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World Economy International Organizations

  • *Russia oil production to reach record high in 2017- Reuters poll. *Rising U.S. production seen offsetting OPEC cuts- U.S. NEW YORK, Jan 17- Oil prices were little changed on Tuesday as a decline in the U.S. dollar and comments by Saudi Arabia that it would adhere to OPEC's commitment to cut output.

  • *Britain to leave single market, customs union. *Cautions EU against punishing Britain. LONDON, Jan 17- Britain will quit the EU single market when it leaves the European Union, Prime Minister Theresa May said on Tuesday in a decisive speech that set a course for a clean break with the world's largest trading bloc.

  • *Russia oil production to reach record high in 2017- Reuters poll. *Rising U.S. production seen offsetting OPEC cuts- U.S. NEW YORK, Jan 17- Oil prices edged higher on Tuesday propped up by a decline in the U.S. dollar and comments by Saudi Arabia that it would adhere to OPEC's commitment to cut output.

  • FRANKFURT, Jan 17- Germany and the European Central Bank are pushing harder for Deutsche Boerse and the London Stock Exchange to give Frankfurt a greater role once they merge, now Britain is leaving the European Union, people involved said. As it stands, London is due to be the home of the main holding company of the merged exchanges and the joint board would also be...

  • MOSCOW, Jan 17- Moldova may scrap a trade agreement with the European Union after the country's next parliamentary election, President Igor Dodon said on Tuesday during his first state visit to Russia. Speaking in Moscow at a news conference with Russian President Vladimir Putin, Dodon said it was "curious" that Moldova's trade turnover with the EU had wilted...

  • *Britain to leave single market, customs union. *Cautions EU against punishing Britain. LONDON, Jan 17- Britain will quit the EU single market when it leaves the European Union, Prime Minister Theresa May said on Tuesday, in a decisive speech that set a course for a clean break with the world's largest trading bloc.

  • *Russia oil production to reach record high in 2017- Reuters poll. *Rising U.S. production seen offsetting OPEC cuts- U.S. NEW YORK, Jan 17- Oil prices were little changed on Tuesday as forecasts for record production out of Russia in 2017 helped offset earlier gains related to a decline in the U.S. dollar and Saudi Arabia saying it would adhere to OPEC's commitment to...

  • *British PM pledges parliamentary vote on Brexit. LONDON, Jan 17- Euro zone bond yields bounced off two-week lows on Tuesday after Britain said it would hold a parliamentary vote on the terms of its exit from the European Union and focus shifted to a European Central Bank meeting that could shed light on divisions among policymakers. British Prime Minister...

  • *Moldova is Europe's poorest country. MOSCOW, Jan 17- Moldova may scrap a trade agreement with the European Union after the country's next parliamentary elections, Moldovan President Igor Dodon said on Tuesday during his first state visit to Russia. Speaking in Moscow at a news conference with Russian President Vladimir Putin, Dodon said it was "curious" that...

  • *Iraq's share of OPEC production cut is 210,000 bpd. *Export data points to steady shipments from northern Iraq. LONDON, Jan 17- Oil exports from Iraq's southern terminals have fallen so far in January, according to loading data and an industry source, a sign that OPEC's second-largest producer is following through on the group's decision to cut output.

  • *Rising U.S. production seen offsetting OPEC cuts. LONDON, Jan 17- Oil prices rose on Tuesday, supported by a falling U.S. dollar and Saudi Arabia saying it would adhere to OPEC's commitment to cut output. Brent crude futures, the international benchmark for oil prices, were up 76 cents at $56.52 a barrel by 1451 GMT, having risen earlier by more than $1 to a session high...

  • *Production cuts deal with OPEC expires end-June. The Organization of the Petroleum Exporting Countries and other oil producers, led by Russia, agreed last month to cut their oil output during the first six months of the year to prop up prices. Russia, among the world's biggest oil producers, plans to reduce output by 200,000 barrels per day in the first quarter and...

  • BERLIN, Jan 17- Germany's foreign minister on Tuesday welcomed the "little bit more clarity" British Prime Minister Theresa May provided on what kind of Brexit Britain wants and said it was good she made clear she wanted to work constructively with the European Union. "She emphasized that Great Britain is seeking a positive and constructive partnership,...

  • MOSCOW, Jan 17- Moldova may scrap a trade agreement with the European Union after the country's next parliamentary elections, Moldova's President Igor Dodon said on Tuesday.

  • *Rising U.S. production seen offsetting OPEC cuts. LONDON, Jan 17- Oil prices rose on Tuesday, supported by a falling U.S. dollar and Saudi Arabia saying it would adhere to OPEC's commitment to cut output. Brent crude futures, the international benchmark for oil prices, were up 66 cents at $56.52 a barrel by 1304 GMT.

  • *UK PM May unveils Brexit plans. *May to say UK to seek no partial membership of EU. LONDON, Jan 17- Britain will leave the EU's single market when it exits the European Union, Prime Minister Theresa May said on Tuesday, putting an end to speculation that London might try to seek a "soft Brexit."

  • LONDON, Jan 17- Britain will do whatever it takes to maintain competitiveness if the European Union refuses to agree a "sensible" trade deal after the country leaves the bloc, British finance minister Philip Hammond said on Tuesday. "Britain wants to remain in the European mainstream with its economic and social model, but that can only happen if we get a sensible...

  • NAIROBI, Jan 17- Kenya's economy will expand by 6 percent this year, a senior Treasury official said on Tuesday, brushing off concerns outside government that sluggish credit lending and investor uncertainty ahead of a presidential election would slow growth. On Monday the International Monetary Fund cautioned that growth was likely to decelerate this year...

  • LONDON, Jan 17- Citigroup has hired former British foreign minister William Hague to be a senior adviser to the Wall Street bank, as Britain prepares to negotiate its exit from the European Union. Hague, who also served as the leader of the Conservative Party in Britain, quit frontline politics in the 2015 General Election but was voiced support for Britain to stay...

  • *Rising U.S. production seen offsetting OPEC cuts. LONDON, Jan 17- Oil prices rose on Tuesday, supported by a falling U.S. dollar and Saudi Arabia saying it would adhere to OPEC's commitment to cut output. Brent crude futures, the international benchmark for oil prices, were up 77 cents at $56.63 per barrel at 1020 GMT.