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World Economy International Organizations

  • *OPEC and Russian oil supply cuts lend support. NEW YORK, Feb 6- Oil fell on Monday as ample U.S. supplies and excess speculative length outweighed OPEC output curbs and rising tensions between the United States and Iran. "We feel that the bulk of the price decline related to the larger-than-expected increase in net WTI speculative length as well as another hefty...

  • OTTAWA, Feb 6- Any move to tear up the North American Free Trade Agreement would devastate the economies of members Canada, Mexico and the United States, the head of an influential U.S. business group said on Monday. Thomas Donohue, president and chief executive officer of the U.S. Chamber of Commerce, said Canada and Mexico were America's two top export markets.

  • BRUSSELS, Feb 6- The European Union is ready to join China in fighting protectionism worldwide but Beijing also needs to show it can play fair on trade and investment, the bloc's trade chief said on Monday. And we will give China every opportunity to uphold its pledge against protectionism, and towards a multilateral agenda, too, "she said. Chinese investment flows...

  • *U.S. dollar edges higher amid Europe political uncertainty. *OPEC and Russian oil supply cuts lend support. NEW YORK, Feb 6- Oil fell more than 1 percent on Monday as a stronger dollar, ample U.S. supplies and excess speculative length outweighed OPEC output curbs and rising tensions between the United States and Iran.

  • *Brent "rangebound" as buyers shy away above $57- PVM. *OPEC and Russian oil supply cuts lend support. LONDON, Feb 6- Oil slipped further below $57 barrel on Monday as a stronger dollar and ample U.S. supplies outweighed OPEC output curbs and rising tensions between the United States and Iran.

  • *OPEC and Russian oil supply cuts lend support. LONDON, Feb 6- Oil steadied near $57 barrel on Monday as OPEC supply cuts and rising tensions between the United States and Iran were countered by ample inventories and signs that higher prices will revive U.S. output. Despite the OPEC cuts, U.S. crude inventories rose by more than expected last week.

  • BERLIN, Feb 6- Germany believes the International Monetary Fund will remain on board with Greece's bailout, a finance ministry spokesman reiterated on Monday, but said that a IMF decision to pull out would mean the end of the current programme. Finance Minister Wolfgang Schaeuble has already made clear that if the IMF were not to participate, "then the programme...

  • BERLIN, Feb 6- Germany believes the International Monetary Fund will remain on board with Greece's bailout, a finance ministry spokesman reiterated on Monday, but said that a IMF decision to pull out would mean the end of the current program. Finance Minister Wolfgang Schaeuble has already made clear that if the IMF were not to participate, "then the program is...

  • *Iran vows "roaring missiles" if threatened, defies new sanctions. *OPEC, Russia oil supply cuts lend support. LONDON, Feb 6- Oil steadied close to $57 barrel on Monday as rising tensions between the United States and Iran and OPEC supply cuts were countered by ample inventories and signs that higher prices will revive U.S. output.

  • VALLETTA, Feb 3- German Chancellor Angela Merkel and leaders of other founding states of the European Union spoke on Friday of some countries moving ahead faster than others with further integration. After a summit in Malta at which all national leaders discussed plans for a formal declaration in March on the future of the bloc following Britain's departure,...

  • *Libya anarchy hampers efforts at control, deportation. "If the situation stays as is now, in a few weeks we will have a humanitarian crisis and people will start pointing fingers, saying Europe has done nothing," said Joseph Muscat, the prime minister of Malta, which currently holds the presidency of the bloc. Medecins Sans Frontieres, which works on the ground, said...

  • Feb 3- U.S. energy companies added oil rigs for a 13th week in the last 14, extending a nine-month recovery as drillers take advantage of crude prices that have held mostly over $50 a barrel since OPEC agreed to cut supplies in late November. Baker Hughes oil rig count plunged from a record 1,609 in October 2014 to a six-year low of 316 in May as U.S. crude collapsed...

  • *Trump prepared for new Iran sanctions. LONDON, Feb 3- Oil prices edged higher on Friday in response to the possibility of new sanctions on Iran after U.S. Comments by Russian energy minister Alexander Novak that oil producers had cut their output as agreed under a deal with OPEC also helped to support prices, analysts said.

  • BRUSSELS, Feb 3- International flights in and out of the European Union could be exempted from emissions limits for at least another four years to give the United Nations time to implement a global system to curb pollution from planes. But it was immediately criticised by environmental campaigners who oppose an International Civil Aviation Organization...

  • President Donald Trump prepared for new Iran sanctions. LONDON, Feb 3- Oil prices edged higher on Friday in response to the possibility of new sanctions on Iran after U.S. Comments by Russian energy minister Alexander Novak that oil producers had cut their output as agreed under a deal with OPEC, also helped to support prices, analysts said.

  • *EU exempted foreign flights from scheme until 2017. BRUSSELS, Feb 3- International flights in and out of the European Union could be exempted from emissions limits for at least another four years to give the United Nations time to implement a global system to curb pollution from planes. The International Civil Aviation Organization clinched a deal on a global...

  • President Donald Trump is playing a game of "divide and rule" with the European Union and the bloc's member states should not succumb to the ploy, European Commissioner Guenther Oettinger said on Friday. His top trade adviser has accused Germany of using a "grossly undervalued" euro to gain advantage over the United States and its own European Union partners.

  • *Development Bank of Mongolia's $580 mln of bonds due in March. ULAANBAATAR/ HONG KONG, Feb 2- Private citizens in Mongolia are donating cash, jewelry, gold and even horses to help the government make a near $600 million payment to bondholders next month. The government has been in talks with China and the International Monetary Fund for assistance, but investors...

  • *Development Bank of Mongolia's $580 mln of bonds due in March. ULAANBAATAR/ HONG KONG, Feb 2- Private citizens in Mongolia are donating cash, jewellery, gold and even horses to help the government make a near $600 million payment to bondholders next month. The government has been in talks with China and the International Monetary Fund for assistance, but investors...

  • MEXICO CITY, Feb 2- Mexico, the United States and Canada could overhaul rules about a product's country of origin in a renegotiation of the NAFTA trade treaty in order to strengthen regional supply chains, the Mexican economy minister said on Thursday. Guajardo also noted that it made sense to include labor and environmental rules in a renegotiated NAFTA, which...