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World Economy International Organizations

  • *OPEC supplies remain high despite curbs. *But AB Bernstein says OPEC cuts are about to bite. SINGAPORE, March 20- Oil prices fell on Monday, with already-bloated markets pressured by rising U.S. drilling activity and steady supplies from OPEC countries despite touted production cuts.

  • *OPEC supplies also remain high despite cuts. *But AB Bernstein says OPEC cuts are about to bite. SINGAPORE, March 20- Oil prices fell on Monday as rising U.S. drilling activity and steady supplies from OPEC countries despite touted production cuts pressured already-bloated markets.

  • *OPEC supplies also remain high despite cuts. *But AB Bernstein says OPEC cuts are about to bite. SINGAPORE, March 20- Oil prices fell on Monday as rising U.S. drilling activity and steady supplies from OPEC countries despite touted production cuts pressured already-bloated markets.

  • Both called for a free trade deal to be reached quickly between Japan and the European Union, in comments made after G20 finance ministers and central bankers dropped a long-standing mention of open trade in their final communique after a two-day meeting in Germany. "In times when we have to argue with many about free trade, open borders and democratic values,...

  • HANOVER, Germany, March 19- Japanese Prime Minister Shinzo Abe said on Sunday that the European Union and Japan should soon reach an economic deal, and stressed the importance of free trade to his country. "We must conclude an economic partnership agreement between Japan and the EU at an early time," Abe said at the opening of the CeBIT technology fair in Hanover,...

  • SYDNEY, March 20- The dollar index was steady at 100.31 in quiet early trade on Monday after a meeting of the financial leaders of the world's biggest economies in Germany over the weekend. The Australian dollar held at $0.7687, down 0.16 percent. G20 finance ministers and central bankers dropped a pledge to keep global trade free and open, acquiescing to an...

  • SYDNEY, March 20- The dollar index was steady at 100.31 in quiet early trade on Monday after a meeting of the financial leaders of the world's biggest economies in Germany over the weekend. The Australian dollar held at $0.7687, down 0.16 percent. G20 finance ministers and central bankers dropped a pledge to keep global trade free and open, acquiescing to an...

  • BOSASSO, March 19- Somali officials whose forces freed a hijacked oil tanker and its eight Sri Lankan crew said on Sunday that NATO ships must do more to prevent the illegal fishing that locals say sparked the latest attack. "We requested NATO warships to tackle the illegal fishing, but they replied it was not their mandate," Abdihakim Abdullahi Omar, the vice...

  • BERLIN, March 19- Finance leaders of the world's top economies have agreed to review banking rules, but this does not automatically mean hard-fought financial market regulation will be rolled back, Bundesbank President Jens Weidmann told Reuters on Sunday. The new U.S. administration has argued that excessive bank regulation is holding back lending and...

  • KIEV, March 19- The International Monetary Fund has postponed a decision to disburse more aid to Ukraine in order to assess the impact of an economic blockade Kiev imposed on separatist-held territory, the IMF and Ukrainian authorities said on Sunday. The IMF's Executive Board was due to meet on Monday to approve more assistance as part of a $17.5 billion...

  • German Defense Minister Ursula von der Leyen rejected Trump's claim that Germany owes NATO and the United States "vast sums" of money for defense.

  • President Donald Trump's claim that Germany owes NATO and the United States "vast sums" of money for defence. "There is no debt account at NATO," von der Leyen said in a statement, adding that it was wrong to link the alliance's target for members to spend 2 percent of their economic output on defence by 2024 solely to NATO. Trump said on Twitter on Saturday- a day after...

  • President Donald Trump's claim that Germany owes NATO and the United States "vast sums" of money for defense. "There is no debt account at NATO," von der Leyen said in a statement, adding that it was wrong to link the alliance's target for members to spend 2 percent of their economic output on defense by 2024 solely to NATO. Trump said on Twitter on Saturday- a day after...

  • *Defeat for G20 host Germany, setback for G20 process. BADEN-BADEN, March 19- The failure of the world's financial leaders to agree on resisting protectionism and support free trade marks a setback in the G20 process and poses a risk for growth of export-driven economies such as host Germany, economists said on Sunday. "This is particularly true in the light of the...

  • By Balazs Koranyi and Gernot Heller. BADEN BADEN, Germany, March 18- Financial leaders of the world's biggest economies dropped a pledge to keep global trade free and open, acquiescing to an increasingly protectionist United States after a two-day meeting failed to yield a compromise. Breaking a decade-long tradition of endorsing open trade, G20 finance...

  • *Call for framework to reap open markets benefits. BADEN-BADEN, Germany, March 18- The world's financial leaders adopted a list of principles on Saturday to boost the resilience of their economies against future shocks, including the advice to strengthen policy frameworks to reap the benefits of open markets. "The risks for the global economy continue to...

  • *Makes only token statement on trade. BADEN BADEN, Germany, March 18- Financial leaders of the world's biggest economies dropped a pledge to keep global trade free and open, acquiescing to an increasingly protectionist Unites States after a two-day meeting failed to yield a compromise. Breaking a decade-long tradition of endorsing open trade, G20 finance...

  • BEIJING, March 18- Chinese central bank governor Zhou Xiaochuan said China's growth prospects have improved and that the country is focused on the structural adjustment of its economy. Zhou was speaking to other central bank governors and finance ministers from the so-called BRICS countries in Baden-Baden, Germany, during G20 meetings, according to a post on...

  • BADEN BADEN, Germany, March 18- The world's financial leaders failed to reach a compromise deal to endorse free trade on Saturday, backtracking on past commitments to keep trade open and reject protectionism, the communique of G20 finance ministers and central bankers showed. Making only a token reference for the need to strengthen the contribution of trade to...

  • BADEN BADEN, Germany, March 18- The world's financial leaders are unlikely to endorse free trade and reject protectionism in their communique on Saturday because they have been unable to find a wording that would suit a more protectionist United States, G20 officials said. But the new administration in the United States is considering trade measures to curb...