World Economy International Organizations

  • OTTAWA, Jan 3- Prime Minister Justin Trudeau reached out in a video address to the new U.S. Congress on Tuesday to stress how tightly linked the economies of Canada and the United States are, amid fears of a protectionist Trump administration. Canada sends 75 percent of its exports to the United States and could suffer from changes to NAFTA, which also includes...

  • *OPEC, non- OPEC cut deal took effect on Sunday. *Oman notifies customers of crude term volume cut in March. Before the slide began, both contracts hit their highest levels since July 2015 on hopes that a deal between OPEC and other big oil exporters to cut production, which kicked in on Sunday, will drain a global supply glut.

  • *OPEC deal implementation seen accelerating market rebalancing. Dec 29- Oil prices will gradually rise towards $60 per barrel by the end of 2017, a Reuters poll showed on Thursday, with further upside capped by a strong dollar, a likely recovery in U.S. oil output and possible non-compliance by OPEC with agreed cuts. Average Brent prices are expected to improve...

  • *OPEC, non- OPEC cut deal took effect on Sunday. *Oman notifies customers of crude term volume cut in March. Traders said crude prices were buoyed earlier in the day by hopes that a deal between OPEC and other big oil exporters to cut production, which kicked in on Sunday, will drain a global supply glut.

  • *OPEC, non- OPEC cut deal took effect on Sunday. *Oman notifies customers of crude term volume cut in March. Crude prices were buoyed earlier in the day by hopes that a deal between OPEC and other big oil exporters to cut production, which kicked in on Sunday, will drain a global supply glut.

  • *Canadian dollar at C $1.3444, or 74.38 U.S. cents. Oil, one of Canada's major exports, reached 18- month highs, buoyed by hopes that a deal between OPEC and other big oil exporters to cut production will drain a global supply glut. At 10:05 a.m. ET, the Canadian dollar was trading at C $1.3444 to the greenback, or 74.38 U.S. cents, slightly weaker than Monday's close of C...

  • *OPEC, non- OPEC cut deal took effect on Sunday. LONDON, Jan 3- Oil prices hit 18- month highs on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and other big oil exporters to cut production, which kicked in on Sunday, will drain a global supply glut. U.S. light crude oil hit an 18- month high of $55.24, up $1.52 a barrel, also its highest since...

  • Lighthizer has argued that China has failed to live up to commitments made in 2001 when it joined the World Trade Organization and that tougher tactics are needed to change the system, even if it means deviating from World Trade Organization rules. "Years of passivity and drift among U.S. policymakers have allowed the U.S.- China trade deficit to grow to the...

  • *OPEC, non- OPEC cut deal took effect on Sunday. LONDON, Jan 3- Oil prices hit 18- month highs on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and other big oil exporters to cut production, which kicked in on Sunday, will drain a global supply glut. U.S. light crude oil hit an 18- month high of $55.24, up $1.52 a barrel, also its highest since...

  • FRANKFURT, Jan 3- Global banking regulators have postponed a meeting at which they were expected to approve new capital rules designed to avert a repeat of the financial crisis, the Bank for International Settlements said on Tuesday. "More time is needed to finalize some work, including ensuring the framework's final calibration," the Basel Committee said on the...

  • *OPEC, non- OPEC cut deal took effect on Sunday. LONDON, Jan 3- Oil prices hit 18- month highs on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and non- OPEC members to cut production, which kicked in on Sunday, will drain a global supply glut. Benchmark Brent crude jumped more than 2 percent to a high of $58.37, up $1.55 a barrel and its highest...

  • *OPEC, non- OPEC cut deal took effect on Sunday. LONDON, Jan 3- Oil prices rose on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and non- OPEC members to cut production, which kicked in on Sunday, will drain a global supply glut. "First signals suggest the OPEC and non- OPEC production cuts are raising hopes that the global oil oversupply will...

  • *OPEC, non- OPEC cut deal took effect on Sunday. SEOUL, Jan 3- Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non- OPEC members to cut production, which kicked in on Sunday, will be effective in draining a global supply glut. Jan. 1 marked the official start of the deal agreed by the Organization of Petroleum Exporting...

  • *OPEC, non- OPEC cut deal took effect on Sunday. SEOUL, Jan 3- Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non- OPEC members to cut production, which kicked in on Sunday, will be effective in draining a global supply glut. Jan. 1 marked the official start of the deal agreed by the Organization of Petroleum Exporting...

  • *OPEC, non- OPEC cut deal took effect on Sunday. SEOUL, Jan 3- Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non- OPEC members to cut production, which kicked in on Sunday, will be effective in draining a global supply glut. Jan. 1 marked the official start of the deal agreed by the Organization of Petroleum Exporting...

  • *OPEC, non- OPEC cut deal took effect on Sunday. SEOUL, Jan 3- Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non- OPEC members to cut production, which kicked in on Sunday, will be effective in draining the global supply glut. Jan. 1 marked the official start of the deal agreed by the Organization of Petroleum Exporting...

  • SEOUL, Jan 3- U.S. oil prices rose in the first trading hours of 2017 on Tuesday, buoyed by a deal for OPEC and non- OPEC production cuts which kicked off on Sunday. Jan. 1 marked the official start of the deal agreed by the Organization of Petroleum Exporting Countries and non- OPEC member countries such as Russia in November last year to reduce output by almost 1.8...

  • YENAGOA, Nigeria, Jan 1- A group of former Nigerian militants said on Sunday it had lost confidence in the president's efforts to end attacks on oil facilities in the Niger Delta, a major goal in efforts to reach a lasting peace settlement. The attacks in the OPEC member's energy hub, coupled with low oil prices, have helped to push Africa's biggest economy into...

  • *Oman to reduce crude term volume in sign of OPEC cut compliance. Dec 30- Oil prices settled slightly lower on Friday, the year's last trading day, but attained their biggest annual gain since 2009, after OPEC and partners agreed to cut output to reduce a supply overhang that has depressed prices for two years. U.S. benchmark West Texas Intermediate crude futures...

  • *Oman to reduce crude term volume in sign of OPEC cut compliance. Dec 30- Oil traded slightly lower on Friday, but was still on track for its biggest annual gain since 2009, after OPEC and other major producers agreed to cut output to reduce a global supply overhang that has depressed prices for two years. Or 0.3 percent, at $53.59 a barrel by 1:09 p.m. EST, while Brent...