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World Economy International Organizations

  • *Figures show show 93 pct OPEC compliance with output deal. *Saudi Arabia cut deeper than expected- OPEC. LONDON, Feb 13- Oil prices fell on Monday in response to growing evidence that U.S. production is rising, but losses were capped by official OPEC production figures showing initial compliance with its landmark production reduction deal was as high as 93 percent.

  • *OPEC output falls 890,000 bpd in January, led by Saudi. *OPEC data points to 93 pct compliance with output curbs. Supply from the 11 OPEC members with production targets under the deal fell to 29.888 million bpd last month, according to figures from secondary sources that OPEC uses to monitor its output.

  • ASTANA, Feb 13- Kazakhstan plans to inject 2 trillion tenge into its state-owned' bad bank', the Problem Loans Fund, in order to buy distressed assets from local banks, central bank deputy chairman Oleg Smolyakov said on Monday. The International Monetary Fund said this month that resolving the issue of bad loans, some of which are yet to be recognized, is the main...

  • *OPEC to publish January compliance assessment on Monday. *OPEC compliance at 92 pct- Kuwait oil minister. "Bulls are liquidating ahead of the release of the monthly OPEC report due out shortly and yet another increase in U.S. rig counts is also playing part in the weakness," said Tamas Varga, senior analyst at London brokerage PVM Oil Associates.

  • BRUSSELS, Feb 13- Euro zone's economic growth is expected to lose some speed this year and to rebound in 2018 while the British economy will nearly halve its expansion by 2018, the European Commission said on Monday, warning of higher political risks. The EU executive forecast that growth in the 19 countries sharing the euro would slow to 1.6 percent this year...

  • *OPEC estimated to be achieving 90 pct of targetted output cuts. SINGAPORE, Feb 13- Oil prices were stable on Monday on signs that OPEC- led production cuts were reducing global overproduction, although bloated inventories and rising output elsewhere were weighing on markets. Kuwaiti Oil Minister Essam al-Marzouq said on Monday that the OPEC compliance was 92...

  • *OPEC estimated to be achieving 90 pct of targetted output cuts. SINGAPORE, Feb 13- Oil prices dipped on Monday on signs that global fuel markets remained bloated despite OPEC- led crude production cuts that have been more successful than most initially expected. "Traders will be keenly awaiting the release today of OPEC's monthly report.

  • *OPEC estimated to be achieving 90 pct of targetted output cuts. SINGAPORE, Feb 13- Oil prices dipped on Monday on signs that global fuel markets remained bloated despite OPEC- led crude production cuts that have been more successful than most initially expected. "Traders will be keenly awaiting the release today of OPEC's monthly report.

  • LONDON, Feb 13- More than a quarter of employers in Britain say staff members from other European Union countries have considered leaving their firms or the country in 2017 after last year's Brexit vote, an industry group said on Monday. The CIPD said Britain's labour market remained strong, but the decision by voters to leave the European Union was likely to...

  • NEW YORK, Feb 10- Buoyant oil prices since Donald Trump's election have provided no lasting halo effect for energy stocks as the sector's profit rebound has lacked vigor, but that could change in the week ahead with a fresh crop of quarterly scorecards. Helped by OPEC output cuts, oil prices are up roughly 20 percent since Trump's victory, and U.S. crude has held...

  • *Frenchman Michel Barnier is EU Brexit negotiator. BRUSSELS, Feb 12- Michel Barnier has a dealmaker's flair for gauging what the other side can accept but as Theresa May prepares to launch Brexit negotiations some EU officials wonder if Brussels' man can really figure out what she wants. That is a nagging question for European Union leaders who need the veteran...

  • BERLIN, Feb 12- Greece and its lenders should quickly approve a review of reforms the indebted country must take in return for unlocking new loans, a senior European Union official said on Sunday, warning of financial instability in the euro zone if the issue lingers. Greece and its international lenders made substantial progress in talks on Friday to bridge...

  • The International Monetary Fund's Christine Lagarde is one of this year's attendees of the Bilderberg Meetings.

    IMF head Lagarde said she is keeping an eye on President Trump's attempt to roll back the law put in place after the financial crisis.

  • *Nigeria mired in recession after oil price slump. ABUJA, Feb 11- Nigeria's economy is projected to have contracted 1.54 percent in 2016, according to a budget ministry document, with Africa's most populous country mired in its first recession in a quarter of a century. The International Monetary Fund has predicted that Nigeria's economy would shrink 1.8...

  • European Commission President Jean-Claude Juncker, however, said the deal was "on shaky ground" because the International Monetary Fund had not decided what role it would play. The comments came a day after Greece and its international lenders made clear progress towards bridging differences over Athens's fiscal path in coming years, moving closer to a deal...

  • BERLIN, Feb 11- European Commission President Jean-Claude Juncker said in an interview to be aired on Sunday that he doubts the bloc's remaining 27 members can maintain a united front as they negotiate Britain's exit from the European Union. "The other EU 27 don't know it yet, but the Brits know very well how they can tackle this," Juncker told Deutschlandfunk radio.

  • Greek Prime Minister Alexis Tsipras looks on during a parliamentary session before a budget vote in Athens, Greece, December 10, 2016.

    A deal will release another tranche of funds from Greece's €86 billion bailout, and facilitate a big repayment this summer, Reuters reports.

  • MOSCOW, Feb 11- Russia will decided in April or May whether an agreement on global oil output cuts between OPEC and non- OPEC producers, set to end on June 31, should be extended, TASS news agency quoted Russian Energy Minister Alexander Novak as saying on Saturday.

  • Reaching agreement would release another tranche of funds from it latest 86 billion euro bailout, and facilitate Greece making a major 7.2 billion euro debt repayment this summer. European and International Monetary Fund lenders want Greece to make 1.8 billion euros- or 1 percent of GDP- worth of new reforms by 2018 and another 1.8 billion euros after then and...

  • NEW YORK, Feb 10- Buoyant oil prices since Donald Trump's election have provided no lasting halo effect for energy stocks as the sector's profit rebound has lacked vigor, but that could change in the week ahead with a fresh crop of quarterly scorecards. Helped by OPEC output cuts, oil prices are up roughly 20 percent since Trump's victory, and U.S. crude has held...