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World Economy International Organizations

  • *OPEC cuts will quickly reduce global crude inventory- ANZ. TOKYO, Jan 30- Oil prices extended declines on Monday, dragged down by signs of growing output in the United States that could partly offset output cuts by OPEC and other producers. London Brent crude for March delivery had dropped 28 cents to $55.24 a barrel by 0417 GMT, after settling down 72 cents on Friday.

  • TOKYO, Jan 30- Oil prices extended declines on Monday, dragged down by signs of growing output in the United States that would partly offset production cuts by OPEC and other producers. London Brent crude for March delivery was down 26 cents at $55.26 a barrel by 0005 GMT after settling down 72 cents on Friday. "However we expect the reductions being made by OPEC will...

  • CARACAS, Jan 29- Venezuela's president on Sunday created an executive vice president post and named new vice presidents to lead PDVSA in what he described as a shake-up of the state oil company and an effort to root out corruption in the OPEC nation's principal industry. Venezuelan President Nicolas Maduro kept Eulogio Del Pino as PDVSA president but created a...

  • BRUSSELS, Jan 29- Greece's public debt can be manageable, the euro zone bailout fund said on Sunday, responding to a leaked report by the International Monetary Fund that the country's debt will explode to 275 percent of GDP by 2060.. The spokesman said, however, that the euro zone had promised to offer Greece additional debt relief if Athens delivers on all its...

  • The international arrivals terminal is viewed at New York's John F. Kennedy Airport.

    The impact of key travel restrictions were already resonating at airports around the world, NBC News reports.

  • U.S. President Donald Trump looks on following a swearing-in ceremony for Defense Secretary James Mattis at the Pentagon in Washington, U.S., January 27, 2017

    President Donald Trump caps a busy week by speaking with the leaders of major world powers, NBC News reports.

  • Nikki Haley, Governor, South Carolina

    The newly minted US Ambassador to the world body put member states on notice, NBC News reports.

  • BERLIN, Jan 28- Adidas Chief Executive Kasper Rorsted is very worried about the effects of Europe's failure to solve its problems, German newspaper Die Welt reported. European Union leaders are grappling with the challenges of migration, a lingering euro crisis, the rise of right-wing populist parties and the wider ramifications of Britain's vote to the leave...

  • *OPEC- led group aims for 1.8 million bpd cut in first half. NEW YORK, Jan 27- Oil prices slipped on Friday, extending losses after data suggested drilling is ramping up in the United States, prompting investor concern about how effective OPEC and other producers will be at supporting prices by cutting supplies. "Supply is a big factor right now and you have the U.S....

  • MONTREAL, Jan 27- Canada's newly appointed Trade Minister Francois-Philippe Champagne said on Friday he has told Brazil he is open to resolving a feud over funding for jet maker Bombardier without turning to the World Trade Organization. While Canada would defend itself against any WTO action by Brazil over a $2.5 billion injection by the province of Quebec...

  • TORONTO, Jan 27- General Motors Co will cut 625 jobs at its auto assembly plant in Ingersoll, Ontario, by the end of July as it moves some production work to Mexico, the president of Canada's largest auto workers union said on Friday. President Donald Trump, who has vowed to renegotiate NAFTA with Canada and Mexico, met with the chief executives of the Big Three U.S....

  • OTTAWA, Jan 27- Canada's newly appointed trade minister Francois-Philippe Champagne said on Friday he has told Brazil he is open to resolving a feud over funding for jet maker Bombardier without turning to the World Trade Organization.

  • Jan 27- U.S. energy companies this week added oil rigs for a 12th week in the last 13, extending an eight-month recovery as drillers take advantage of a deal by OPEC to cut production that has kept crude prices over $50 a barrel since early December. U.S. crude collapsed from over $107 a barrel in June 2014 to near $26 in February 2016. U.S. crude futures were trading...

  • *OPEC- led group aims for 1.8 million bpd cut in first half. NEW YORK, Jan 27- Oil prices slipped on Friday, extending losses after data suggested drilling is ramping up in the United States, easing the focus on efforts by OPEC and other producers to support prices by cutting supplies. U.S. crude futures for March delivery fell 98 cents, or 1.8 percent, to $52.80 a barrel at...

  • The results showed that Wall Street analysts overestimated how much the No. 2 U.S. oil producer could improve with cost cuts in the quarter after two years of lackluster results. Like many U.S. oil producers, Chevron has benefited from the OPEC oil cartel's move to curtail production, which has helped lift crude prices in recent months. The California- based...

  • Jan 27- U.S. energy companies this week added oil rigs for a 12th week in the last 13, extending an eight-month recovery as drillers take advantage of a deal by OPEC to cut production that has kept crude prices over $50 a barrel since early December. U.S. crude collapsed from over $107 a barrel in June 2014 to near $26 in February 2016. U.S. crude futures were trading...

  • LONDON Jan 27- OPEC oil output is set to fall by 900,000 barrels per day this month, a company that tracks OPEC supply said on Friday, pointing to a strong start by the exporter group in implementing a supply cut deal. "OPEC supply is on track to decrease by 900,000 bpd in January, suggesting a high level of compliance thus far into the production curtailment agreement,"...

  • *OPEC- led group aims for 1.8 million bpd cut in first half. NEW YORK, Jan 27- Oil prices slipped on Friday, giving up gains from earlier in the day, as the market shifted its focus towards production increases in the United States and away from efforts by OPEC and other producers to support prices by cutting supplies. "Supply is a big factor right now and you have the U.S....

  • *Canadian dollar at C $1.3111, or 76.27 U.S. cents. U.S. crude prices were down 1.15 percent at $53.16 a barrel, giving up gains from earlier in the day, as the market shifted its focus towards production increases in the United States from efforts by OPEC and other producers to support prices by cutting output. At 9:32 a.m. ET, the Canadian dollar was trading at C...

  • BRUSSELS, Jan 27- Germany called on the European Union on Friday to speed deals to open trade with a dozen or more countries, mainly in Asia, and to boost support for free trade around the world in response to scepticism about it from new U.S. Listing 12 countries, mainly in Asia, that are at varying stages of talks with Brussels, where the EU executive runs trade policy,...