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World Economy International Organizations

  • *Market anticipates no change from OPEC meet- Analyst. SINGAPORE, July 21- Oil prices were little changed on Friday ahead of a key meeting of major oil producing nations next week, with Brent sitting below the $50 per barrel level that was briefly breached for the first time in six weeks in the previous session. International benchmark Brent crude futures were at...

  • 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...

  • SINGAPORE, July 21- Oil prices were little changed on Friday ahead of a key meeting of major oil producing nations next week, sitting below the $50 per barrel level that was briefly breached for the first time in 6 weeks in the previous session. OPEC, together with some non-members like Russia, has pledged to reduce the global glut with a 1.8 million-barrel per day...

  • SINGAPORE, July 21- Oil prices nudged up on Friday ahead of a key meeting of major oil producing nations next week, but held below the $50 per barrel level that was briefly breached for the first time in 6 weeks in the previous session. OPEC, together with some non-members like Russia, has pledged to reduce the global glut with a 1.8 million-barrel per day production...

  • WASHINGTON— The International Monetary Fund's board on Thursday approved a $1.8 billion loan to Greece— but will only release the money if the country gets debt relief from its European creditors. The IMF has praised Greece for taking steps to reduce its budget deficits, including expanding its tax base and cutting spending on pensions. IMF managing director...

  • WASHINGTON/ OTTAWA, July 20- Top Canadian and Mexican diplomats expressed optimism on Thursday that a NAFTA deal could be reached early next year and cautioned that widespread uncertainty over the future of the three-way trade agreement had slowed business investment. Mexico's ambassador to the United States, Geronimo Gutierrez, said his country wanted to...

  • Traders predicted prices would hold near current levels ahead of Monday's meeting between key OPEC and non- OPEC producers in St. Petersburg, Russia. On Tuesday, Reuters reported the country was committed to working with other countries to draw down stocks, taking into account the surprising increase in production from OPEC members Nigeria and Libya.

  • BRUSSELS/ LONDON, July 20- The European Union and Britain offered few compromises at their first full round of Brexit talks which ended on Thursday, and the pound fell on worries that British ministers were prepared to walk away without a deal. Separately, academics warned of "widespread, damaging and pervasive" costs if Britain failed to reach at least a...

  • RPT- UK TRADE MINISTER LIAM FOX SAYS BREXIT ON WTO TERMS WOULD NOT BE "THE END OF THE WORLD", BUT WE ARE AIMING FOR A MUCH BETTER SCENARIO.

  • UNITED NATIONS, July 20- Egypt accused Qatar on Thursday of adopting a "pro-terrorist" policy that violated United Nations Security Council resolutions and described it as "shameful" that the 15- member body had not held Qatar accountable. Saudi Arabia, Bahrain, the United Arab Emirates and Egypt imposed sanctions on Qatar last month, saying the gas-rich Gulf...

  • GENEVA, July 20- Britain leaving the European Union without a new trade deal would not be the end of the world, although failing to keep existing open relationships could have global repercussions, Britain's trade minister said in an interview on Thursday. Sterling fell on Thursday on concerns about Brexit talks ending with no deal, which would leave Britain and...

  • FOX SAYS BREXIT ON WTO TERMS WOULD NOT BE "THE END OF THE WORLD," BUT WE ARE AIMING FOR A MUCH BETTER SCENARIO.

  • CHICAGO, July 20- China officials have agreed to allow imports of U.S. rice for the first time ever, U.S. Department of Agriculture Secretary Sonny Perdue said on Thursday. China opened its rice market when it joined the World Trade Organization in 2001 but a lack of phytosanitary protocol between China and the United States effectively banned imports, according...

  • Trade Representative Robert Lighthizer released this week for the renegotiation of NAFTA with Mexico and Canada is reasonable and in line with what the Trump administration has promised to focus on, the head of America's largest railroad said on Thursday. Talks with Mexico and Canada on revisions to the treaty, which came into effect in 1994, are due to start...

  • PARIS, July 20- German Social Democrat leader Martin Schulz called on Thursday for accelerated reforms to the euro zone, and the basis of a strengthened currency union to be agreed by the time Britain leaves the European Union in 2019.. He said Germany must be ready to do more for Europe, including with contributions to the EU budget. Schulz, the former European...

  • BRUSSELS/ LONDON, July 20- The European Union and Britain offered few compromises at their first full round of Brexit talks which ended on Thursday, and the pound fell on worries that British ministers were prepared to walk away without a divorce deal. Separately, academics warned of "widespread, damaging and pervasive" costs if Britain failed to reach at least a...

  • BRUSSELS, July 20- European steel association Eurofer criticized on Thursday measures set out by the European Commission to counter dumping of hot-rolled steel from Brazil, Iran, Russia and Ukraine. The Commission, which oversees trade policy in the 28- member European Union, has set out plans to levy tariffs of up to 33 percent on the steel grade, used in...

  • BRUSSELS, July 20- European steel association Eurofer criticised on Thursday measures set out by the European Commission to counter dumping of hot-rolled steel from Brazil, Iran, Russia and Ukraine. The Commission, which oversees trade policy in the 28- member European Union, has set out plans to levy tariffs of up to 33 percent on the steel grade, used in...

  • Traders predicted prices would hold near current levels ahead of Monday's meeting between key OPEC and non- OPEC producers in St. Petersburg, Russia. On Tuesday, Reuters reported the country was committed to working with other countries to draw down stocks, taking into account the surprising increase in production from OPEC members Nigeria and Libya.

  • BRUSSELS/ LONDON, July 20- The European Union and Britain offered few compromises at their first full round of Brexit talks which ended on Thursday, and the pound fell on worries that British ministers were prepared to walk away without a divorce deal. While negotiators laid out their disagreements in Brussels, Prime Minister Theresa May met company bosses at...