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World Economy International Organizations

  • The early departure of Britain's ambassador to the European Union, and the tone of his resignation letter, have added to concerns of a rocky few months in prospect for sterling as Britain prepares formally to launch talks on leaving the bloc. Sterling gained 0.3 percent on the day to trade at $1.2276 after the numbers and was steady at 85.02 pence per euro, down...

  • The early departure of Britain's ambassador to the European Union, and the tone of his resignation letter, have added to concerns of a rocky few months in prospect for sterling as Britain prepares formally to launch talks on leaving the bloc. Sterling gained 0.3 percent on the day to trade at $1.2276 after the numbers and was steady at 85.02 pence per euro, down...

  • *Saudi Arabia expected to lift Asian crude export prices- traders. Global benchmark Brent crude futures were up 49 cents at $55.96 a barrel by 0924 GMT. OPEC member Kuwait also lifted expectations that producers will stick to a deal to reduce oversupply by scaling back production after its state-owned oil producer said on Wednesday it would cut output in the...

  • DUBAI, Jan 4- State-owned Kuwait Petroleum Corp said on Wednesday it was committed to an oil output cut agreed by the Organization of Petroleum Exporting Countries at a meeting in Vienna in November, Kuwait's state news agency KUNA reported. KPC said in a statement it had notified its clients of the production cuts from the start of January, saying they will be in...

  • OTTAWA, Jan 3- Prime Minister Justin Trudeau reached out in a video address to the new U.S. Congress on Tuesday to stress how tightly linked the economies of Canada and the United States are, amid fears of a protectionist Trump administration. Canada sends 75 percent of its exports to the United States and could suffer from changes to NAFTA, which also includes...

  • *OPEC, non- OPEC cut deal took effect on Sunday. *Oman notifies customers of crude term volume cut in March. Before the slide began, both contracts hit their highest levels since July 2015 on hopes that a deal between OPEC and other big oil exporters to cut production, which kicked in on Sunday, will drain a global supply glut.

  • *OPEC deal implementation seen accelerating market rebalancing. Dec 29- Oil prices will gradually rise towards $60 per barrel by the end of 2017, a Reuters poll showed on Thursday, with further upside capped by a strong dollar, a likely recovery in U.S. oil output and possible non-compliance by OPEC with agreed cuts. Average Brent prices are expected to improve...

  • *OPEC, non- OPEC cut deal took effect on Sunday. *Oman notifies customers of crude term volume cut in March. Traders said crude prices were buoyed earlier in the day by hopes that a deal between OPEC and other big oil exporters to cut production, which kicked in on Sunday, will drain a global supply glut.

  • *OPEC, non- OPEC cut deal took effect on Sunday. *Oman notifies customers of crude term volume cut in March. Crude prices were buoyed earlier in the day by hopes that a deal between OPEC and other big oil exporters to cut production, which kicked in on Sunday, will drain a global supply glut.

  • *Canadian dollar at C $1.3444, or 74.38 U.S. cents. Oil, one of Canada's major exports, reached 18- month highs, buoyed by hopes that a deal between OPEC and other big oil exporters to cut production will drain a global supply glut. At 10:05 a.m. ET, the Canadian dollar was trading at C $1.3444 to the greenback, or 74.38 U.S. cents, slightly weaker than Monday's close of C...

  • *OPEC, non- OPEC cut deal took effect on Sunday. LONDON, Jan 3- Oil prices hit 18- month highs on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and other big oil exporters to cut production, which kicked in on Sunday, will drain a global supply glut. U.S. light crude oil hit an 18- month high of $55.24, up $1.52 a barrel, also its highest since...

  • Lighthizer has argued that China has failed to live up to commitments made in 2001 when it joined the World Trade Organization and that tougher tactics are needed to change the system, even if it means deviating from World Trade Organization rules. "Years of passivity and drift among U.S. policymakers have allowed the U.S.- China trade deficit to grow to the...

  • *OPEC, non- OPEC cut deal took effect on Sunday. LONDON, Jan 3- Oil prices hit 18- month highs on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and other big oil exporters to cut production, which kicked in on Sunday, will drain a global supply glut. U.S. light crude oil hit an 18- month high of $55.24, up $1.52 a barrel, also its highest since...

  • FRANKFURT, Jan 3- Global banking regulators have postponed a meeting at which they were expected to approve new capital rules designed to avert a repeat of the financial crisis, the Bank for International Settlements said on Tuesday. "More time is needed to finalize some work, including ensuring the framework's final calibration," the Basel Committee said on the...

  • *OPEC, non- OPEC cut deal took effect on Sunday. LONDON, Jan 3- Oil prices hit 18- month highs on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and non- OPEC members to cut production, which kicked in on Sunday, will drain a global supply glut. Benchmark Brent crude jumped more than 2 percent to a high of $58.37, up $1.55 a barrel and its highest...

  • *OPEC, non- OPEC cut deal took effect on Sunday. LONDON, Jan 3- Oil prices rose on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and non- OPEC members to cut production, which kicked in on Sunday, will drain a global supply glut. "First signals suggest the OPEC and non- OPEC production cuts are raising hopes that the global oil oversupply will...

  • *OPEC, non- OPEC cut deal took effect on Sunday. SEOUL, Jan 3- Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non- OPEC members to cut production, which kicked in on Sunday, will be effective in draining a global supply glut. Jan. 1 marked the official start of the deal agreed by the Organization of Petroleum Exporting...

  • *OPEC, non- OPEC cut deal took effect on Sunday. SEOUL, Jan 3- Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non- OPEC members to cut production, which kicked in on Sunday, will be effective in draining a global supply glut. Jan. 1 marked the official start of the deal agreed by the Organization of Petroleum Exporting...

  • *OPEC, non- OPEC cut deal took effect on Sunday. SEOUL, Jan 3- Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non- OPEC members to cut production, which kicked in on Sunday, will be effective in draining a global supply glut. Jan. 1 marked the official start of the deal agreed by the Organization of Petroleum Exporting...

  • *OPEC, non- OPEC cut deal took effect on Sunday. SEOUL, Jan 3- Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non- OPEC members to cut production, which kicked in on Sunday, will be effective in draining the global supply glut. Jan. 1 marked the official start of the deal agreed by the Organization of Petroleum Exporting...