×

World Economy International Organizations

  • LUXEMBOURG, July 26- A deal between the European Union and Canada to share airline passenger data must be revised as parts of it violate privacy and data protection laws beyond what could be seen as justified for fighting terrorism, the EU's top court said. The EU's 28 states and Canada negotiated the deal in 2014 but the European Parliament- where the collection...

  • *Nigeria agrees to join push to rein in output. Brent crude futures rose 41 cents, or 0.8 percent, to $50.61 a barrel by 0617 GMT, after rallying more than 3 percent on Tuesday. The market has been buoyed by Saudi Arabia's announcement at a meeting of the Organization of the Petroleum Exporting Countries and non- OPEC producers on Monday that it would limit crude...

  • HOUSTON, July 25- Indonesia is open to rejoining the Organization of the Petroleum Exporting Countries as long as it is not forced to curb its own crude oil production, the nation's energy and mineral resources minister said on Tuesday. Indonesia said two months ago that it was considering rejoining OPEC after it had left and rejoined several times over the...

  • HOUSTON, July 25- Indonesia is open to rejoining the Organization of the Petroleum Exporting Countries as long as it is not forced to curb its own crude oil production, the nation's energy and mineral resources minister said on Tuesday. "We would have to have a concession for not following cuts from time to time," the minister, Ignasius Jonan, said in an interview in...

  • *Anadarko cuts capital budget by $300 million. *OPEC to tackle some members' compliance with output deal. NEW YORK, July 25- Oil rose 3.3 percent on Tuesday to the highest close in more than a month, a day after U.S. oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply.

  • *Anadarko cuts capital budget by $300 million. *OPEC to tackle some members' compliance with output deal. NEW YORK, July 25- Oil rose 3.3 percent on Tuesday, the highest close in more than a month, a day after U.S. oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply.

  • *Turkey's top diplomat, EU affairs minister in Brussels. BRUSSELS, July 25- The European Union on Tuesday delivered its most public criticism yet of Turkey's security crackdown since last year's failed coup, saying there could be no progress on Ankara's bid to join the bloc without an end to human rights abuses. "Human rights, the rule of law, democracy, fundamental...

  • BRUSSELS, July 25- The International Monetary Fund said on Tuesday that it foresaw only a modest increase in transaction costs if clearing and other financial activities are moved from the City of London to the European Union after Brexit. Clearing of euro-denominated securities is dominated by London, but it could be relocated to the EU when Britain leaves...

  • *Anadarko cuts capital budget by $300 million. *OPEC to tackle some members' compliance with output deal. London, July 25- Oil rose around 3 percent on Tuesday, a day after U.S. oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply.

  • *OPEC to tackle some members' compliance with output deal. London, July 25- Oil rose by more than 2 percent on Tuesday after Saudi Arabia vowed to reduce exports from next month and OPEC called on members to boost compliance with agreed output cuts to help curb oversupply and support flagging crude prices. At a meeting in the Russian city of St. Petersburg on Monday,...

  • *Germany should push for higher wages, more public investments. BRUSSELS, July 25- The European Central Bank should maintain a "firmly accommodative" monetary policy for an "extended period", the International Monetary Fund said on Tuesday, as it forecast inflation remaining below target. Germany has been the biggest critic of ECB's 2.3 trillion euro...

  • July 25- Kuwait's OPEC governor Haitham al-Ghais said it is premature to talk about additional cuts to oil output as things are going in the right direction and signs are positive, Al-Arabiya television reported. Kuwait chairs a ministerial committee which met in the Russian city of St Petersburg on Monday. The committee of OPEC and non- OPEC states monitors the...

  • BRUSSELS, July 24- European Union authorities have increased pressure on Facebook, Twitter and Google to amend their user terms to bring them in line with EU law after proposals submitted by the tech giants were considered insufficient. The European Commission and consumer protection authorities in the bloc wrote to the three companies in June, asking them to...

  • This commitment is belated recognition that OPEC and its non- OPEC allies, including Russia, have to do more than just comply with their November agreement to cut output by a combined 1.8 million bpd. Vessel-tracking data from Thomson Reuters and other service providers suggest that cuts to exports in the first half of 2017 by OPEC and its non- OPEC allies haven't...

  • LONDON, July 25- Uganda's new-found oil reserves may account for as much as 4 percent of its economy annually in coming years if managed well, the International Monetary Fund's country chief says. IMF Mission Chief for Uganda Axel Schimmelpfennig writes in a blog post that the country also needs some strategic infrastructure investment and better debt...

  • *OPEC to tackle some members' compliance with output deal. London, July 25- Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month and OPEC called on several members to boost compliance with output cuts to help rein in oversupply and tackle flagging prices. At a meeting in the Russian city of St. Petersburg on Monday, the...

  • *OPEC to tackle some members' weak compliance with output deal. London, July 25- Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month and OPEC called on several members to boost compliance with output cuts to help to rein in oversupply and tackle flagging prices. At a meeting in the Russian city of St. Petersburg on Monday,...

  • *OPEC to tackle weak adherence of some members on output curbs. TOKYO, July 25- Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month and OPEC called on several members to boost compliance with output cuts to help rein in oversupply and tackle flagging prices. In a meeting in St. Petersburg on Monday, the Organization of the...

  • TOKYO, July 25- Japan's Mizuho Financial Group said it would set up a subsidiary in Frankfurt, the latest Japanese bank to choose the German city as its new base in the European Union as Britain prepares to leave the bloc, termed Brexit. Mizuho's peers Nomura, Daiwa Securities and Sumitomo Mitsui Financial Group have also said they are planning to set up new units...

  • *OPEC to tackle weak adherence of some members on output curbs. TOKYO, July 25- Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month and OPEC called on several members to boost compliance with output cuts to help rein in oversupply and tackle flagging prices. In a meeting in St. Petersburg on Monday, the Organization of the...