World Economy International Organizations

  • BRUSSELS, March 26- Euro zone banks face no imminent risks from a no-deal Brexit, the head of the European Union agency responsible for dealing with failing lenders said on Tuesday.

  • *OPEC- led supply cuts, U.S. sanctions tighten market. *Another blackout hits OPEC member Venezuela. LONDON, March 26- Oil rose further above $67 a barrel on Tuesday as OPEC supply cuts and expectations of lower U.S. inventories outweighed concern about weaker demand due to an economic slowdown.

  • CORRECTED-IMF DEPUTY MANAGING DIRECTOR ZHANG TAO SAYS TRADE TENSIONS COULD CUT ASIA'S ECONOMIC GROWTH BY 0.9 PERCENTAGE POINT.

  • BOAO, China, March 26- Trade tensions between the U.S. and China have caused huge amounts of economic uncertainty and could cut Asia's economic growth by 0.9 percentage point, a senior International Monetary Fund official said on Tuesday.

  • *OPEC, Russia crude output: https://tmsnrt.rs/2CHr95d. Brent crude oil futures settled at $67.21 a barrel, up 18 cents, while U.S. crude fell to $58.82 a barrel, down 22 cents. The market is now looking ahead to weekly data on U.S. crude inventories, McGillian said, beginning with Tuesday's report from the American Petroleum Institute, an industry group, followed by...

  • JAKARTA, March 25- Indonesia's government said on Monday it will encourage the country's palm oil companies to file lawsuits against the European Union if the bloc goes ahead with a plan to phase out use of the commodity in renewable transport fuel. Indonesia, the world's biggest palm oil producer, has strongly condemned the EU move to classify palm as a crop that...

  • President Donald Trump spoke by phone with German Chancellor Angela Merkel on Friday to discuss a range of issues including trade and NATO funding, the White House and a senior administration official said. A White House statement said the conversation covered issues including trade, the Brexit debate in Britain, and upcoming meetings.

  • WASHINGTON, March 22- The Inter-American Development Bank on Friday canceled a meeting of its member countries due to be held in China next week after Beijing refused to allow a representative of Venezuelan opposition leader Juan Guaido to attend, two sources with knowledge of the decision said. The sources said the decision was made by the board of the IADB, the...

  • WASHINGTON, March 22- The Inter-American Development Bank on Friday canceled its annual meeting in China for next week after Beijing refused to allow a representative of Venezuelan opposition leader Juan Guaido to attend, two sources with knowledge of the decision said. The sources said the decision to call off the meeting was made by the board of the IADB, the...

  • BRUSSELS, March 22- The council of European Union leaders on Friday appointed Philip Lane, the current governor of the Irish central bank, to the Executive Board of the European Central Bank, where he is due to serve as Chief Economist, the council said in a statement. Lane's eight-year term begins on June 1. The announcement, which was earlier ratified by the...

  • BRUSSELS, March 22- EU leaders said on Friday the bloc must recognize that China is as much a competitor as a partner, after calls for a more assertive policy towards Beijing over the openness of Chinese markets and the role of state-led firms. EU leaders had been intending to discuss China on Thursday at their summit, but their schedule was blown off course by a long...

  • BRUSSELS, March 22- The president of the European Central Bank, Mario Draghi, told European Union leaders on Friday that companies have to increase their preparations for a possible no-deal Brexit, an EU source said. Draghi's comments came the day after EU leaders agreed at a summit in Brussels to give Britain a final chance to leave the bloc with a deal, extending...

  • WASHINGTON, March 21- The United States on Thursday threatened to pull out of the annual meeting of the Inter-American Development Bank in China next week if Beijing refuses to allow a representative of Venezuelan opposition leader Juan Guaido to attend. The Washington- based IADB, the biggest lender to Latin America, voted last week to replace Venezuelan...

  • BRUSSELS, March 21- Britain could leave the European Union without a Brexit deal on April 12 if lawmakers fail next week to back Prime Minister Theresa May's agreement with Brussels, EU leaders said after a crisis summit in Brussels on Thursday. With just a week to go until Britain risks lurching out into legal limbo at midnight next Friday, EU leaders gave May an...

  • BRUSSELS, March 21- British Prime Minister Theresa May failed to reassure European Union leaders on Thursday that she can secure a deal at home next week on an orderly Brexit, diplomats said, prompting frantic talks on how to ease Britain out without a deal. With just a week left until Britain is due to quit the bloc, leaders scrapped planned talks on Chinese trade...

  • WASHINGTON, March 21- The United States on Thursday threatened to pull out from the annual meeting of the Inter-American Development Bank in China next week if Beijing refuses to allow a representative of Venezuelan opposition leader Juan Guaido to attend. The IADB, which is Latin America's largest development lender, voted last week to replace Venezuelan...

  • AND ITS REGIONAL PARTNERS WILL' PULL QUORUM ON THE ANNUAL MEETING' OF INTER-AMERICAN DEVELOPMENT BANK IF CHINA BLOCKS ACCESS FOR GUAIDO REPRESENTATIVE- U.S.

  • *If no change, Britain to leave EU at 2300 GMT on March 29. BRUSSELS, March 21- European Union leaders wrangled on Thursday over what kind of Brexit delay to offer Britain as their hopes faded that Prime Minister Theresa May can win over her own parliament to ensure an orderly withdrawal. If she fails and nothing changes, Britain will lurch out of the bloc into legal...

  • NEW YORK, March 21- The U.S. dollar rebounded against a basket of currencies on Thursday, recouping all its losses from the previous session as Brexit-related worries hurt sterling and the euro, helping to take the focus off the surprisingly dovish Federal Reserve. European Union leaders will offer on Thursday to delay Brexit until May 22 at the latest- but only if...