×

World Economy International Organizations

  • 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...

  • 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 had fallen 39 cents, or 0.8 percent, to at $50.98 per barrel by 0553 GMT, its lowest since Nov. 30. West Texas Intermediate crude declined 45 cents, or 0.9 percent, to $48.04 a barrel, also the...

  • 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 had fallen 35 cents, or 0.68 percent, to its lowest since Nov. 30 at $51.02 per barrel by 0231 GMT. OPEC and other major oil producers including Russia reached a landmark agreement late last...

  • OPEC members led by Saudi Arabia have reported nearly full compliance with output cuts announced last November, though performance remains very uneven across the group. OPEC enlisted support from 11 other countries to spread the burden of rebalancing and protect its market share but compliance from non- OPEC countries has been much lower.

  • 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 had by 0011 GMT fallen 42 cents, or 0.82 percent, to its lowest since Nov. 30 at $50.95 per barrel. OPEC and other major oil producers including Russia reached a landmark agreement last year to...

  • Asia's two largest economies China and India are expected to grow by 6.5 percent and 7.2 percent this year whilst sub-Saharan Africa is forecast to expand by 2.8 percent, according to the International Monetary Fund. Two-thirds of its trade with Asia is with six markets; China, India, Japan, Iran, South Korea and Hong Kong. The UAE wants to see free trade agreements...

  • LONDON, March 12- Brexit minister David Davis said parliament must not be able to veto Britain's decision to leave the European Union, urging lawmakers to reject proposed changes to legislation that gives Prime Minister Theresa May the power to begin exit talks. Davis urged lawmakers in the elected lower chamber of parliament to overturn changes made last...

  • Commerce Secretary Wilbur Ross said on Friday that he hopes to launch formal talks to renegotiate the North American Free Trade Agreement with Canada and Mexico in a little over three months, setting in motion a campaign promise made by President Donald Trump. Trade between the United States, Canada and Mexico has nearly quadrupled in goods since NAFTA took...

  • March 10- U.S. drillers added oil rigs for an eighth week in a row to the most since September 2015, extending a ten-month recovery as energy companies boost spending to take advantage of a recovery in crude prices since OPEC agreed to cut production late last year. "We will not see the impact of this week's crude price collapse for another couple of months," James...

  • Commerce Secretary Wilbur Ross said on Friday that he hopes to launch formal talks to renegotiate the North American Free Trade Agreement with Canada and Mexico in a little over three months. Ross told reporters that "sometime in the next couple of weeks" he hopes to send a letter notifying Congress that the Trump administration intends to launch NAFTA...

  • NEW YORK, March 10 (Reuters)- Oil prices fell for a third day on Friday, extending a selloff on heightened worries that OPEC- led production cuts have not yet reduced a global glut of crude. Senior Saudi officials told U.S. oil firms in a closed-door meeting they should not assume OPEC would extend output curbs to offset rising production from U.S. shale fields,...

  • *U.S. crude oil dropped below $50 on Thursday. LONDON, March 10- Oil prices steadied on Friday after dropping to their lowest in more than three months, pressured by heavy oversupply despite OPEC- led production cuts. Brent crude oil was down 10 cents at $52.09 a barrel by 1445 GMT, after falling 1.7 percent on Thursday and 5 percent the day before in its biggest...