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World Economy Economic Organizations

  • MEXICO CITY, Jan 24- Mexico could pull out of the North American Free Trade Agreement if a renegotiation of its terms does not benefit Latin America's second largest economy, Economy Minister Ildefonso Guajardo said on Tuesday. It would not make sense to stay, "Guajardo said when asked on local television if Mexico could pull out of the trade deal with Canada and...

  • 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.

  • 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...

  • 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...

  • 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, 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...

  • *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,"...

  • NAIROBI, Jan 17- Kenya's economy will expand by 6 percent this year, a senior Treasury official said on Tuesday, brushing off concerns outside government that sluggish credit lending and investor uncertainty ahead of a presidential election would slow growth. On Monday the International Monetary Fund cautioned that growth was likely to decelerate this year...

  • WASHINGTON, Jan 16- The International Monetary Fund on Monday said the U.S. economy would grow faster than previously expected in 2017 and 2018 based on the incoming Trump administration's tax and spending plans, but it kept its global growth forecasts unchanged due to weakness in some emerging markets. It estimated a modest fiscal stimulus under...

  • WASHINGTON, Jan 16- The International Monetary Fund on Monday lifted its forecast for U.S. economic growth in 2017 and 2018 based on President-elect Donald Trump's tax cut and spending plans, but said this would largely be offset by weaker growth in several key emerging markets. The United States will see a slight 0.1 percentage-point improvement in 2017 gross...

  • IMF FORECASTS 2017 GLOBAL GROWTH AT 3.4 PCT, 2018 GROWTH AT 3.6 PCT, BOTH UNCHANGED FROM OCTOBER FORECASTS.

  • BEIJING, Jan 16- The International Monetary Fund on Monday raised its forecast for China's economic growth this year by 0.3 percentage points to 6.5 percent, on expectations of continued policy stimulus. China's corporate debt has climbed to 169 percent of GDP and international institutions have repeatedly urged Beijing to act quickly to tackle the problem...

  • NAIROBI, Jan 16- Kenya's economic growth rate will slow in 2017, from about 6 percent last year, due to sluggish credit growth and as investors take a wait-and-see attitude before a presidential election in August, a senior IMF official said on Monday. Armando Morales, the International Monetary Fund's representative in Kenya, said growth is likely to remain...