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World Economy International Organizations

  • LIMA, May 27- The financial arm of the World Bank is considering issuing about $2 billion in bonds to finance environmentally friendly projects in Peru, the nation's economy minister said on Saturday. The International Finance Corporation, an arm of the World Bank, "is thinking of doing an emission of green bonds here, and that's going to give us $2 billion, more or...

  • *Trade thin ahead of the long weekend break in U.S. and Britain. NEW YORK, May 26- Oil prices rebounded to rise more than 1 percent on Friday, but Brent crude ended the week nearly 3 percent lower after an OPEC- led decision to extend production curbs did not go as far as many investors had hoped. Trading was light after Thursday's heavy sell-off and ahead of the long...

  • *Oil rebounds, market corrects following OPEC. NEW YORK, May 26- Oil prices recovered on Friday from some of the previous day's steep slide after investor disappointment that OPEC curbs did not go far enough, while Wall Street stocks eked out a seventh straight day of gains. Equities are also down, "analyst Carsten Menke at Julius Baer in Zurich said.

  • *Prices rebound after dive on disappointment over OPEC decision. NEW YORK, May 26- Oil prices rebounded to rise more than 1 percent on Friday, but ended the week nearly 3 percent lower after an OPEC- led decision to extend production curbs did not go as far as many investors had hoped. Crude prices plunged 5 percent after the decision as some market participants had...

  • *Oil rebounds, market corrects following OPEC. NEW YORK, May 26- Oil prices recovered on Friday from some of the previous day's steep slide after investor disappointment that OPEC curbs did not go far enough, while Wall Street pulled back after six days of straight gains. Equities are also down, "analyst Carsten Menke at Julius Baer in Zurich said.

  • BRATISLAVA, May 26- A top European Commission official said on Friday European Union members would be asked within days to give the bloc's executive a mandate to negotiate with Russia over the Nord Stream 2 gas pipeline, which has bitterly divided the bloc. The planned 9.5 billion euro pipeline project has led to a split between Eastern European and Baltic Sea...

  • May 26- U.S. energy firms added oil rigs for a record 19 weeks in a row as expectations of higher crude prices after an OPEC- led decision to extend current output curbs motivate producers to boost spending on new drilling. Drillers added two oil rigs in the week to May 26, bringing the total count up to 722, the most since April 2015, energy. Friday, after plunging nearly...

  • *Prices bounce after dive on disappointment over OPEC. NEW YORK, May 26- Oil prices rose more than 1 percent on Friday, a partial rebound from the previous day's steep slide that came when an OPEC- led decision to extend production curbs did not go as far as some investors had hoped. Global benchmark Brent futures rose 50 cents to $51.97 a barrel at 12:29 p.m. EDT, after...

  • MILAN, May 26- Banca Popolare di Vicenza and Veneto Banca have asked an investment fund backed by Italy's healthier banks to come to their rescue by helping to cover a capital shortfall, as demanded by the European Union. Rome has sought EU approval for months to bail out the two Veneto- based lenders and bigger rival Monte dei Paschi di Siena under strict EU bank...

  • *OPEC raised expectations too high. While OPEC has worked hard in recent years on improving communication to ensure the right message is delivered to financial markets, Thursday's experience showed the 14- member group and its non- OPEC allies still have a long way to go. OPEC agreed on Thursday to extend its existing production cuts by nine months- more than the...

  • *OPEC raised expectations too high. While OPEC has worked hard in recent years on improving communication to ensure the right message is delivered to financial markets, Thursday's experience showed the 14- member group and its non- OPEC allies still have a long way to go. OPEC agreed on Thursday to extend its existing production cuts by nine months- more than the...

  • *OPEC raised expectations too high. While OPEC has worked hard in recent years on improving communication to ensure the right message is delivered to financial markets, Thursday's experience showed the 14- member group and its non- OPEC allies still have a long way to go. OPEC agreed on Thursday to extend its existing production cuts by nine months- more than the...

  • *OPEC raised expectations too high. While OPEC has worked hard in recent years on improving communication to ensure the right message is delivered to financial markets, Thursday's experience showed the 14- member group and its non- OPEC allies still have a long way to go. OPEC agreed on Thursday to extend its existing production cuts by nine months- more than the...

  • *OPEC wants to see Texan fields, U.S. bankers visit Vienna. *OPEC needs higher prices, but wary of new U.S. oil boom. OPEC and non- OPEC countries led by Russia agreed on Thursday to extend oil output curbs by nine months to March 2018, keeping roughly 2 percent of global production off the market in an attempt to boost prices.

  • *Canadian dollar at C $1.3456, or 74.32 U.S. cents. TORONTO, May 26- The Canadian dollar edged higher against its U.S. counterpart on Friday as prices of oil, one of Canada's major exports, stabilized after a sharp drop the day before. Oil prices had plunged on Thursday following an Organization of the Petroleum Exporting Countries-led decision to extend current...

  • BRUSSELS, May 26- Malta let online gambling firms operate from the island across the European Union between at least 2012-2014 while failing to enforce its own rules on monitoring their computer servers, according to a former employee at Maltas gaming regulator. Malta has awarded around 500 online gaming licenses, the highest number in Europe.

  • *OPEC, other producers extend production cut to March 2018. LONDON, May 26- Oil prices slipped further on Friday following an OPEC- led decision to extend current production curbs that investors gauged did not go far enough to reduce a global supply glut. At Thursday's meeting in Vienna the Organization of the Petroleum Exporting Countries and some non- OPEC...

  • *European stocks open down, track Asia. LONDON, May 26- Oil prices see-sawed on Friday after OPEC extended cuts in oil production but disappointed investors by not going further, while sterling slid after a poll showed the ruling Conservatives' lead shrinking two weeks before an election. Britain's pound tumbled 0.8 percent to a three-week low of $1.2834 and hit...

  • *Japan, euro zone performing better than expected. LONDON, May 26- The dip in the U.S. economy is a "splutter" rather than a more serious downturn, the International Monetary Fund's chief economist said, though policy uncertainty in Washington was making forecasting increasingly difficult. In an interview with Reuters, Maurice Obstfeld, who is nearing his two-year...

  • *OPEC, other producers extend production cut to March 2018. LONDON, May 26- Oil prices edged back up on Friday after a 5 percent fall in the previous session on disappointment that an OPEC- led decision to extend current production curbs did not go deeper. At Thursday's meeting in Vienna the Organization of the Petroleum Exporting Countries and some non- OPEC...