×

World Economy International Organizations

  • SINGAPORE, Jan 27- Oil prices dipped on Friday, with rising crude output from the United States offsetting efforts by OPEC and other producers to cut supplies to prop up the market. "Market participants are hyper-focused on two issues: shale's response to higher prices and OPEC compliance," Barclays bank said. "Producers and OPEC countries are all talking their...

  • *OPEC producers cut supplies but spare key customers. U.S. light crude futures were up $1.03 to $53.78 a barrel, a gain of 2 percent, while Brent crude settled up $1.16, or 2.1 percent, to $56.24. U.S. crude hit a peak of $54.06, highest in more than three weeks, after Wall Street's open as stocks added to the previous session's rally that had lifted the Dow Jones Industrial...

  • GENEVA, Jan 26- A trade accord that will boost global exports by $1 trillion should come into force within two weeks, the head of the World Trade Organization said on Thursday, just as the rhetoric of U.S. "In the WTO's history, it is the biggest agreement we ever reached," WTO Director-General Roberto Azevedo told Reuters in an interview. Jordan, Chad and Kuwait are all...

  • *OPEC producers cut supplies but spare key customers. U.S. light crude futures were up 96 cents to $53.71 a barrel, a gain of 1.8 percent, while Brent crude rose $1.04, or 1.9 percent, to $56.12 by 1:41 p.m. ET. U.S. crude popped to a peak of $54.06, its highest in more than three weeks, as Wall Street opened at 9:30 a.m. ET and added to the previous session's rally that had...

  • GENEVA, Jan 26- A trade accord that will boost global exports by $1 trillion is expected to come into force in the next two weeks, the head of the World Trade Organization said on Thursday, despite concerns over a more protectionist United States under Donald Trump. The WTO's Trade Facilitation Agreement, which will standardise and simplify customs procedures...

  • NEW GLOBAL TRADE ACCORD SLASHING RED TAPE AT BORDERS TO TAKE EFFECT WITHIN TWO WEEKS- HEAD OF WORLD TRADE ORGANIZATION.

  • BRITAIN MAY NEED AT LEAST COUPLE OF YEARS TO SEPARATE ITS WTO COMMITMENTS FROM EU'S WTO COMMITMENTS- AZEVEDO.

  • MANY CONCERNS AIRED IN RECENT U.S.

  • BRITAIN MAY NEED AT LEAST COUPLE OF YEARS TO SEPARATE ITS WTO.

  • BRUSSELS, Jan 26- A majority of EU countries on Thursday opposed a European Commission plan to extend anti-dumping duties on Chinese solar panels for two years, according to EU diplomats, putting pressure on the EU executive to review its proposal. The majority view could also pressure the European Commission to review its proposal. The European Union and China...

  • *OPEC producers cut supplies but spare key customers. LONDON/ NEW YORK, Jan 26- Oil prices were driven 2 percent higher by an ongoing rally in the U.S. stock market on Thursday, although gains were capped by plentiful supplies and bulging inventories in spite of efforts by producers to cut output. U.S. light crude futures were up $1.22 to $53.97 a barrel, a gain of 2.2...

  • Jan 26- Biogen Inc said on Thursday that the first U.S. patients have received its new drug for the leading genetic cause of death in infants and that it anticipates mid-year approval of Spinraza in the European Union. The company forecast adjusted profit of $20.45 to $21.25 per share, with analysts on average estimating $21.02. Biogen, which will spin off its...

  • LONDON, Jan 26- Barclays is preparing to make Dublin its EU headquarters for when Britain leaves the European Union, according to a source familiar with the matter on Thursday. Global banks and insurers have begun signaling how they will put plans into action to cope with a "hard" exit from the European Union, after Prime Minister Theresa May said that Britain would...

  • *OPEC producers cut supplies but spare key customers. LONDON, Jan 26- Oil prices were driven higher by a weakening dollar on Thursday, although gains were capped by plentiful supplies and bulging inventories in spite of efforts by producers to cut output. Benchmark Brent crude was up 45 cents a barrel at $55.53 by 1245 GMT, while U.S. light crude futures were up 35...

  • *OPEC producers cut supplies but spare key customers. LONDON, Jan 26- Oil prices rose on Thursday, driven up by a weakening dollar, though gains were capped by plentiful supplies and bulging inventories despite efforts by OPEC and other producers to cut output to prop up the market. Benchmark Brent crude was up 35 cents a barrel at $55.43 by 1125 GMT.

  • * "That will please the European Commission". The European Commission and the International Monetary Fund have repeatedly urged Germany to take advantage of record-low borrowing costs and increase investment as a measure to reduce the country's large trade and current account surpluses. The United States last year flagged concerns over economic policies...

  • BRUSSELS, Jan 26- The British economy will pay higher costs this year and next for the uncertainty created by its vote to leave the European Union, the EU economics commissioner said on Thursday, though he recognised Britain had so far fared well since the referendum. Britain's gross domestic product rose at a quarterly rate of 0.6 percent between October and...

  • *Russia, OPEC have teamed up in global oil output cut. MOSCOW, Jan 26- Qatar's investments in Russia will further strengthen ties between the Organization of the Petroleum Exporting Countries and non-member oil producers, OPEC Secretary-General Mohammed Barkindo told Reuters. "This investment project will further strengthen OPEC and non- OPEC relations,"...

  • *OPEC producers cut supplies but spare key customers. LONDON, Jan 26- Oil prices rose on Thursday, driven up by a weakening dollar, though gains were capped by plentiful supplies and bulging inventories despite efforts by OPEC and other producers to cut output to prop up the market. Benchmark Brent crude was up 50 cents a barrel at $55.58 by 0900 GMT.

  • *OPEC producers cut supplies but spare key customers. SINGAPORE, Jan 26- Oil prices rose on Thursday, driven up by a weakening dollar, but gains were capped by plentiful supplies and inventories despite an effort by OPEC and other producers to cut output and prop up the market. Brent crude futures, the international benchmark for oil prices, were trading at $55.56...