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World Economy International Organizations

  • LONDON, Jan 25- The fast-growing financial technology sector presents potentially major "systemic risks" that need to be addressed by bank regulators around the world, Bank of England Governor Mark Carney said on Wednesday. Speaking at a conference at Germany's central bank, Carney said financial innovation could reduce costs and improve efficiency.

  • NEW YORK, Jan 25- Oil prices fell on Wednesday after builds in U.S. inventories reinforced expectations that increasing shale output this year would reduce the impact of production cuts by OPEC and other major exporters. Benchmark Brent crude was down 52 cents a barrel at $54.92 by 10:33 a.m. EST. The U.S. government's Energy Information Administration...

  • *OPEC output cuts underpin prices, keeping market in range. LONDON, Jan 25- Oil prices fell on Wednesday after builds in U.S. inventories reinforced expectations that increasing shale output this year would reduce the impact of production cuts by OPEC and other major exporters. "The API report was bearish," said Tamas Varga, senior analyst at London brokerage PVM...

  • A more protectionist United States would threaten Canada's economy. But Canadian officials are convinced Mexico will suffer the most damage from changes to the North American Free Trade agreement, under which Canada sends 75 percent of its exports to the United States. If constructed, the pipeline would provide oil producers in Canada with a quicker route to...

  • *OPEC output cuts underpin prices, keeping market in range. LONDON, Jan 25- Oil prices fell on Wednesday after builds in U.S. inventories reinforced expectations that increasing shale output this year would reduce the impact of production cuts by OPEC and other major exporters. "The API report was bearish," said Tamas Varga, senior analyst at London brokerage PVM...

  • *OPEC output cuts underpin prices, keeping market in range. LONDON, Jan 25- Oil prices fell on Wednesday after builds in U.S. inventories reinforced expectations that increasing shale output this year would reduce the impact of production cuts by OPEC and other major exporters. Benchmark Brent crude was down 40 cents a barrel at $55.04 by 0900 GMT.

  • SINGAPORE, Jan 25- Oil edged lower on Wednesday as expectations of an increase in U.S. inventories weighed on the market, offsetting bullish momentum from output cuts announced by OPEC and other producers. Brent crude, the international benchmark for oil prices, dropped 24 cents, or 0.4 percent, to $55.20 a barrel by 0740 GMT. The Energy Information Administration...

  • BEIJING, Jan 25- The European Union urged China on Wednesday to make "concrete progress" in opening its markets to global investment, after Chinese President Xi Jinping decried protectionism in a speech at the recent World Economic Forum in Davos, Switzerland. In June 2016, the European Chamber of Commerce in China warned that foreign companies face an...

  • SINGAPORE, Jan 25- Oil edged lower on Wednesday as expectations of an increase in U.S. inventories weighed on the market, offsetting bullish momentum from output cuts announced by OPEC and other producers. Brent crude, the international benchmark for oil prices, had dropped 15 cents, or 0.3 percent, to $55.29 a barrel by 0228 GMT. The Energy Information...

  • LONDON, Jan 24- Saudi Arabia's energy minister has predicted production cuts by OPEC and non- OPEC countries will reduce global oil inventories by 300 million barrels by the middle of 2017.. But traders have become more wary as the initial surprise from the ambitious OPEC and non- OPEC deals fades and the market becomes more watchful. The calendar spread for WTI...

  • SINGAPORE, Jan 25- Oil edged lower on Wednesday, snapping four sessions of gains as an increase in U.S. inventories weighed on the market, offsetting bullish momentum from production cuts announced by OPEC and other producers. West Texas Intermediate crude futures had fallen 19 cents, or 0.3 percent, to $52.99 a barrel by 0022 GMT. The Energy Information...

  • MEXICO CITY, Jan 24- Under pressure from President Donald Trump, Mexico is preparing to discuss changes to trade rules about a product's country of origin to try to avoid a disruptive fight with the United States over commerce. As the two countries begin a difficult new relationship, Mexico sees possible common ground with Trump on the "rules of origin" of the North...

  • *OPEC exporters appear to be cutting output as promised. NEW YORK, Jan 24- Oil prices edged higher on Tuesday ahead of weekly U.S. inventory data on evidence the global market is tightening as lower production by OPEC and other exporters drains stocks. Brent futures gained 21 cents, or 0.4 percent, to settle at $55.44 a barrel, while U.S.

  • MEXICO CITY, Jan 24- Mexico could pull out of the North American Free Trade Agreement if a renegotiation of its terms does not benefit Latin America's second-largest economy, Economy Minister Ildefonso Guajardo said on Tuesday. It would not make sense to stay, "Guajardo said when asked on television if Mexico could pull out of the trade deal with Canada and the...

  • MEXICO CITY, Jan 24- Under pressure from President Donald Trump, Mexico is preparing to discuss changes to trade rules about a product's country of origin to try to avoid a disruptive fight with the United States over commerce. As the two countries begin a difficult new relationship, Mexico sees possible common ground with Trump on the "rules of origin" of the North...

  • *S&P 500, Nasdaq hit record highs on bank, tech gains. *Oil prices rise as OPEC output cuts drain stocks. NEW YORK, Jan 24- Stocks rose on Tuesday as investors looked past U.S.

  • *OPEC exporters appear to be cutting output as promised. NEW YORK, Jan 24- Oil prices edged higher on Tuesday ahead of weekly U.S. inventory data on evidence the global market is tightening as lower production by OPEC and other exporters drains stocks. Brent futures gained 21 cents, or 0.4 percent, to settle at $55.44 a barrel, while U.S.

  • CALGARY, Alberta, Jan 24- Canada will focus on preserving its U.S. trade ties during talks to renegotiate NAFTA and may not be able to help Mexico avoid being targeted by the Trump administration, Canadian government sources say. President Donald Trump on Sunday said he planned talks soon to begin renegotiating NAFTA, under which Canada and Mexico send most of...

  • CALGARY, Alberta, Jan 24- Canada will focus on preserving its U.S. trade ties during talks to renegotiate NAFTA and may not be able to help Mexico avoid being targeted by the Trump administration, Canadian government sources say. President Donald Trump on Sunday said he planned talks soon to begin renegotiating NAFTA, under which Canada and Mexico send most of...

  • CALGARY, Alberta, Jan 24- Canada will focus on preserving its U.S. trade ties during talks to renegotiate NAFTA and may not be able to help Mexico avoid being targeted by the Trump administration, Canadian government sources say. President Donald Trump on Sunday said he planned talks soon to begin renegotiating NAFTA, under which Canada and Mexico send most of...