World Economy International Organizations

  • *Iraq says it will cooperate to reach agreement. *But rising U.S. output could undermine OPEC cut. In post-settlement trading, oil futures pared gains after Reuters reported that OPEC experts did not agree on the details of a deal to cut output.

  • OIL FUTURES PARE GAINS AFTER SETTLEMENT AFTER REUTERS REPORTS OPEC EXPERTS DID NOT AGREE ON DETAILS OF OIL OUTPUT DEAL.

  • *OPEC experts meeting fails to resolve Iraq, Iran issues. VIENNA, Nov 28- OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non- OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement. A gathering of OPEC experts failed to reach a compromise on how exactly...

  • The coordination also included a dialog between Russia and OPEC member countries, the Kremlin said, adding that both men noted the importance of measures taken through OPEC to reduce output as a key factor in stabilizing the world oil market.

  • diplomats@ UNITED NATIONS, Nov 28- The United Nations Security Council is set to vote on Wednesday morning on a U.S.-drafted resolution to impose new sanctions on North Korea over its fifth and largest nuclear test conducted in September, diplomats said on Monday. Diplomats said the council's five veto-wielding powers- the United States, China, Britain, Russia...

  • PARIS, Nov 28- Global growth will pick up faster than previously expected in the coming months as the Trump administration's planned tax cuts and public spending fire up the U.S. economy, the OECD said on Monday, revising up its forecasts. The OECD was slightly less pessimistic about Britain's outlook than it was in September, as the central bank has helped ease the...

  • *Washington tax break for 777 X is prohibited subsidy- WTO. The ruling, which can be appealed by either side, comes as the United States ponders the first sanctions against the European Union in more than a decade over earlier subsidy rulings against Airbus. The WTO did not give a value for the banned aid in its latest ruling, but the EU estimated it at $5.7 billion out...

  • *No mention of Germany despite sharp rises in some cities. FRANKFURT, Nov 28- The residential property market risks overheating in eight European Union countries, including Britain, partly from unintended effects of ultra-low interest rates, the EU's financial risk watchdog said on Monday. The ESRB issued warnings to Austria, Belgium, Denmark, Finland,...

  • *Oil prices fluctuate on uncertainty regarding OPEC deal. The three major U.S. indexes closed higher for the third week in a row on Friday, with the S&P 500 notching its seventh record close since Nov. 8. The S&P 500 has jumped 3.4 percent since Nov. 8, while the small-cap Russell 2000 has soared 11.9 percent.

  • *No mention of Germany despite sharp rises in some cities. FRANKFURT, Nov 28- The residential property market is at risk of overheating in eight European Union countries, including Britain, partly due to the unintended effects of ultra low interest rates, the EU's financial risk watchdog said on Monday. Headed by European Central Bank President Mario Draghi, the...

  • *Iraq says it will cooperate to reach agreement. *But rising U.S. output could undermine OPEC cut. Market watchers expected prices to remain volatile until OPEC's Wednesday meeting offers the market a definitive answer as to whether OPEC and non- OPEC producers can agree cuts.

  • OIL PRICES PARE GAINS AFTER REUTERS REPORTS OPEC EXPERTS STILL DEBATING, YET TO RESOLVE DIFFERENCES OVER IRAN, IRAQ OIL OUTPUT.

  • Nov 28- Oil futures jumped on Monday after heavy falls in the previous session, reflecting volatility as OPEC officials try to salvage a deal to cut crude production ahead of a long-anticipated formal meeting of the group's ministers on Wednesday. But the chances of an agreement declined over the weekend after Saudi Arabia said oil markets would balance next...

  • GENEVA/ BRUSSELS, Nov 28- Airbus called on Monday for a global agreement to set rules for the aerospace industry after the World Trade Organization partially ruled in Europe's favour in the latest round of a marathon subsidy dispute with Boeing. "The panel has found that the additional massive subsidies of $5.7 billion provided by Washington state to Boeing are...

  • *Washington tax break for 777 X is prohibited subsidy- WTO. GENEVA, Nov 28- The World Trade Organization ruled on Monday a tax break from Washington state to help Boeing develop its new 777 X jetliner was a prohibited subsidy, in a setback for the U.S. planemaker as it eyes victory in a parallel case against Airbus. The WTO did not give a value for the banned aid, but the...

  • GENEVA, Nov 28- The World Trade Organization ruled on Monday that a tax break from Washington state to help U.S. planemaker Boeing develop its new 777 X jetliner was a prohibited subsidy. It rejected a complaint by the European Union against six further tax measures. The ruling, which can be appealed by either side, comes as the United States ponders potential...

  • WTO ADJUDICATORS SAY A WASHINGTON STATE TAX BREAK IS A PROHIBITED SUBSIDY FOR BOEING.

  • WTO RULING, WHICH CAN BE APPEALED BY EITHER SIDE, IS THIRD CASE IN LONG-RUNNING BOEING-AIRBUS TRADE BATTLE.

  • EUROPEAN UNION WINS PARTIAL VICTORY IN WORLD TRADE ORGANIZATION DISPUTE OVER U.S.

  • FRANKFURT, Nov 28- German arms manufacturer Heckler& Koch will no longer sign contracts to supply countries outside of NATO's influence because it has become too difficult to obtain government approval for such deals, news agency DPA reported on Monday. The company, one of the world's best-known gunmakers, will in future only sell to countries that are...