World Economy International Organizations

  • LONDON, July 11- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. TODAY EU vote hits households and business morale, London hurt most, various surveys show. Brexit vote was advisory so UK parliament must decide, lawyers tell prime minister.

  • LONDON, July 11- British finance minister George Osborne will meet some of Wall Street's biggest investors in New York on Monday to urge them to stick with Britain despite last month's vote to leave the European Union, his office said. "As I will tell Wall Street, we want more finance in London, not less," Osborne wrote, adding Britain and the United States were the...

  • LONDON, July 11- British finance minister George Osborne will meet some of Wall Street's biggest investors in New York on Monday to urge them to stick with Britain despite last month's vote to leave the European Union, his office said. The vote for Brexit has pushed the pound to 31- year lows against the dollar and left many investors warning that Britain, until...

  • US President Barack Obama

    President Barack Obama urged Americans not to see the country as being riven into opposing groups, after a week of boiling tensions.

  • SHANGHAI, July 9- The global economic situation is grim and major economies must lead the way in tackling problems including sluggish growth and weak trade, China's trade minister Gao Hucheng said on Saturday. Gao made the remarks at the start of a two-day meeting of trade ministers from G20 economies in Shanghai, as uncertainty hangs over the outlook for a...

  • SHANGHAI, July 9- The global economic situation is grim and major economies must lead the way in tackling problems including sluggish growth and weak trade, China's trade minister Gao Hucheng said on Saturday. Gao made the remarks at the start of a two-day meeting of trade ministers from G20 economies in Shanghai, as uncertainty hangs over the outlook for a...

  • UK PM CANDIDATE MAY SAYS PART OF COMING OUT OF THE EUROPEAN UNION WILL BE CONTROL OF FREE MOVEMENT OF PEOPLE.

  • *Move to reassure eastern NATO members bordering on Russia. *In Brexit's shadow, NATO summit is Obama's last Europe trip. WARSAW, July 8- NATO leaders agreed on Friday to deploy military forces to the Baltic states and eastern Poland for the first time and increase air and sea patrols to reassure allies who were once part of the Soviet bloc following Russia's...

  • WASHINGTON, July 8- The International Monetary Fund on Friday cut its euro zone growth outlook for the next two years over uncertainties sparked by Britain's vote to leave the European Union, and warned that the conditions could worsen if confusion continues to reign in financial markets. But IMF European Department Deputy Director Mahmood Pradhan said that...

  • LONDON, July 8- Goldman Sachs has hired former European Commission President Jose Manuel Barroso to be an advisor and non-executive chairman of its international business, the U.S. bank said on Friday, as it grapples with the fallout from Britain's exit from the European Union. Goldman Sachs International, which Barroso will chair, is headquartered in London...

  • *Move to reassure eastern NATO members bordering on Russia. *In Brexit's shadow, NATO summit is Obama's last Europe trip. WARSAW, July 8- NATO leaders agreed on Friday to deploy military forces to the Baltic states and eastern Poland for the first time and increase air and sea patrols to reassure allies who were once part of the Soviet bloc following Russia's...

  • LONDON, July 8- Voters in Germany, France, Sweden and Finland think Britain should not be given a generous deal when it tries to renegotiate its ties with the European Union, an opinion poll published on Friday showed. Germans and the French were most opposed to helping Britain out: 53 percent of respondents in both countries said it should not expect any favours...

  • LONDON, July 8- Britain has nominated its ambassador to France, Julian King, to fill its vacant seat on the European Commission, replacing Jonathan Hill who resigned after Britons voted to leave the European Union. While British Prime Minister David Cameron has been keen to replace Hill, EU sources have said the bloc's lawmakers could block any appointment as...

  • YENAGOA, Nigeria, July 8- Militants launched a fresh round of attacks on oil pipelines in Nigeria's southern Niger Delta energy hub belonging to Italy's Eni and Aiteo, Nigerian security forces, Eni and a militant group said. The attacks are the latest in a spate targeting oil and gas facilities in the OPEC member's Niger Delta region over the last few months which...

  • GENEVA, July 8- The United States is seeking trade sanctions against India after winning a dispute at the World Trade Organization regarding Indian restrictions on imports of U.S. poultry meat, eggs and live pigs, the WTO said on Friday. The United States has requested a WTO meeting on July 19 to launch the claim for compensation, according to an agenda circulated...

  • LONDON, July 8- Goldman Sachs has hired former head of the European Commission Jose Manuel Barroso to be an advisor and non-executive chairman of its international business, as the U.S. bank grapples with the fallout from Britain's exit from the European Union. Barroso served as president of the European Commission, the EU's executive arm, from 2004 to 2014 and...

  • *In Brexit's shadow, NATO summit is Obama's last Europe trip. President Barack Obama urged NATO leaders on Friday to stand firm against a resurgent Russia over its seizure of Crimea from Ukraine and said Britain's vote to leave the European Union should not weaken the Western defence alliance. The 28- member NATO alliance will formally agree to deploy four...

  • GENEVA, July 8- The United States is seeking trade sanctions against India after winning a dispute at the World Trade Organization regarding Indian restrictions on imports of U.S. poultry and eggs, the WTO said on Friday. The United States has requested a WTO meeting on July 19 to launch the claim for compensation. In June last year the WTO ruled that India had...

  • SHANGHAI, July 8- Global trade is likely to remain sluggish going into the third quarter and vigilance is needed against any measures that limit trade and to counter "very damaging" anti-trade rhetoric, the head of the World Trade Organization said on Friday. "It is time for vigilance against measures that hamper and restrict trade and very damaging anti-trade...

  • BRUSSELS, July 8- Britain's ruling Conservative party has determined that either Theresa May or Andrea Leadsom will succeed David Cameron as prime minister on Sept. 9 and so negotiate British withdrawal from the European Union. EU leaders insist they will not allow any negotiation before Cameron's successor formally notifies them Britain is leaving under...