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World Economy International Organizations

  • SINGAPORE, May 12- Oil prices were stable on Friday as traders expected OPEC- led production cuts to extend beyond the middle of this year, and as U.S. crude inventories fell to their lowest levels since February. "Net length is at its lowest level since November 2016, which could support a significant price rally if OPEC does extend production cuts," Jefferies added.

  • In the second day of a three-day mission to Brazil, Raúl Urteaga, general coordinator of international affairs at Mexico's Ministry of Agriculture, said the main purpose of the visit is to accelerate business contacts between the two countries as part of broader efforts to diversify Mexico's trade ties with nations other that the United States.

  • WASHINGTON, May 11- The U.S. Senate on Thursday approved President Donald Trump's nominee for U.S. Trade Representative, a critical position ahead of renegotiations of the North American Free Trade Agreement with Canada and Mexico. Delays in Senate confirmation of veteran trade lawyer Robert Lighthizer more than 100 days after his nomination have set back...

  • *Central European, African countries to join OPEC cuts. *OPEC sees much higher oil supply from rivals in 2017. NEW YORK, May 11- Oil prices rose for a second day on Thursday, closing more than 1 percent higher as support grew for OPEC output cuts a day after the U.S. government reported a big draw in crude inventories, boosting confidence that a global glut might diminish.

  • WASHINGTON, May 11- The U.S. Senate on Thursday approved President Donald Trump's nominee for U.S. Trade Representative, a critical position ahead of renegotiations of the North American Free Trade Agreement with Canada and Mexico. Delays in Senate confirmation of veteran trade lawyer Robert Lighthizer more than 100 days after his nomination have set back...

  • WASHINGTON, May 11- The U.S. Senate on Thursday approved President Donald Trump's nominee for U.S. Trade Representative, a critical position ahead of renegotiations of the North American Free Trade Agreement with Canada and Mexico. The Senate voted to confirm veteran trade lawyer Robert Lighthizer by a 82-14 vote.

  • BARI, Italy, May 11- Top euro zone and International Monetary Fund officials will discuss debt relief for Greece early on Friday, on the sidelines of a meeting of G7 finance ministers and central bankers in the Italian city of Bari, officials said. The meeting is to help determine how euro zone lenders, who hold half of Greek public debt, should firm up their...

  • "The problem has become global," said Suzanne Hill, head of essential medicines at the World Health Organisation. Hill was speaking after a one-day forum on fair pricing sponsored by the U.N. health agency and the Dutch government in Amsterdam. WHO assistant director-general Marie-Paule Kieny said there was agreement that industry needed reasonable returns...

  • *Central European, African countries to join OPEC cuts. *OPEC sees much higher oil supply from rivals in 2017. NEW YORK, May 11- Oil prices rose more than 1 percent on Thursday, as large drawdowns in U.S. inventories and growing support for continued OPEC output cuts boosted confidence that a seemingly insurmountable glut might finally diminish.

  • BRUSSELS, May 11- The European Union has demanded urgent talks with the United States over a possible extension to some European countries of a U.S. ban on airline passengers taking laptops into cabins, saying any security threats faced are common. The Trump administration is likely to extend the ban already applicable to flights originating from 10 specific...

  • Trade Representative, a critical position ahead of renegotiations of the North American Free Trade Agreement with Canada and Mexico, passed a key procedural hurdle in the U.S. Senate on Thursday. The Senate voted to limit debate over the nomination of veteran trade lawyer Robert Lighthizer by a 81-15 vote. Lighthizer passed through the procedural vote easily...

  • WASHINGTON, May 11- President Donald Trump's nominee for U.S. Trade Representative, a critical position leading renegotiations of the North American Free Trade Agreement with Canada and Mexico, passed a key procedural hurdle in the U.S. Senate on Thursday. The Senate voted to limit debate over the nomination of veteran trade lawyer Robert Lighthizer.

  • LONDON/ DUBAI, May 11- Turkmenistan is likely to join an OPEC- led cut in oil supply aimed at supporting prices, sources in OPEC and the industry said, potentially enlarging the output reduction slightly. Oil prices have since gained support but global inventories remain high, pulling crude back towards $50 a barrel and putting pressure on OPEC to extend or...

  • OTTAWA, May 11- Canada's senior negotiator at talks to renew NAFTA will be the official who worked for years to push through a major free trade deal with Europe, two sources familiar with the matter said on Thursday. Steve Verheul faces another challenge as he deals with the United States, which is threatening to walk away from the three-nation North American Free...

  • BRUSSELS, May 11- The European Union has demanded urgent talks with the United States over a possible extension of a ban on passengers taking laptops into the cabins of commercial aircraft to include some European countries, saying any threats faced are common. The Trump administration is likely to extend the ban already applicable to flights originating...

  • *OPEC sees much higher oil supply from rivals in 2017. But a downbeat report from OPEC tempered early gains as the producer group said higher-than-expected production from its competitors would reduce demand for its crude this year. OPEC meets on May 25 to decide on production policy for the second half of 2017, and most analysts expect the group to extend cuts...

  • BRUSSELS, May 11- The European Union and China will hold a summit in Brussels on June 2, four EU officials said, the first since the election of U.S. China asked that the annual the summit, normally held in mid-July, be brought forward to press home President Xi Jinping's defence of open trade at the World Economic Forum in Davos in January, in response to Trump's...

  • ROME, May 11- German Finance Minister Wolfgang Schaeuble wants to increase in integration of euro zone countries by creating a parliament for the currency bloc. Macron's plans would require changes to European Union treaties, and Schaeuble said it was "unrealistic" they would get the necessary unanimous approval from all governments, some of whom would hold...

  • BRUSSELS, May 11- European steel body Eurofer said it expects the European Union to rule in favour of final duties on hot rolled steel from Brazil, Iran, Russia, Serbia and Ukraine, having decided in April not to apply provisional duties on the five countries. The European steel sector is slowly emerging from a crisis that saw prices plunge in 2015, but Eurofer says...

  • BRUSSELS, May 11- European steel body Eurofer said it expects the European Union to rule in favor of final duties on hot rolled steel from Brazil, Iran, Russia, Serbia and Ukraine, having decided in April not to apply provisional duties on the five countries. The European steel sector is slowly emerging from a crisis that saw prices plunge in 2015, but Eurofer says it...