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World Economy International Organizations

  • SINGAPORE, March 31- Oil prices eased on Friday as traders took profits following three days of straight gains on the expectation that an OPEC- led crude supply cut that was initially supposed to only last for the first half of the year would be extended. Traders said there was a growing sense that the Organization of the Petroleum Exporting Countries and non- OPEC...

  • SINGAPORE, March 31- Oil prices eased on Friday as traders took profits following three days of straight gains on the expectation that an OPEC- led crude supply cut that was initially supposed to only last for the first half of the year would be extended. Traders said there was a growing sense that the Organization of the Petroleum Exporting Countries and non- OPEC...

  • WASHINGTON, March 30- In revamping the North American Free Trade Agreement, the Trump administration will seek tax equality and the ability to reimpose tariffs if a flood of imports from Canada and Mexico causes "a threat of serious injury" to U.S. industry, a draft of negotiating objectives shows. "The persistent U.S. deficit in goods trade with Canada and Mexico...

  • WASHINGTON, March 30- In revamping the North American Free Trade Agreement, the Trump administration will seek tax equality and the ability to reimpose tariffs if a flood of imports from Canada and Mexico causes "a threat of serious injury" to U.S. industry, a draft of negotiating objectives shows. "The persistent U.S. deficit in goods trade with Canada and Mexico...

  • *Canadian dollar ends at C $1.3334, or 75.00 U.S. cents. barrel after Kuwait backed an extension of Organization of the Petroleum Exporting Countries production cuts to reduce a global glut. "The big story is oil back above 50... it is a huge relief for CAD," said Greg Anderson, global head of foreign exchange strategy in New York.

  • *Kuwait says OPEC discussing extending output cuts. NEW YORK, March 30- Oil prices jumped for a third day on Thursday to their highest in three weeks after Kuwait backed an extension of OPEC production cuts to reduce a global glut. Kuwait oil minister Essam al-Marzouq said his country was among several nations supporting the extension of a deal between the...

  • WASHINGTON, March 30- The Trump administration will seek changes to the North American Free Trade Agreement allowing it to reimpose tariffs if a flood of imports from Canada and Mexico causes "a threat of serious injury" to U.S. industry, according a draft document sent to Congress. Trade Representative's office to members of Congress for review.

  • WASHINGTON, March 30- The Trump administration will seek changes to the North American Free Trade Agreement allowing it to reimpose tariffs if a flood of imports from Canada and Mexico causes "a threat of serious injury" to U.S. industry, according a draft document sent to Congress. "The persistent U.S. deficit in goods trade with Canada and Mexico demands that this...

  • WASHINGTON, March 30- The Trump administration will seek changes to the North American Freed Trade Agreement allowing it to reimpose tariffs if a flood of imports from Canada and Mexico causes "a threat of serious injury" to U.S. industry, according a draft document sent to Congress. "The persistent U.S. deficit in goods trade with Canada and Mexico demands that...

  • *Kuwait says OPEC discussing extending output cuts. NEW YORK, March 30- Oil prices jumped for a third day on Thursday to their highest in three weeks after Kuwait gave its backing for an extension of OPEC production cuts in an attempt to reduce global oversupply. Kuwait oil minister Essam al-Marzouq said his country was among several nations supporting the...

  • He also says Moscow will support the U.S. president in fighting terrorism and cooperate with the Pentagon and the CIA. FAMILY PLANNING Vice President Mike Pence makes a rare journey to Capitol Hill to break a tie in a Senate vote to roll back federal funding for family planning and reproductive health. NAFTA The Trump administration is seeking mainly limited...

  • *Nigeria in first recession in quarter of century. *IMF says Nigeria economy expected to grow 0.8 pct this year. ABUJA, March 30- The International Monetary Fund urged Nigeria on Thursday to lift its remaining foreign exchange restrictions and scrap its system of multiple exchange rates in order to revive its economy, which is in its first recession in 25 years.

  • He also says Moscow will support the U.S. president in fighting terrorism and cooperate with the Pentagon and the CIA. The Trump administration is seeking mainly limited changes to the North American Free Trade Agreement with Mexico and Canada, the Wall Street Journal reports, citing an administrative draft proposal circulated in Congress by the Office of...

  • COPENHAGEN/ BRUSSELS, March 29- The European Union is seeking a mandate from members to negotiate with Russia over objections to its plans to build a second pipeline to pump more gas to Europe via the Baltic Sea to Germany, an EU document showed, as some EU states worry it will make Europe too reliant on Russian gas. Russian state gas exporter Gazprom, which supplies...

  • ABUJA, March 30- The International Monetary Fund called on Nigeria on Thursday to lift its remaining foreign exchange restrictions and scrap its system of multiple exchange rates to revive the country's recession-hit economy. In 2016, Nigeria fell into its first annual recession in 25 years, which was largely caused by the impact of low oil prices and attacks...

  • *Kuwait says OPEC discussing extending output cuts. NEW YORK, March 30- Oil prices jumped for a third day on Thursday to their highest in three weeks after Kuwait gave its backing for an extension of OPEC production cuts in an attempt to reduce global oversupply. "I see no sign from OPEC and Saudi Arabia that they will not roll over the cut into the second half of the...

  • COPENHAGEN/ BRUSSELS, March 29- The European Union is seeking a mandate from member countries to negotiate with Russia over its plans to build a second pipeline to export more gas into Europe via the Baltic Sea to Germany, an EU document showed, as some EU states worry that the project will make Europe too reliant on Russian gas. The Nord Stream 2 pipeline would pass...

  • *Canadian dollar at C $1.3311, or 75.13 U.S. cents. barrel, supported by supply disruptions in Libya and lower output from other Organization of the Petroleum Exporting Countries exporters. trading at C $1.3311 to the greenback, or 75.13 U.S. cents, stronger than Wednesday's close of C $1.3333, or 75.00 U.S. cents.

  • *Kuwait says OPEC discussing extending output cuts. LONDON, March 30- Oil prices rose further on Thursday, building on two days of increases after Kuwait gave its backing for an extension of OPEC production cuts in an attempt to reduce global oversupply. "There is a significant chance that a short-to-medium-term bottom has been found," said Tamas Varga, analyst at...

  • WASHINGTON, March 30- The Trump administration is seeking mainly limited changes to the North American Free Trade Agreement with Mexico and Canada, the Wall Street Journal reported on Thursday, citing an administrative draft proposal circulated in Congress by the Office of the U.S. Trade Representative. This could allow for Trumps Buy American plan, but also...