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World Economy International Organizations

  • BRUSSELS— The European Union and Japan have pledged to get to a free trade at the earliest possible opportunity, with EU Commission President Jean-Claude Juncker saying it should be used as a beacon against isolationism. As they met for bilateral talks, Japanese Prime Minister Shinzo Abe said he was targeting a deal "at the earliest possible date," while Juncker...

  • BRASILIA, March 21- Brazil's Trade Minister Marcos Pereira said on Tuesday that the problem of a corruption scandal uncovered at a few Brazilian meatpackers will not be discussed at this week's meeting of European Union negotiators with the Mercosur trade bloc in Buenos Aires. The European Union curtailed meat imports from Brazil on Monday after police...

  • LONDON, March 21- Oil prices rose on Tuesday, helped by expectations that an OPEC- led output cut would be extended beyond June but gains were pegged back by concerns about persistently high crude inventories. The Organization of the Petroleum Exporting Countries and some non- OPEC producers agreed to curb production from Jan. 1 by 1.8 million barrels per day for...

  • BRUSSELS— Once Britain decides to trigger divorce proceedings next week, the 27 other European Union nations will be taking a month to decide on the negotiating framework to achieve the best-possible split-up for the bloc. EU Council President Donald Tusk said Tuesday that the aim will be to "do everything we can to make the process of divorce the least painful...

  • BRUSSELS— Austria's finance minister says a decision on whether a group of European countries can go ahead with plans for a tax on financial transactions will be made in May. Hans Joerg Schelling said as he arrived at a meeting with European Union counterparts on Tuesday that the future of the project depends on whether Belgium and Slovakia stay on board.

  • *Oil prices rise on OPEC talk. LONDON, March 21- The euro climbed to six-week highs and French bonds and stocks rallied on Tuesday after centrist Emmanuel Macron's performance in a television debate raised expectations he would win France's presidential election over the far-right's Marine Le Pen. Oil prices rallied almost 1 percent on talk that OPEC could...

  • LONDON, March 21- Oil prices climbed on Tuesday, helped by expectations that an OPEC- led output cut would be extended beyond June but gains were pegged back by concerns about persistently high crude inventories. The Organization of the Petroleum Exporting Countries and some non- OPEC producers agreed to cut production from Jan. 1 by 1.8 million barrels per day...

  • BRUSSELS, March 21- European Union finance ministers expressed concern on Tuesday over the future of free trade after what one of them called a "surreal" meeting of finance chiefs of the world's 20 biggest economies at the weekend. Breaking a decade-long tradition of endorsing open trade, G20 finance ministers and central bankers made only a token reference to...

  • BEIJING, March 21- The World Bank's newly appointed chief executive gave a spirited defence of globalisation during her first official visit to China, saying it had helped richer and poorer countries, and economic integration made it hard for any nation to walk away. Kristalina Georgieva, a Bulgarian who took up her post at the multilateral development lender...

  • BEIJING, March 21- The World Bank's newly appointed chief executive gave a spirited defense of globalization during her first official visit to China, saying it had helped richer and poorer countries, and economic integration made it hard for any nation to walk away. Kristalina Georgieva, a Bulgarian who took up her post at the multilateral development lender...

  • *OPEC- led production cut was planned only for H1 2017. SINGAPORE, March 21- Oil prices rose on Tuesday on expectations that an OPEC- led production cut to prop up the market could be extended, while strong demand would also work to slowly erode a global fuel supply overhang. To halt the decline, OPEC members increasingly favor extending the pact beyond June to balance...

  • BEIJING, March 21- China's economic growth is likely to slow to 6.5 percent this year and cool further to 6.3 percent in 2018, the OECD said, though exports are set to pick up as global demand strengthens. The Organisation for Economic Co-operation and Development also warned of China's ballooning corporate debt in its bi-annual economic outlook report...

  • *OPEC- led production cut was planned only for H1 2017. SINGAPORE, March 21- Oil prices rose on Tuesday on expectations that an OPEC- led production cut to prop up the market could be extended, while strong demand would also work to slowly erode a global fuel supply overhang. To halt the decline, OPEC members increasingly favor extending the pact beyond June to balance...

  • *OPEC- led production cut was planned only for H1 2017. SINGAPORE, March 21- Oil prices rose early on Tuesday on expectations that an OPEC- led production cut to prop up the market could be extended, and as strong demand was seen to slowly erode a global fuel supply overhang. To halt the decline, OPEC members increasingly favour extending the pact beyond June to balance...

  • SAO PAULO/ BEIJING, March 20- China and the European Union curtailed meat imports from Brazil on Monday after police, in an anti-corruption probe criticized by the government as alarmist, accused inspectors in the world's biggest exporter of beef and poultry of taking bribes to allow sales of rotten and salmonella-tainted meats. As the scandal deepened,...

  • CARACAS, March 20- Venezuela has charged the presidents of two subcontractors with corruption for overbilling in equipment sales at the OPEC country's main oil-exporting port, the public prosecutor's office said on Monday. The presidents of Venezuela- based Castillo Max and Guevara Training, Miguel Castillo and Hernan Guevara respectively, have been...

  • Economic policymakers of the 20 rich nations, meeting in Germany over the weekend, dropped a former undertaking to avoid all forms of protectionism from their final communique, substituting only a watered-down phrasing that they are working to strengthen the contribution of trade to our economies. The G20 finance ministers dont have direct responsibility...

  • *OPEC leans towards cut extension but need non-members- sources. *Oil surges on talk of support from OPEC, but gains fleeting. NEW YORK, March 20- Oil prices slipped on Monday, despite news that OPEC was supportive of extending a six-month deal to cut output as investors continue to grapple with worries about growing U.S. oil output and high inventories.

  • WORLD BANK DISBURSES SECOND $1 BILLION TRENCH TO EGYPT FROM $3 BILLION LOAN PROGRAM- STATEMENT.

  • SAO PAULO/ BEIJING, March 20- Fallout from a corruption scandal in Brazil's massive meat industry spread on Monday, with China and South Korea suspending some imports and the European Union mulling action, hitting shares of the world biggest poultry producer BRF SA. China, which accounted for nearly one-third of the Brazilian industry's $13.9 billion in...