World Economy International Organizations

  • *First policy keynote since UK vote to leave. STRASBOURG, Sept 14- The president of the European Commission, Jean-Claude Juncker, sought on Wednesday to rally support for the European Union, saying the bloc battered by the UK Brexit referendum was not about to break up despite its existential crisis. In setting out the Commission's plans for the first time since...

  • LONDON, Sept 14- Building and construction group Galliford Try said sales rates and prices at its housing division have risen since Britons voted to leave the European Union, echoing sentiments from several other British builders. The firm, which posted a slightly better-than-expected 18 percent rise in pre-tax profit to 135 million pounds in the year to the...

  • WASHINGTON/ SHANGHAI, Sept 14- The United States on Tuesday launched a challenge to China's price supports for domestic wheat, corn and rice at the World Trade Organization, charging that these far exceed limits that China committed to when it joined the WTO in 2001.. China's Ministry of Commerce on Tuesday evening said it "regretted" the U.S. action and that its...

  • STRASBOURG, Sept 14- The president of the European Commission, Jean-Claude Juncker, will try to rally support for the European Union, a project battered by the UK Brexit referendum and divided over the way forward when he makes his annual State of the Union address on Wednesday. Among policies he will propose to the European Parliament in Strasbourg will, EU...

  • WASHINGTON, Sept 13- The United States on Tuesday launched a challenge to China's price supports for domestic wheat, corn and rice at the World Trade Organization, charging that these far exceed limits that China committed to when it joined the WTO in 2001.. Trade Representative's office said China's "market price support" for wheat, corn and rice was estimated to...

  • *More driller resilience to low prices next year- OPEC. NEW YORK, Sept 13- Oil prices fell as much as 3 percent on Tuesday after both the world's energy watchdog and OPEC revised forecasts that signaled the global crude glut could persist for much longer than expected. "It seems the situation has deteriorated strongly in the eyes of OPEC, as well as the IEA," said...

  • *Oil prices fall as much as 3 pct on IEA, OPEC comments. The energy index's 2.86- percent slide led declines as oil prices tumbled as much as 3 percent after both the IEA and OPEC said the global crude glut would persist. "There is a heightened level of uncertainty regarding hikes, and investors aren't confident about any comments coming from Fed officials," said Andre...

  • *More driller resilience to low prices next year- OPEC. NEW YORK, Sept 13- Oil prices settled down as much as 3 percent on Tuesday after forecasts from producer group OPEC and a leading energy market body focused on consumers indicated a global crude supply glut could persist into next year. "It seems the situation has deteriorated strongly in the eyes of OPEC, as well...

  • WASHINGTON, Sept 13- The United States on Tuesday launched a challenge to China's price supports for domestic wheat, corn and rice at the World Trade Organization, charging that these far exceed limits that China committed to when it joined the WTO in 2001.. Trade Representative's office said China's "market price support" for wheat, corn and rice was estimated to...

  • *Oil prices fall more than 2 pct on IEA, OPEC comments. The energy index's 2.8 percent slide led declines as oil prices tumbled more than 2.5 percent after both the IEA and OPEC said the global crude glut would persist. "There is a heightened level of uncertainty regarding hikes and investors aren't confident about any comments coming from Fed officials," said Andre...

  • *Oil prices fall more than 2 pct on IEA, OPEC comments. The energy index's 2.6 percent slide led the decliners as oil prices tumbled more than 2.5 percent after both the IEA and OPEC said the global crude glut would persist. "Oil is acting as a barometer for the economy," said Andre Bakhos, managing director at Janlyn Capital in Bernardsville, New Jersey.

  • NEW YORK, Sept 13- Oil prices fell as much as 3 percent on Tuesday after both the world's consumers and producers revised forecasts that signaled the global crude glut persisting for much longer than previously expected. "It seems the situation has deteriorated strongly in the eyes of OPEC, as well as the IEA," said Commerzbank head of commodities strategy Eugen...

  • The IEA's latest comments follow a surprisingly bearish outlook from OPEC on Monday. Brent crude was down 47 cents at $47.85 a barrel by 1340 GMT, with U.S. "It seems the situation has deteriorated strongly in the eyes of OPEC as well as the IEA," said Commerzbank head of commodities strategy Eugen Weinberg.

  • The IEA's latest comments follow a surprisingly bearish outlook from OPEC on Monday. Brent crude prices was down 97 cents to $47.35 a barrel by 1105 GMT, while U.S. "It seems the situation has deteriorated strongly in the eyes of OPEC as well as the IEA," Commerzbank head of commodities strategy Eugen Weinberg said.

  • The IEA's latest comments follow a surprisingly bearish outlook from OPEC the day before. Brent crude prices fell 92 cents to $47.40 a barrel by 0910 GMT, while U.S. "It seems the situation has deteriorated strongly in the eyes of OPEC as well as the IEA," Commerzbank head of commodities strategy Eugen Weinberg said.

  • "If we get to $47.50 on WTI, I'm shorting it as it seems to be a channel top," said Phil Davis, a trader at PSW Investments in Woodland Park, New Jersey. "Fundamentally, there's little support for crude despite its attempts to hold to a bottom channel of $45 on empty OPEC talk of production cuts." The Organization of the Petroleum Exporting Countries is meet non- OPEC members...

  • TORONTO, Sept 12- Canada is working towards signing a new trade agreement with the European Union in October, Canadian Trade Minister Chrystia Freeland said on Monday. Supporters of the deal, called the Comprehensive Economic and Trade Agreement, say it would increase trade between the EU and Canada on a range of products, boosting the EU economy by 12 billion...

  • LONDON, Sept 12- Britain will make public its guidelines for talks on leaving the European Union by the time it triggers the exit process, Brexit minister David Davis said on Monday, in the first indication of when Britons will find out what the government hopes to achieve in the talks. Prime Minister Theresa May's government has warned it will reveal little about...

  • BRUSSELS, Sept 12- The European Union wants its own measures to reduce airline pollution from 2018 to 2020 ahead of when a proposed global deal is due to come into force and may extend its own system if it sees fit, European officials said on Monday. China, the United States, the EU and 16 surrounding nations support a pact to cap emissions of all international flights...

  • BRUSSELS, Sept 12- The European Union wants its own measures to reduce airline pollution from 2018 to 2020 ahead of when a proposed global deal is due to come into force and may extend its own system if it sees fit, European officials said on Monday. China, the United States, the EU and 16 surrounding nations support a pact to cap emissions of all international flights...