World Economy International Organizations

  • *Fleetmatics jumps after Verizon's $2.4 bln buyout offer. Aug 1- The S&P 500 hit a record intraday high on Monday, led by tech stocks such as Apple and Google-parent Alphabet, but a drop in oil prices weighed on energy stocks. Oil prices fell about 2.3 percent due to an increase in OPEC production and U.S. oil rig additions.

  • BRASILIA, Aug 1- Brazil will wait for the U.S. International Trade Commission to rule on a Department of Commerce anti-dumping determination on its cold-rolled steel before appealing to the World Trade Organization, a senior Brazilian official said on Monday. The Commerce Department said last week that Brazilian cold-rolled steel was being subsidized by...

  • LONDON, Aug 1- Are you a finance expert with a proven record of negotiating big deals? The British government advertised on Monday for an experienced dealmaker to help forge a new relationship between its financial services industry and the European Union. "The role will include a significant element of international travel to conduct negotiations and build...

  • *Fleetmatics jumps after Verizon's $2.4 bln buyout offer. Aug 1- U.S. stocks were slightly lower on Monday as a drop in oil prices weighed on energy stocks. Oil prices fell 1.9 percent due to increases in OPEC production and U.S. oil rig additions.

  • DUBLIN, Aug 1- Surprisingly poor EU stress test results have been a reminder that Irish banks need a few more years of strong economic growth to complete their post-crisis rehabilitation, a prospect Brexit may complicate. Nevertheless the tests represent a speedbump to a sector the International Monetary Fund said last week had strengthened significantly...

  • LONDON, Aug 1- Oil prices fell on Monday, reversing earlier gains, as increases in OPEC production and U.S. oil rig additions continued to weigh on the market. Brent crude was down $0.37 at $43.16 a barrel at 1200 GMT from the previous settlement, after reaching an intra-day high of $43.85 in earlier trade. "Reuters data shows yet another increase in OPEC production,...

  • LONDON, Aug 1- Oil prices fell on Monday, reversing earlier gains, as increases in OPEC production and U.S. oil rig additions continued to weigh on the market. Brent crude was down $0.37 at $43.16 a barrel at 1200 GMT from the previous settlement, after reaching an intra-day high of $43.85 in earlier trade. "Reuters data shows yet another increase in OPEC production,...

  • LONDON, Aug 1- Oil fell on Monday morning, reversing earlier gains, as increases in OPEC production and U.S. oil rig additions continued to weigh on the market. Brent crude was down $0.44 at $43.09 a barrel at 0854 GMT from the previous settlement, after reaching an intra-day high of $43.85 in earlier trade. "Reuters data shows yet another increase in OPEC production,...

  • SINGAPORE, Aug 1- Oil prices started August trading with fresh falls on Monday after several bearish reports, including rising output from OPEC, a rise in U.S. drilling and weak economic data from Asia. Brent crude futures were trading at $43.46 per barrel at 0126 GMT, down 7 cents from their last close in July, when they already lost 12 percent over the month.

  • SEOUL, Aug 1- South Korean exports to China, the U.S. and the European Union all fell in July compared to a year before, breakdowns from the trade ministry showed on Monday. Exports to China dropped 9.3 percent on-year, nearly unchanged from a 9.4 percent fall in June in a 13th straight month of declines. Shipments to the European Union fell for a fourth straight month...

  • LONDON, July 29- Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy. "While a number of individual banks have clearly fared badly, the overall finding of the European Banking Authority- that...

  • LONDON, July 29- Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy. "While a number of individual banks have clearly fared badly, the overall finding of the European Banking Authority- that...

  • LONDON, July 29- Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy. "While a number of individual banks have clearly fared badly, the overall finding of the European Banking Authority- that...

  • LONDON, July 29- Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy. Italy's Monte dei Paschi, Austria's Raiffeisen, Spain's Banco Popular and two of Ireland's main banks came out with the...

  • LONDON, July 29- Monte dei Paschi, Raiffeisen, Banco Popular and two of Ireland's main banks came out worst in a European Union stress test aimed at cleaning up balance sheets to boost the flow of credit to the bloc's economy. The European Banking Authority which coordinated the test of 51 lenders from across the bloc said the results showed there was still more...

  • *OPEC supply rises by 100,000 bpd to 33.41 million bpd. *Gabon return boosts absolute level of OPEC supply. LONDON, July 29- OPEC's oil output is likely in July to reach its highest in recent history, a Reuters survey found on Friday, as Iraq pumps more and Nigeria manages to export additional crude despite militant attacks on oil installations.

  • July 29- The following table shows OPEC crude oil output in millions of barrels per day in July and June, according to a Reuters survey published on Friday. OPEC has no supply target, having in December 2015 scrapped its output ceiling of 30 million bpd, which it had been exceeding for months. Gabon is included in the survey for the first time after it rejoined OPEC on...

  • *They say Russia targets softer southern/eastern EU states. MOSCOW, July 29- Vladimir Putin will step up Russia's campaign to end European Union sanctions with a visit to Slovenia on Saturday, encouraged by signs his tactic of lobbying what he views as more pliant southern and eastern European states is starting to pay off. Combined with American and Group of...

  • BRUSSELS, July 29- Economic growth in the euro zone slowed in the second quarter as uncertainty before the British vote to leave the European Union swirled, data showed on Friday, and economists said it could be a sign of future weaker growth. "The third quarter started on a good footing, but it is probably too soon to start downplaying the potential negative impact...

  • *World Bank No. 2 returns to Indonesia after six years. JAKARTA, July 29- Six years after bowing out of a bruising battle to make Indonesian tycoons pay taxes, new Finance Minister Sri Mulyani Indrawati is back to finish what she started- this time with the full backing of reformist President Joko Widodo. But Indrawati, who was ranked number 37 on the Forbes list of the...