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World Economy International Organizations

  • TOKYO, May 26- Japan's Nikkei share average extended losses as the yen's gains against the dollar accelerated on Friday, though the benchmark index still managed to cap off a winning week. Oil and mining shares fell, after oil prices skidded 5 percent on Thursday and continued to drop on Friday, after a meeting of OPEC countries disappointed some investors who had...

  • *Crude futures tumble after OPEC fails to deepen cuts. SINGAPORE, May 26- Oil prices weakened on Friday, prompting a move away from riskier assets and depressing Asian stocks, after an OPEC agreement to extend cuts in crude production for a further nine months disappointed investors who had bet on bigger output cuts. European stock markets look set for a muted...

  • *OPEC, other producers extend production cut to March 2018. SINGAPORE, May 26- Oil extended falls on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs. At Thursday's meeting in Vienna, the Organization of the Petroleum Exporting Countries and...

  • *Spot gold could test resistance at $1,264 per ounce- technicals. May 26- Gold prices held steady after dipping slightly earlier in the session on Friday as Asian stocks eased following an extension of output curbs by OPEC and other producing nations that left investors hoping for bigger cuts disappointed. Spot gold was up 0.1 percent at $1,257.01 per ounce U.S....

  • *OPEC, other producers extend production cut to March 2018. SINGAPORE, May 26- Oil extended falls on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs. At Thursday's meeting in Vienna, the Organization of the Petroleum Exporting Countries and...

  • *Asia stocks slip despite Wall Street scaling new highs. SINGAPORE, May 26- Crude prices were on the defensive on Friday after an agreement by OPEC to extend existing supply curbs disappointed investors wagering on larger cuts, prompting a move away from riskier assets and depressing Asian stocks. The Organization of Petroleum Exporting Countries and some non-...

  • SYDNEY, May 26- U.S. soybeans edged lower to hit a six-week low on Friday as weak oil prices were set to pressure the oilseed, which is used to make ethanol, towards a third straight weekly decline. *Commodity currencies got off to a shaky start on Friday, having tracked oil prices lower, after a meeting of OPEC countries disappointed some investors who had hoped for...

  • *OPEC, other producers extend production cut to March 2018. SINGAPORE, May 26- Oil markets remained weak on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs. At Thursday's meeting in Vienna, the Organization of the Petroleum Exporting...

  • May 26- Gold edged lower early Friday as the dollar steadied due to weakness in commodity currencies after an extension of output curbs by OPEC and other producing nations left investors hoping for bigger cuts disappointed. *Spot gold was down 0.2 percent at $1,253.10 per ounce by 0110 GMT. *OPEC and non-members led by Russia decided on Thursday to extend cuts in...

  • SINGAPORE, May 26- Commodity currencies got off to a shaky start on Friday, having tracked oil prices lower, after a meeting of OPEC countries disappointed some investors who had hoped for larger production cuts. Sterling slipped after an opinion poll showed that Britain's opposition Labour Party has cut the lead of Prime Minister Theresa May's Conservatives...

  • *Asia stocks slip despite Wall Street scaling new highs. SINGAPORE, May 26- Crude prices remained subdued early on Friday after an agreement by OPEC to extend existing supply curbs disappointed many who had hoped for larger cuts. The Organization of Petroleum Exporting Countries and some non- OPEC producers agreed at a meeting in Vienna on Thursday to extend...

  • COCHASQUI, Ecuador, May 25- Ecuador's new leftist president, Lenin Moreno, said on Thursday he had reached out to the World Bank- an organization scorned by his predecessor- in a bid for financing that could help him fund ambitious social programs. "We've started to reach out to the World Bank, it's an excellent source of financing," said Moreno, who was sworn in on...

  • TORONTO, May 25- Canada's main stock index dipped on Thursday as a plunge in oil prices weighed on energy shares, offsetting gains for industrials and financials after quarterly earnings from some major banks impressed investors. U.S. crude prices settled $2.46 lower at $48.90 a barrel after the Organization of the Petroleum Exporting Countries' decision to...

  • NEW YORK, May 25- Oil prices tumbled 5 percent on Thursday as the extension of output curbs by OPEC and other producing countries disappointed investors who had hoped for larger cuts, leading to the biggest daily percentage slide in crude prices since early March. At Thursday's meeting in Vienna, the Organization of the Petroleum Exporting Countries and some...

  • ROME/ MILAN, May 25- Italy's economy minister sought to reassure investors on Thursday that they will not be hit in a rescue of two ailing regional banks, Popolare di Vicenza and Veneto Banca, after fears of a full "bail-in" hit the lenders' debt. Italy has been seeking European Union approval for months to rescue the two banks based in the northeastern Veneto region...

  • *U.S. crude tumbles more than 5 pct after OPEC meeting. NEW YORK, May 25- U.S. stocks scaled fresh highs on Thursday after strong earnings reports from retailers, outpacing European shares which closed little changed, while oil prices plunged after top oil producers extended output cuts for a shorter period than expected. "The lack of fear, the complacency is...

  • BRUSSELS, May 25- A smiling Donald Trump offered European Union chiefs assurances on security in Brussels on Thursday but EU officials did not conceal lingering differences with the U.S. president over Russia, trade and climate change. "The leaders discussed... shared challenges in fighting global terrorism," the White House said in a statement.

  • *Output caps kept unchanged; Nigeria, Libya still exempt. VIENNA, May 25- OPEC and non-members led by Russia decided on Thursday to extend cuts in oil output by nine months to March 2018 as they battle a global glut of crude after seeing prices halve and revenues drop sharply in the past three years. Oil's earlier price decline, which started in 2014, forced Russia and...

  • BOGOTA, May 25- Colombia's economy has proved resilient despite the global fall in oil prices but should adopt OECD recommendations for reforms in everything from education to infrastructure, the OECD said in a report on Thursday. The Organization for Economic Co-operation and Development said solid macroeconomic policy and some tax reforms made Colombia "...

  • BOGOTA, May 25- Colombia's economy has proved resilient despite the global fall in oil prices but should adopt OECD recommendations for reforms in everything from education to infrastructure, the OECD said in a report on Thursday. The Organization for Economic Co-operation and Development said solid macroeconomic policy and some tax reforms made Colombia "...