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World Economy International Organizations

  • SINGAPORE, Jan 11- Oil prices recovered slightly on Wednesday from steep slides the previous day, but traders said markets remained under pressure from signs that planned OPEC output cuts were being poorly implemented and as supplies from elsewhere rose. West Texas Intermediate crude oil futures were trading at $50.98 a barrel at 0028 GMT, 16 cents above their...

  • BRUSSELS, Jan 10- Online messaging services such as WhatsApp, iMessage and Gmail will face tougher rules on how they can track users under a proposal presented by the European Union executive on Tuesday which could hurt companies reliant on advertising. Spending on online advertising in 2015 was 36.4 billion euros, according to the Internet Advertising...

  • BRUSSELS, Jan 10- Online messaging services such as WhatsApp, iMessage and Gmail will face tougher rules on how they can track users under a proposal presented by the European Union executive on Tuesday which could hurt companies reliant on advertising. Spending on online advertising in 2015 was 36.4 billion euros, according to the Internet Advertising...

  • The country's southern oil exports in early January held steady near a record high, despite the agreed start of OPEC cuts, according to an industry source and loading data. Oil prices "are consolidating at the lower levels... after doubts emerged over the degree of compliance with OPEC production cuts as Iraqi exports remain high, as well as the more general pace of...

  • WASHINGTON, Jan 10- The World Bank on Tuesday said global growth would accelerate slightly as recovering oil and commodity prices ease pressures on emerging-market commodity exporters and painful recessions in Brazil and Russia come to an end. "After years of disappointing global growth, we are encouraged to see stronger economic prospects on the horizon,"...

  • The country's southern oil exports in early January held steady near a record high, despite the agreed start of OPEC cuts, according to an industry source and loading data. Oil prices "are consolidating at the lower levels... after doubts emerged over the degree of compliance with OPEC production cuts as Iraqi exports remain high, as well as the more general pace of...

  • BRUSSELS, Jan 10- Online messaging services such as WhatsApp, iMessage and Gmail will face tougher rules on how they can track users under a proposal presented by the European Union executive on Tuesday which could hurt companies reliant on advertising. Spending on online advertising in 2015 was 36.4 billion euros, according to the Internet Advertising...

  • NEW YORK, Jan 10- The decline in U.S. crude output that began amid a global slump in oil markets in mid-2014 appears finally to be over, the U.S. government said on Tuesday, as higher oil prices and increased drilling activity are set to boost output for this year. A historic deal reached by OPEC at the end of last year to collectively curb global supplies has pushed oil...

  • Members of the Organization of the Petroleum Exporting Countries, such as Saudi Arabia, appear to be reducing production under a global deal to rein in oversupply but it is unclear whether other big producers like Iraq will follow suit. The country's southern oil exports in the first nine days of January held steady near a record high, despite the agreed start of...

  • BRUSSELS/ PARIS, Jan 10- European Union antitrust regulators approved the French government's plan to inject 4.5 billion euros into embattled nuclear group Areva, saying the rescue would not unduly distort competition. The European Commission's ruling will allow Areva, whose equity has been wiped out by years of losses, to restart as a smaller firm focused on...

  • MEXICO CITY, Jan 10- Mexico's peso fell more than 1 percent against the dollar on Tuesday to set a record low of 21.63 per dollar, and the chief of the Organisation for Economic Co-operation and Development said further depreciation was "almost inevitable." "It's foreseeable, I'd say almost inevitable that it keeps on depreciating," OECD Secretary General Jose...

  • The country's southern oil exports in the first nine days of January held steady near a record high, despite the agreed start of OPEC cuts on Jan. 1, according to a source and loading data. "The petroleum markets are consolidating at the lower levels reached in Monday trade after doubts emerged over the degree of compliance with OPEC production cuts as Iraqi...

  • LONDON, Jan 10- Oil exports from Iraq's southern ports in the first nine days of January have held steady at December's record high, according to loading data and an industry source, despite the start of an OPEC agreement to cut production. In all of December, Iraq's southern exports reached a record high of 3.51 million bpd, Iraq's oil ministry said on Monday.

  • *Commission approves 3.3 billion euros bridging loan. BRUSSELS/ PARIS, Jan 10- European Union antitrust regulators have approved the French government's plan to inject 4.5 billion euros into embattled nuclear group Areva, saying the rescue would not unduly distort competition. The Commission said the aid for 87 percent state-owned Areva was subject to...

  • CAIRO, Jan 10- Annual consumer price inflation in Egypt's cities soared to a second straight eight-year high in December, hitting 23.3 percent on the back of the government's decision to float the pound, effectively halving its value. Those moves were required to secure a $12 billion International Monetary Fund loan. "Egypt now is in the eye of the policy...

  • *EU extends telecoms sector privacy rules to web players. BRUSSELS, Jan 10- Online messaging services such as WhatsApp, iMessage and Gmail will face tough rules on how they can track users under a proposal presented by the European Union executive on Tuesday which may hit advertising revenue. The proposal by the European Commission extends some rules that now...

  • BRUSSELS/ PARIS, Jan 10- European Union antitrust regulators approved on Tuesday French plans to grant a capital injection of 4.5 billion euros to nuclear group Areva and said Areva's restructuring plan would not unduly distort competition. The European Commission, which oversees competition policy in the European Union, said the state aid was subject to...

  • CAIRO, Jan 10- Annual consumer price inflation in Egypt's cities soared to a second straight eight-year high in December, hitting 23.3 percent on the back of the government's decision to float the pound, effectively halving its value. Those moves were required to secure a $12 billion International Monetary Fund loan. "Egypt now is in the eye of the policy...

  • BRUSSELS, Jan 10- Online messaging and email services such as WhatsApp, iMessage and Gmail will face tough new rules on how they can track users under a proposal presented by the European Union executive on Tuesday. The proposal by the European Commission extends some rules that now only apply to telecom operators to web companies offering calls and messages...

  • MOSCOW, Jan 10- It has defeated armies trying to invade Russia in the past, and now the fabled Russian winter has come to Moscow's rescue again, this time helping it comply with a deal among world oil exporters on cutting output. Russia, which has in the past been accused of dragging its feet in implementing oil production and exports deals, reduced production by...