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World Economy International Organizations

  • NEW YORK, April 26- Equities retreated from highs on Wednesday after a U.S. tax plan disappointed, while the Canadian dollar and Mexican peso weakened against the greenback on the possibility of a U.S. withdrawal from the North American Free Trade Agreement. President Donald Trump proposed slashing tax rates for businesses and on overseas corporate profits...

  • NEW YORK, April 26- The U.S. dollar shed gains against major rivals on Wednesday after a White House tax reform announcement was viewed as lacking in new details, while the peso and Canadian dollar sank on reports that the U.S. is considering withdrawing from the North American Free Trade Agreement. Analysts said traders were disappointed by the lack of new...

  • *Doubts over OPEC effectiveness despite Saudi comments. NEW YORK, April 26- Oil prices rebounded from early losses on Wednesday after U.S. government data showed a larger-than-expected falloff in crude inventories, which encouraged buying after several days of selling on worries that a global crude glut was persisting despite output cuts by producing...

  • CHICAGO, April 26- U.S. corn futures fell more than 1 percent Wednesday on forecasts for better Midwest planting weather and news that the White House is considering an executive order on withdrawing from North American Free Trade Agreement, analysts said. Chicago Board of Trade July corn settled down 5 cents at $3.66-3/ 4 per bushel. The extended forecast beyond...

  • MEXICO CITY, April 26- Mexico's peso sank to a more than one-month low on Wednesday on news the administration of U.S. A senior Trump administration official said on Wednesday a draft executive order that would withdraw the United States from NAFTA, that also includes Mexico and Canada, was under consideration, confirming an earlier report from Politico.

  • *Doubts over OPEC effectiveness despite Saudi comments. NEW YORK, April 26- Oil prices rebounded from early losses on Wednesday after U.S. government data showed a larger-than-expected falloff in crude inventories, which encouraged buying after prices slid for several days on worries that a global crude glut was persisting despite cuts in output by...

  • OTTAWA, April 26- Canada is ready to come to talks on renewing the North American Free Trade Agreement at any time, a Canadian official said on Wednesday in reaction to reports that a draft executive order to withdraw the United States from the pact was under consideration. "At this moment NAFTA negotiations have not started. Canada is ready to come to the table at...

  • NEW YORK, April 26- Equities in major markets climbed on Wednesday as U.S. shares rose on strong earnings and potential tax cuts, while the dollar strengthened against the Mexican peso on the possibility of a U.S. withdrawal from the North American Free Trade Agreement. President Donald Trump's effort to craft a tax package that can pass Congress, described the...

  • NEW YORK, April 26- Mexican and Canadian stocks and currencies fell on Wednesday after reports that the White House was considering withdrawing from the North American Free Trade Agreement, a long-standing trade deal between both countries and the United states. The Toronto Stock Exchange's S&P/TSX composite index was down 0.11 percent and Mexico's IPC...

  • CAPE TOWN, April 26- A South African pact with Russia's Rosatom to build nuclear reactors was deemed unlawful by a High Court on Wednesday, casting fresh doubt over the country's energy plans. South Africa and Russia signed an Intergovernmental Agreement in 2014 that sealed a cooperation pact between state-owned nuclear group Rosatom and state-owned...

  • *Doubts over OPEC effectiveness despite Saudi comments. NEW YORK, April 26- Oil prices rebounded from earlier losses on Wednesday after data showed a larger-than-expected falloff in U.S. crude inventories, a salve for investors after several days of declines founded on worries about the slow pace of global efforts to reduce a glut. The U.S. Energy Department...

  • CAPE TOWN, April 26- A South African pact with Russia's Rosatom to build nuclear reactors was deemed unlawful by a High Court on Wednesday, casting fresh doubt over the country's energy plans. South Africa and Russia signed an Intergovernmental Agreement in 2014 that sealed a cooperation pact between state-owned nuclear group Rosatom and state-owned...

  • *Doubts over OPEC effectiveness despite Saudi comments. Brent crude, the international benchmark for oil prices, was down 50 cents to $51.60 per barrel at 1350 GMT. U.S. inventory data issued late on Tuesday by the American Petroleum Institute weighed on prices and showed the difficulty OPEC and non- OPEC producers are having in eliminating a supply glut despite...

  • CAPE TOWN, April 26- A South African pact with Russia's Rosatom to build nuclear reactors was deemed unlawful by a High Court on Wednesday, casting fresh doubt over the country's energy plans. South Africa and Russia signed an Intergovernmental Agreement in 2014 that sealed a cooperation pact between state-owned nuclear group Rosatom and state-owned...

  • *Doubts over OPEC effectiveness weigh despite Saudi comments. Brent crude, the international benchmark for oil prices, eased 50 cents to $51.60 per barrel at 1225 GMT. U.S. inventory data issued late on Tuesday by the American Petroleum Institute weighed on prices and showed the difficulty OPEC and non- OPEC producers are having in eliminating a supply glut...

  • LONDON, April 26- Sterling dipped versus the dollar and euro on Wednesday, struggling for direction ahead of first quarter growth numbers due on Friday in a week so far dominated by events in the euro zone. Besides the gross domestic product numbers due on Friday, investors are on the lookout for fresh news surrounding Britain's exit from the European Union.

  • Canadian PM talks to President Trump, "refuted the baseless allegations" of u.s. *Canadian PM tells Trump that Canada will vigorously defend interests of softwood lumber industry- statement from Trudeau's office. *Canadian PM tells Trump Canada will stick to NAFTA rules giving U.S. access to duty-free and quota-free access for milk protein substances-...

  • Foreign Minister Luis Videgaray said Mexico was watching to see if plans by U.S. Trump has vowed to pull out of the North American Free Trade Agreement that underpins the bulk of Mexican exports if he cannot rework it in his homeland's favor, and talks between the signatories- Mexico, the United States and Canada- on modernizing the accord are expected to start...

  • OTTAWA/ WINNIPEG, April 25- From cherries to wine and oil, Canada has a range of tools to retaliate against any Trump administration trade attacks but they are either too limited or too painful to invoke. Ottawa is keen to avoid a costly trade war with the United States as NAFTA renegotiations loom, given the U.S. economy is ten times larger than Canada's.

  • Foreign Minister Luis Videgaray said Mexico was watching to see if plans by U.S. Trump has vowed to pull out of the North American Free Trade Agreement that underpins the bulk of Mexican exports if he cannot rework it in his homeland's favor, and talks between the signatories- Mexico, the United States and Canada- on modernizing the accord are expected to start...