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World Economy Economic Organizations

  • *Russia, Iraq say "too early" to discuss extending output curbs. SINGAPORE, March 7- Oil prices were little changed for a third session on Tuesday, with investors searching for direction as concern over rising U.S. shale output offsets production cuts by OPEC and non- OPEC members. Brent crude was down 9 cents, or 0.1 percent, at $55.92 a barrel as of 0745 GMT, with a firmer...

  • *Russia, Iraq say "too early" to discuss extending output curbs. SINGAPORE, March 7- Oil prices were little changed for a third session on Tuesday, with investors searching for direction as concern over rising U.S. shale output offsets production cuts by OPEC and non- OPEC members. As of 0545 GMT, brent crude was down 11 cents, or 0.2 percent, at $55.90 a barrel, with a firmer...

  • *Russia, Iraq say "too early" to discuss extending output curbs. SINGAPORE, March 7- Oil prices were little changed for a third session on Tuesday, with investors searching for direction as concern over rising U.S. shale output offsets production cuts by OPEC and non- OPEC members. Brent crude dipped 7 cents, or 0.1 percent, to $55.94 a barrel as of 0229 GMT, with a firmer...

  • WASHINGTON, March 6- Trump administration trade adviser Peter Navarro said on Monday the $65 billion U.S. trade deficit with Germany was "one of the most difficult" trade issues, and bilateral discussions were needed to reduce it outside of European Union restrictions. Navarro, the director of the new White House National Trade Council, said at an economic...

  • DETROIT, March 3- Mexico is prepared to negotiate changes to the North American Free Trade Agreement to modernize the 23- year-old open trade pact grouping the United States, Canada and Mexico, Economy Minister Ildefonso Guajardo said on Friday. Guajardo said Mexico is prepared to discuss with the Trump administration and Canada revisions to NAFTA, such as...

  • DETROIT, March 3- Mexico is prepared to negotiate changes to the North American Free Trade Agreement to modernize the 23- year-old open trade pact grouping the United States, Canada and Mexico, Economy Minister Ildefonso Guajardo said on Friday. Guajardo said Mexico is prepared to discuss with the Trump administration and Canada revisions to NAFTA, such as...

  • DETROIT, March 3- Mexico is prepared to negotiate changes to the North American Free Trade Agreement to modernize the 23- year-old open trade pact grouping the United States, Canada and Mexico, Economy Minister Ildefonso Guajardo said on Friday. Guajardo said Mexico is prepared to discuss with the Trump administration and Canada revisions to NAFTA, such as...

  • DETROIT, March 3- Mexico is prepared to negotiate changes to the North American Free Trade Agreement to modernize the 23- year-old open trade pact grouping the United States, Canada and Mexico, Economy Minister Ildefonso Guajardo said on Friday. Guajardo said Mexico is prepared to discuss with the Trump administration and Canada revisions to NAFTA, such as...

  • LONDON, March 3- Ultra-low bond yields are an "overrated" indicator of weak growth and inflation in the future, the BIS said on Friday, warning that central banks should think carefully before easing policy in such an environment in case they're driven even lower. But Hyun Song Shin, head of research at the Bank for International Settlements, reckons depressed...

  • MEXICAN ECONOMY MINISTER: REVISED NAFTA TREATY MUST BE A "WIN WIN WIN" FOR U.S., CANADA, MEXICO.

  • MEXICAN ECONOMY MINISTER: NAFTA NEEDS TO BE BROUGHT "UP TO MODERNITY"

  • Economy Minister Ildefonso Guajardo will also meet with auto parts makers that have operations in Detroit and Mexico, the ministry said. Wary of Trump's unpredictability, Mexico is not counting on talks with the White House to save it from a possible trade war. "Thanks to NAFTA, Mexico and Michigan have built a dynamic trade relationship," the ministry said, noting...

  • MEXICO CITY, March 2- Mexico's economy minister will travel to Detroit on Friday to meet with executives from automakers Ford Motor Co and General Motors Co as Mexico seeks to deter U.S. Economy Minister Ildefonso Guajardo will also meet with auto parts makers that have operations in Detroit and Mexico, the ministry said in a statement. "Thanks to NAFTA, Mexico and...

  • LISBON, March 1- An about-turn in investment- which rose 5 percent in the fourth quarter after a long slide- pushed Portugal's economy to its highest year-on-year growth since mid-2010 at the end of last year, official data showed on Wednesday. Between 2011 and 2014, Portugal was part of a European Union/International Monetary Fund bailout program, which it...

  • *Japan is committed to multilateral trade framework. TOKYO, March 1- Japan will tell the United States in their economic talks that any border tax the U.S. government imposes on imports should not break World Trade Organization rules, an adviser to Prime Minister Shinzo Abe said on Wednesday. Yasutoshi Nishimura also said Japan would not rule out a bilateral...

  • TOKYO, March 1- Japan will tell the United States in their economic talks that any border tax the U.S. government imposes on imports should not break World Trade Organization rules, an adviser to Prime Minister Shinzo Abe said on Wednesday. Yasutoshi Nishimura also said Japan would not rule out a bilateral trade agreement with the United States, but talks may not...

  • LONDON, Feb 28- Calling time on globalization in the financial sector is wrong and rolling back on cross-border regulation would undermine economic growth and split markets, a leading central banker said on Tuesday. Jaime Caruana, general manager of the Bank for International Settlements, said that assertions by some economists last year that "peak finance"...

  • LONDON, Feb 28- Calling time on globalisation in the financial sector is wrong and rolling back on cross-border regulation would undermine economic growth and split markets, a leading central banker said on Tuesday. Jaime Caruana, general manager of the Bank for International Settlements, said that assertions by some economists last year that "peak finance"...

  • Feb 27- Mexico's economy minister Ildefonso Guajardo warned that his country will break off negotiations on the North American Free Trade Agreement if the United States were to propose tariffs on products from Mexico, Bloomberg reported on Monday. "The moment that they say,' We're going to put a 20 percent tariff on cars,' I get up from the table," Guajardo told...

  • WASHINGTON, Feb 23- The International Monetary Fund on Thursday urged Nigeria to step up its economic reform efforts before the opportunity for reforms becomes more limited. "Urgency is needed in implementing a coherent and credible package of monetary, fiscal and structural policies as the window for bold reforms is closing as the 2019 elections are...