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World Economy International Organizations

  • SEOUL, Dec 16- World Trade Organisation access, whereby Britain would rely on its WTO membership for access to European markets, would not be the best outcome of Brexit, Britain's finance minister, Philip Hammond, said on Friday. "In my view, the WTO option would not be the most favoured outcome," Hammond told reporters at an event in the South Koran capital, Seoul.

  • BRUSSELS, Dec 15- European Union leaders agreed their plan for Brexit negotiations on Thursday, pledging to move swiftly and stick together to ensure Britain does not cherry pick a sweet deal that might inspire others to unstitch the bloc. After months in which exasperated continentals have mocked divisions within May's government over what kind of deal...

  • BRUSSELS, Dec 15- European Union leaders agreed on Thursday how they will organise negotiations with Britain that they expect to start within four months. With no deal, Britain would still be out but with loose ends. But London judges may upset May's timetable over legal bids to give lawmakers more say on Brexit.

  • BRUSSELS, Dec 15- European Union leaders agreed on Thursday how they will organise negotiations with Britain that they expect to start within four months. With no deal, Britain would still be out but with loose ends. But London judges may upset May's timetable over legal bids to give lawmakers more say on Brexit.

  • BRUSSELS, Dec 15- European Union leaders agreed on Thursday how they will organize negotiations with Britain that they expect to start within four months. With no deal, Britain would still be out but with loose ends. But London judges may upset May's timetable over legal bids to give lawmakers more say on Brexit.

  • BRUSSELS, Dec 15- European Union leaders agreed on Thursday how they will organize negotiations with Britain that they expect to start within four months. With no deal, Britain would still be out but with loose ends. But London judges may upset May's timetable over legal bids to give lawmakers more say on Brexit.

  • BRUSSELS, Dec 15- European Union leaders agreed on Thursday to extend economic sanctions against Russia over the turmoil in Ukraine until mid-2017, though some wanted a longer timespan over fear U.S. The bloc slapped sanctions on Russia after it annexed Ukraine's Black Sea peninsula of Crimea from Ukraine in 2014 and stepped them up as Moscow went on to support...

  • ACCRA, Dec 15- The World Bank Group said on Thursday it two of its units would provide another $517 million to Ghana in debt and guarantees to support the $7.7 billion Sankofa oil and gas project developed by Italy's ENI SpA and upstream trader Vitol Ghana. "Sankofa is expected to generate $2.3 billion in revenues for Ghana's government per year and provide a...

  • BRUSSELS, Dec 15- European Central Bank President Mario Draghi discussed the prospect of a new U.S. stimulus programme under President-elect Donald Trump during talks with EU leaders on Thursday, German Chancellor Angela Merkel said. "played a role in the report of Mario Draghi with regard to the the interest rate decision in the United States, and the question...

  • ACCRA, Dec 15- The World Bank Group said on Thursday it would provide $517 million to Ghana in debt and guarantees to support the $7.7 billion Sankofa oil and gas project being developed by Italy's ENI and upstream trader Vitol Ghana. "Sankofa is expected to generate $2.3 billion in revenues for Ghana's government per year and provide a stable, long-term source of...

  • *Brent fails to break $53 a barrel technical support. *OPEC members to cut oil deliveries to Asia customers in January. NEW YORK, Dec 15- Oil settled little changed on Thursday after sliding to its lowest level in a week in volatile trade, but a surging dollar did not pressure prices below technical support levels as OPEC members told customers they would cut crude...

  • BRUSSELS, Dec 15- European Union leaders agreed on Thursday to spell out limits to a landmark cooperation accord with Ukraine in order to address Dutch concerns and prevent the deal from unravelling. The so-called association agreement establishes closer political ties and aims to free up trade between Ukraine and the bloc as the former Soviet republic...

  • *Brent fails to break $53 a barrel technical support. *OPEC members to cut oil deliveries to Asia customers in January. NEW YORK, Dec 15- Oil prices reversed earlier losses and turned slightly positive on Thursday after failing to break below technical support levels and as OPEC members told customers they would cut crude supplies as part of the cartel's...

  • Geneva- based Petro-Logistics earns money from the lack of timely and complete information from OPEC members and other oil exporters like Russia in the 95 million barrels-per-day global market, by tracking shipments to estimate production and supply. The deal will heighten interest in assessments of OPEC production, to see the extent to which it makes good...

  • WASHINGTON, Dec 15- The World Bank said on Thursday that 48 governments have ratcheted up the fight against extreme poverty by committing $75 billion in new funds to the International Development Association, the bank's fund for the poorest countries. The replenishment will enable IDA to scale up development interventions to tackle conflict, fragility and...

  • At the start of a summit when EU leaders will for the first time have dinner without the British prime minister, May sought to reinforce her message that, while still a member, Britain will play a full part in discussions on European Union issues. But the summit is focused on other matters, including curbing migration from Africa and on building up defences against...

  • DUBAI/ LONDON, Dec 15- Saudi Arabia has long said it could produce as much as 12 million barrels per day of oil if needed, but that pump-at-will claim- which would require huge capital spending to access spare capacity- has never been tested. With tight resources, Saudi Arabia found itself weighing the prospect of investing billions of dollars to raise oil output...

  • SINGAPORE, Dec 15- Oil prices stabilized on Thursday as a tighter market loomed in 2017 due to planned output cuts led by OPEC and Russia, after sharp declines earlier following Wednesday's U.S. interest rate increase that drove investors out of commodities. ANZ bank said on Thursday that oil markets would move into a substantial deficit in the first quarter of...

  • SINGAPORE, Dec 15- Oil prices stabilized on Thursday as a tighter market loomed in 2017 due to planned output cuts led by OPEC and Russia, after sharp declines earlier following Wednesday's U.S. interest rate increase that drove investors out of commodities. ANZ bank said on Thursday that oil markets would move into a substantial deficit in the first quarter of...

  • SINGAPORE, Dec 15- Oil prices stabilized on Thursday as a tighter market looms in 2017 due to planned output cuts led by OPEC and Russia, after sharp declines earlier following Wednesday's U.S. interest rate increase that drove investors out of commodities. ANZ bank said on Thursday that oil markets would move into a substantial deficit in the first quarter of...