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World Economy International Organizations

  • BRUSSELS, Jan 13- The European Union and the United States agreed on Friday to reduce legal and capital barriers to boost the $3 billion transatlantic insurance and reinsurance market. The deal paves the way for EU companies to increase their market share in the United States and for US companies to sell their policies more easily in the 28 European Union...

  • ABU DHABI, Jan 13- OPEC's Secretary-General has confidence in the commitment of oil producers who agreed to an output cut deal last month to ease a global glut that has depressed crude prices and hurt exporting countries' revenues. And Iraq, OPEC's second-largest producer, said it too had reduced production and exports and it was fully committed to the agreement.

  • *Many analysts expect OPEC cut compliance of 50-80 pct. NEW YORK, Jan 13- Oil prices fell on Friday and were on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the economic health of the world's second-largest oil consumer, China, after it reported the steepest falls in overall exports since 2009..

  • *OPEC compliance peaked at 80 pct during cut in 2009- IEA. LONDON/ ABU DHABI, Jan 13- OPEC is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had committed to, OPEC delegates say, but compliance of 80 percent would be good and as low as 50 percent acceptable. OPEC and the independent producers are cutting...

  • *Many analysts expect OPEC cut compliance of 50-80 pct. NEW YORK, Jan 13- Oil prices fell on Friday and were on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the economic health of the world's second-largest oil consumer China after it reported the steepest falls in overall exports since 2009..

  • CAIRO/ ABU DHABI, Jan 13- Egypt, the world's largest grain importer, is streamlining its import procedures and establishing a registry of companies that will inspect potential purchases abroad, the Trade Ministry said on Friday. The latest regulations mean that officials who led the agriculture quarantine process and used to reject many shipments last year...

  • CAIRO/ ABU DHABI, Jan 13- Egypt, the world's largest grain importer, is streamlining its import procedures and establishing a registry of companies that will inspect potential purchases abroad, the Trade Ministry said on Friday. The latest regulations mean that officials who led the agriculture quarantine process and used to reject many shipments last year...

  • BRUSSELS, Jan 13- The European Union and the United States agreed on Friday to reduce legal and capital barriers to boost the $3 billion transatlantic insurance and reinsurance market. The deal paves the way for EU companies to increase their market share in the US, and for US companies to sell their policies more easily in the 28 European Union countries.

  • *Saudi Arabia says output has fallen below 10 million bpd. *China's December crude imports hit record 8.56 million bpd. LONDON, Jan 13- Oil prices are on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy after it reported the steepest falls in exports since 2009..

  • LONDON, Jan 13- There is little if any data to support suggestions that traders may have deliberately spurred October's flash crash in sterling, a Bank for International Settlements report said on Friday, pointing instead to a range of structural factors. The Financial Times reported last month that regulators had been looking at the activity of a Japan- based...

  • *Saudi Arabia says output has fallen below 10 million bpd. *China's December crude imports hit record 8.56 million bpd. LONDON, Jan 13- Oil prices are on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy after it reported the steepest falls in exports since 2009..

  • The complaint, which seeks consultations with Beijing on the matter, is likely to add to rising trade tension between the world's two largest economies as President-elect Donald Trump prepares to take office next week with pledges to reduce U.S. trade deficits with China as a top priority. Trade Representative's office said the complaint says China's...

  • TOKYO, Jan 13- Iranian condensate exports are set to fall 17 percent to a five-month low this month, a source with knowledge of Iran's preliminary tanker schedule said, as main buyer South Korea cuts purchases by nearly half and takes more barrels from Qatar. Iran, a member of the Organization of the Petroleum Exporting Countries, does not publish monthly data on...

  • *Rising U.S. shale output could counter OPEC curbs. SINGAPORE, Jan 13- Oil prices inched up on Friday, supported by reports on details of OPEC output cuts, although lingering doubts over producer compliance with supply reduction targets weighed on the market. Brent crude futures, the international benchmark for oil prices, were trading at $56.04 per barrel at 0632...

  • *OPEC compliance peaked at 80 pct during cut in 2009- IEA. LONDON/ DUBAI, Jan 13- OPEC is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had committed to, OPEC delegates say, but compliance of 80 percent would be good and as low as 50 percent acceptable. OPEC and the independent producers are cutting...

  • *Saudi Arabia says its output has fallen below 10 million bpd. *Rising U.S. shale output could counter OPEC curbs. SINGAPORE, Jan 13- Oil prices edged up on Friday, supported by reports on details of OPEC output cuts, although lingering doubts over producer compliance with supply reduction targets weighed on the market.

  • *Saudi Arabia says its output has fallen below 10 million bpd. *Rising U.S. shale output to counter OPEC curbs. SINGAPORE, Jan 13- Oil prices edged up on Friday, supported by reports on details of OPEC output cuts, although lingering doubts over producer compliance with supply reduction targets weighed on the market.

  • *Saudi Arabia says its production has fallen below 10 million bpd. *Rising U.S. shale output to counter planned OPEC curbs. SINGAPORE, Jan 13- Oil prices were steady on Friday, supported by reports on details of OPEC output cuts, although lingering doubts over producer compliance with supply reduction targets weighed on the market.

  • LONDON, Jan 12- The chairman of a U.S. congressional committee investigating taxpayer funding of a World Health Organization cancer agency has asked U.S. health officials to release crucial documents. Representative Jason Chaffetz questioned whether the WHO's International Agency for Research on Cancer was trying to "avoid public scrutiny" by asking its...

  • WASHINGTON- Federal Reserve Board Chair Janet Yellen will host a townhall meeting with educators from across the Country United States- 0000 GMT. TOKYO- Asian Development Bank President Takehiko Nakao delivers speech about the outlook for Asian economies and the role of ADB- 0800 GMT. STOCKHOLM- Riksbank Deputy Governor Henry Ohlsson talks about current...