World Economy International Organizations

  • *FTSE 100 up 0.2 pct. *Energy sector biggest riser as oil soars on OPEC deal. On Wednesday, however, the FTSE's oil and gas index rose 4.1 percent after the price of oil shot up as members of OPEC, the oil producers' cartel, agreed to trim output for the first time since 2008 in a last-ditch bid to support prices.

  • ALMATY, Kazakhstan, Nov 30- A Kazakhstan energy ministry spokesman said late on Wednesday his ministry had no immediate comment on a deal that OPEC had reached on oil production.

  • LONDON, Nov 30- Sterling surged back to an 11- week high against the euro in late trade in London on Wednesday, racking up its best month since January 2009 as a deal to cut OPEC oil output weakened the single currency against the dollar. "The most interesting stuff that is going on at the moment is OPEC and the influence that it is having on fixed income," said Citi...

  • VIENNA, Nov 30- Below is a table showing oil output cuts agreed at a meeting of the Organization of the Petroleum Exporting Countries in Vienna on Wednesday. Cuts are from October production levels. For the main story, click on.

  • *Oil roars ahead on OPEC deal to cut output to 32.5 mln bpd. NEW YORK, Nov 30- Oil jumped on Wednesday as OPEC members clinched a deal to cut production, while upbeat U.S. economic data and comments from the U.S. "Everything seem to be coming together for more growth and risk appetite," said Larry Milstein, head of agency and government trading at R.W. Pressprich& Co. in New...

  • Nov 30- Gains in energy and bank stocks drove the Dow and the S&P 500 to record intraday highs on Wednesday, but losses in technology stocks dragged down the Nasdaq. OPEC agreed to cut production to 32.5 million barrels per day, Kuwait's oil minister said. The cuts include Iraq reducing output by 200,000 bpd to 4.351 million beginning in January.

  • NEW YORK/ HOUSTON, Nov 30- In a corner of the prolific Bakken shale play in North Dakota, oil companies can now pump crude at a price almost as low as that enjoyed by OPEC giants Iran and Iraq. In effect, even as OPEC has decided to reduce output to try to boost prices, that may end up being undermined by a potential increase in U.S. production. OPEC ministers agreed to reduce...

  • *Dollar hits 8-1/ 2- month high vs yen of 114.43 yen. NEW YORK, Nov 30- The U.S. dollar hit its highest level against the yen in 8-1/ 2 months on Wednesday and also surged against the euro and Swiss franc after a surge in oil prices pushed U.S. The dollar rose about 1.7 percent against the yen to 114.43 yen, its highest level since early March.

  • *OPEC agrees first output cut since 2008. *OPEC to cut production to 32.5 million bpd. OPEC will meet with non- OPEC producers on Dec. 9.

  • OIL PRICES RISE 9 PCT AS OPEC OFFICIALS COMMENT ON DEAL TO CUT OUTPUT.

  • BRUSSELS, Nov 30- The European Union unveiled its biggest defence funding and research plan in more than a decade on Wednesday to reverse billions in cuts and send a message to U.S. Part of a broader push to revitalise defence cooperation, the European Commission proposed a 5 billion-euro fund to let governments club together to buy new helicopters and planes to...

  • BRUSSELS, Nov 30- The European Union unveiled its biggest defense funding and research plan in more than a decade on Wednesday to reverse billions in cuts and send a message to U.S. Part of a broader push to revitalize defense cooperation, the European Commission proposed a 5 billion-euro fund to let governments club together to buy new helicopters and planes to...

  • *OPEC agrees first output cut since 2008- source. *Saudi Arabia says ready to accept "big hit" on production. New York, Nov 30- Oil prices rose more than 7 percent on Wednesday as some of the world's largest oil producers agreed to curb oil output for the first time since 2008 in a last-ditch bid to support prices.

  • *Reports of OPEC cut push up U.S., German bond yields. LONDON, Nov 30- Germany's benchmark bond yields rose on Wednesday as oil prices surged after sources told Reuters OPEC had agreed to limit crude output. "Clearly the OPEC news has had a big impact on Treasuries, and Bunds have moved in sympathy with this," said Mizuho strategist Peter Chatwell.

  • *OPEC agrees first output cut since 2008- source. *Saudi Arabia says ready to accept "big hit" on production. The Organization of the Petroleum Exporting Countries has agreed its first output limiting deal in eight years, an OPEC source told Reuters as the debates continued in Vienna on the exact size of each member's cuts.

  • TORONTO, Nov 30- Canada's main stock index hit a near 18- month high on Wednesday as energy stocks surged along with oil prices as major crude producers reached a deal to curb production. The energy group, which accounts for one-fifth of the Toronto Stock Exchange's S&P/TSX composite index, jumped 7 percent as crude prices soared. OPEC has agreed its first limit on...

  • "The company will support the decisions of the Russian Ministry of Energy for the purpose of delivering the agreements reached at the OPEC summit to stabilise oil prices," Lukoil said after a meeting between Alekperov and Iraq's Oil Minister Jabar Ali al-Luaibi. Russian officials have said that Moscow, which is not a member of OPEC, would wait for an OPEC outcome...

  • *Iran says Russia would cut once OPEC reaches deal. VIENNA, Nov 30- OPEC has agreed its first limit on oil output since 2008, sources in the producer group told Reuters, with Saudi Arabia accepting "a big hit" on its production and agreeing to arch-rival Iran freezing output at pre-sanctions levels. The source added that OPEC had also suspended Indonesia from OPEC...

  • TORONTO, Nov 30- Canada's main stock index rose in early trade on Wednesday as energy stocks surged with oil prices as some of the world's largest oil producers agreed to curb output for the first time since 2008.. The Toronto Stock Exchange's S&P/TSX composite index was up 114.67 points, or 0.76 percent, at 15,114.48 shortly after the open. The energy group jumped...

  • VIENNA, Nov 30- Top oil exporter Saudi Arabia has agreed to cut its oil output to 10.06 million barrels per day under a new OPEC production-limiting deal, an OPEC source told Reuters. The country's output stood at 10.54 million bpd in October. The source also said OPEC, at a ministerial meeting in Vienna, had agreed to suspend Indonesia from the Organization of the...