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World Economy Economic Organizations

  • BERLIN, Dec 9- A group of business executives has urged the Group of 20 leading economies to resist the temptation to take protectionist measures and to foster international economic cooperation. Germany took over the G20 presidency last week, a platform Chancellor Angela Merkel wants to use to safeguard multilateral cooperation under threat following...

  • BERLIN, Dec 9- A group of business executives has urged the Group of 20 leading economies to resist the temptation to take protectionist measures and to foster international economic cooperation. Germany took over the G20 presidency last week, a platform Chancellor Angela Merkel wants to use to safeguard multilateral cooperation under threat following...

  • BERLIN, Dec 9- A group of business executives has urged the Group of 20 leading economies to resist the temptation to take protectionist measures and to foster international economic cooperation. Germany took over the G20 presidency last week, a platform Chancellor Angela Merkel wants to use to safeguard multilateral cooperation under threat following...

  • BRUSSELS, Dec 8- An EU-Canada free trade deal will destroy jobs in Europe and should be rejected, a committee of the European Parliament concluded on Thursday. The European Union and Canada signed the Comprehensive Economic and Trade Agreement in October, but only after hesitation in Austria and other countries and opposition from a region of Belgium.

  • AMSTERDAM, Dec 8- The Dutch economy will grow at around 2 percent this year and next year, International Monetary Fund experts said on Thursday. IMF Netherlands Mission Chief Thomas Dorsey said at a news conference after a visit that external risks to the trade-dependent Dutch economy were balanced by strong domestic demand that may not be fully accounted for...

  • Jean-Claude Trichet, ECB president between 2003 and 2011, who oversaw the global financial crisis and the start of the euro zone debt crisis, said elections in France, Germany and the Netherlands next year should not deal a killer blow to support for the monetary union. On the sidelines of an event in London, Trichet said Austria's decision on Sunday to choose a...

  • LONDON, Dec 6- Britain will most likely leave the European Union having signed a bilateral trade agreement, according to a Reuters poll of economists on Tuesday that also suggested there remains little chance of the country slipping into recession. Since the June 23 decision to leave the EU, Britain's economy has performed much better than had been previously...

  • *Brent crude slipped 0.3 percent to $54.80, its first decline in five days as output rose in every major region despite plans by OPEC and Russia to cut production. *U.S. stocks have climbed since the Nov. 8 election, fueled by expectations of significant economic stimulus and cuts in corporate taxes and regulations under President-elect Donald Trump.

  • BRUSSELS, Dec 5- Euro zone finance ministers hope to reach a compromise on Greek reforms on Monday in a final bid to get International Monetary Fund support for its bailout programme by the end of the year. Greece is required by its euro zone creditors to pass wide-ranging reforms and sell state assets under an 86 billion euros bailout programme, but negotiators...

  • *Oil reverses loss, marks strong week in wake of OPEC deal. NEW YORK, Dec 2- Bond yields fell on Friday as solid U.S. jobs data reinforced the view that the Federal Reserve would raise interest rates gradually, while stock and currency markets were cautious ahead of an Italian constitutional reform vote on Sunday. Crude futures rebounded on a weaker dollar, resuming a...

  • WARSAW, Dec 2- The European Union might fill a void in global trade left by the United States if the world's biggest economy becomes more inward-looking with Donald Trump as president, EU Trade Commissioner Cecilia Malmstrom said on Friday. "I think the EU has a possibility to fill the void," she told a congress of the Alliance of Liberals and Democrats for Europe...

  • MEXICO CITY, Dec 1- Mexican Central Bank Governor Agustin Carstens will stand down in July, a move that adds doubts about the direction of Latin America's No. 2 economy following the election of Donald Trump as U.S. president. He ran unsuccessfully in 2011 to head the International Monetary Fund, losing to France's Christine Lagarde. Carstens also said that the...

  • NEW YORK, Dec 1- U.S. President-elect Donald Trump's policies would fuel higher inflation. Brent crude prices built on Wednesday's gains with a more than 3 percent jump a day after OPEC and Russia agreed to restrict output.

  • *UK factories grappling with strong cost pressures- PMI. Thursday's Markit/CIPS UK Manufacturing Purchasing Managers' Index also suggested the weak pound failed to boost exports by as much as in previous months. Wednesday's 10 percent surge in crude oil prices- after OPEC and Russia agreed to restrict production- pushed the dollar cost of oil close to levels...

  • LONDON, Dec 1- Germany led euro zone government bond yields higher on Thursday as the first output cut by major oil producers since 2008 triggered a surge in oil prices and boosted expectations of higher inflation. But for now, a deal by the Organization of the Petroleum Exporting Countries and Russia to reduce output to drain a global supply glut grabbed the...

  • *Spot gold was mostly unchanged at $1,172.24 an ounce by 0046 GMT. *The U.S. dollar was broadly firm, hitting 9-1/ 2 month highs against the yen as oil prices surged after OPEC agreed to output cuts- lifting inflation expectations and U.S. bond yields. *With the U.S. economy making good progress toward full employment and inflation heading toward the Fed's 2- percent...

  • *OPEC deal boosts inflation expectations. OPEC member Algeria was proposing to set a new production ceiling at 32.5 million barrels per day, down from current levels of 33.6 million. "I think most of the move this morning was related to the OPEC news, speculation about a production cut and the increase in oil prices and as a result inflation expectations as well,"...

  • BRUSSELS, Nov 29- The European Commission should focus on enforcing European Union budget rules rather than proposing fiscal stimulus, the chair of the Eurogroup of euro zone finance ministers said on Tuesday, in remarks that echo Germany's position on tight spending. The Commission proposal was meant to stimulate more spending by Germany, the euro zone's...

  • JOHANNESBURG- South African Finance Minister Pravin Gordhan will engage business leaders in a closed pre- World Economic Forum meet- 0800 GMT. STOCKHOLM- Riksbank Deputy Governor Martin Floden talks about monetary policy and the economic situation- 0735 GMT. BERLIN- German Chancellor Angela Merkel, World Bank Group President Jim Yong Kim, German Finance...

  • PARIS, Nov 28- Global growth will pick up faster than previously expected in the coming months as the Trump administration's planned tax cuts and public spending fire up the U.S. economy, the OECD said on Monday, revising up its forecasts. The OECD was slightly less pessimistic about Britain's outlook than it was in September, as the central bank has helped ease the...