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World Economy International Organizations

  • TOKYO, Sept 13- Oil prices were mixed on Wednesday, dampened by reports of rising U.S. crude stockpiles but retaining some of the gains made in the previous session after OPEC said it expected higher demand for its crude next year. International benchmark Brent crude was down 13 cents, or 0.2 percent, at $54.14 a barrel, having settled up 0.8 percent in the previous...

  • TOKYO, Sept 13- Japan's Mitsubishi UFJ Financial Group Inc has picked Amsterdam as its European Union investment banking base, sources with knowledge of the matter said on Wednesday, as financial institutions prepare for Britain's exit from the EU. Japan's largest lender with $2.8 trillion in assets has already picked the Dutch city for its commercial...

  • *Plans to open investment banking branch in Paris- sources. TOKYO, Sept 13- Japan's Mitsubishi UFJ Financial Group Inc has picked Amsterdam as its European Union investment banking base, sources with direct knowledge of the matter said on Wednesday, as global financial institutions prepare for Britain's exit from the EU in 2019.. Japan's largest lender with...

  • TOKYO, Sept 13- Oil prices were mixed early on Wednesday, but largely held on to gains in the previous session after OPEC said it expected higher demand for its crude next year. West Texas Intermediate was trading up 6 cents, or 0.1 percent, at $48.29 a barrel at 0035 GMT after rising 0.3 percent on Tuesday. The U.S. Department of Energy's Energy Information...

  • CARACAS, Sept 12- An agreement between OPEC and non- OPEC countries to reduce oil output will "surely" continue beyond March 2018, Venezuelan President Nicolas Maduro said on Tuesday. OPEC and other major producers including Russia agreed at the end of last year to reduce their combined oil output by almost 1.8 million barrels per day to help rebalance the market...

  • TOKYO, Sept 13- Japan's Mitsubishi UFJ Financial Group Inc has picked Amsterdam as its European Union investment banking base, sources with direct knowledge of the matter said on Wednesday, as global financial institutions prepare for Britain's exit from the EU in 2019.. MUFG has also decided to open a branch in Paris for its investment banking unit, said the...

  • The European Union is the second-largest palm oil export destination after India for both Malaysia and Indonesia, which dominate production in a global market worth at least $40 billion. Threatened by crumbling demand in Europe, the industry is waging a public relations battle and pushing producers to enter more price-sensitive markets, where Indonesia...

  • *OPEC raises demand forecast for 2018. NEW YORK, Sept 12- Oil prices rose on Tuesday after OPEC forecast higher demand in 2018 and Russia and Venezuela confirmed their commitment to a production-cutting deal to reduce the global crude glut. In its monthly report, the Organization of the Petroleum Exporting Countries also said the two hurricanes that hit the...

  • *OPEC raises demand forecast for 2018. *Supply cut deal seen helping market rebalance- OPEC. NEW YORK, Sept 12- Oil prices rose on Tuesday after OPEC forecast higher demand in 2018 and Russia and Venezuela confirmed their commitment to a production-cutting deal in an effort to reduce the global crude glut.

  • *OPEC raises demand forecast for 2018. *Supply cut deal seen helping market rebalance- OPEC. NEW YORK, Sept 12- Oil prices rose on Tuesday after OPEC forecast higher demand in 2018 and said its output fell in August, signs that its production-cutting deal with non-member countries could help reduce the global crude glut.

  • LONDON, Sept 12- A top U.S. regulator warned the European Union against making "unilateral" changes to how the bloc treats foreign clearing houses on Tuesday, saying it would be a "violation of trust". In his bluntest comments yet on calls by some European policymakers for clearing of euro denominated derivatives to shift from London to the EU after Brexit in 2019,...

  • LONDON, Sept 12- European Union banks closed 9,100 branches and cut around 50,000 staff last year, according to data published on Tuesday, as customers increasingly opted for online banking. The European Banking Federation, which gathered the information, said the number of bank branches in the EU had been reduced to 189,000 at the end of 2016, a 4.6 percent fall...

  • *OPEC raises demand forecast for 2018. *Supply cut deal seen helping market rebalance- OPEC. NEW YORK, Sept 12- Oil prices rose almost 1 percent on Tuesday after OPEC said its output fell in August and forecast higher demand in 2018, indicating its production-cutting deal with non-member countries is helping to tackle a supply glut.

  • They will then be joined in the Estonian capital Tallinn by finance ministers and central bank governors from the rest of the European Union for informal talks on Friday and Saturday. The discussions are part of a renewed drive, led by Germany and France, to revamp the bloc after the sovereign debt crisis shook its foundations and Britain's vote to leave the EU...

  • *Demand for OPEC crude in 2018 raised by 410,000 bpd. *OPEC output falls in August but compliance slips. LONDON, Sept 12- OPEC on Tuesday forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its production-cutting deal with non-member countries is helping to tackle a supply glut that has weighed on prices.

  • *Supply cut deal seen helping market rebalance- OPEC. LONDON, Sept 12- Oil prices recouped some losses on Tuesday, helped by OPEC saying its output fell in August, an indication that the production-cutting pact was helping to reduce a supply gut. In its monthly report the Organization of the Petroleum Exporting Countries also raised its demand forecast for 2018,...

  • *Supply cut deal seen helping market rebalance- OPEC. LONDON, Sept 12- Oil prices recouped some losses on Tuesday, helped by OPEC saying its output fell in August, indicating a production-cutting deal with non-member countries is helping to tackle a supply gut. In its monthly report, the Organization of the Petroleum Exporting Countries also raised its demand...

  • LONDON, Sept 12- OPEC on Tuesday forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its production-cutting deal with non-member countries is helping to tackle a supply glut that has weighed on prices. In a monthly report, the Organization of the Petroleum Exporting Countries said the world would need 32.83...

  • LONDON, Sept 12- Ukraine is on track to pass a long-delayed pension reform "within weeks," unlocking at least one more IMF loan tranche before year-end, Finance Minister Oleksandr Danylyuk told Reuters. Danylyuk, who was in London on a roadshow to sell dollar bonds and swap short-term debt, also said the government was hopeful about passing a contentious land...

  • *Supply cut deal seen helping market rebalance- OPEC. International benchmark Brent crude fell by 35 cents to $53.49 per barrel by 0847 GMT from the previous close. While the largest U.S. refinery, Motiva Port Arthur, and a number of others were restarting more than two weeks after Hurricane Harvey ripped through the U.S. Gulf coast, the impact from Irma was less...