World Economy International Organizations

  • 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...

  • *Oil prices fluctuate on uncertainty regarding OPEC deal. Nov 28- U.S. stocks were lower on Monday, weighed down by financial and consumer discretionary stocks, as some investors cashed in after a record-setting week. The dollar had been on a tear on expectations that President-elect Donald Trump's infrastructure spending plans would boost inflation.

  • *But rising U.S. output could undermine OPEC cut. Brent crude futures were $1.10 higher at $48.34 per barrel by 1410 GMT, after falling in early morning trade, clawing back losses and falling again. 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...

  • *But rising U.S. output could undermine OPEC cut. Brent crude futures were $1.10 higher at $48.34 per barrel by 1410 GMT, after falling in early morning trade, clawing back losses and falling again. 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...

  • LONDON, Nov 28- The European Union has proposed rules for dealing with failing clearing houses to try to stop the rapidly growing sector from becoming "too big to fail" and holding taxpayers to ransom in a crisis. Clearing houses stand between two sides of a stock, bond or derivatives transaction, ensuring its completion even if one side goes bust.

  • *Oil prices fluctuate on uncertainty regarding OPEC deal. Nov 28- U.S. stocks looked set to open lower on Monday, after the three major indexes extended their post-election rally and closed at record highs last Friday. Investors also awaited a referendum on constitutional reform in Italy on Sunday.

  • LONDON, Nov 28- The dollar steadied after its biggest fall in almost a month on Monday, as doubts about a long-mooted OPEC output cut unsettled oil markets and "Trumpflation" trades that have gripped investors since the U.S. election. Crude prices stumbled into the red as Wall Street prepared for a lower opening after the post- Thanksgiving weekend and both...

  • *Mood subdued as OPEC experts gather in Vienna. 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. OPEC experts started a meeting in Vienna at 0900 GMT and were due to make...

  • *But rising U.S. output could undermine OPEC cut. LONDON, Nov 28- Oil prices gained more than one percent on Monday in volatile trading after falling as much as 2 percent, recouping the losses as the market reacted to the shaky prospect of major producers being able to agree output cuts at a meeting on Wednesday. "There's going to be speculation until the meeting that...

  • *Oil prices were lower in choppy trading as the market grappled over the shaky prospect of OPEC producers being able to agree output cuts at a meeting on Wednesday aimed at reining in global oversupply. Investors also awaited a referendum on constitutional reform in Italy on Sunday. *The dollar had been on a tear on expectations that President-elect Donald...

  • LONDON, Nov 28- The European Union has proposed rules for dealing with failing clearing houses to try to stop the rapidly growing sector from becoming "too big to fail" and holding taxpayers to ransom in a crisis. "This proposal will strengthen Europe's financial system further and aims at protecting taxpayers by ensuring we can deal with a central counterparty...

  • LONDON, Nov 28- Saudi Arabia is trying to re-establish some negotiating leverage within OPEC by threatening to block an output cutting deal unless other members share more of the burden. For two years between mid-2014 and mid-2016, Saudi Arabia took the hardest line within OPEC, insisting it would only cut output if joined by all other OPEC and major non- OPEC...

  • *But rising U.S. output could undermine OPEC cut. Brent crude futures fell as far as 2 percent before clawing back to trade up 29 cents at $47.44 per barrel at 1008 GMT. The statement added to simmering disagreement between OPEC and non- OPEC crude exporters such as Russia over who should cut production by how much.

  • *But rising U.S. output could undermine OPEC- cut. Brent crude futures fell as far as 2 percent before clawing back to trade 29 cents at $47.44 per barrel at 1008 GMT. The statement added to simmering disagreement between OPEC and non- OPEC crude exporters such as Russia over who should cut production by how much.

  • *Mood subdued as OPEC experts gather in Vienna. 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. OPEC experts started a meeting in Vienna at 0900 GMT and were due to make...

  • LONDON, Nov 28- The dollar saw its biggest drop in almost a month on Monday as a bashing for oil prices on doubts about an OPEC output cut this week left investors reversing "Trumpflation" trades that have gripped markets since the U.S. election. Crude prices and Europe's main stock markets were down over 1 percent in early European trading as Italian shares also...

  • *FTSE 100 down in morning session. LONDON, Nov 28- Britain's top share index retreated on Monday pulled lower by energy shares hit by a decline in oil prices and financial shares concerned over Italian banks. "Energy stocks drag the FTSE down at the start of the week as uncertainty over an OPEC agreement looms," Jawaid Afsar, senior trader at Securequity, said.