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World Economy International Organizations

  • WASHINGTON, April 20- Donald Trump took power in January pledging to overhaul a global order that he said cheated middle-class Americans with a promise to tear up trade agreements and impose tariffs on China and Mexico. He has refrained from pulling out of the North American Free Trade Agreement, did not carry out a pledge to label China a currency cheat, and his...

  • *Oil supplies remain plentiful despite OPEC- led cut. SINGAPORE/ LONDON, April 21- The jury is still out over whether an OPEC- led production cut aimed at tightening oil markets is working, or if the producer club has simply enabled higher prices without making much of a dent in the global fuel supply overhang. Over two years into a 50 percent price slump, the...

  • Speaking to bankers just hours after the formal start of the International Monetary Fund and World Bank spring meetings, White House National Economic Council Director Gary Cohn said Washington was prepared to get tougher in the trade arena. Asked at the Institute of International Finance about his message for his international counterparts, Cohn said the...

  • "Some of the lowering in rates is going to be offset by less deductions and simpler taxes," Treasury Secretary Mnuchin said in a question-and-answer session on the sidelines of the International Monetary Fund and World Bank spring meetings in Washington. Mnuchin said dynamic scoring could give Trump and Congress a $2 trillion revenue cushion for the first...

  • *Saudi Arabia, Kuwait signal likely cut extension. NEW YORK, April 20- Oil prices ended mixed on Thursday after a seesaw trading session, as investors weighed rising U.S. production against geopolitical uncertainties and comments from leading Gulf oil producers that an extension to OPEC- led supply cuts was likely. OPEC members Saudi Arabia and Kuwait signaled...

  • CARACAS, April 20- Annual inflation in crisis-hit Venezuela last year reached 274 percent, according to data the central bank provided to the International Monetary Fund, although many economists believe the true figure is far more alarming. Venezuelan consultancy Ecoanalitica says inflation was 525 percent last year and New York- based investment bank...

  • President Donald Trump on Canada's system of dairy protections, saying every nation defended its agricultural industries. Trudeau told Bloomberg Television that the United States in fact ran a dairy surplus with Canada. The threat to get rid of or alter NAFTA has clouded the economic outlook for Canada, whose biggest trade partner is the United States.

  • WASHINGTON, April 20- It would not be a bad idea for the European Central Bank and other central banks to follow the U.S. Speaking on the sidelines of International Monetary Fund meetings in Washington, Schaeuble said the ultra-loose monetary policies in place in many areas of the world were not helpful. Investors are on tenterhooks before Sunday's first round...

  • WASHINGTON, April 20- The Trump administration will unveil a tax reform plan very soon and expects it will be approved by Congress this year whether a healthcare overhaul happens or not, Treasury Secretary Steven Mnuchin said on Thursday. "It will be soon, very soon," Mnuchin told a conference on the sidelines of the IMF and World Bank spring meetings in Washington.

  • "I would make a distinction between last year's referendum, which was a binary decision for which markets and institutions were potentially not prepared... and the normal political process, which is what we're seeing happening in the UK and for which institutions are well prepared," Mark Carney said at an event of the International Monetary Fund in Washington.

  • Worries over Trump's approach to trade, taxes, financial regulation and climate change clouded the start of the International Monetary Fund and World Bank spring meetings, even amid improved optimism over global growth prospects. As the meetings got started, two blocks away at the White House, Trump signed a directive to study whether steel imports into the...

  • President Donald Trump on Canada's system of dairy protections, saying every nation defended its agricultural industries. Trudeau told Bloomberg Television that the United States in fact ran a dairy surplus with Canada. The threat to get rid of or alter NAFTA has clouded the economic outlook for Canada, whose biggest trade partner is the United States.

  • *Saudi Arabia, Kuwait signal likely cut extension. NEW YORK, April 20- Oil prices were mixed on Thursday in a seesaw trading session, as investors weighed rising U.S. production against comments from leading Gulf oil producers that an extension to OPEC- led supply cuts was likely. OPEC members Saudi Arabia and Kuwait signaled that the Organization of the Petroleum...

  • CARACAS, April 20- Annual inflation in crisis-hit Venezuela last year reached 274 percent, according to data the central bank provided to the International Monetary Fund, although many economists believe the true figure is far more alarming. Venezuelan consultancy Ecoanalitica says inflation was 525 percent last year and New York- based investment bank...

  • **WASHINGTON- World Bank President Jim Yong Kim and Canada Finance Minister Bill Morneau speak at World Bank- 2030 GMT. **WASHINGTON- World Bank President Jim Yong Kim is a panelist at the discussion "Creating Markets, Creating Opportunities" in Washington 1800 GMT. WASHINGTON- Governor of Bank of England Mark Carney speaks before an Institute of International...

  • **WASHINGTON- World Bank President Jim Yong Kim and Canada Finance Minister Bill Morneau speak at World Bank- 2030 GMT. **WASHINGTON- World Bank President Jim Yong Kim is a panelist at the discussion "Creating Markets, Creating Opportunities" in Washington 1800 GMT. WASHINGTON- Governor of Bank of England Mark Carney speaks before an Institute of International...

  • BRUSSELS, April 20- Argentina hopes to have an agreement on a free trade deal between the European Union and the South American Mercosur bloc by the end of the year, its foreign minister said on Thursday. The European Union and Mercosur launched trade negotiations in 1999, but they have faced multiple setbacks, partly due to more than a decade of leftist rule in...

  • WASHINGTON, April 20- International Monetary Fund Managing Director Christine Lagarde said on Thursday she believes the IMF can work with the Trump administration to improve the global trading system, but cautioned against jeopardizing open trade as a growth engine. Lagarde told a news conference at the opening of the IMF and World Bank spring meetings in...

  • *Saudi Arabia, Kuwait signal likely cut extension. NEW YORK, April 20- Oil prices were little changed on Thursday in a seesaw trading session, as investors weighed rising U.S. production against comments from leading Gulf oil producers that an extension to OPEC- led supply cuts was likely. OPEC members Saudi Arabia and Kuwait signaled that the Organization of the...

  • WASHINGTON, April 20- German Finance Minister Wolfgang Schaeuble said on Thursday it would be possible to develop the euro zone's European Stability Mechanism rescue fund into a European monetary fund soon. Speaking on the sidelines of International Monetary Fund meetings in Washington, he also said any new aid programs for euro zone countries should be...