×

World Economy International Organizations

  • *U.S. crude stocks, high OPEC supplies pressure market. SINGAPORE, July 20- Oil prices held steady on Thursday, hanging on to gains made the previous session when falling U.S. crude inventories lifted the market, as analysts offered mixed supply outlooks for the commodity ahead of a key OPEC meeting next week. Crude oil prices are still capped below the $50-...

  • U.S. crude stocks, high OPEC supplies pressure market. SINGAPORE, July 20- Oil prices held steady on Thursday, hanging on to gains made the previous session when falling U.S. crude inventories lifted the market, as analysts offered mixed supply outlooks for the commodity ahead of a key OPEC meeting next week. Crude oil prices are still capped below the key $50-...

  • *Ultra-Orthodox to make up a third of population by 2065. *Israel's labor productivity below most OECD countries. BNEI BRAK, Israel, July 19- Chaim Rachmani spends his days studying Jewish religious texts in the Israeli town of Bnei Brak, whose crowded streets brush up against the office towers of Tel Aviv.

  • U.S. crude stocks, high OPEC supplies pressure market. SINGAPORE, July 20- Oil prices held steady on Thursday, hanging on to gains made the previous session when falling U.S. crude stocks lifted the market, as analysts offered mixed supply outlooks for the commodity ahead of a key OPEC meeting next week. Crude oil prices are still capped below the key $50- per-barrel...

  • SINGAPORE, July 20- Oil prices held steady on Thursday following solid gains the previous day when falling U.S. fuel inventories lifted the market. However, Brent crude oil prices remain below the key $50 per barrel mark on concerns about high supplies from producer club OPEC despite a pledge to cut output in a bid to tighten the market. Brent crude futures, the...

  • Negotiators fear the renegotiation process could become a political punching bag in Mexico due to President Donald Trump's repeated swipes at Mexico and as Andres Manuel Lopez Obrador from the leftist National Regeneration Movement party leads a number of early polls for next year's election. He argues it has fueled a trade deficit with Mexico and cost...

  • GENEVA, July 19- The tobacco industry continues to subvert government attempts to prevent tobacco-related deaths, the World Health Organization said on Wednesday in a fresh call to counter corporate lobbying and litigation. Countries with partly state-owned tobacco companies, such as Japan which has a stake in Japan Tobacco Inc, should "firewall" their...

  • LONDON/ GENEVA, July 19- U.S. President Donald Trump's plan to impose steel import tariffs for national security reasons would likely trigger a swift "safeguard" action by the European Union, political and industry sources said. Challenging the plan through the World Trade Organization's dispute system would take years.

  • FRANKFURT/ LONDON, July 19- Morgan Stanley has chosen Frankfurt to be a new base for its European Union operations as Britain prepares to leave the bloc, according to a source familiar with the matter, becoming the latest U.S. bank to pick the German city. Morgan Stanley is planning to use its Frankfurt subsidiary as the centre for its EU trading operations,...

  • FRANKFURT/ LONDON, July 19- Morgan Stanley has chosen Frankfurt to be the new base for its European Union operations as Britain prepares to leave the bloc, according to a source familiar with the matter, becoming the latest U.S. bank to pick the German city. The source said Morgan Stanley's decision meant about 200 new jobs would move to the bank's Frankfurt offices.

  • Negotiations to upgrade the accord that underpins over a trillion dollars of trilateral trade between the United States, Mexico and Canada are due to begin from Aug. 16 at a pace that was described as "very aggressive" by one of the Mexican officials. A well-placed Canadian source familiar with discussions said the United States had proposed the schedule, but...

  • *Ultra-Orthodox to make up a third of population by 2065. *Israel's labour productivity below most OECD countries. BNEI BRAK, Israel, July 19- Chaim Rachmani spends his days studying Jewish religious texts in the Israeli town of Bnei Brak, whose crowded streets brush up against the office towers of Tel Aviv.

  • BRUSSELS/ WARSAW, July 19- Poland could face punishment by the European Union if Warsaw does not halt judicial reforms which the bloc's executive said on Wednesday would put its courts under government control. "These laws considerably increase the systemic threats to the rule of law," the European Commission's First Vice-President Frans Timmermans told a...

  • LONDON, July 19- Russia is ready to continue working with OPEC to help rebalance oil markets, a Russian energy source said on Wednesday, adding that Moscow welcomed a flexible approach by OPEC's leader Saudi Arabia to accommodate rising output from Nigeria and Libya. On Tuesday, a Saudi Arabian industry source said the kingdom hoped to accommodate the rise in...

  • *Rising Libya, Nigeria output undermines OPEC supply cut. LONDON, July 19- Oil rose on Wednesday, supported by strong demand for gasoline, but rising output from OPEC producers revived concerns about a persistent overhang of excess crude. Brent crude futures were up 21 cents at $49.05 a barrel by 1204 GMT, while U.S.

  • LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision last year to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern Trust and the creation of our EU banking presence in...

  • *Rising Libya, Nigeria output undermines OPEC supply cut. LONDON, July 19- Oil prices traded higher on Wednesday, supported by a strong gasoline market, but rising output from OPEC producers revived concerns about a fuel supply overhang. Brent crude futures, the international benchmark, were up 11 cents at $48.95 per barrel at 0925 GMT.

  • LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision last year to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern Trust and the creation of our EU banking presence in...

  • LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern Trust and the creation of our EU banking presence in Luxembourg...

  • *Rising Libya, Nigeria output undermines OPEC supply cuts. SINGAPORE, July 19- Oil prices fell on Wednesday after a rise in U.S. crude inventories and ongoing high output from OPEC producers revived concerns of a fuel supply overhang. Outside the United States, supplies from the Organization of the Petroleum Exporting Countries remained high, largely due to...