, Philippines— The Asian Development Bank said Tuesday it is ready to boost lending to the Philippines by 66 percent to about $3 billion to support the country's infrastructure and development needs. A joint statement after a meeting of ADB President Takehiko Nakao and Philippine Finance Secretary Cesar Purisima said the Manila- based lender is ready...