×

World Economy International Organizations

  • LONDON, March 14- Prime Minister Theresa May has won the right to launch divorce proceedings with the European Union and begin two years of talks that will shape the future of Britain and Europe. May, who was appointed prime minister shortly after Britain voted to leave the EU in June, faced down attempts in both the lower and upper houses of parliament to add...

  • *Goldman maintains Q2 WTI forecast of $57.50/ bbl. *Russian oil major says U.S. shale growth imperils OPEC deal. NEW YORK, March 13- Oil prices settled a few cents lower on Monday, retracing much of an early retreat to three-month lows in a steep slide that began last week as investors wondered whether swelling U.S. crude supplies would hinder OPEC's efforts to...

  • *Russian oil major says U.S. shale growth imperils OPEC deal. NEW YORK, March 13- Oil prices were steady to soft after touching three-month lows on Monday, testing a slide that began last week when the market became less optimistic that OPEC's efforts to restrict output would reduce a global oil glut amid swelling U.S. supplies. Brent crude futures fell 6 cents to...

  • MOSCOW, March 13- Kazakhstan's oil production in February exceeded its agreed limit under an OPEC- led deal to cut output and support prices, official Kazakh data showed on Monday. Kazakhstan's energy minister has said his country, which is not an OPEC member, would cut output by 20,000 bpd from the 1.7 million bpd it produced in November. In January, Kazakhstan...

  • BRUSSELS/ BERLIN, March 13- European Union finance ministers will tell a G20 meeting this week that they will resist protectionism and that regulation introduced after the 2008 financial crisis must be kept in place. A document prepared by the EU ministers, which appears aimed at the United States, sets out the position of all European delegations to the G20...

  • *Russian oil major says U.S. shale growth imperils OPEC deal. NEW YORK, March 13- Oil hovered around three-month lows on Monday, as rising inventories and drilling activity in the United States, the world's top energy consumer, offset optimism over OPEC's efforts to restrict crude output and reduce a global glut. Brent crude futures fell 7 cents to $51.30 a barrel by...

  • *NATO books first increase in defence spending vs GDP since 2009. Trump made NATO states in Europe nervous when he criticised the alliance as "obsolete" during election campaign and then went on to suggest he could make U.S. commitment to their security conditional on them meeting the alliance's target of defence spending at two percent of their economic output.

  • BRUSSELS, March 13- German engineering company Siemens and Spain's Gamesa have won unconditional antitrust approval from the European Union to create the world's biggest maker of wind turbines, the EU's competition regulator said on Monday. "The Commission found that the transaction raises no competition concerns because a number of credible competitors...

  • BRUSSELS, March 13- European Union finance ministers will tell a G20 meeting this week that they will resist protectionism and that financial rules introduced after the 2008 crisis must be kept in place. A document prepared by the EU ministers, which appears aimed at the United States, sets out the position of all European delegations for the G20 gathering of...

  • BERLIN, March 13- Plans to overhaul the U.S. tax code will be debate by G20 finance ministers and central bankers at their meeting in Germany this week, a senior German official said on Monday. Germany wants the meeting March 17-18 in Baden-Baden to focus on strengthening economic resilience, mastering challenges of digitisation and helping African countries,...

  • *Rosneft sees "significant risk" OPEC won't extend cuts. MOSCOW, March 13- A recovery in U.S. oil output may deter OPEC and non- OPEC producers from extending production cuts beyond June and might lead to a new price war, Russia's top oil major said on Monday. Russia agreed to join OPEC supply curbs late last year despite initial opposition from Rosneft's boss Igor...

  • LONDON, March 13- Private equity firm Blackstone is among a number of financial services companies to have chosen Luxembourg as the site for a European Union subsidiary following Britain's vote to leave the EU, the head of Luxembourg's financial development agency said. Blackstone is among three or four private equity firms that have picked Luxembourg over...

  • *NATO books first increase in defence spending vs GDP since 2009. Trump made NATO states in Europe nervous when he criticised the alliance as "obsolete" during election campaign and then went on to suggest he could make U.S. commitment to their security conditional on them meeting the alliance's target of defence spending at two percent of their economic output.

  • *NATO books first increase in defence spending vs GDP since 2009. Trump made NATO states in Europe nervous when he criticised the alliance as "obsolete" during election campaign and then went on to suggest he could make U.S. commitment to their security conditional on them meeting the alliance's target of defence spending at two percent of their economic output.

  • BRUSSELS, March 13- European officials will tell the world's financial leaders this week that they will resist protectionism and that financial rules introduced after the 2008 crisis must be kept, a document said in remarks that appeared aimed at the United States. The paper, prepared by European Union finance ministers, sets out the position for all European...

  • BRUSSELS, March 13- European officials will tell the world's financial leaders this week that they will resist protectionism and that financial rules introduced after the 2008 crisis must be kept, a document said in remarks that appeared aimed at the United States. The paper, prepared by European Union finance ministers, sets out the position for all European...

  • BRUSSELS, March 13- European officials will tell the world's financial leaders this week that they will resist protectionism and that financial rules introduced after the 2008 crisis must be kept, a document said in remarks that appeared aimed at the United States. The paper, prepared by European Union finance ministers, sets out the position for all European...

  • BRUSSELS, March 13- European officials will tell the world's financial leaders this week that they will resist protectionism and that financial rules introduced after the 2008 crisis must be kept, a document said in remarks that appeared aimed at the United States. The paper, prepared by European Union finance ministers, sets out the position for all European...

  • BERLIN, March 13- A proposal to overhaul the U.S. tax code that favors exports over imports could have spillover effects to other economies as it would strengthen the dollar, International Monetary Fund chief economist Maurice Obstfeld said on Monday. Asked about the European Central Bank's ultra-loose monetary policy, which some conservative policymakers...

  • SEOUL, March 13- Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs. Brent crude was down 11 cents, or 0.21 percent, at $51.26 per barrel by 0755 GMT, its lowest since Nov. 30. West Texas Intermediate crude declined 19 cents, or 0.39 percent, to $48.30 a barrel, also the lowest...