World Economy International Organizations

  • IMF SPOKESMAN SAYS FUND LOOKS FORWARD TO WORKING WITH TRUMP ADMINISTRATION, ASSUMES NO CHANGE IN U.S.

  • BRUSSELS, Nov 10- The European Union is likely to extend economic sanctions on Russia over Ukraine in December but could find it much harder to renew them in the future if Donald Trump succeeds in warming up relations with Russia. Trump, who will take over as U.S. president in January, has said he wants a "good relationship" with Russia and President Vladimir Putin,...

  • President-elect Donald Trump's surprise victory and focused on global oversupply as well as a key OPEC meeting this month that could decide to cut production. The Organization of the Petroleum Exporting Countries meets in Vienna on Nov. 30 for talks on output cuts. Brent crude was down 50 cents at $45.86 a barrel by 1500 GMT.

  • President-elect Donald Trump's surprise victory and focused on global oversupply and a key OPEC meeting this month that could decide to cut production. The Organization of the Petroleum Exporting Countries meets in Vienna on Nov. 30 for talks on output cuts in an effort to rebalance the market. Brent crude was down 20 cents at $46.16 a barrel by 1335 GMT.

  • concerns@ SAO PAULO, Nov 10- The Brazilian and Mexican currencies stumbled for a second day on Thursday amid worries of a potential trade shock under U.S. Trump had vowed, during his election campaign, that if elected his administration would force Canada and Mexico to renegotiate the North American Free Trade Agreement with the United States as part of what he...

  • LONDON, Nov 10- The oil market surplus may run into a third year in 2017 without an output cut from OPEC, while escalating production from exporters around the globe could lead to relentless supply growth, the International Energy Agency said on Thursday. In its monthly oil market report, the group said global supply rose by 800,000 barrels per day in October to...

  • President-elect Donald Trump's surprise victory, but investors were cautious ahead of a key OPEC meeting to decide on production. But the oil market is heavily oversupplied and investors are focusing on a gathering of the Organization of the Petroleum Exporting Countries on Nov. 30, which may lead to output cuts. Brent crude was up 30 cents at $46.66 a barrel by...

  • BRUSSELS, Nov 10- European Union lawmakers approved a legal text on Thursday urging global banking regulators not to significantly raise capital requirements for lenders, the EU's latest move to influence a review of rules seen as too favourable to U.S. banks. The text was approved by the European Parliament's economic committee just a few weeks before a...

  • President-elect Donald Trump's surprise victory, but investors were cautious ahead of a key OPEC meeting to decide on production. But the oil market is heavily oversupplied and investors are focusing on a gathering of the Organization of the Petroleum Exporting Countries on Nov. 30, which may lead to output cuts. Brent crude was up 10 cents at $46.46 a barrel by...

  • LONDON, Nov 10- The oil market risks running another surplus in 2017 without an output cut from OPEC, as producers around the globe ramp up supply and demand growth falters, the International Energy Agency said on Thursday. In its monthly oil market report, the group said global supply rose by 800,000 barrels per day in October to 97.8 million bpd, led by record OPEC...

  • Trump's election initially stunned markets and led Ian Bremmer, president of U.S. risk consultancy Eurasia Group, to warn that "the world is heading into a profound geopolitical recession". "It all depends on the upcoming OPEC meeting," said Carsten Fritsch, senior oil and commodities analyst at Commerzbank in Frankfurt. "We are still in an oversupplied market and...

  • Mexico's President Enrique Pena Nieto

    Mexico said on Wednesday it would work with Donald Trump for the benefit of both nations after his surprise U.S. election win.

  • BEIJING, Nov 10- China is disappointed that the European Union hasn't completely recognized its market economy status, commerce ministry spokesman Shen Danyang said on Thursday in a sign that Beijing will continue to press the EU to relax its anti-dumping rules. The EU and many of China's other trading partners have been debating whether to grant China "market...

  • BUENOS AIRES, Nov 9- Argentina can be trusted to provide accurate inflation estimates, the International Monetary Fund said on Wednesday as it lifted its censure of the government's Indec statistics agency, which had published questionable consumer price data for years. President Mauricio Macri won office last year on a free-markets platform that included...

  • MEXICO CITY, Nov 9- Mexico said on Wednesday it would work with Donald Trump for the benefit of both nations after his surprise U.S. election win, but reiterated it would not pay for his planned border wall, which stirred up deep resentment during a fraught presidential campaign. Trump's threats to dump the North American Free Trade Agreement agreement with...

  • BUENOS AIRES, Nov 9- Argentina's official Indec statistics authority has improved the accuracy of its inflation data, bringing it into compliance with international norms, the International Monetary Fund said on Wednesday in announcing it had lifted its censure of the agency. President Mauricio Macri won office last year on a free-markets platform that...

  • MEXICO CITY, Nov 9- Mexico said on Wednesday it will not pay for a border wall after Donald Trump's surprise U.S. presidential election win and officials held back from taking any action to support the peso despite the currency hitting lifetime lows overnight. Trump's threats to amend the NAFTA trade agreement with Mexico, and to tax money sent home by migrants to...

  • MEXICO CITY, Nov 9- Mexico said on Wednesday it will not pay for a border wall after Donald Trump's surprise U.S. presidential election win and officials held back from taking any action to support the peso despite the currency hitting lifetime lows overnight. Trump's threats to amend the NAFTA trade agreement with Mexico, and to tax money sent home by migrants to...

  • FRANKFURT/ NEW YORK, Nov 9- Goldman Sachs is considering shifting some of its assets and operations from London to Frankfurt, three people familiar with the matter said, as it tries to secure access to the European Union market when Britain leaves the bloc. "Moving under ECB supervision in Frankfurt is one of the options the bank is considering," one of the people said.

  • BRUSSELS, Nov 9- A protectionist U.S. president and increased European suspicion of a Trump-led America undermine the prospects of a planned transatlantic free trade agreement between the European Union and the United States. EU and U.S. officials have for more than three years been negotiating the Transatlantic Trade and Investment Partnership, with...