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World Economy International Organizations

  • BARI, Italy, May 12- The International Monetary Fund and euro zone government lenders need more time to reach an agreement on debt relief for Greece because the euro zone is still not sufficiently clear in its intentions, IMF chief Christine Lagarde said on Friday. Top euro zone officials and Lagarde met on Friday on the sidelines of a G7 finance ministers meeting...

  • LONDON, May 12- Oil prices traded largely flat on Friday, supported by expectations of an extended OPEC- led production cut and falling U.S. crude inventories but capped by concerns over global oversupply. Analysts said a larger-than-expected fall in U.S. crude inventories last week, by 5.3 million barrels, continued to keep Brent above $50, with the data viewed as...

  • WASHINGTON— In an interview with The Economist, President Donald Trump whiffed on a batch of economic facts. That's far below Denmark's tax burden of 46.6 percent, Britain's 32.5 percent or Germany's 36.9 percent. Just four OECD countries had a lower tax bite than the U.S.: South Korea, Ireland, Chile and Mexico.

  • BRUSSELS, May 12- The European Union has imposed definitive anti-dumping duties on Chinese imports of seamless pipes and tubes of iron or steel to protect its industry from steel overcapacity. In a notice published in the official journal on Friday, the European Commission said it was imposing definitive anti-dumping duties after an investigation on a...

  • BEIJING, May 12- China's Commerce Ministry said it was willing to work with the European Union to resolve the problems facing the steel sector after the EU Commission said it would slap anti-dumping duties on Chinese seamless steel pipe. "China is willing to strengthen communication with the European Union to appropriately deal with the problems facing the...

  • SINGAPORE, May 12- Oil prices rose on Friday as traders expected OPEC- led production cuts to extend beyond the middle of this year, and as U.S. crude inventories fell to their lowest levels since February. "Net length is at its lowest level since November 2016, which could support a significant price rally if OPEC does extend production cuts," Jefferies added.

  • MEXICO CITY, May 11- Mexico said on Thursday it had called U.S. President Donald Trump's bluff over his suggestion he only decided to stay in the North American Free Trade Agreement as a favor to the leaders of Mexico and Canada after they asked him to renegotiate the deal. However, Mexico's government said it had sent a very different message to the United States...

  • SINGAPORE, May 12- Oil prices were stable on Friday as traders expected OPEC- led production cuts to extend beyond the middle of this year, and as U.S. crude inventories fell to their lowest levels since February. "Net length is at its lowest level since November 2016, which could support a significant price rally if OPEC does extend production cuts," Jefferies added.

  • SINGAPORE, May 12- Oil prices were stable on Friday as traders expected OPEC- led production cuts to extend beyond the middle of this year, and as U.S. crude inventories fell to their lowest levels since February. "Net length is at its lowest level since November 2016, which could support a significant price rally if OPEC does extend production cuts," Jefferies added.

  • In the second day of a three-day mission to Brazil, Raúl Urteaga, general coordinator of international affairs at Mexico's Ministry of Agriculture, said the main purpose of the visit is to accelerate business contacts between the two countries as part of broader efforts to diversify Mexico's trade ties with nations other that the United States.

  • WASHINGTON, May 11- The U.S. Senate on Thursday approved President Donald Trump's nominee for U.S. Trade Representative, a critical position ahead of renegotiations of the North American Free Trade Agreement with Canada and Mexico. Delays in Senate confirmation of veteran trade lawyer Robert Lighthizer more than 100 days after his nomination have set back...

  • *Central European, African countries to join OPEC cuts. *OPEC sees much higher oil supply from rivals in 2017. NEW YORK, May 11- Oil prices rose for a second day on Thursday, closing more than 1 percent higher as support grew for OPEC output cuts a day after the U.S. government reported a big draw in crude inventories, boosting confidence that a global glut might diminish.

  • WASHINGTON, May 11- The U.S. Senate on Thursday approved President Donald Trump's nominee for U.S. Trade Representative, a critical position ahead of renegotiations of the North American Free Trade Agreement with Canada and Mexico. Delays in Senate confirmation of veteran trade lawyer Robert Lighthizer more than 100 days after his nomination have set back...

  • WASHINGTON, May 11- The U.S. Senate on Thursday approved President Donald Trump's nominee for U.S. Trade Representative, a critical position ahead of renegotiations of the North American Free Trade Agreement with Canada and Mexico. The Senate voted to confirm veteran trade lawyer Robert Lighthizer by a 82-14 vote.

  • BARI, Italy, May 11- Top euro zone and International Monetary Fund officials will discuss debt relief for Greece early on Friday, on the sidelines of a meeting of G7 finance ministers and central bankers in the Italian city of Bari, officials said. The meeting is to help determine how euro zone lenders, who hold half of Greek public debt, should firm up their...

  • "The problem has become global," said Suzanne Hill, head of essential medicines at the World Health Organisation. Hill was speaking after a one-day forum on fair pricing sponsored by the U.N. health agency and the Dutch government in Amsterdam. WHO assistant director-general Marie-Paule Kieny said there was agreement that industry needed reasonable returns...

  • *Central European, African countries to join OPEC cuts. *OPEC sees much higher oil supply from rivals in 2017. NEW YORK, May 11- Oil prices rose more than 1 percent on Thursday, as large drawdowns in U.S. inventories and growing support for continued OPEC output cuts boosted confidence that a seemingly insurmountable glut might finally diminish.

  • BRUSSELS, May 11- The European Union has demanded urgent talks with the United States over a possible extension to some European countries of a U.S. ban on airline passengers taking laptops into cabins, saying any security threats faced are common. The Trump administration is likely to extend the ban already applicable to flights originating from 10 specific...

  • Trade Representative, a critical position ahead of renegotiations of the North American Free Trade Agreement with Canada and Mexico, passed a key procedural hurdle in the U.S. Senate on Thursday. The Senate voted to limit debate over the nomination of veteran trade lawyer Robert Lighthizer by a 81-15 vote. Lighthizer passed through the procedural vote easily...

  • WASHINGTON, May 11- President Donald Trump's nominee for U.S. Trade Representative, a critical position leading renegotiations of the North American Free Trade Agreement with Canada and Mexico, passed a key procedural hurdle in the U.S. Senate on Thursday. The Senate voted to limit debate over the nomination of veteran trade lawyer Robert Lighthizer.