World Economy International Organizations

More

  • BRUSSELS, Dec 18- The European Union imposed anti-dumping duties on imports of Russian aluminium foil on Friday after its investigation showed the product was sold across the bloc at below market prices, the EU's Official Journal said. A definitive anti-dumping duty of 12.2 percent will be levied on aluminium foil from Russia, which is all made by the Rusal...

  • MOSCOW, Dec 18- Russian Deputy Finance Minister Sergei Storchak said on Friday he saw no point in Russia demanding that the International Monetary Fund halt its aid programme to Ukraine even if Moscow lost a court case centred around a $3 billion debt. Russia plans to take Ukraine to court over the $3 billion Eurobond which is due on Dec. 20. Ukraine has said it has no...

  • CARACAS, Dec 18- Venezuela's Oil Minister Eulogio del Pino fears a "catastrophe" if oil inventories continue accumulating to record levels, but nevertheless backs fellow OPEC member Iran's right to increase production once international sanctions are lifted. Del Pino and Foreign Minister Delcy Rodriguez met this week with OPEC member representatives in...

  • KIEV, Dec 18- The International Monetary Fund said on Friday it was concerned by signs Ukraine's parliament might reject a proposed tax code and budget for 2016, warning that this could further disrupt its $17.5 billion bailout programme. Vice President Joe Biden last week, who in a speech to parliament urged lawmakers to put aside political differences and...

  • LONDON, Dec 18- The European Union plans to extend commodity dealers' exemption from the full panoply of capital requirements faced by banks for another three years to 2020, a document seen by Reuters shows. Under EU capital requirement rules, an exemption for dealers in commodities and energy expires in December 2017. "Under the existing regime, after 31...

  • MOSCOW, Dec 18- The International Monetary Fund said on Friday it was concerned by a debate in the Ukrainian parliament that effectively amounted to a rejection of the government's proposal for a new tax code and budget for 2016.. "Approval of a budget consistent with the program objective of reducing the general government deficit to 3.7 percent of GDP is a key...

  • *Within OPEC, Iraq overtakes Kuwait to be No.3 supplier in Asia. SINGAPORE, Dec 18- Russian oil producers have strengthened their position in Asia by supplying nearly a quarter more crude this year, shifting the balance of power in one of the few bright spots in the global market and blunting OPEC's high-profile drive to win customers. Aided by a weak rouble and new...

  • *Entry would integrate Iran more fully in global economy. GENEVA, Dec 17- Iran is prepared to negotiate its way into the World Trade Organization, Industry Minister Mohammad Reza Nematzadeh said on Thursday, building on the momentum of a landmark nuclear deal as Tehran restores international economic links after years of sanctions. The breakthrough, after more...

  • GENEVA, Dec 17- Iran is prepared to negotiate its way into the World Trade Organization, Industry Minister Mohammad Reza Nematzadeh told the WTO's two-yearly ministerial meeting in Nairobi on Thursday. "Now that years of intensive negotiations have finally cleared all the misunderstandings around Iran's nuclear activities, we are taking the next step...

  • PARIS, Dec 17- The head of the International Monetary Fund, Christine Lagarde, said on Thursday she would appeal a decision by a French court to bring her to trial over her role in a compensation pay-out of some 400 million euros to businessman Bernard Tapie. Lagarde would like to reaffirm that she acted in the best interest of the French state and in full compliance...

  • NEW YORK, Dec 17- A French court's decision to order IMF chief Christine Lagarde face trial over her role in a contested pay-out to a French businessman should not prevent her from doing her job, French finance Minister Michel Sapin said on Thursday.

  • IMF CHIEF LAGARDE SAYS WILL APPEAL FRENCH COURT DECISION TO BRING HER TO TRIAL IN TAPIE CASE.

  • FRENCH FINANCE MINISTER SAYS CAN'T SEE HOW FRENCH COURT DECISION SHOULD PREVENT LAGARDE FROM CARRYING OUT HER IMF DUTIES.

  • PARIS, Dec 17- A French court has ordered Christine Lagarde, the head of the International Monetary Fund, to face trial over her role in a pay-out of some 400 million euros to businessman Bernard Tapie, her lawyer said on Thursday. The case will be heard by magistrates at the Cour de justice de la Republique- which judges ministers for crimes in office, France's...

  • PARIS, Dec 17- The lawyer of International Monetary Fund boss Christine Lagarde said on Thursday he would recommend his client appeal a French court's decision to bring her to trial over her role in the Bernard Tapie/Credit Lyonnais affair. "It's incomprehensible," Lagarde's lawyer Yves Repiquet said on French TV channel iTele. The decision by the Cour de...

  • IMF HEAD LAGARDE'S LAWYER SAYS TO RECOMMEND LAGARDE APPEALS DECISION BY FRENCH COURT TO BRING HER TO TRIAL.

  • FRENCH COURT ORDERS IMF HEAD CHRISTINE LAGARDE TO FACE TRIAL OVER CREDIT LYONNAIS/BERNARD TAPIE AFFAIR- FRENCH MEDIA.

  • PARIS, Dec 16- U.S. authorities have left unanswered French requests for access to financial information concerning suspects tied to last month's attacks in Paris, a French Finance Ministry source said. Under a 2010 agreement between Washington and the European Union, EU countries rely on the U.S. But at least in France's case the Americans have turned down the...

  • NAIROBI, Dec 16- More than 50 members of the World Trade Organization signed an agreement on Wednesday to remove import tariffs on 201 information technology products, marking the first major global tariff-cutting deal in 19 years. The deal, signed by 53 countries including China, will remove tariffs on trade worth $1.3 trillion, which is expected to give a $190...

  • BRUSSELS, Dec 16- The European Parliament plans to set up a committee to investigate Volkswagen's emissions scandal and whether regulatory oversight of the car industry was too lax. The inquiry could last for up to a year and will investigate alleged contraventions of European Union law and alleged "maladministration" in the application of the law, according...