World Economy International Organizations

  • STRASBOURG, Nov 22- The European Union agreed a deal on Tuesday to stem the flow of gold and other metals used to fund armed conflicts or produced in conditions that breach human rights. Members of the European Parliament and European Commission officials who brokered the deal said it would improve the lives of those living in conflict zones and break a vicious...

  • *Nigeria sees OPEC expert consensus on Tuesday. NEW YORK, Nov 22- Oil turned negative in volatile trade on Tuesday on worries Iran and Iraq were not ready to agree on an OPEC output freeze after prices earlier rose to the highest level this month on reports cartel members had overcome their internal disputes. Prices slumped after OPEC sources said agreement to a...

  • *OPEC experts make recommendation but full deal still elusive. *Iraq foreign min says would be unfair for OPEC to ask it to cut. VIENNA/ DUBAI, Nov 22- OPEC will debate an oil output cut of 4.0-4.5 percent for all of its members except Libya and Nigeria next week but the deal's success hinges on an agreement from Iraq and Iran, which are far from certain to give full...

  • *Most analysts expect OPEC- led cut following Nov. 30 meeting. *Nigeria sees OPEC expert consensus on Tuesday. NEW YORK, Nov 22- Oil prices were little changed on Tuesday after earlier rising to their highest levels this month as a growing consensus emerged in the market that OPEC would overcome internal disputes and strike a deal to reduce crude output.

  • BRUSSELS, Nov 22- Companies would be given more breathing space to restructure their debts in times of crisis under a European Union draft law unveiled on Tuesday, inspired by U.S. insolvency rules and aimed at avoiding bankruptcies and saving jobs. In a bid to encourage risk-taking start-ups, the proposal would make it easier for entrepreneurs in Europe to get a...

  • Nov 22- Oil prices have risen to their highest in nearly a month, as expectations grow among traders and investors that OPEC will agree to cut production, but market watchers reckon a deal may pack less punch than Saudi Arabia and its partners want. Brent crude has risen 6.5 percent in the last two weeks, hitting nearly $50 a barrel for the first time since late...

  • *OPEC experts make recommendation but full deal still elusive. *Iraq foreign min says would be unfair for OPEC to ask it to cut. VIENNA/ DUBAI, Nov 22- OPEC will debate an oil output cut of 4.0-4.5 percent for all of its members except Libya and Nigeria next week but the deal's success hinges on an agreement from Iraq and Iran, which are far from certain to give full...

  • MEXICO CITY, Nov 22- Mexico is facing risks to its growth from trade protectionism, the International Monetary Fund said on Tuesday, as it cut its growth forecast for the coming years for Latin America's No. 2 economy. President-elect Donald Trump has threatened to tear up the NAFTA trade deal and impose tariffs on Mexican-made goods. Mexico's central bank has...

  • LISBON, Portugal— Portugal's government says it has made an early reimbursement of 2 billion euros to the International Monetary Fund, which was one of the contributors to the eurozone country's 78 billion-euro bailout in 2011.. The finance ministry says it will save 41 million euros in interest by repaying the amount, which was due by February 2019.

  • *Most analysts expect OPEC- led cut following Nov. 30 meeting. *Nigeria sees OPEC expert consensus on Tuesday. But they slumped into negative territory after OPEC sources told Reuters agreement to a 4.0-4.5 percent output cut by all members aside from Libya and Nigeria would still hinge next week on the backing of Iran and Iraq.

  • LONDON, Nov 22- World stocks rode the slipstream of the first joint all-time high for Wall Street's four main markets since 1999 on Tuesday, with commodity firms adding extra lift as they eyed an OPEC oil output cut and surge in U.S. building under Donald Trump. A powerful earthquake hitting the same part of Japan that suffered a nuclear disaster in 2011 nudged up...

  • LONDON, Nov 22- If OPEC hopes to speed up the rebalancing of the oil market by announcing a production-limiting plan, someone should tell the futures market. Front-month futures have risen sharply in recent days amid rising expectations OPEC will reach some sort of agreement by the next ministerial meeting on Nov. 30. Front-month Brent is up by around $5 per...

  • *Most analysts expect OPEC- led cut following Nov. 30 meeting. *Nigeria says sees OPEC expert consensus on Tuesday. OPEC is trying to bring its 14 member and non- OPEC producer Russia to agree on a coordinated cut to prop up the market by bringing production into line with consumption.

  • BRUSSELS, Nov 22- Top American or Asian banks will have to hold enough capital buffers for their activities in the European Union to face crisis without help from their headquarters, a draft EU law says, according to officials familiar with it. The plan, meant to increase banks' safety and mirroring existing U.S. regulations, may also hit top British banks, such as...

  • *Nigeria says OPEC talking of six-month deal duration. *Iraq says would be unfair for OPEC to ask it to cut. The High-Level Committee- a technical body comprised mainly of OPEC governors and national representatives who report to their respective ministers- started a second day of talks at OPEC headquarters in Vienna at about 0930 GMT.

  • BUCHAREST, Romania— The World Bank says people in Europe and Central Asia remain worried about job security despite modest economic growth. The bank's chief economist for Europe and Central Asia, Hans Timmer, said Tuesday that the region's economies are expected to grow 1.6 percent this year, with similar growth levels in 2017 and 2018.. In comments made in...

  • *Most analysts expect OPEC- led cut following Nov. 30 meeting. *Nigeria says sees OPEC expert consensus on Tuesday. OPEC is trying to bring its 14 member states, including regional foes Saudi Arabia and Iran, and non- OPEC producer Russia to agree on a coordinated cut to prop up the market by bringing production into line with consumption.

  • BRENT CRUDE OIL FUTURES RISE $1 A BARREL ON HOPE OPEC TECH MEETING REACHES FULL CONSENSUS SOON ON OUTPUT CUT.

  • *Most analysts now expect OPEC- led cut following Nov. 30 meeting. SINGAPORE, Nov 22- Oil prices rose to their highest level since October on Tuesday as the market priced in an expected output cut led by producer cartel OPEC, but analysts warned that a failure to agree on a cut could lead to a deepening supply glut by early 2017.. The Organization of the Petroleum...

  • LISBON, Nov 22- When international creditors released Portugal from onerous loan conditions two years ago, they hailed the nation for some major reform achievements- not least, an overhaul of the judiciary. The International Monetary Fund applauded Lisbon for reforming a dysfunctional court system which had been a brake on the economy. And with the European...