World Economy Economic Organizations

  • MNUCHIN SAYS TREASURY WILL WORK WITH IMF, G7, G20, MAJOR TRADING PARTNERS ON CURRENCY ISSUES; SAYS IMF DOES NOT APPEAR TO HAVE PREVENTED NATIONS FROM MANIPULATING CURRENCIES- DOCUMENT.

  • President Donald Trump said Monday "things should go well for Canada" if the new U.S. leader reopens the North American Free Trade Agreement, noting that Canada has a balanced trade relationship with the United States. Stephen Schwarzman, who leads Trump's economic advisory group, met with Prime Minister Justin Trudeau and his cabinet in Calgary, Alberta, as...

  • Trump's vow to renegotiate the key trade agreement, which also includes Mexico, could sideswipe Canada's export-driven economy, and the visit by Kushner underlines the ties developing between the Trudeau and Trump camps. Trump said on Sunday he plans talks soon on the North American Free Trade Agreement, under which Canada and Mexico send the majority of...

  • WASHINGTON— President Donald Trump's economic plans are nothing if not ambitious: Annual growth of 4 percent— or more. He has also said he will rewrite the North American Free Trade Agreement to better serve the United States. Former President Barack Obama sought to add 1 million manufacturing jobs in his second term but came up two-thirds short.

  • Trump said on Sunday he plans talks soon on the North American Free Trade Agreement, under which Canada and Mexico send the majority of their exports to the United States. Canadian officials, trying to persuade the new U.S. administration that focusing on Canada makes no sense, given how closely the economies are linked, say the Trump team is most concerned about...

  • *Wall Street has hit a series of record highs after Trump's election in November as investors expected the economy to get a boost from his proposals for tax and regulatory reforms and higher infrastructure spending. *Trump has made it clear that he plans to hold talks with leaders of Canada and Mexico to renegotiate the North American Free Trade Agreement and...

  • ALGIERS, Jan 22- Algeria recorded slower third-quarter growth last year despite a significantly better performance from the energy sector, as non-hydrocarbon growth slackened, the government said on Sunday. The OPEC member country's energy sector expanded by 7.7 percent in the third quarter, due to a higher output in 2016 and a slight recovery in prices.

  • CARACAS, Jan 20- Venezuelan consumer prices rose 800 percent in 2016 while the economy contracted by 18.6 percent, according to preliminary central bank figures seen by Reuters, the sharpest contraction in 13 years and the worst inflation reading on record. The extended slump in oil prices has turned the OPEC nation's once-prosperous oil-boom economy into a...

  • DAVOS, Switzerland— In a story Jan. 19 about the World Economic Forum, The Associated Press reported erroneously that WTO director-general Roberto Azevedo said Britain would leave the trade body once it exits the European Union. Roberto Azevedo, director-general of the World Trade Organization, said it's not inevitable that Britain will rejoin the body that...

  • MEXICO CITY, Jan 19- Mexico's peso could sink to a record low after Donald Trump assumes the U.S. presidency on Friday if he unveils any aggressive actions that could hammer the exports of Latin America's No. 2 economy, traders and analysts said. Trump threatened to rip up or renegotiate the NAFTA free trade deal with Mexico and Canada and impose tariffs on Mexican...

  • DAVOS, Switzerland— The Latest on the World Economic Forum in Davos, Switzerland:. Roberto Azevedo, director-general of the World Trade Organization, said it's not inevitable that Britain will rejoin the body that oversees global trade soon after it leaves the European Union. Speaking at the World Economic Forum, Azevedo said Britain will remain a member until...

  • DAVOS, Switzerland, Jan 19- Finance minister Philip Hammond warned the European Union on Thursday that Britain would be forced to find different ways to remain competitive if there was no "comprehensive trading relationship" after Brexit. At the World Economic Forum in Davos, Switzerland, Hammond stuck closely to the government's script that Britain wants to...

  • CAIRO, Jan 18- Egypt is on track to receive the second tranche of a $12 billion three-year loan from the International Monetary Fund pending a visit in the end of February to review progress on its economic reform programme, the Fund said on Wednesday. Egypt will scrap its remaining caps on transfers and deposits of foreign currency by the end of June and overhaul...

  • *OPEC output falls 221,000 bpd in December, led by Saudi, Nigeria. *Says early signs on non- OPEC compliance with oil cuts positive. "A continued normalisation of monetary policies, indicating improving economic conditions, together with the recent historic cooperation between OPEC and non- OPEC producers, should help to bring needed stability to the oil market,"...

  • CAIRO, Jan 18- Egypt will scrap its remaining caps on transfers and deposits of foreign currency by the end of June and overhaul its oil sector as part of ambitious efforts to reform the economy under an IMF agreement, the details of which were released on Wednesday. The International Monetary Fund approved the three-year programme with Egypt in November,...

  • WASHINGTON, Jan 18- Renegotiation of the North American Free Trade Agreement with Canada and Mexico will be the Trump administration's first trade priority, U.S. Ross also told the U.S. Senate Commerce, Science and Transportation Committee that China was the "most protectionist" country among large economies. Trump has leveled criticism at both NAFTA and...

  • CAIRO— The International Monetary Fund said Wednesday that Egypt is making progress with its economic reform program, although it will still take time to improve living standards in a poor country beset with rocketing inflation. While the currency depreciated more than expected when it was floated as part of the reform package enacted late last year, there is...

  • *OPEC output falls 221,000 bpd in December, led by Saudi, Nigeria. *Says early signs on non- OPEC compliance with oil cuts positive. "A continued normalisation of monetary policies, indicating improving economic conditions, together with the recent historic cooperation between OPEC and non- OPEC producers, should help to bring needed stability to the oil market,"...

  • Government spokesman Dimitris Tzanakopoulos accused the Washington- based fund of making "irrational demands" in the negotiations, which he said Greece wants wrapped up as soon as possible. Greece hopes a deal with European creditors and the IMF will boost its battered economy, give it access to the European Central Bank's bond-buying stimulus program and,...

  • The Obama administration says it hopes leaders of the U.K. and European Union will engage in a process that prevents "economic disruptions." The leader of Britain's right-wing U.K. Independence Party says he is "broadly impressed" by British Prime Minister Theresa May's speech on Brexit but added she isn't moving quickly enough toward exiting the country from...