World Economy International Organizations

  • *Saudi Arabia signals output may hit record high. Brent hit a high of $50.05 a barrel, up 20 cents on the day, before easing back to around $49.75, down 10 cents, by 1200 GMT. Many OPEC members have been hurt badly by a collapse in oil prices over the last two years.

  • Once again the speculative "will they, won't they" merry-go-round has been fired up ahead of a planned meeting of the Organization of the Petroleum Exporting Countries and non- OPEC producers. As in the run-up to previous meetings, investors and traders will hang on every twist and turn in the words of oil ministers in the six weeks between now and the meeting at a...

  • NEW DELHI, Aug 18- No decision has yet been reached to appoint India's next central bank governor, Finance Minister Arun Jaitley said on Thursday, 18 days before the incumbent is due to stand down. A senior aide to Prime Minister Narendra Modi said he was "expected to make up his mind very soon" on replacing Raghuram Rajan, the former International Monetary Fund chief...

  • *Saudi Arabia signals output may hit record high. Brent hit a high of $50.05 a barrel, up 20 cents on the day, before easing back to around $49.75, down 10 cents, by 1000 GMT. Many OPEC members have been hurt badly by a collapse in oil prices over the last two years.

  • LONDON, Aug 18- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. AUGUST 18 It is becoming clear that the worst-case predictions of "Project Fear"- the Remain campaign's failed pitch that the sky would fall in after a vote to leave the EU- are not...

  • LONDON, Aug 18- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. AUGUST 18 It is becoming clear that the worst-case predictions of "Project Fear"- the Remain campaign's failed pitch that the sky would fall in after a vote to leave the EU- are not...

  • LONDON, Aug 18- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. AUGUST 18 It is becoming clear that the worst-case predictions of "Project Fear"- the Remain campaign's failed pitch that the sky would fall in after a vote to leave the EU- are not...

  • LONDON, Aug 18- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. AUGUST 18 It is becoming clear that the worst-case predictions of "Project Fear"- the Remain campaign's failed pitch that the sky would fall in after a vote to leave the EU- are not...

  • *Saudi Arabia signals output may hit record high. Brent hit a high of $50.05 a barrel, up 20 cents on the day, before easing back to around $49.70, down 15 cents, by 0850 GMT. Many OPEC members have been hurt badly by a collapse in oil prices over the last two years.

  • *WTI crude supported by U.S./ Europe arbitrage window. SINGAPORE, Aug 18- Oil prices rose on Thursday, with Brent topping $50 a barrel for the first time in six weeks, as traders continued to talk up the potential for an output cut agreement at a meeting of OPEC and non- OPEC producers next month. "We remain skeptical that renewed talks of a production freeze by OPEC and...

  • Once again the speculative "will they, won't they" merry-go-round has been fired up ahead of a planned meeting of the Organization of the Petroleum Exporting Countries and non- OPEC producers. As in the run-up to previous meetings, investors and traders will hang on every twist and turn in the words of oil ministers in the six weeks between now and the meeting at a...

  • **WASHINGTON- U.S. Treasury Federal Advisory Committee on Insurance holds open meeting in Washington to discuss the overall effectiveness of the terrorism risk insurance program, autonomous vehicles, implications of the recent UK referendum on membership in the European Union, and the impact of a low interest rate environment on the availability of...

  • Crude futures have gained as much as 13 percent since Thursday after Saudi Arabia, the kingpin in the Organization of the Petroleum Exporting Countries, stoked speculation that OPEC was ready for an output freeze deal with producers outside the group. On Wednesday, Brent crude settled up 62 cents, or 1.3 percent, at $49.85 a barrel after touching five-week highs...

  • *Saudis output seen at new record high despite OPEC overtures. NEW YORK, Aug 17- Oil's near week-long rally was under pressure on Wednesday after an unexpected drawdown in U.S. crude and gasoline stocks was offset by worries that Saudi Arabia was cranking output to record highs even as OPEC talked of ways to ease a global glut. West Texas Intermediate crude futures...

  • NEW YORK, Aug 17- Oil's near week-long rally sputtered on Wednesday as players weighed up the market after a surprise drawdown in U.S. crude and gasoline inventories was offset by worries Saudi Arabia was cranking output to record highs even as OPEC talked of ways to ease a glut. Reports of refinery outages in the United States, including that of a crude unit at...

  • NEW YORK, Aug 17- U.S. crude futures fell nearly 1 percent on Wednesday ahead of important inventory data while Brent steadied near 5- week highs on speculation that the world's crude producers might still be able to strike a deal to support the market. Analysts expect the U.S. Energy Information Administration to announce a fourth straight weekly rise in...

  • MOSCOW/ DUBAI, Aug 17- Saudi Arabia is sending signals that it could boost its crude oil supplies in August to a new record level, overtaking Russia, the world's top oil producer, as it gets ready for tough talks next month for a global output freeze pact. Higher production could give it more leverage during talks in September when both OPEC and non- OPEC producers are...

  • *OPEC, other producers to meet next month. Prices have risen by nearly 20 percent in just two weeks to their highest since early July, after speculation surfaced that top producers within and outside of OPEC could finally reach a deal on freezing output. "The market is totally dominated by short speculators facing OPEC talk," SEB commodities strategist Bjarne...

  • *OPEC, other producers to meet next month. Prices have risen by nearly 20 percent in just two weeks to their highest since early July, after speculation surfaced that top producers within and outside of OPEC could finally reach a deal on freezing output. "The market is totally dominated by short speculators facing OPEC talk," SEB commodities strategist Bjarne...

  • *OPEC, other producers to meet next month. SINGAPORE, Aug 17- Oil prices fell away from 5- week highs on Wednesday as analysts doubted possible producer talks to rein in ballooning oversupply would be successful. Brent crude futures were trading at $48.86 per barrel at 0702 GMT, down 37 cents from their last settlement.