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World Economy International Organizations

  • PARIS, June 21- Military conflicts and growing threats around the world continue to underpin demand for weapons, but industry and government leaders from the United States, Europe, Russia and the Middle East say they don't see a huge near-term spike in arms orders. But they caution that foreign arms sales take years to complete, and NATO governments must get...

  • *Chinese investment in EU surged in 2016; flows to China fell. Berlin, Paris and Rome are upset that the European Commission, the bloc's competition regulator, approved China's purchase of Syngenta, Beijing's biggest overseas sale to date, at a time when China maintains restrictions on foreign investment. Chinese direct investment in the European Union jumped...

  • LONDON— Oil prices fell further Wednesday, with the international benchmark for crude sliding below $45 a barrel. The recent drop in price indicates that efforts by OPEC and 10 other oil-producing countries to cut their production to reduce a supply glut and push prices higher are falling short. While Russia, Saudi Arabia and other nations involved in the deal...

  • *Oil prices have fallen 20 pct this year. June 21- U.S. stocks opened higher on Wednesday as healthcare stocks rose and oil prices steadied but gains were limited as the commodity continued to hover near seven-month lows. Brent crude pared early losses to trade slightly lower at $45.90, while U.S. crude was marginally up at $43.53 after Iran's oil minister said OPEC...

  • *Asia, Europe shares stumble as energy, bank stocks fall. Signs of a growing glut of supply sent Brent crude futures skidding back to $45.50 a barrel before talk of more OPEC cuts halted the slide and steadied government debt yields and Wall Street futures prices. Poorly performing banking stocks continued to hold down Europe's main markets in London, Paris and...

  • BRUSSELS, June 21- Tax advisers in the European Union risk fines for helping companies to cut their tax bills by shifting profits to low-tax countries, if proposed new EU legislation gets approval. Under the draft law, proposed by the European Commission on Wednesday, tax advisers including the Big Four accounting firms, banks and lawyers, would be required to...

  • LONDON, June 21- Oil steadied on Wednesday, paring earlier losses, but was set for its largest price slide in the first half of any year for the past two decades, as investors discounted evidence of strong compliance by major producers with a deal to cut global output. August Brent crude futures were flat at $46.02 a barrel by 1107 GMT, having fallen earlier to...

  • LONDON, June 21- Saudi Arabia's King Salman made his son, Mohammed bin Salman, next in line to the throne on Wednesday, handing the 31- year-old sweeping powers as the kingdom seeks a radical overhaul of its oil-dependent economy. Below are analysts' views on what the promotion of Prince Mohammed, also known by the acronym MBS, means for Saudi oil policies and OPEC.

  • LONDON, June 21- Oil steadied on Wednesday, paring earlier losses, but was set for its largest price slide in the first half of any year for the past two decades, as investors discounted evidence of strong compliance by major producers with a deal to cut global output. August Brent crude futures were flat at $46.02 a barrel by 1107 GMT, having fallen earlier to...

  • *Oil has lost 20 percent in value this year as investors discount evidence of strong compliance by OPEC and non- OPEC producers with a deal to cut global output. *Dallas and Chicago Fed chiefs Robert Kaplan and Charles Evans expressed concerns regarding weak inflation, which remains stubbornly below the central bank's 2 percent target. *However, Boston Fed head...

  • LONDON, June 21- Crude prices are likely to remain under pressure until there are signs the number of rigs drilling for oil in the United States is stabilising or reversing lower. Experience suggests the Organization of the Petroleum Exporting Countries and its non- OPEC allies led by Russia will eventually respond by increasing their own output to protect...

  • BRUSSELS, June 21- Europe is slowly turning a corner as a wave of anti- European Union movements peters out, Donald Tusk told EU leaders in a letter published before he will chair their two-day summit starting on Thursday. Countries including Austria, the Netherlands, France and Italy have seen a sharp rise in popularity of parties with eurosceptic, often...

  • TOKYO, June 21- Japan and the European Union are nearing a broad agreement on a free trade pact, Japanese Foreign Minister Fumio Kishida and a senior EU trade official agreed on Wednesday, the foreign ministry said. Japan and the European Union have been negotiating an Economic Partnership Agreement since 2013 to promote trade and investment by eliminating...

  • LONDON, June 21- Oil fell to seven-month lows on Wednesday, set for its largest price slide in the first half of any year for the past two decades, as investors discounted evidence of strong compliance by OPEC and non- OPEC producers with a deal to cut global output. August Brent crude futures were down 12 cents at $45.85 a barrel by 0838 GMT, after falling nearly 2...

  • *Sterling slips on political uncertainty in UK. Oil prices held near multi-month lows on Wednesday as investors discounted evidence of strong compliance by OPEC and non- OPEC oil producers with a deal to cut global output. It moved further away from a 3-1/ 2- month high of C $1.3165 reached a week ago after Bank of Canada's governor expressed support for an...

  • TOKYO, June 21- Oil prices held near multi-month lows on Wednesday as investors discounted evidence of strong compliance by OPEC and non- OPEC oil producers with a deal to cut a global output. U.S. crude futures for August were trading up 4 cents at $43.55, after spending much of the day slightly lower and falling more than 2 percent on Tuesday to the lowest since...

  • TOKYO, June 21- Oil prices dipped on Wednesday, trading around multi-month lows as investors discounted evidence of strong compliance by OPEC and non- OPEC oil producers with a deal to cut global output. Global benchmark Brent was down 11 cents, or 0.2 percent, at $45.91 barrel at 0345 GMT after falling nearly 2 percent in the previous session to its lowest...

  • *Spot gold had risen 0.2 percent to $1,245.30 per ounce by 0038 GMT, after dropping as far as $1,241 in the previous session. Oil fell about 2 percent on Tuesday, with Brent settling at seven-month lows and U.S. crude at its cheapest level since September, after increased supply from several key producers overshadowed high compliance by OPEC and non- OPEC oil...

  • TOKYO, June 21- Oil prices held around multi-month lows in early Asian trading on Wednesday as investors discounted evidence of strong compliance by OPEC and non- OPEC oil producers with a deal to cut global output. Brent was down 6 cents at $45.96 barrel at 0035 GMT. U.S. crude futures for August were trading down 3 cents at $43.48.

  • NEW YORK— A United Nations economist has been arrested in New York on fraud charges related to his hiring of a domestic worker. Hamidur Rashid was charged Tuesday in federal court. Prosecutors say Rashid paid the worker well below what he reported to the Department of State and the U.N.