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World Economy Economic Organizations

  • BRUSSELS, March 7- The world's financial leaders may no longer explicitly reject protectionism or competitive currency devaluations, a draft communique of their meeting next week showed, promising only to keep an "open and fair international trading system". Finance ministers and central bank heads from the Group of 20 major developed and developing...

  • BRUSSELS, March 7- The world's financial leaders may no longer explicitly reject protectionism or competitive currency devaluations, a draft communique of their meeting next week showed, promising only to keep an "open and fair international trading system". Finance ministers and central bank heads from the world's 20 developed and developing economies...

  • The Paris- based Organisation for Economic Cooperation and Development estimated global economic growth would run at 3.3 percent this year before reaching 3.6 percent in 2018, unchanged from its last estimates in November. OECD chief economist Catherine Mann said that higher interest rates in the United States could unleash damaging volatility on...

  • *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"...