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World Economy International Organizations

  • DUBROVNIK, Croatia, July 11- Emerging Europe is facing increasing economic stresses that threaten to unwind some of the political progress made over the of past decades, a top International Monetary Fund official said on Tuesday. Poul Thomsen, the head of the IMF European Department said central and eastern Europe's economic growth potential has halved in the...

  • DUBROVNIK, Croatia, July 11- Emerging Europe is facing increasing economic stresses that threaten to unwind some of the political progress made over the of past decades, a top International Monetary Fund official said on Tuesday. Poul Thomsen, the head of the IMF European Department said central and eastern Europe's economic growth potential has halved in the...

  • DUBROVNIK, Croatia, July 11- Emerging Europe is facing increasing economic stresses that threaten to unwind some of the political progress made over the of past decades, a top International Monetary Fund official said on Tuesday. Poul Thomsen, the head of the IMF European Department said central and eastern Europe's economic growth potential has halved in the...

  • *OPEC may ask Libya, Nigeria to cap output. With lingering questions surrounding production cuts, the market is "iffy on what OPEC is going to do," said James Williams, president of energy consultant WTRG Economics in London, Arkansas. Several key OPEC ministers will meet non- OPEC country Russia on July 24 in St Petersburg, Russia, to discuss oil markets.

  • *OPEC may ask Libya, Nigeria to cap output. The Organization of the Petroleum Exporting Countries agreed with some non- OPEC members to curtail production until March 2018, but the move has failed to eliminate a global glut of crude. Several key OPEC ministers will meet non- OPEC country Russia on July 24 in St Petersburg, Russia, to discuss oil markets.

  • BRUSSELS, July 10- European Union's economic leaders called on Monday for euro zone countries with high growth to spend more, an attempt to persuade Germany to step up its public spending and strengthen the bloc's economy. Germany is expected to expand by 1.8 percent this year, according to upwardly revised estimates from the International Monetary Fund, while...

  • BRUSSELS, July 10- European Union's economic leaders called on Monday for euro zone countries with high growth to spend more, an attempt to persuade Germany to step up its public spending and strengthen the bloc's economy. Germany is expected to expand by 1.8 percent this year, according to upwardly revised estimates from the International Monetary Fund, while...

  • *OPEC may ask Libya, Nigeria to cap output. LONDON, July 10- Oil dipped on Monday, paring some earlier losses triggered by rising drilling activity in the United States and no let-up in supply growth from both OPEC and non- OPEC exporters, but the outlook remained gloomy. Kuwait said on Sunday that Nigeria and Libya had been invited to the meeting and their production...

  • *OPEC, non- OPEC ministers to meet on July 24 in Russia. ISTANBUL/ LONDON, July 10- Libyan and Nigerian officials may attend a joint meeting between OPEC and non- OPEC nations later this month as oil producers look for ways to cap rising production to help support oil prices. Six ministers from OPEC and non- OPEC nations including Kuwait, Venezuela, Algeria, Saudi Arabia,...

  • BRUSSELS, July 10- The head of euro zone finance ministers said on Monday that Italy's winding-down in June of two banks from the Veneto region had raised the question of whether European Union rules on state aid should be changed. Arriving at a regular meeting of euro zone finance ministers in Brussels, Dijsselbloem said EU banking rules were respected by Italy,...

  • BRUSSELS, July 10- The head of euro zone finance ministers said on Monday that Italy's wind-down in June of two banks from the Veneto region has raised the question of whether European Union rules on state aid should be changed. "The question is if the state aid rules, that apply in any case, should not be adjusted now," Jeroen Dijsselbloem told reporters in reply to a...

  • *OPEC, non- OPEC ministers to meet on July 24 in Russia. ISTANBUL/ LONDON, July 10- Libya and Nigeria may attend a joint meeting between OPEC and non- OPEC this month, Russia's energy minister said on Monday, as oil producers look for ways to cap rising production to help support oil prices. Six ministers from OPEC and non- OPEC nations including Kuwait, Venezuela, Algeria,...

  • MOSCOW, July 10- The International Monetary Fund recommended Russia ease monetary policy gradually given the uncertain size of the output gap in the country's economy and risks that inflation would accelerate again, the Fund said in a report on Monday. The international lender, which restated its forecast for Russian gross domestic product growth of 1.4...

  • *OPEC, non- OPEC ministers to meet on July 24 in Russia. ISTANBUL/ LONDON, July 10- Libya and Nigeria may attend a joint meeting between OPEC and non- OPEC this month, Russia's energy minister said on Monday, as oil producers look for ways to cap rising production to help support oil prices. Six ministers from OPEC and non- OPEC nations including Kuwait, Venezuela, Algeria,...

  • BRUSSELS, July 10- French Finance Minister Bruno Le Maire said on Monday France will respect European Union budget rules and will also push for economic reforms, starting with labour laws. "France will respect its European budget commitments," Le Maire told reporters on his arrival to a regular meeting of euro zone finance ministers in Brussels.

  • *OPEC, non- OPEC ministers to meet on July 24 in Russia. ISTANBUL/ LONDON, July 10- Libya and Nigeria may attend a joint meeting between OPEC and non- OPEC this month, Russia's energy minister said on Monday, as oil producers look for ways to cap rising production to help support oil prices. Six ministers from OPEC and non- OPEC nations including Kuwait, Venezuela, Algeria,...

  • *OPEC may ask Libya, Nigeria to cap output. LONDON, July 10- Oil fell on Monday, adding to heavy losses at the end of last week due to rising drilling activity in the United States and no let-up in supply growth from both OPEC and non- OPEC exporters. Prices dropped even as OPEC signaled it may widen its production caps to include Nigeria and Libya, whose output has...

  • "Libya can play a constructive role in stabilizing oil markets by informing OPEC and markets about its plans to restore production," NOC Chairman Mustafa Sanalla said in comments emailed to Reuters. In light of disrupted production in both countries, OPEC exempted Libya and Nigeria from a campaign that began on Jan. 1 to curb output by 1.2 million bpd aimed at...

  • *OPEC may ask Libya, Nigeria to cap output. SINGAPORE/ LONDON, July 10- Oil prices declined on Monday, adding to heavy losses at the end of last week on the back of high drilling activity in the United States and ample supplies from OPEC and non- OPEC nations. Prices dropped even as OPEC signalled it may widen its production caps to include Nigeria and Libya, whose output...

  • TUNIS, July 10- Libya's political, humanitarian and economic problems must be considered in any discussions about capping the country's rising oil production, the head of the National Oil Corporation said on Monday. "Libya can play a constructive role in stabilising oil markets by informing OPEC and markets about its plans to restore production," NOC Chairman...