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World Economy Economic Regions

  • MEXICO CITY, July 20- Mexico's economy minister said on Thursday the World Trade Organization has been more effective in resolving U.S. trade disputes than the so-called Chapter 19 mechanism, which the United States hopes to ditch as part of NAFTA talks. The United States on Monday released its goals for the talks, which aim to update the North American Free Trade...

  • MEXICO CITY, July 18- Mexico's economy minister on Tuesday expressed concern that the United States was insisting on reducing trade deficits in objectives it set out for the renegotiation of the NAFTA trade deal, a document he nevertheless said contained "no surprises." Speaking on Mexican television, Economy Minister Ildefonso Guajardo also raised...

  • In a statement, the Mexican economy ministry said it expected talks between the United States, Mexico and Canada on renegotiating the North American Free Trade Agreement to be able to get under way from Aug. 16. The United States said its top priority for the talks was shrinking the U.S. trade deficit with Mexico and Canada, a recurring complaint of U.S.

  • BERLIN— The head of the eurozone's rescue fund is suggesting the creation of a new crisis reserve that could be used to help member countries in a "sudden, severe crisis." Klaus Regling, who heads the European Stability Mechanism, pointed in an interview with Thursday's edition of German business daily Handelsblatt to the example of U.S. " Asked how large the pot...

  • WASHINGTON, July 12- The U.S. economy grew at a "slight to moderate" pace over the last several weeks across all regions of the country, with wage pressures reported for both low- and high-skilled jobs, the Federal Reserve reported in its latest compendium of regional economic activity. "Apparel sales' continued to be hammered"' the Federal Reserve Bank of...

  • *Fed to release Beige Book at 2 p.m. ET. July 12- Wall Street looked set to open higher on Wednesday ahead of Federal Reserve Chair Janet Yellen's semi-annual monetary policy testimony before Congress. The Fed Chair is expected to tell the House Financial Services Committee at 1000 ET that the central bank remains on a hawkish course of steadily rising rates.

  • BRUSSELS— Official figures show that the industrial sector in the 19- country eurozone had its strongest month this year in May, a development that augurs well for the region's second-quarter growth. Statistics agency Eurostat said Wednesday that industrial production rose by a monthly rate of 1.3 percent. That was up on the previous month's 0.3 percent and...

  • Another day of listless trading on Wall Street ended Tuesday with the major stock indexes closing out having shifted marginally from the day before. Investors were making modest moves ahead of Federal Reserve chair Janet Yellen's testimony before Congress on Wednesday and Thursday, and the release of the Fed's Beige Book, an economic snapshot used by the...

  • The meeting at the Hamburg leaders' summit of the Group of 20 economies was keenly anticipated in Mexico, and officials were quick to stress talks had been productive, despite Trump repeating that Mexico would pay for his planned border wall. "We're negotiating NAFTA and some other things with Mexico and we'll see how it all turns out, but I think that we've made...

  • The meeting at the Hamburg leaders' summit of the Group of 20 economies was keenly anticipated in Mexico, and officials were quick to stress talks had been productive, despite Trump repeating that Mexico would pay for his planned border wall. "We're negotiating NAFTA and some other things with Mexico and we'll see how it all turns out, but I think that we've made...

  • The meeting at the Hamburg leaders' summit of the Group of 20 economies was highly anticipated in Mexico, and officials were quick to stress how productive talks had been, despite Trump repeating that Mexico would pay for his planned border wall. NAFTA underpins more than $1 trillion worth of trilateral trade between the United States, Mexico and Canada.

  • BELGRADE, July 5- Six Western Balkan countries are set to form a regional economic area, getting rid of non-tariff trade barriers and harmonising laws in order to attract more investment, the European Bank of Reconstruction and Development said on Wednesday. Albania, Bosnia, Kosovo, Macedonia, Montenegro and Serbia, all hoping to join the European Union, will...

  • BELGRADE, July 5- Six Western Balkan countries are set to form a regional economic area, getting rid of trade barriers and harmonising laws in order to attract more investment, the European Bank of Reconstruction and Development said on Wednesday. Albania, Bosnia, Kosovo, Macedonia, Montenegro and Serbia, all hoping to join the European Union, will launch the...

  • LONDON, June 23- Evidence built on Friday that the sturdy improvement in euro zone economic growth touted by the European Central Bank is in place-- albeit with some wobbles. Surveys of purchasing managers' plans in the euro zone, Germany and France all indicated steady growth, if not perhaps as much as some economists had expected. "Businesses experienced the...

  • QFC CEO: CANCELLED MIDDLE EAST ROADSHOW IN DUBAI THIS YEAR BECAUSE OF SAUDI-LED ECONOMIC BOYCOTT.

  • WASHINGTON, June 6- Mexican Economy Secretary Ildefonso Guajardo said on Tuesday that the North American Free Trade Agreement's rules of origin can be improved but denied that Mexico was a "back door" for Chinese goods to enter the United States. Speaking in a live interview on CNBC, Guajardo also said he believed there were grounds to believe that NAFTA can be...

  • MEXICO CITY, May 31- Mexico's Economy Minister Ildefonso Guajardo said on Wednesday there are "incentives" to wrap up the renegotiation of the North American Free Trade Agreement by the end of the year due to upcoming elections in the United States and Mexico. Mexico sends the vast majority of its exports north to the United States, and local officials view the...

  • MEXICO CITY, May 31- Mexico's Economy Minister Ildefonso Guajardo said on Wednesday there are "incentives" to wrap up the renegotiation of the North American Free Trade Agreement by the end of the year due to upcoming elections in the United States and Mexico. "The incentives of the U.S. and Mexican electoral calendars encourage us both to try to finish by the end of...

  • *Fed Beige Book expected at 2 p.m. ET. May 31- U.S. stocks were little changed on Wednesday, with the three major indexes on track to end the month higher, as gains in healthcare and technology were outweighed by a drop in energy shares due to a steep fall in oil prices. Oil prices fell by more than 2 percent to a three-week low, as rising Libyan production fueled concerns...

  • *Fed Beige Book expected at 2 p.m. ET. Oil prices fell by more than 2 percent to a three-week low, as rising Libyan production fueled concerns that OPEC- led output cuts are being undermined by several countries that are excluded from the deal. "We had the Memorial day weekend and volumes on Tuesday were low, so this is the first day that Wall Street is coming back in full...