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World Economy Economic Organizations

  • MEXICO CITY, Aug 29- Mexico sees a serious risk the United States will withdraw from NAFTA and is preparing a plan for that eventuality, Economy Minister Ildefonso Guajardo said on Tuesday, calling talks to renegotiate the deal a "roller coaster." Trump has vowed to get a better deal for American workers, and the lively rhetoric on both sides precedes a second round...

  • MEXICO CITY, Aug 29- There is a serious risk that the United States could withdraw from the North American Free Trade Agreement, and Mexico must have a "plan B" for that eventuality, Economy Minister Ildefonso Guajardo was quoted as saying on Tuesday. President Donald Trump on Monday renewed his long-standing threat to abandon NAFTA, saying he believed the United...

  • BANGKOK, Aug 24- Localized labor shortages, notably in Japan and the United States, are finally bringing the promise of higher inflation but only stronger growth will really drive it higher, OECD Secretary General Angel Gurria said on Thursday. The Paris- based Organisation for Economic Cooperation and Development had said in June the global economy was on...

  • BANGKOK, Aug 24- Localised labour shortages, notably in Japan and the United States, are finally bringing the promise of higher inflation but only stronger growth will really drive it higher, OECD Secretary General Angel Gurria said on Thursday. The Paris- based Organisation for Economic Cooperation and Development had said in June the global economy was on...

  • BANGKOK, Aug 24- Localised labour shortages, notably in Japan and the United States, are finally bringing the promise of higher inflation but only stronger growth will really drive it higher, OECD Secretary General Angel Gurria said on Thursday. The Paris- based Organisation for Economic Cooperation and Development had said in June the global economy was on...

  • BANGKOK, Aug 24- Localized labor shortages, notably in Japan and the United States, are finally bringing the promise of higher inflation but only stronger growth will really drive it higher, OECD Secretary General Angel Gurria said on Thursday. The Paris- based Organisation for Economic Cooperation and Development had said in June the global economy was on...

  • GENEVA, Aug 21- The United States has requested a World Trade Organization panel be set up to investigate Chinese tariff-rate quotas for agricultural products, the WTO said on Monday, setting up a showdown between the two largest economies. The United States said that China had failed to administer its tariff rate quotas on a "transparent", predictable ", or" fair "...

  • WASHINGTON, Aug 18- The departure on Friday of Steve Bannon, the White House's top economic nationalist, will likely tip the trade policy scales in favor of the Trump administration's "globalist" faction, which could soften the stance toward two of Trump's favorite targets: China and the North American Free Trade Agreement. Bannon and White House Trade and...

  • BEIJING, Aug 15- China's short-term growth outlook has strengthened but there is growing risk of a sharp medium-term adjustment due to reliance on stimulus to meet targets and a credit-expansion path that may be "dangerous", the International Monetary Fund said on Tuesday. The IMF raised its forecast for China's average annual growth from 2018-2020 to 6.4...

  • BEIJING, Aug 15- The International Monetary Fund on Tuesday urged China to set more ambitious targets for its coal and steel industries to cut excess production capacity and bring more efficient plant on line as Beijing bids to steps up economic reforms. China, the world's top steel and coal producer, has vowed to launch a campaign to cut excess capacity in...

  • DOWNWARD PRESSURE ON YUAN HAS EASED ON STRONG ECONOMIC GROWTH, CAPITAL CONTROLS- IMF.

  • *Canadian dollar at C $1.2726, or 78.58 U.S. cents. TORONTO, Aug 14- The Canadian dollar softened on Monday against a stronger greenback as the U.S. dollar's rebound and demand worries from China pressured crude prices. bearish bets against the greenback following last week's escalation of tensions between the United States and North Korea as well as...

  • MEXICO CITY, Aug 10- Mexico could pull back on cooperation in migration and security matters if the United States walks away from talks to renegotiate the North American Free Trade Agreement, the Mexican economy minister said in a newspaper report published on Thursday. Ildefonso Guajardo, who will take part in the first round of NAFTA talks with U.S. and...

  • CAIRO, Aug 10- Egypt's key inflation rates soared to multi-decade highs on Thursday on the back of energy subsidy cuts agreed with the International Monetary Fund as a condition of its $12 billion three-year loan. Import-dependent Egypt has been hit by soaring inflation since it floated its currency in November, and since then the pound has roughly halved in...

  • LONDON, Aug 9- Unemployment in Nigeria, sub-Saharan Africa's largest economy, is running at more than 14 percent and climbing; in South Africa, the second largest economy, it is over 27 percent. For youth in both places, it is far more. This may seem bad enough, but according to International Monetary Fund calculations the sub-Saharan Africa region's jobs travails...

  • MEXICO CITY, Aug 8- Mexico will not close its wage gap with the United States without free movement of workers, Mexico's economy minister Ildefonso Guajardo said in an interview days before the start of a renegotiation of the North American Free Trade Agreement. Low wages in Mexico have made the country attractive to U.S. manufacturers under the 1994 trade deal, a...

  • MEXICO CITY, Aug 8- Mexico's economy minister sees a 60 percent probability that talks starting next week to renegotiate the North American Free Trade Agreement will be wrapped up by a soft deadline for the end of the year, he said in an interview on Tuesday. Ildefonso Guajardo, who will take part in the first round of NAFTA talks in Washington starting on Aug. 16, said...

  • MEXICO CITY, Aug 8- Mexico's Economy Minister Ildefonso Guajardo sees a 60 percent probability that talks starting next week to re-negotiate the North American Free Trade Agreement will be wrapped up by the end of the year, he said in an interview on Tuesday. The minister, who will take part in the first round of NAFTA talks in Washington starting on Aug. 16, said it...

  • *Rising output from OPEC, U.S. holding back prices. SEOUL, Aug 7- Oil prices edged lower on Monday but still held near nine-week highs, supported by robust U.S. jobs data last week and a slight fall in the U.S. drill rig count, even as rising output from OPEC capped crude markets. Global benchmark Brent crude futures were down 6 cents, or 0.11 percent, at $52.36 a barrel at...

  • *Rising output from OPEC, U.S. holding back prices. SEOUL, Aug 7- Oil prices edged lower on Monday but still held near nine-week highs, supported by robust U.S. jobs data last week and a slight fall in the U.S. drill rig count, even as rising output from OPEC capped crude markets. Global benchmark Brent crude futures were down 6 cents, or 0.11 percent, at $52.36 a barrel at...