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World Economy International Organizations

  • BRUSSELS, June 1- China and the European Union will seek on Friday to save an international pact against climate change from which U.S. In a statement backed by all 28 EU states, the European Union and China will commit to full implementation of the Paris Climate Agreement, EU and Chinese officials said. "The EU and China consider climate action and the clean energy...

  • CAIRO, June 1- Egyptian Finance Minister Amr El-Garhy said on Thursday that the next review for the country's $12 billion three-year International Monetary Fund lending programme will be in either November or December.

  • CAIRO, June 1- Egyptian Finance Minister Amr El-Garhy said on Thursday that the next review for the country's $12 billion three-year International Monetary Fund lending program will be in either November or December.

  • MEXICO CITY, May 31- Mexico's Economy Minister Ildefonso Guajardo said on Wednesday there are "incentives" to wrap up the renegotiation of the North American Free Trade Agreement by the end of the year due to upcoming elections in the United States and Mexico. Mexico sends the vast majority of its exports north to the United States, and local officials view the...

  • TORONTO, May 31- Canada's main stock index fell on Wednesday as a slide in oil prices squeezed energy companies, while a quarterly report on the country's economy cast a cloud over financial shares. Oil and gas companies took a hit after crude prices dropped following an increase in Libyan output, which helped boost monthly OPEC crude production for the first...

  • Commerce Secretary Wilbur Ross said the best window to complete the renegotiation of the North American Free Trade Agreement is by early January, well before Mexico's general elections and U.S. congressional elections in 2018.. Speaking at an event held at the Bipartisan Policy Center, a Washington think tank, Ross said also said that the Commerce Department...

  • *OPEC oil output rose in May, 1st monthly increase this year. *Russia's May oil output in line with OPEC deal- sources. NEW YORK, May 31- Oil prices sank 3 percent to a three-week low on Wednesday as an increase in Libyan output helped boost monthly OPEC crude production for the first time this year.

  • DAKAR, May 31- The World Bank will provide $29 million to help Senegal as it negotiates oil and gas contracts with producers, it said on Wednesday. Oil firms including BP and Total are developing previously untapped oil and gas fields off Senegal's Atlantic coast that could bring billions of dollars of profits to the impoverished country in the next decade.

  • Commerce Secretary Wilbur Ross said the best window to complete the renegotiation of the North American Free Trade Agreement is between now and early January, well before Mexico's general elections in July 2018. Speaking at an event held at the Bipartisan Policy Center, a Washington think-tank, Ross said also said that the Commerce Department would impose...

  • *OPEC oil output rose in May, 1st monthly increase this year. *Russia's May oil output in line with OPEC deal- sources. NEW YORK, May 31- Oil prices sank 3 percent to a three-week low on Wednesday as an increase in Libyan output helped boost monthly OPEC crude production for the first time this year.

  • *OPEC oil output rose in May, 1st monthly increase this year. *Russia's May oil output in line with OPEC deal- sources. Output from the Organization of the Petroleum Exporting Countries rose in May, the first monthly increase this year, a Reuters survey found, as higher supply from two OPEC states exempt from a production-cutting deal, Nigeria and Libya, offset...

  • MEXICO CITY, May 31- Mexico's Economy Minister Ildefonso Guajardo said on Wednesday there are "incentives" to wrap up the renegotiation of the North American Free Trade Agreement by the end of the year due to upcoming elections in the United States and Mexico. "The incentives of the U.S. and Mexican electoral calendars encourage us both to try to finish by the end of...

  • FRANKFURT, May 31- British companies may need to set up subsidiaries in continental Europe to take part in multibillion-euro space programmes funded by the European Union after Britain leaves the EU, the head of Europe's space agency told the Financial Times. "We have a tremendous problem with Brexit because it means that UK companies... are not eligible to have a...

  • LONDON, May 31- The European Union has agreed on new rules to revive the securitised debt market, which was tarnished by the financial crisis, as part of a drive to build a deeper European capital market, EU officials and lawmakers said on Wednesday. Europe's securitisation sector shrank after securitised debt based on poor quality U.S. home loans turned toxic in...

  • *OPEC output rises by 250,000 bpd to 32.22 million bpd. *Saudi Arabian output remains below OPEC target. LONDON/ DUBAI, May 31- OPEC oil output rose in May, the first monthly increase this year, a Reuters survey found on Wednesday, as higher supply from two OPEC states exempt from a production-cutting deal, Nigeria and Libya, offset improved compliance with the accord...

  • May 31- The following table shows OPEC crude oil output in millions of barrels per day in May and April, according to a Reuters survey published on Wednesday. The May survey indicates output from the 13 OPEC members rose by 250,000 bpd from April. Equatorial Guinea joined OPEC with "immediate effect," OPEC said at the end of its May 25 meeting.

  • OPEC MEMBERS SUBJECT TO OIL SUPPLY TARGETS ACHIEVE 95 PCT OF PLEDGED CUTS IN MAY- REUTERS SURVEY.

  • OPEC MAY OIL OUTPUT RISES 250,000 BPD MONTH/MONTH TO 32.22 MLN BPD ON HIGHER PRODUCTION IN NIGERIA, LIBYA- REUTERS SURVEY.

  • *Russia's May oil output in line with OPEC deal- sources. LONDON, May 31- Oil prices fell to a three-week low on Wednesday on news that Libyan output was recovering from an oilfield technical issue, fueling concerns that OPEC- led output cuts to reduce global inventories were being undermined by producers outside the deal. "Unless some bullish news stops this, prices...

  • OTTAWA, May 31- The Bank of Canada should keep interest rates low and Canada's federal government should be ready with more fiscal stimulus in the event of an economic downturn, the International Monetary Fund said on Wednesday in a report that reiterated warnings about Canada's hot housing market and high household debt. In an annual assessment of Canada's...