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World Economy International Organizations

  • President Donald Trump said on Thursday that renegotiating the North American Free Trade Agreement with neighboring Canada and Mexico was "very possible," but he threatened to scrap the pact if the countries failed to reach a "fair deal for all." "I received calls from the President of Mexico and the Prime Minister of Canada asking to renegotiate NAFTA rather than...

  • *OPEC expected to extend production cuts. LONDON, April 27- Oil prices fell on Thursday after news that two key oilfields in Libya had restarted, pumping crude for export into an already bloated market. Benchmark Brent crude fell $1.14 a barrel to a low of $50.68 before recovering slightly to trade around $50.85 by 1220 GMT.

  • President Donald Trump on Thursday said a renegotiated trade deal with neighboring Canada and Mexico was "very possible" but that if a "fair deal for all" could not be reached, the NAFTA treaty would be terminated. Trump's comments on Twitter come one day after he told the leaders of the two countries that he would not end the trade pact. White House officials had...

  • LONDON, April 27- Chicago corn futures edged higher on Thursday, recouping some of the previous session's losses, as the market kept a close watch on planting delays in the U.S. and the future of the North American Free Trade Agreement. The Chicago Board Of Trade's most active corn contract rose 0.3 percent to $3.67-3/ 4 a bushel by 1120 GMT, having closed 1.3 percent...

  • Trump said Thursday at the White House he'd been planning to terminate NAFTA "as of two or three days from now. "But the president says he was persuaded to reconsider by the leaders of Canada and Mexico. President Donald Trump says the leaders of Canada and Mexico called him asking the United States to remain a partner in the North American Free Trade Agreement and...

  • COPENHAGEN, April 27- The European Union will reach a free trade deal with Britain after the country leaves, the bloc's trade commissioner said on Thursday. "It's uncharted territory but I'm sure we will solve it. We will have a free trade agreement, that is for sure, " Cecilia Malmstrom told a conference in Copenhagen.

  • PARIS, April 27- Iraq will go with the consensus reached by OPEC when the oil exporter group meets in Vienna next month to discuss extending production cuts, the country's oil minister said on Thursday. Iraq, the second-largest producer in the Organization of the Petroleum Exporting Countries, was in full compliance with the OPEC- led supply pact reached last...

  • SYDNEY- Reserve Bank of Australia Governor Philip Lowe gives a speech at the Renminbi Global Cities Dialogue Dinner. MOSCOW- Central Bank of Russia announces its interest rate decision- 1030 GMT. YOKOHAMA, Japan Bank of Japan Governor Haruhiko Kuroda, Asian Development Bank President Takehiko Nakao will speak at Global Think Tank Summit ahead of ADB's annual...

  • BRUSSELS— The 27 European Union nations heading into two years of divorce negotiations with Britain stressed unity Thursday, saying there's a large consensus on the tough guidelines for their Brexit negotiators which are to be approved at a weekend summit. Also Thursday, German Chancellor Angela Merkel, the strongest voice in the EU, said Britain should not...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • ATHENS, Greece— Greece and its bailout creditors are closing in on a deal to restart rescue loan payouts, senior officials from the two sides said Thursday, a compromise that is likely to prolong years of hardship for many Greeks. Bailout inspectors from International Monetary Fund and European Union institutions return to Athens this week to finalize the...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • LONDON, April 27- The dollar only held its gains against the Japanese yen on Thursday after U.S. The market also awaited the European Central Bank's monetary policy decision. The Canadian dollar and Mexican peso, which had slumped earlier on reports the United States is considering withdrawing from the North American Free Trade Agreement, bounced sharply...

  • WASHINGTON— President Donald Trump has told the leaders of Mexico and Canada that he will not pull out of the North American Free Trade Agreement at this time, just hours after administration officials said he was considering a draft executive order to do just that. The White House made the surprise announcement Wednesday in a read-out of calls involving Trump,...

  • West Texas Intermediate crude oil futures were trading at $49.37 per barrel at 0420 GMT, down 25 cents, or 0.5 percent from their last close. Traders said the falls in recent weeks were due to a realisation that global oil markets remained oversupplied, despite efforts led by the Organization of the Petroleum Exporting Countries and Russia to cut output by 1.8...

  • WASHINGTON— President Donald Trump on Wednesday told the leaders of Mexico and Canada that he will not immediately pull out of the North American Free Trade Agreement, just hours after administration officials said he was considering a draft executive order to do just that. The White House made the surprise announcement in a read-out of calls between Trump,...

  • TOKYO, April 27- The dollar held gains against the yen on Thursday after U.S. President Donald Trump's tax plan offered no fresh surprises, slowing the greenback's rally, while the market awaited the European Central Bank's upcoming monetary policy decision. The Canadian dollar and Mexican peso, which had slumped earlier on reports the United States is...

  • President Donald Trump told the leaders of Canada and Mexico on Wednesday that he will not terminate the NAFTA treaty at this stage, but will move quickly to begin renegotiating it with them, a White House said. The announcement came after White House officials disclosed that Trump and his advisers had been considering issuing an executive order to withdraw...