World Economy International Organizations

  • *Most analysts expect some form of output cut after OPEC meeting. OPEC is due to meet on Nov. 30 to coordinate a cut, potentially together with non- OPEC member Russia, but there is also disagreement within the producer cartel as to which member states should cut and by how much. "Crude oil prices treaded water as OPEC and non- OPEC members spent more time in preliminary...

  • *Most analysts expect OPEC- led cut to be agreed. Thanksgiving holiday and there was a reluctance to take on big price bets amid uncertainty about the planned OPEC- led production cut. OPEC is due to meet on Nov. 30 to coordinate the cut agreed in Algiers in September, potentially with the cooperation of Russia, which is not a member of the group.

  • BRUSSELS, Nov 24- EU pension funds will have to include environmental risks in their investment strategies, under a law passed on Thursday, that ecologists hope will encourage money to flow out of fossil fuels and into greener sectors. It comes as the European Union looks at other measures to reduce long-term systemic risks linked to climate change, extreme...

  • *Most analysts expect OPEC- led cut to be agreed. Thanksgiving holiday and there was a reluctance to take on big price bets amid uncertainty about the planned OPEC- led production cut. OPEC is due to meet on Nov. 30 to coordinate the cut agreed in Algiers in September, potentially with the cooperation of Russia, which is not a member of the group.

  • President-elect Donald Trump wanted to withdraw the United States from the global trading body. "I think that at this point in time what we have to do is be ready for a conversation," Azevedo told reporters, adding that he was convinced the United States could be a very important partner in reviving global trade growth. Nor would free trade necessarily be damaged if...

  • *Most analysts expect OPEC- led cut to be agreed. Thanksgiving holiday and there was a reluctance to take on big price bets amid uncertainty about the planned OPEC- led production cut. OPEC is due to meet on Nov. 30 to coordinate the cut agreed in Algiers in September, potentially with the cooperation of Russia, which is not a member of the group.

  • *Minister: OPEC may ask non- OPEC to cut by 0.88 mln bpd. The oil minister of Azerbaijan, which is not a member of OPEC, was quoted in a newspaper as saying the cartel may want non- OPEC producers to cut output by as much as 880,000 barrels per day- a figure which analysts said could help wipe out excess crude supplies and start to eat into record inventories.

  • *Plans two IPOs in Malaysia and Hong Kong. KUALA LUMPUR, Nov 24- Asia's biggest low-cost airline AirAsia Bhd plans an initial public offering of a holding company that will house all its ASEAN operations, group CEO Tony Fernandes said on Thursday. He has in the past expressed a desire to combine the airline's operations in its home country Malaysia with those in...

  • TBILISI, Nov 24- The International Monetary Fund forecasts Georgia's gross domestic product will grow 2.7 percent in 2016 and by 4 percent in 2017, the IMF said on Thursday. The IMF had earlier predicted 3.4 percent growth in Georgia in 2016 and 5.2 percent in 2017, although its representative told Reuters earlier this month that its forecasts could be...

  • TBILISI, Nov 24- The International Monetary Fund forecasts Georgia's gross domestic product will grow 2.7 percent in 2016 and by 4 percent in 2017, the fund said on Thursday. "The Georgian economy has shown resilience and continues to recover from the external shock, although at a slower pace than initially envisaged," the IMF said in a statement after the Fund's...

  • *Most analysts expect OPEC- led cut to be agreed. LONDON, Nov 24- Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC- led crude production cut and thin liquidity during the U.S. OPEC is due to meet on Nov. 30 to coordinate a cut, potentially together with non- OPEC member Russia.

  • *Minister: OPEC may ask non- OPEC to cut by 0.88 mln bpd. The oil minister of Azerbaijan, which is not a member of OPEC, was quoted in a newspaper as saying the cartel may want non- OPEC producers to cut output by as much as 880,000 barrels per day. However, an OPEC source told Reuters the group had yet to decide on the final figures to be discussed on Nov. 28, when OPEC and non- OPEC...

  • PARIS, Nov 24- Governments need to get over the fixation with debt levels and ramp up spending on growth-friendly policies while cutting tax burdens where possible, the OECD said on Thursday. The message in the OECD's Economic Outlook to be published on Monday could offer support to a growing number of governments, starting with the upcoming Donald Trump- led U.S....

  • UNITED NATIONS, Nov 23- The United States and China have agreed on new U.N. sanctions to impose on North Korea over the nuclear test it conducted in September, but Russia is delaying action on a draft resolution, a senior Security Council diplomat said on Wednesday. The diplomat, who spoke on condition of anonymity, believed China could persuade Russia to agree to...

  • *Most analysts expect OPEC- led cut to be agreed. SINGAPORE, Nov 24- Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC- led crude production cut and thin liquidity during the U.S. OPEC is due to meet on Nov. 30 to coordinate a cut, potentially together with non- OPEC member Russia, but there is also disagreement within the producer cartel as...

  • *Most analysts expect OPEC- led cut to be agreed. SINGAPORE, Nov 24- Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC- led crude production cut and thin liquidity during the U.S. OPEC is due to meet on Nov. 30 to coordinate a cut, potentially together with non- OPEC member Russia, but there is also disagreement within the producer cartel as...

  • *OPEC struggles to hammer out deal on output cut. LONDON, Nov 24- The world's listed oil companies have slashed oil output by 2.4 percent so far this year during one of the industry's worst downturns as OPEC battles to agree on its first production cut since 2008.. OPEC has struggled to agree on a joint production freeze or cut to support oil prices before its Nov. 30...

  • *Most analysts expect OPEC- led cut to be agreed. SINGAPORE, Nov 24- Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC- led crude production cut and thin liquidity due to the U.S. OPEC is due to meet on Nov. 30 to coordinate a cut, potentially together with non- OPEC member Russia, but there is also disagreement within the producer cartel as...

  • TOKYO, Nov 24- Investment in new oil production is likely to fall for a third year in 2017 as a global supply glut persists, stoking volatility in crude markets, the head of the International Energy Agency said on Thursday. 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,...

  • *Most analysts expect OPEC- led cut to be agreed. SINGAPORE, Nov 24- Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC- led crude production cut and thin liquidity due to the U.S. OPEC is due to meet on Nov. 30 to coordinate a cut, potentially together with non- OPEC member Russia, but there is also disagreement within the producer cartel as...