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World Economy International Organizations

  • *Others may join output pact, maybe at next OPEC meet- Barkindo. NEW YORK, Oct 9- Oil prices stabilized on Monday after one of the most bearish weeks in months, propped up by OPEC comments signalling the possibility of continued action to restore market balance in the long term. "I think that without the support of products and Brent, the market may get dragged lower in...

  • *Others may join output pact, maybe at next OPEC meet- Barkindo. AMSTERDAM, Oct 9- Oil prices stabilised on Monday after one of the most bearish weeks in months, propped up by OPEC comments signalling the possibility of further action to restore market balance in the long term. Oil production platforms in the Gulf of Mexico started returning to service after...

  • *Policymakers meet in Washington for annual meetings. *Germany hands over G20 presidency to Argentina. Policymakers from around the world will gather in Washington this week for the IMF and World Bank annual meetings.

  • SAO PAULO, Oct 9- General Motors Co aims to lead the market for electric vehicles in Mercosur, the South American trade bloc, the company's top executive for the region said on Monday.

  • *Others may join output pact, maybe at next OPEC meet- Barkindo. AMSTERDAM, Oct 9- Oil prices stabilised on Monday after one of the most bearish weeks in months, propped up by OPEC comments signalling the possibility of further action to restore market balance in the long term. Oil production platforms in the Gulf of Mexico started returning to service after...

  • Mercedes Vera Martin, head of an IMF mission visiting Georgia, said that the IMF had also agreed in principal to release the second tranche, or $42.3 million, of the fund's three-year $285 million loan programme for Georgia. Georgia, a major conduit for carrying Caspian oil and gas to Europe, is recovering from falling exports and a plunge in the currencies of its...

  • BRUSSELS, Oct 9- European Union negotiators see no big breakthrough in a new round of Brexit talks from Monday nor when Theresa May attends a summit next week, yet leaders could offer the beleaguered British prime minister a hand, EU officials believe. Talks which began on Monday in Brussels have a thin schedule- British Brexit Secretary David Davis is to meet EU...

  • LONDON, Oct 9- The oil market is rebalancing fast and has almost entirely erased the glut of refined products as OPEC sticks to its supply pact, OPEC's secretary general said on Monday. The aim of the OPEC- led cut is to trim the level of oil in OECD industrialised countries to the five-year average. OPEC and its allies agreed the deal last year after prices collapsed...

  • BERLIN, Oct 9- Policymakers attending IMF and World Bank meetings this week should agree to end ultra-loose monetary policies and high fiscal debt, a senior German government official said on Monday. "It would be an excellent time this autumn to get a strong commitment from Washington to put an end on excessive debts and loose policies," said Ludger Schuknecht,...

  • LONDON/ BRUSSELS, Oct 9- Britain and its European Union partners clashed on Monday over which side should make the next move to unblock Brexit talks, despite concerns they will miss a deadline for a divorce deal and that London is heading for a chaotic departure. But even before she had delivered the speech, an EU spokesman hit back in Brussels, saying "the ball is...

  • *Others may join output pact, maybe at next OPEC meet- Barkindo. AMSTERDAM, Oct 9- Oil prices stabilised on Monday after one of the most bearish weeks in months, propped up by OPEC comments signalling the group and other producers may take further action to restore market balance in the long term. "There is a good chance that we will continue to trade a bit sideways in the...

  • BERLIN, Oct 9- The International Monetary Fund is likely to nudge up its growth forecast for the global economy in its World Economic Outlook due on Tuesday, a senior German government official said. The official said on Monday that a meeting of economic policymakers in Washington for this week's IMF and World Bank annual meetings was a good opportunity to look...

  • *Others may join output pact, maybe at next OPEC meet- Barkindo. AMSTERDAM, Oct 9- Oil prices stabilised on Monday after one of the most bearish weeks in months, propped up by OPEC comments signalling the group and other producers may take further action to restore market balance in the long term. "There is a good chance that we will continue to trade a bit sideways in the...

  • *May to try to advance Brexit negotiations. LONDON, Oct 9- British Prime Minister Theresa May will tell the European Union on Monday the "ball is in their court" in Brexit talks, trying to advance negotiations despite a party conference that left her weaker than ever. But she faces more disquiet in her Conservative Party over the negotiations and how a future...

  • BRUSSELS, Oct 9- European Union negotiators see no big breakthrough in a new round of Brexit talks from Monday nor when Theresa May attends a summit next week, yet leaders could offer the beleaguered British prime minister a hand, EU officials believe. Underlining low expectations, negotiations starting late on Monday in Brussels have a thin schedule; unlike...

  • BRUSSELS, Oct 9- European Union negotiators see no big breakthrough in a new round of Brexit talks from Monday nor when Theresa May attends a summit next week, yet leaders could offer the beleaguered British prime minister a hand, EU officials believe. Underlining low expectations, negotiations starting late on Monday in Brussels have a thin schedule; unlike...

  • BRUSSELS, Oct 9- European Union negotiators see no big breakthrough in a new round of Brexit talks from Monday nor when Theresa May attends a summit next week, yet leaders could offer the beleaguered British prime minister a hand, EU officials believe. Underlining low expectations, negotiations starting late on Monday in Brussels have a thin schedule; unlike...

  • BRUSSELS, Oct 9- European Union negotiators see no big breakthrough in a new round of Brexit talks from Monday nor when Theresa May attends a summit next week, yet leaders could offer the beleaguered British prime minister a hand, EU officials believe. Underlining low expectations, negotiations starting late on Monday in Brussels have a thin schedule; unlike...

  • Navistar's Mexican factory, now the U.S. company's largest worldwide, exports to around 30 countries and sells less to the United States than competitors such as Daimler AG, one of the top three truck-makers in Mexico, which sends three-quarters of its Mexican-made commercial vehicles north. But Navistar's reliance on tariff-free imported parts shows why...

  • **LUXEMBOURG- ECB President Mario Draghi and board member Benoit Coeure participate in Eurogroup meeting in Luxembourg. TUESDAY, OCTOBER 10 WASHINGTON- Bank of Canada Senior Deputy Governor Carolyn A Wilkins will give panel remarks at International Monetary Fund, Washington- 1800 GMT. CALIFORNIA, United States- Federal Reserve Bank of Dallas President Robert...