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World Economy International Organizations

  • PARIS, April 27- Iraq will go with the consensus reached by OPEC when the oil exporter group meets in Vienna next month to discuss extending production cuts, the country's oil minister said on Thursday. Iraq, the second-largest producer in the Organization of the Petroleum Exporting Countries, was in full compliance with the OPEC- led supply pact reached last...

  • SYDNEY- Reserve Bank of Australia Governor Philip Lowe gives a speech at the Renminbi Global Cities Dialogue Dinner. MOSCOW- Central Bank of Russia announces its interest rate decision- 1030 GMT. YOKOHAMA, Japan Bank of Japan Governor Haruhiko Kuroda, Asian Development Bank President Takehiko Nakao will speak at Global Think Tank Summit ahead of ADB's annual...

  • BRUSSELS— The 27 European Union nations head into two years of divorce negotiations with Britain as a solid bloc and say little still needs to be agreed in tough guidelines for their Brexit negotiators which are to be approved at Saturday's summit. The EU's chief negotiator, Michel Barnier, said "we are ready, we are ready" as he entered the meeting in Luxembourg.

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • LONDON, April 27- The dollar only held its gains against the Japanese yen on Thursday after U.S. The market also awaited the European Central Bank's monetary policy decision. The Canadian dollar and Mexican peso, which had slumped earlier on reports the United States is considering withdrawing from the North American Free Trade Agreement, bounced sharply...

  • WASHINGTON— President Donald Trump has told the leaders of Mexico and Canada that he will not pull out of the North American Free Trade Agreement at this time, just hours after administration officials said he was considering a draft executive order to do just that. The White House made the surprise announcement Wednesday in a read-out of calls involving Trump,...

  • West Texas Intermediate crude oil futures were trading at $49.37 per barrel at 0420 GMT, down 25 cents, or 0.5 percent from their last close. Traders said the falls in recent weeks were due to a realisation that global oil markets remained oversupplied, despite efforts led by the Organization of the Petroleum Exporting Countries and Russia to cut output by 1.8...

  • WASHINGTON— President Donald Trump on Wednesday told the leaders of Mexico and Canada that he will not immediately pull out of the North American Free Trade Agreement, just hours after administration officials said he was considering a draft executive order to do just that. The White House made the surprise announcement in a read-out of calls between Trump,...

  • TOKYO, April 27- The dollar held gains against the yen on Thursday after U.S. President Donald Trump's tax plan offered no fresh surprises, slowing the greenback's rally, while the market awaited the European Central Bank's upcoming monetary policy decision. The Canadian dollar and Mexican peso, which had slumped earlier on reports the United States is...

  • President Donald Trump told the leaders of Canada and Mexico on Wednesday that he will not terminate the NAFTA treaty at this stage, but will move quickly to begin renegotiating it with them, a White House said. The announcement came after White House officials disclosed that Trump and his advisers had been considering issuing an executive order to withdraw...

  • MEXICO CITY, April 26- Mexican President Enrique Pena Nieto spoke with U.S. President Donald Trump on Wednesday and they agreed on the "convenience" of not scrapping the North American Free Trade Agreement, but instead renegotiating the treaty along with Canada. Mexico's peso gained more than 1 percent after the White House released a readout of calls Trump had...

  • *Concerns over U.S. exports to Mexico cap gains. SINGAPORE, April 27- Chicago corn futures edged higher on Thursday as the market took a breather following deep decline in the last session on concerns over exports to Mexico should the United States withdraw from the North American Free Trade Agreement. The Chicago Board Of Trade most-active corn contract rose...

  • President Donald Trump told the leaders of Canada and Mexico on Wednesday that he will not terminate the NAFTA treaty but will renegotiate it with them, a White House statement said. The announcement came as White House officials disclosed that Trump and his White House advisers were considering issuing an executive order to withdraw the United States from...

  • TOKYO, April 27- The Canadian dollar and Mexican peso gained on Thursday, bouncing from falls earlier, after news that U.S. The Canadian dollar rose about 0.4 percent to C $1.3569 per dollar after declining to a 14- month low of C $1.3648 on reports earlier that the United States was considering pulling out from NAFTA. The Mexican currency gained 0.8 percent to...

  • President Donald Trump has told the leaders of Mexico and Canada that he will not pull out of the North American Free Trade Agreement. The White House made the surprise announcement in a read-out of calls Wednesday between the world leaders. President Donald Trump is considering signing a draft executive order to withdraw the U.S. from the North American Free...

  • West Texas Intermediate crude oil futures were trading at $49.34 per barrel at 0137 GMT, down 28 cents, or 0.56 percent from their last close. Traders said that the falls in recent weeks were a result of a realisation that global oil markets remained oversupplied, despite efforts led by the Organization of the Petroleum Exporting Countries and Russia to cut...

  • West Texas Intermediate crude oil futures were trading at $49.34 per barrel at 0137 GMT, down 28 cents, or 0.56 percent from their last close. Traders said that the falls in recent weeks were a result of a realization that global oil markets remained oversupplied, despite efforts led by the Organization of the Petroleum Exporting Countries and Russia to cut...