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World Economy International Organizations

  • LONDON, March 10- Finance ministers and central bankers from the G20 group of leading industrialized nations meet in Germany next week for the first time since Donald Trump was elected president of the United States. Washington has accused Germany, Japan and China of exploiting exchange rate weakness for competitive advantage over the United States.

  • LONDON, March 10- Finance ministers and central bankers from the G20 group of leading industrialized nations meet in Germany next week for the first time since Donald Trump was elected president of the United States. Washington has accused Germany, Japan and China of exploiting exchange rate weakness for competitive advantage over the United States.

  • LONDON, March 9- A draft communique prepared for next week's gathering of G20 finance chiefs has dropped the group's standard pledges on the need for flexible yet stable exchange rates and orderly markets, suggesting it could prove a landmark event for currency markets. The world's most powerful finance ministers and central bankers convene in the German spa...

  • *OPEC's willingness to extend production cuts in doubt. LONDON, March 10- Oil prices recovered a little on Friday after dropping to their lowest in more than three months, pressured by heavy oversupply despite OPEC- led production cuts. Brent crude oil was up 35 cents at $52.54 a barrel by 0950 GMT, after falling 1.7 percent on Thursday and 5 percent the day before in...

  • *OPEC's willingness to extend production cuts in doubt. LONDON, March 10- Oil prices recovered a little on Friday after dropping to their lowest in more than three months, pressured by heavy oversupply despite OPEC- led production cuts. Brent crude oil was up 15 cents at $52.34 a barrel by 0900 GMT, after falling 1.7 percent on Thursday and 5 percent the day before in...

  • DUBAI, March 9- The United Arab Emirates will comply fully with its OPEC commitment to reduce oil production by more than 139,000 barrels per day in March and April, the Gulf OPEC member's energy minister Suhail said on Thursday. "UAE is committed to its share of the production cut agreed with OPEC." The UAE has delivered a smaller portion of its pledged reduction,...

  • *U.S. oil dropped below $50 on Thursday. West Texas Intermediate crude was up 17 cents, or 0.4 percent, at $49.45 a barrel at 0746 GMT. It fell below $50 on Thursday for the first since mid-December, when OPEC and other producers agreed to cut output.

  • MANILA, March 10- The European Union and the Association of Southeast Asian Nations said on Friday the two blocs would try to revive plans for a Free Trade Agreement between them, as European countries look to tap the region's strong growth. Those talks have had mixed success, with deals so far agreed only with Singapore and most recently, Vietnam, but yet to be...

  • *U.S. oil dropped below $50 on Thursday. West Texas Intermediate crude was up 37 cents, or 0.8 percent, at $49.65 a barrel at 0604 GMT. It fell below $50 on Thursday for the first since mid-December, when OPEC and other producers agreed to cut output.

  • March 10- The United States has launched a trade case accusing Chinese aluminum foil producers of dumping product and damaging its domestic industry, the first such case since the inauguration of U.S. hurting global prices World Trade Organization,. U.S. Aluminum Association filed a trade case accusing Chinese aluminum foil producers of dumping product and...

  • TOKYO, March 10- Japan on Friday rejected U.S. demands for more access to Japan's auto market, saying the government has already taken steps to eliminate tariffs and non-tariff barriers. The rebuff by the government's top spokesman came in reply to a statement the U.S. government submitted to the World Trade Organization on Wednesday saying, "a variety of...

  • *U.S. oil dropped below $50 on Thurs. West Texas Intermediate crude was up 40 cents at $49.68 a barrel at 0151 GMT. It fell below $50 on Thursday for the first since mid-December, when OPEC and other producers agreed to cut output.

  • HOUSTON, March 9- Canada's Natural Resources minister said on Thursday night his government is ready to discuss changes to the North American Free Trade Agreement with the United States and Mexico. Minister Jim Carr said Ottawa's view is that trade agreements "every now and then should be refreshed," responding to questions about the trade pact at a media...

  • HOUSTON, March 9- Canada's Natural Resources minister said on Thursday night his government is ready to discuss changes to the North American Free Trade Agreement with the United States and Mexico. Minister Jim Carr said Ottawa's view is that trade agreements "every now and then should be refreshed," responding to questions about the trade pact at a media...

  • WASHINGTON, March 9- Accords to update trade relations between Mexico and the United States could be possible towards the end of this year, Mexican Foreign Minister Luis Videgaray said on Thursday. Mexico is facing tough negotiations over trade with the United States because U.S. President Donald Trump has threatened to dump the NAFTA trade agreement between...

  • Both benchmarks hit lows not seen since OPEC deal Nov. 30. *Brent at record trading volume, WTI highest since OPEC deal. NEW YORK, March 9- Oil fell about 2 percent on Thursday in heavy trade, extending the previous session's slump to prices not seen since an OPEC- led pact to cut production was agreed, as record U.S. crude inventories fed doubts about the effectiveness of...

  • CALGARY, Alberta, March 9- Canadian Environment Minister Catherine McKenna said on Thursday the "No. 1 focus" of her government, including her department, is trade relations with the United States, as Canada steels itself for possible NAFTA renegotiation with its southern neighbor. Canada sends 75 percent of its exports to the United States, and U.S.

  • *Saudis say OPEC won't extend cuts to offset US shale- sources. NEW YORK, March 9- Oil fell about 2 percent on Thursday, extending the previous session's slump to prices not seen since an OPEC- led pact to cut production was agreed, as record U.S. crude inventories fed doubts about the effectiveness of the deal to curb a global glut. U.S. crude prices fell through the $50 a...

  • *Saudis warn executives OPEC won't take hit for more shale supply. HOUSTON, March 9- Senior Saudi energy officials told top independent U.S. oil firms in a closed-door meeting this week that they should not assume OPEC would extend output curbs to offset rising production from U.S. shale fields, two industry sources told Reuters on Thursday.

  • BRUSSELS, March 9- European Central Bank President Mario Draghi told European leaders meeting in Brussels on Thursday to press ahead with structural reforms in preparation for the day when loose monetary policy comes to an end, German Chancellor Angela Merkel said.