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World Economy Economic Organizations

  • BRASILIA, April 26- Brazil could decide to join the Organisation for Economic Co-operation and Development as soon as next month, officials told Reuters, as President Michel Temer seeks its seal of approval for reforms to Latin America's largest economy. If approved by the OECD Council, Brazil would become the biggest emerging market member of the group and the...

  • OTTAWA/ WINNIPEG, April 25- From cherries to wine and oil, Canada has a range of tools to retaliate against any Trump administration trade attacks but they are either too limited or too painful to invoke. Ottawa is keen to avoid a costly trade war with the United States as NAFTA renegotiations loom, given the U.S. economy is ten times larger than Canada's.

  • MEXICO CITY— The World Trade Organization ruled Tuesday that Mexico's tuna industry has been harmed by U.S. The decision said Mexico's economic damages from the labeling rules amounted to $163 million a year. Mexico's statement said its tuna industry meets "the highest international standards for the protection of dolphins and sustainability."

  • ATHENS, Greece— Greek Prime Minister Alexis Tsipras says his government is aiming to return to international bond markets this year after the current round of bailout negotiations is concluded. Bailout inspectors from the International Monetary Fund and European Union institutions returned to Athens this week to try to hammer out an agreement in late May...

  • WASHINGTON— A Senate panel on Tuesday unanimously approved President Donald Trump's pick to represent the U.S. in trade negotiations, a position that will place Robert Lighthizer in the center of the administration's efforts to renegotiate the North American Free Trade Agreement and other pacts Trump has criticized as detrimental to the nation's economy.

  • WASHINGTON, April 22- International Monetary Fund members on Saturday dropped a pledge to fight protectionism amid a split over trade policy and turned their attention to another looming threat to global economic integration: the first round of France's presidential election. Concerns that far-right leader Marine Le Pen and far-left rival Jean-Luc...

  • WASHINGTON, April 22- International Monetary Fund members on Saturday dropped a pledge to fight protectionism amid a split over trade policy and turned their attention to another looming threat to global economic integration: the first round of France's presidential election. Concerns that far-right leader Marine Le Pen and far-left rival Jean-Luc...

  • WASHINGTON— Global finance leaders on Saturday dropped a sharp condemnation of trade protectionism and references to climate change from a closing statement that wrapped up the spring meetings of the 189- nation International Monetary Fund and the World Bank. This year's meetings were dominated by a debate over how to respond to a rising tide of...

  • WASHINGTON, April 21- The International Monetary Fund on Friday praised Greece's fiscal over-performance in 2016, but said it still needed clarification from euro zone governments on what debt relief Athens could expect before joining the latest Greek bailout. Greece is on its third international bailout since 2010, but it has to pass reviews of reforms...

  • The G20 session on the sidelines of the International Monetary Fund and World Bank spring meetings comes just over a month after the group dropped an explicit pledge to fight against protectionism from the communique of its meeting in Baden-Baden, Germany, at the insistence of U.S. British finance minister Philip Hammond told reporters that multilateral...

  • WASHINGTON— The Latest on global finance meetings:. The minister, Wolfgang Schaeuble, spoke with reporters after a meeting Friday of the finance ministers and central bankers of the Group of 20, which represents the world's major economic powers. The No. 2 official at the Federal Reserve says he agrees with the assessment of the International Monetary Fund that...

  • WASHINGTON, April 21- The European Commission is working on an idea of a budget for the 19 countries sharing the euro currency that could support investment and also serve as an unemployment re-insurance plan, Commission Vice President Valdis Dombrovskis said on Friday. "We are now working on a paper on completing the Economic and Monetary Union by the end of May,...

  • WASHINGTON, April 21- China's economy may grow faster than the International Monetary Fund had expected for all of 2017 after a first-quarter performance that beat forecasts, the fund said, as it urged Beijing to address entrenched financial risks in the country. The better-than-anticipated data prompted the IMF this week to raise its 2017 and 2018 growth...

  • *Greece swings to general government surplus in 2016. ATHENS, April 21- Greece far exceeded its international lenders' demands for budget savings last year, official data showed on Friday, outstripping even 2017' s target and presenting a strong case for unlocking more bailout funds. The IMF, which has reservations on whether Greece can meet high primary surplus...

  • The G-20 discussions were being held in conjunction with the spring meetings of the 189- nation International Monetary Fund and its sister lending organization, the World Bank, which are scheduled to conclude Saturday. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Janet Yellen were representing the United States at the discussions.

  • WASHINGTON, April 20- Japanese Finance Minister Taro Aso said on Thursday he reconfirmed with U.S. Treasury Secretary Steve Mnuchin that currency issues should be dealt with by the two finance leaders. Aso and Mnuchin met on the sidelines of the G20 finance leaders' gathering and International Monetary Fund meetings in Washington D.C..

  • Speaking to bankers just hours after the formal start of the International Monetary Fund and World Bank spring meetings, White House National Economic Council Director Gary Cohn said Washington was prepared to get tougher in the trade arena. Asked at the Institute of International Finance about his message for his international counterparts, Cohn said the...

  • CARACAS, April 20- Annual inflation in crisis-hit Venezuela last year reached 274 percent, according to data the central bank provided to the International Monetary Fund, although many economists believe the true figure is far more alarming. Venezuelan consultancy Ecoanalitica says inflation was 525 percent last year and New York- based investment bank...

  • President Donald Trump on Canada's system of dairy protections, saying every nation defended its agricultural industries. Trudeau told Bloomberg Television that the United States in fact ran a dairy surplus with Canada. The threat to get rid of or alter NAFTA has clouded the economic outlook for Canada, whose biggest trade partner is the United States.

  • WASHINGTON, April 20- It would not be a bad idea for the European Central Bank and other central banks to follow the U.S. Speaking on the sidelines of International Monetary Fund meetings in Washington, Schaeuble said the ultra-loose monetary policies in place in many areas of the world were not helpful. Investors are on tenterhooks before Sunday's first round...