World Economy International Organizations

  • *OPEC lowers 2016 demand growth forecast. *Saudi Falih says oil price above $50 per barrel needed. OPEC cut its forecast for world economic growth this year citing increased uncertainty following Britain's vote to leave the European Union and in its first 2017 forecast said the pace of oil demand growth would slip.

  • PARIS, July 12- France's public deficit targets are at risk in the coming years because the government may fail to rein in spending fast enough, the IMF warned on Tuesday as it trimmed its 2017 growth outlook due to Brexit concerns. In an annual in-depth review on the French economy, the International Monetary Fund stuck with a preliminary forecast for growth this...

  • BRUSSELS, July 12- A new commercial data pact between the European Union and the United States entered into force on Tuesday, ending months of uncertainty over cross-border data flows, and companies such as Google, Facebook and Microsoft can sign up from Aug. 1. Revelations three years ago from former U.S. intelligence contractor Edward Snowden of mass U.S....

  • LONDON, July 12- OPEC on Tuesday was upbeat on the oil market outlook for 2017, saying global demand for its crude would be higher than its current production and excess oil inventories would be whittled down. "After the UK's referendum to leave the EU, economic uncertainty has increased," OPEC said in the report. World oil demand will rise by 1.15 million barrels per...

  • LONDON, July 12- Britain will not rush to trigger divorce proceedings with the European Union, a leading ally of incoming Prime Minister Theresa May said on Tuesday as David Cameron bowed out at his final cabinet meeting. She will face the enormous task of disentangling Britain from a forest of EU laws, accumulated over more than four decades, and negotiating new...

  • BRUSSELS, July 12- A new commercial data pact between the European Union and the United States entered into force on Tuesday, ending months of uncertainty over cross-border data flows, and companies such as Google, Facebook and Microsoft can sign up from Aug. 1. Revelations three years ago from former U.S. intelligence contractor Edward Snowden of mass U.S....

  • LONDON, July 12- OPEC cut its forecast for world economic growth this year on Tuesday, citing increased uncertainty following Britain's vote to leave the EU and said the pace of oil demand growth would slow slightly next year in its first 2017 forecast. "After the UK's referendum to leave the EU, economic uncertainty has increased," OPEC said in the report.

  • BRUSSELS, July 12- A new commercial data pact between the European Union and the United States entered into force on Tuesday, ending months of uncertainty over cross-border data flows, and companies such as Google, Facebook and Microsoft can sign up from Aug. 1. Revelations three years ago from former U.S. intelligence contractor Edward Snowden of mass U.S....

  • LONDON, July 12- Britain will not rush to trigger divorce proceedings with the European Union, a leading ally of incoming Prime Minister Theresa May said on Tuesday as David Cameron bowed out at his final cabinet meeting. She will face the enormous task of disentangling Britain from a forest of EU laws, accumulated over more than four decades, and negotiating new...

  • The group has claimed responsibility for a series of attacks in Nigeria's southern oil hub. The militants, whose attacks briefly pushed Nigeria's crude production to 30- year lows in spring, have said they want a greater share of the OPEC member's energy wealth to go to the impoverished southern Niger Delta, the source of most of the country's oil.

  • The group has claimed responsibility for a series of attacks in Nigeria's southern oil hub. The militants, whose attacks briefly pushed Nigeria's crude production to 30- year lows in spring, have said they want a greater share of the OPEC member's energy wealth to go to the impoverished southern Niger Delta, the source of most of the country's oil.

  • IMF SAYS ITALY HAS SCOPE TO RECAPITALISE BANKS IF NECESSARY UNDER EXISTING EU RULES.

  • IMF SAYS ITALY'S WEAK GROWTH COULD HURT EUROPEAN, WORLD ECONOMY.

  • IMF CUTS ITALY GDP FORECAST TO "JUST UNDER 1 PCT" IN 2016, AROUND 1 PCT IN 2017.

  • ROME, July 12- Italy's economy will grow by less than one percent this year and only marginally faster in 2017, the International Monetary Fund said on Tuesday, cutting its previous forecasts as a result of Britain's decision to leave the European Union. The outcome of last month's referendum in Britain has heightened volatility on financial markets and...

  • *Theresa May to succeed him as UK prime minister. *Angela Eagle challenges for leadership of Labour Party. LONDON, July 11- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics.

  • *Theresa May to succeed him as UK prime minister. *Angela Eagle challenges for leadership of Labour Party. LONDON, July 11- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics.

  • *Theresa May to succeed him as UK prime minister. *Angela Eagle challenges for leadership of Labour Party. LONDON, July 11- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics.

  • *Theresa May to succeed him as UK prime minister. *Angela Eagle challenges for leadership of Labour Party. LONDON, July 11- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics.

  • *Theresa May to succeed him as UK prime minister. LONDON, July 11- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. TODAY May to replace Cameron Wednesday as pro-Brexit rival quits UK PM race.