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World Economy International Organizations

  • *Canadian dollar at C $1.3656, or 73.27 U.S. cents. TORONTO, May 10- The Canadian dollar strengthened on Wednesday against the U.S. dollar as oil prices rallied following a drop in U.S. inventories and after more countries supported an extension to OPEC supply cuts. Iran and Algeria also joined Saudi Arabia in supporting an extension to OPEC supply cuts.

  • Iraq, Algeria favor OPEC cut extension- minister. NEW YORK, May 10- Oil prices rose more than 3 percent on Wednesday, bolstered by the biggest one-week drop in U.S. inventories so far this year, and after Iraq and Algeria joined Saudi Arabia in supporting an extension to OPEC supply cuts. Some analysts questioned the staying power of the sharp price rebound, given...

  • *Iraq, Algeria favour OPEC cut extension- minister. NEW YORK, May 10- Oil prices rose more than 3.5 percent on Wednesday, bolstered by the biggest one-week drop in U.S. inventories so far this year, and after Iraq and Algeria joined Saudi Arabia in supporting an extension to OPEC supply cuts. Concerns about rising output from the United States, Libya and Nigeria still...

  • WASHINGTON, May 10- Finance officials from the Group of Seven industrial economies this week will discuss U.S. G7 ministers from Europe, Japan and Canada have expressed hope that the Thursday to Saturday meeting in the Adriatic port city of Bari, Italy will enlighten them on Trump's agenda. He added that there were also risks in some emerging markets that could...

  • BERLIN, May 10- After cheering Emmanuel Macron's win over his far-right rival in the French presidential election, a row has broken out within German Chancellor Angela Merkel's coalition government over how to respond to his calls for closer European integration. Foreign Minister Sigmar Gabriel of the centre-left Social Democrats accused his cabinet...

  • ALGIERS/ BAGHDAD, May 10- Algeria and Iraq are in favor of extending OPEC and non- OPEC producers' deal on global oil supply cuts for a further six months, the Algerian energy ministry said on Wednesday. "Iraq is on board with extending the deal in the next OPEC meeting to help stabilize oil prices and balance the market," said the source. The Organization of the Petroleum...

  • ALGIERS/ BAGHDAD, May 10- Algeria and Iraq are in favour of extending OPEC and non- OPEC producers' deal on global oil supply cuts for a further six months, the Algerian energy ministry said on Wednesday. "Iraq is on board with extending the deal in the next OPEC meeting to help stabilise oil prices and balance the market," said the source. The Organization of the...

  • *Iraq, Algeria favour OPEC cut extension- minister. NEW YORK, May 10- Oil prices rose on Wednesday, bolstered by the biggest one-week drop in U.S. inventories so far this year, and after Iraq and Algeria joined Saudi Arabia in supporting an extension to OPEC supply cuts. Concerns about rising output from the United States, Libya and Nigeria continue to weigh on markets,...

  • *Iraq, Algeria favour OPEC cut extension- minister. LONDON, May 10- Oil prices rose on Wednesday after Iraq and Algeria joined Saudi Arabia in supporting an extension to OPEC supply cuts and U.S. crude inventories fell more than expected. But the rise failed to recoup last week's losses with concerns about rising output from the United States, Libya and Nigeria...

  • BRUSSELS, May 10- The European Union plans to launch more antitrust investigations into e-commerce companies after a two-year inquiry uncovered business practices that restrict competition, the European Commission said on Wednesday. "Certain practices by companies in e-commerce markets may restrict competition by unduly limiting how products are...

  • This follows an EU proposals to remove barriers in online services to improve European companies' chances of competing against U.S. tech giants.

  • LONDON, May 10- The European Union should think carefully before forcing through any changes to where clearing of euro-denominated securities like derivatives and bonds is located after Brexit, the top U.S. derivatives regulator said on Wednesday. Brussels is looking at whether euro-denominated clearing, an activity dominated by London, should be moved to...

  • MOSCOW, May 10- Russia has steeply raised Urals oil supplies to India, taking market share from OPEC countries that are cutting production as part of a global pact to prop up prices, traders said and shipping reports showed on Wednesday. India's main crude suppliers, Saudi Arabia and Iraq, cut exports to India this year due to production curbs under the agreement...

  • BRUSSELS, May 10- The European Union plans to launch more antitrust investigations into e-commerce companies after a two-year inquiry uncovered practices that restrict competition, the European Commission said on Wednesday. In its report following the initial inquiry, the European Commission said there was an increased use of contractual restrictions...

  • *EU presents mid-term review of digital strategy. BRUSSELS, May 10- The European Union executive is. The European Commission said on Wednesday in a mid-term review of its digital strategy it would prepare an initiative by the end of the year to address unfair contractual clauses and trading practices in relations between platforms and businesses, prompting...

  • *EU presents mid-term review of digital strategy. BRUSSELS, May 10- The European Union executive is. The European Commission said on Wednesday in a mid-term review of its digital strategy it would prepare an initiative by the end of the year to address unfair contractual clauses and trading practices in relations between platforms and businesses.

  • MOSCOW, May 10- Russia has steeply raised Urals oil supplies to India, taking market share from OPEC countries that are cutting production as part of a global pact to prop up prices, traders said and shipping reports showed on Wednesday. India's main crude suppliers, Saudi Arabia and Iraq, cut exports to India this year due to production curbs under the agreement...

  • *EU presents mid-term review of digital strategy. BRUSSELS, May 10- The European Union executive is planning a law to target unfair practices by leading online players such as Apple and Google that smaller European competitors say is an abuse of their market positions. The European Commission said on Wednesday it would prepare an initiative by the end of the...

  • *OPEC to meet in Vienna later this month. LONDON, May 10- Oil prices rose on Wednesday after a larger than expected fall in U.S. crude inventories and on attempts by OPEC to rebalance an oversupplied market by cutting output. Oil was also buoyed by a Reuters report on Wednesday that Saudi Arabia would cut crude supplies to Asia.

  • *Saudi cuts supplies to meet OPEC output commitments. TOKYO, May 10- Saudi Arabia, the world's biggest oil exporter, has notified at least two Asian refiners of its first cuts in crude allocations for regional buyers since an OPEC output reduction took effect in January, two refining sources told Reuters on Wednesday. OPEC has previously kept supplies to clients...