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World Economy International Organizations

  • LONDON, April 12- Brent oil extended gains into an eighth straight session on Wednesday, having recovered nearly all last month's losses, after Saudi Arabia was said to be pushing its fellow OPEC members and some rivals to prolong supply cuts beyond June. OPEC countries cut oil output in March by more than they pledged, according to figures the group published in a...

  • GENEVA, April 12- World trade is on track to expand by 2.4 percent this year, though there is "deep uncertainty" about economic and policy developments, particularly in the United States, the World Trade Organization said on Wednesday. WTO director-general Roberto Azevedo said that clarity was still needed on U.S. The results of upcoming elections in major...

  • BRUSSELS, April 12- International Monetary Fund chief Christine Lagarde on Wednesday said Greece was heading in the right direction on reforms but talks on its bailout and the IMF's potential role in it were "only halfway through". Greece and its international lenders are negotiating reforms the country needs to carry out to maintain a sustainable growth path...

  • OPEC and non- OPEC suppliers are working toward cuts of 1.8 million barrels per day, around 2 percent of the 92 million bpd global market, as they try to bring down record oil inventories and raise prices. "Aggressive Permian production growth alongside regional refinery outages and weaker export demand for shale crude has forced heavy discounts for Midland...

  • BRUSSELS, April 12- International Monetary Fund chief Christine Lagarde on Wednesday said Greece is heading in the right direction on reforms but talks on its bailout and the IMF's potential role in it are "only halfway through".

  • IMF CHIEF CHIEF LAGARDE SAYS ONLY HALF WAY THROUGH ON GREEK TALKS.

  • IMF CHIEF LAGARDE SAYS WE ARE STILL ELABORATING WHETHER WE CAN GIVE SOME LENDING TO GREECE.

  • IMF CHIEF LAGARDE SAYS DEBT RESTRUCTURING FOR GREECE WILL BE NEEDED, MODALITIES HAVE TO BE DECIDED UPFRONT.

  • GENEVA, April 12- World trade is on track to expand by 2.4 percent this year, though there is "deep uncertainty" about economic and policy developments, particularly in the United States, the World Trade Organization said on Wednesday. The range for growth next year has been adjusted to between 1.8 and 3.6 percent, from 1.8 to 3.1 percent last September, it said,...

  • NAIROBI, April 12- The World Bank cut Kenya's economic growth forecast for this year by half a percentage point on Wednesday to 5.5 percent, citing drought, sluggish private sector credit growth and rising prices of oil. In its latest report on the Kenyan economy, the World Bank said growth would pick up after this year, driven by the expected normalisation of...

  • SINGAPORE, April 12- Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and other producers to extend a production cut beyond the first half of 2017.. Traders said that the price rises were a result of reports that Saudi Arabia, the de-facto leader of the...

  • OPEC and non- OPEC suppliers are working toward cuts of 1.8 million barrels per day, around 2 percent of the 92 million bpd global market, as they try to bring down record oil inventories and raise prices. "Aggressive Permian production growth alongside regional refinery outages and weaker export demand for shale crude has forced heavy discounts for Midland...

  • SINGAPORE, April 12- Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and other producers to extend a production cut beyond the first half of 2017.. Traders said that the price rises were a result of reports that Saudi Arabia, the de-facto leader of the...

  • LONDON- British Finance Minister Philip Hammond and Bank of England Governor Mark Carney will speak at London FinTech conference 0930 GMT. BRUSSELS- Christine Lagarde Managing Director of the International Monetary Fund will speak about the global outlook and policy priorities ahead of the upcoming 2017 IMF Spring Meetings 0900 GMT.

  • LONDON- British Finance Minister Philip Hammond and Bank of England Governor Mark Carney will speak at London FinTech conference 0930 GMT. BRUSSELS- Christine Lagarde Managing Director of the International Monetary Fund will speak about the global outlook and policy priorities ahead of the upcoming 2017 IMF Spring Meetings 0900 GMT.

  • NAIROBI, April 12- The World Bank cut Kenya's economic growth forecast for this year by half a percentage point on Wednesday to 5.5 percent, citing drought, sluggish private sector credit growth and rising prices of oil. In its latest report on the Kenyan economy, the World Bank said growth would pick up after this year, driven by the expected normalisation of...

  • Saudi Arabia said to want OPEC cuts extended- Dow Jones. April 11- Crude oil prices turned positive on Tuesday, reversing course on reports that Saudi Arabia has told OPEC officials it wants to continue output cuts for an additional six months. The market, which retreated early in U.S. trading, turned positive after reports that Saudi Arabia said it wants to extend...

  • *Saudi Arabia said to want OPEC cuts extended- Dow Jones. April 11- Crude oil turned positive on Tuesday, reversing course on reports that Saudi Arabia has told OPEC officials it wants to continue output cuts for an additional six months. The market, which retreated early in U.S. trading, turned positive after reports that Saudi Arabia said it wants to extend...

  • *Saudi Arabia said to want OPEC cuts extended- Dow Jones. BOSTON, April 11- Crude oil turned positive on Tuesday, reversing course on reports that Saudi Arabia has told OPEC officials it wants to continue OPEC cuts for an additional six months. The market turned positive after reports that Saudi Arabia told OPEC officials it wants to extend production cuts enacted...

  • OIL PRICES TURN POSITIVE AFTER REPORT THAT SAUDI ARABIA WANTS OPEC TO EXTEND CUTS- CNBC, CITING DOW JONES.