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World Economy International Organizations

  • *Loss of majority may delay Brexit talks' June 19 start. BRUSSELS, June 9- European Union leaders fear Prime Minister Theresa May's shock loss of her majority in the snap British election will delay Brexit talks due to start this month and raise the risk of negotiations failing. Guenther Oettinger, the German member of the European Commission, said it was unclear if...

  • BRUSSELS, June 9- European Union leaders fear Prime Minister Theresa May's shock loss of her majority in the snap British election she called will delay Brexit talks due to start this month and raise the risk of negotiations failing. Guenther Oettinger, the German member of the European Commission, said it was unclear negotiations could be launched on Monday,...

  • *Brent down 12 pct since OPEC- led production cut extension. SINGAPORE, June 9- Oil prices stabilized on Friday following steep falls earlier this week, but they were still pressured by evidence of an ongoing fuel glut despite efforts led by OPEC to tighten the market by holding back production. It still puts Brent almost 12 percent below its opening level on May 25,...

  • *Brent down 12 pct since OPEC- led production cut extension. SINGAPORE, June 9- Oil prices continued to slide on Friday, adding to sharp declines from earlier this week as evidence mounted that a fuel supply overhang continued despite an ongoing effort led by OPEC to tighten the market by holding back production. That puts Brent 12 percent below its opening level on...

  • Soon afterward, carmaker Ford canceled a planned $1.6 billion plant in central Mexico, causing widespread alarm that Trump's interventions and threats to tear up the NAFTA trade agreement would lead to a collapse in investment in Mexico. But Fernando Turner, the economy minister of Nuevo Leon, said U.S. companies still were committed to the state and that there...

  • NEW YORK, June 8- Oil prices fell again on Thursday, with a sell-off continuing the day after data showed a surprise surge in U.S. crude inventories, and Brent settled at its lowest since Nov. 29, the eve of an OPEC production cut deal. "The market continues to be impatient with the OPEC and non OPEC cuts and is looking for more data world wide that inventories are indeed...

  • GENEVA, June 8- The world's highest court for resolving international trade disputes is clogged up with big and complex cases, and the congestion is unlikely to clear soon, its most senior member said in a speech on Thursday. Ujal Singh Bhatia, chairman of the Appellate Body of the World Trade Organization, said he and his six fellow appeals judges were already...

  • BRUSSELS, June 8- The European Union proposed new rules on Thursday to more effectively tackle alleged unfair competitive practices by foreign airlines as it seeks to ensure European carriers can withstand fierce competition overseas. Should the Commission find that the practices of a third country or airline are causing injury, or threat of injury, to...

  • BRUSSELS, June 8- The European Union proposed new rules on Thursday to more effectively tackle alleged unfair competitive practices by foreign airlines as it seeks to ensure European carriers can withstand fierce competition overseas. "We want to ensure that Europe remains a leader in international aviation, well connected to fast-growing markets, with...

  • WASHINGTON, June 8- The International Monetary Fund welcomed a decision by the European Central Bank on Thursday to keep interest rates unchanged, saying the bank's strategy had helped improve credit conditions and support a firm recovery of output.

  • Brent crude was flat at $48.06 a barrel by 1450 GMT, having touched an earlier low of $47.56, while U.S. crude futures were up 15 cents at $45.87 a barrel. The market has also come under pressure from news of rising output from Libya, which together with Nigeria is exempt from the production cut made by the Organization of the Petroleum Exporting Countries and its 11...

  • ECB'S REMOVAL OF POSSIBILITY OF FURTHER REDUCTIONS TO KEY POLICY INTEREST RATES REFLECTS DIMINISHING DEFLATION RISKS- IMF.

  • IMF SAYS ECB ACCOMODATIVE STANCE' IS IMPROVING' AND ASSURED BY ITS' CONTINUED COMMITMENT TO ENSURING A SUSTAINED ADJUSTMENT'.

  • BRUSSELS, June 8- Tax advisers in the European Union will be penalised for helping companies to set up schemes to cut their tax bills excessively by shifting profits to low-tax countries, under a draft law seen by Reuters. The measure, prepared by the EU executive, the European Commission, and still subject to changes, would force accounting firms such as...

  • LONDON, June 8- European Union plans to make it easier for companies to raise money from sources other than banks will get a "reboot" to compensate for the loss of London as a financial centre within the bloc. "As we face the departure of the largest EU financial centre, we committed to stepping up our efforts to further strengthen and integrate the EU capital markets,"...

  • Brent crude was down 26 cents at $47.80 a barrel by 1137 GMT, having touched an earlier high of $48.60, while U.S. crude futures fell 25 cents to $45.47 a barrel. The market has also come under pressure from news of rising output from Libya, which together with Nigeria is exempt from the production cut made by the Organization of the Petroleum Exporting Countries and...

  • Brent crude was up 43 cents by 0900 GMT at $48.49 a barrel, having fallen 4 percent the day before, while U.S. crude futures rose 38 cents to $46.10 a barrel. The market has also come under pressure from news of rising output from Libya, which together with Nigeria is exempt from the production cut made by the Organization of the Petroleum Exporting Countries and its...

  • BRUSSELS, June 8- The European Union wants to make it easier for law enforcement authorities to get electronic evidence directly from tech companies, such as Facebook Inc and Alphabet Inc's Google, even when stored in another European country. The European Commission will present three options to EU ministers which will form the basis of a future legislative...

  • **SERBIA- National Bank of Serbia interest rate decision. **NEW DELHI- Reserve Bank India Deputy Governor Viral Acharya and Chief Economic Adviser to the government of India Arvind Subramanian speaks at an Indian Council for Research on International Economic Relations two-day conference on G20 affairs in India. **BEIJING- California Governor Jerry Brown...

  • *Row with Qatar could weaken OPEC output cut pledges. Crude stocks in the United States grew 3.3 million barrels to 513 million barrels, according to the U.S. Energy Information Administration. These figures spell a setback to the joint effort by OPEC and some non- OPEC countries to curb their output, "said Abhishek Kumar, senior energy analyst at Interfax Energys...