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World Economy International Organizations

  • LONDON, May 18- European Union company pension schemes will be tested to see how they would cope with a "double hit" of lower interest rates and asset prices, the bloc's pensions and insurance watchdog said. The European Insurance and Occupational Pensions Authority gave details on Thursday of its second, biannual "stress test" of theoretical shocks to major...

  • *Oil supples ample despite OPEC- led production cuts. *Record volumes of North Sea, U.S. oil shipped to Asia. LONDON, May 18- Oil prices slipped on Thursday as the market remained well supplied with crude despite efforts by OPEC and other big exporters to curb production and support prices.

  • *The Veneto banks expect to book fresh loan writedowns. MILAN, May 17- Italian regional lenders Popolare di Vicenza and Veneto Banca may need to raise capital privately to cover loan losses to win European Union approval for a state bailout they have requested, six sources familiar with the matter said on Wednesday. But having failed to raise funds on the market...

  • BRUSSELS, May 18- European Union antitrust regulators fined Facebook 110 million euros on Thursday for giving misleading information during a vetting of its deal to acquire messaging service WhatsApp in 2014.. Calling it a "proportionate and deterrent fine," the European Commission, which acts as the EU's competition watchdog, said Facebook had said it could...

  • *Record volumes of U.S., North Sea oil being shipped to Asia. SINGAPORE, May 18- Oil prices dipped on Thursday, weighed down by plentiful supply despite ongoing efforts led by OPEC to tighten the market by cutting production. Brent crude was down 11 cents, or 0.2 percent, from its last close at $52.10 per barrel at 0644 GMT.

  • BRUSSELS/ BONN, Germany, May 18- The European Union will provide 800 million euros to help 79 African, Pacific and Caribbean nations implement a global deal to combat climate change. As a sign of closer cooperation with the ACP group "the EU has announced support of 800 million euros up to 2020, with around half earmarked for climate action," the European Commission...

  • HOUSTON/ NEW YORK, May 17- Oil tankers carrying roughly 2.5 million barrels of U.S. crude are currently en route to Asia, trade sources said on Wednesday, as U.S. producers take advantage of favorable prices to ship to Asia while OPEC ponders further supply cuts next week. But relatively cheap U.S. crude has buoyed exports to Asia. Traders expect that May U.S. crude...

  • OTTAWA, May 17- Canadian Foreign Minister Chrystia Freeland said on Wednesday she would travel to Mexico next week to discuss renegotiating the North American Free Trade Agreement, which U.S. Canada and Mexico both send the majority of their exports to the United States and could be badly hurt if Trump goes ahead with a threat to rip up the pact unless it is...

  • *Record volumes of U.S., North Sea oil being shipped to Asia. SINGAPORE, May 18- Oil prices dipped on Thursday, weighed down by plentiful supply despite ongoing efforts led by OPEC to tighten the market by cutting production. Brent crude was down 18 cents, or 0.3 percent, from its last close at $52.03 per barrel at 0244 GMT.

  • *Record volumes of U.S., North Sea oil being shipped to Asia. SINGAPORE, May 18- Oil prices dipped on Thursday, weighed down by plentiful supplies despite an ongoing effort led by OPEC to cut production in order to tighten the market and prop up prices. Brent crude futures were down 21 cents, or 0.4 percent, from their last close at $52 per barrel at 0148 GMT.

  • LONDON, May 17- Reported oil stocks have fallen much more slowly than OPEC anticipated at the beginning of the year, leading to scepticism about the effectiveness of the organisation's production cuts. But the sluggish response may reflect the repositioning of formerly uncounted stocks to more visible locations rather than a failure to adjust the...

  • LONDON, May 17- Reported oil stocks have fallen much more slowly than OPEC anticipated at the beginning of the year, leading to skepticism about the effectiveness of the organization's production cuts. But the sluggish response may reflect the repositioning of formerly uncounted stocks to more visible locations rather than a failure to adjust the...

  • The case has increased trade tensions between the United States and Canada- along with disputes over Canadian softwood lumber and U.S. milk protein products- as both countries prepare for a possible renegotiation of the North American Free Trade Agreement under the "America First" trade policy of U.S. The Commerce Department is expected to proceed with the...

  • MEXICO CITY, May 17- Companies no longer fear the North American Trade Agreement will collapse and top U.S. multinationals in Mexico are committed to investing in the country going forward, the head of a global business lobby said on Wednesday. The CEEG represents a host of multinationals in Mexico including AT&T Inc, Coca-Cola Co, General Motors Co, Microsoft...

  • BRAZILIAN LAW MEANS COUNTRY CANNOT JOIN OPEC, NON-OPEC SUPPLY CURBS- PETROBRAS CEO.

  • HOUSTON/ NEW YORK, May 17- Oil tankers carrying roughly 2.5 million barrels of U.S. crude are currently en route to Asia, trade sources said on Wednesday, as U.S. producers take advantage of favorable prices to ship to Asia while OPEC ponders further supply cuts next week. But relatively cheap U.S. crude has buoyed exports to Asia. Traders expect that May U.S. crude...

  • The case has increased trade tensions between the United States and Canada- along with disputes over Canadian softwood lumber and U.S. milk protein products- as both countries prepare for a possible renegotiation of the North American Free Trade Agreement under the "America First" trade policy of U.S. The Commerce Department is expected to proceed with the...

  • *Prospects of OPEC- led supply cut deal extension supports prices. New York, May 17- Oil prices settled at a two-week high on Wednesday after U.S crude inventories declined for the sixth straight week, a positive sign for markets ahead of next week's OPEC meeting, where major oil producers are expected to extend supply cuts. Brent crude settled 56 cents firmer at...

  • BRUSSELS, May 17- U.S. and EU officials will meet next week in Washington for more talks about risks to air travel after a meeting in Brussels on Wednesday did not, as some industry watchers had expected, extend a cabin ban on large electronics devices. "The United States and the European Union reaffirmed their commitment to continue working closely together on...

  • CIUDAD GUAYANA, Venezuela/ CARACAS, May 17- P ockets of oil-rich Venezuela were suffering gasoline shortages on Wednesday as the OPEC nation's ageing refineries faced more operational problems and protests blocked some deliveries. Venezuela, which has the world's cheapest gasoline, has been plagued by intermittent fuel shortages in recent months as its oil...