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World Economy International Organizations

  • UNITED NATIONS— A U.N. committee has added 32 items that have both civilian and military uses to a list of prohibited goods and technologies banned from sale or transfer to North Korea. The committee that monitors sanctions against North Korea says in a report to the Security Council circulated Monday that the additions range from boxes that can use used to...

  • *Iraq, Saudi Arabia hail OPEC cooperation. NEW YORK, Oct 23- Oil prices were little changed on Monday as supply disruptions in Iraq dented exports out of OPEC's second largest producer and amid signs of a decline in U.S. drilling rates. Oil exports from southern Iraq have fallen by 110,000 barrels per day this month, according to shipping data and an industry source,...

  • HAMBURG/ BERLIN, Oct 23- European Union and German antitrust officials searched the offices of Daimler and Volkswagen on Monday, widening an inquiry into alleged collusion. German magazine Der Spiegel reported in July that Volkswagen, its units Porsche and Audi, Daimler's Mercedes and BMW may have used industry committee meetings to fix the size of tanks for...

  • *Iraq says boosting exports from its southern region. *Iraq, Saudi Arabia hail OPEC cooperation. AMSTERDAM, Oct 23- Oil prices held on to last week's gains on Monday, supported by supply disruptions in Iraq and a drop in U.S. drilling.

  • HAMBURG/ BERLIN, Oct 23- European Union antitrust officials widened an investigation of alleged collusion between Germany's top carmakers on Monday, with both Daimler and Volkswagen becoming the latest targets of the inspections. It said on Monday that European Commission officials had started a search of its premises. "The inspections are related to...

  • *Iraq says boosting exports from its southern region. *Iraq, Saudi Arabia hail OPEC cooperation. AMSTERDAM, Oct 23- Oil prices held on to last week's gains on Monday, supported by supply disruptions in Iraq and a drop in U.S. drilling.

  • OTTAWA, Oct 23- After back-to-back interest rates hikes, the Bank of Canada can stay on the sidelines for longer than first anticipated, with tighter mortgage rules slowing the housing market and uncertainty about NAFTA clouding the outlook. Moreover, the Bank of Canada needs to assess how hikes in July and September play out, particularly since new mortgage...

  • *Iraq supplies cut amid fighting between govt forces, Kurds. *Iraq, Saudi Arabia hail OPEC cooperation. AMSTERDAM, Oct 23- Oil prices largely held on to last week's gains on Monday, supported by supply disruptions in Iraq and a drop in U.S. drilling.

  • LONDON— The Latest on Britain's talks to leave the European Union:. Britain wants to start discussing trade and future relations with the bloc. May has said Britain will pay what it owes but the amount Britain has suggested, around 20 billion euros, falls far short of the EU estimate of 60 billion euros.

  • LONDON— Britain's biggest business groups called on the government Monday to quickly agree to a transition period of at least two years following the country's exit from the European Union to provide certainty about trade as companies make critical decisions about jobs and investment. "Agreement is needed as soon as possible, as companies are preparing to...

  • MUNICH/ BRUSSELS, Oct 20- BMW's headquarters were raided by European Union officials investigating an alleged cartel among German carmakers, it said on Friday, as rival Daimler claimed whistleblower status in an effort to avoid fines. EU staff had "conducted an inspection" at BMW's Munich offices this week, the premium carmaker said in a statement, adding that it...

  • HOUSTON, Oct 20- Venezuela's state-run petroleum firm PDVSA has been barred from using a NuStar Energy oil storage terminal in the Caribbean over $26 million in unpaid bills, according to documents reviewed by Reuters, halting delivery of a cargo to an oil trader. Shipping delays and quality concerns also are jeopardizing the OPEC- member country's crude sales,...

  • BEIJING/ BRUSSELS, Oct 20- The European Commission launched an investigation on Friday into the import of electronic bikes, or e-bikes, from China, prompting Beijing to warn Europe not to slip into protectionism. China's commerce ministry said it would defend its companies' interests and urged the EU to respect World Trade Organization rules.

  • *EU says Britain must address divorce bill to unlock talks. BRUSSELS, Oct 20- British Prime Minister Theresa May won a modest reprieve in stalled Brexit talks on Friday, with European Union leaders signalling their readiness to move the negotiations forward in the coming months. French President Emmanuel Macron was tougher, saying the two sides had not yet...

  • WASHINGTON, Oct 20- The United States does not aim to impede European trade and business transactions with Iran despite President Donald Trump's decision last week to decertify the 2015 nuclear agreement, Secretary of State Rex Tillerson told the Wall Street Journal. European Union leaders in Brussels on Thursday highlighted the need to protect their...

  • BRUSSELS— Spanish prime minister accuses Catalan separatists of going against' basic principles of the European Union'.

  • BEIJING, Oct 20- China's commerce ministry said it will defend Chinese companies' interests amid an EU investigation into Chinese electric bicycles, and urged the European Union to respect World Trade Organization rules. He said the European Commission had launched the investigation on Friday and warned the EU to not let it become a "new case of trade...

  • *Nigeria promised to cap output at 1.8 mln bpd of crude. *Estimates of Nigeria's crude output: http://tmsnrt.rs/2xTcNOM. LONDON, Oct 20- When OPEC agreed to exempt Nigeria from its oil production-restraint deal last year, it knew the country faced a huge challenge in recouping output lost due to militant unrest.

  • BRUSSELS— The Latest on the Brexit talks between European Union leaders:. Germany's main business group is supporting European Union leaders' refusal to move ahead immediately with talks on the future relationship with Britain. Britain had originally hoped to expand talks to the future relationship immediately.

  • BRUSSELS— Leaders of Britain and the 27 other European Union members agreed Friday that much remains to be done in Brexit talks amid deep divisions about the terms of their breakup, particularly on how much London should pay in the divorce. While EU President Donald Tusk said that "reports of a deadlock between the European Union and the United Kingdom have been...