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World Economy International Organizations

  • GENEVA, April 26- The European Union's new rules against countries dumping cheap goods on its market got a rough ride at a World Trade Organization meeting, where China, Russia and Saudi Arabia led a chorus of disapproval, a trade official said on Thursday. The EU, which is in a major dispute with China about the fairness of Chinese pricing, introduced rules last...

  • BRUSSELS, April 26- The European Union has started monitoring imports of aluminum to determine whether U.S. tariffs have led to a surge in shipments of the metal into Europe, the EU official journal said on Thursday. The United States imposed import tariffs of 25 percent on steel and 10 percent on aluminum in March, although the European Union and six other...

  • BRUSSELS, April 26- The European Union has started monitoring imports of aluminium to determine whether U.S. tariffs have led to a surge in shipments of the metal into Europe, the EU official journal said on Thursday. The United States imposed import tariffs of 25 percent on steel and 10 percent on aluminium in March, although the European Union and six other...

  • PARIS— Better information-sharing between countries, law enforcement agencies, financial services companies and the tech industry will help combat financing for the Islamic State group and al-Qaida, a senior international official said Thursday. Daniel Lewis, executive secretary of the intergovernmental Financial Action Task Force said he is hoping...

  • SINGAPORE, April 26- Oil prices rose on Thursday, lifted by concerns over supply disruptions in Venezuela and the Middle East as well as by strong demand. Oil output in Venezuela, a member of the Organization of the Petroleum Exporting Countries, has fallen from almost 2.5 million barrels per day to just around 1.5 million bpd currently due to political and...

  • WASHINGTON, April 25- Canadian Foreign Minister Chrystia Freeland said on Wednesday that good progress has been made at the NAFTA trade talks on the key issue of auto rules, though the threat of proposed U.S. steel and aluminum tariffs coming into force next week clouded the mood. Trade Representative Robert Lighthizer and Mexican Economy Minister Ildefonso...

  • WASHINGTON, April 25- Canadian Foreign Minister Chrystia Freeland on Wednesday reiterated Canada's opposition to proposed U.S. steel and aluminum tariffs due to come into force next week, as pressure mounted to seal a quick deal on updating NAFTA. President Donald Trump unveiled the tariffs in March but suspended them for Canada and Mexico until May 1, citing...

  • HOUSTON, April 25- An international arbitration court has ordered Venezuela's state-run oil company PDVSA to pay ConocoPhillips $2.04 billion for early dissolution of two joint ventures for producing oil in the OPEC- member country, the U.S. firm said on Wednesday. Conoco's assets in Venezuela were expropriated in 2007 following a nationalization of the...

  • WASHINGTON, April 25- Canadian Foreign Minister Chrystia Freeland on Wednesday reiterated Canada's opposition to proposed U.S. steel and aluminum tariffs due to come into force next week, as pressure mounts to seal a quick deal on updating NAFTA. President Donald Trump unveiled the tariffs in March but suspended them for Canada and Mexico until May 1, citing...

  • WASHINGTON, April 25- Canadian Foreign Minister Chrystia Freeland on Wednesday reiterated Canada's opposition to proposed U.S. steel tariffs due to come into force next week, as pressure mounts to seal a quick deal on updating NAFTA.

  • HOUSTON, April 25- An international arbitration court has ordered Venezuela's state-run oil company PDVSA to pay ConocoPhillips $2.04 billion for early dissolution of two joint ventures for producing oil in the OPEC- member country, the U.S. firm said on Wednesday. The firm left the OPEC- member nation after it could not negotiate a deal to convert its projects...

  • NEW YORK, April 25- After losing ground and underperforming the broad market in 2017, U.S. energy shares are climbing fast with oil prices and gaining attention from investors who think the trend may hold. Oil prices are near their highest since late 2014 thanks to strong demand and supply cuts by the Organization of the Petroleum Exporting Countries and other...

  • April 25- U.S. oil major Chevron Corp has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with state-owned oil company PDVSA, according to four sources familiar with the matter. Chevron asked other employees to avoid the facilities of its joint venture with the OPEC nation's oil firm, the sources said.

  • Brent forward prices above $70/ bbl until end of 2018. *OPEC- led cuts, political risk, strong demand have lifted oil. Brent crude futures were down 26 cents at $73.60 by 1345 GMT, some 2 percent below the November 2014 high of $75.47 reached on Tuesday.

  • *Brent forward prices are above $70/ bbl until end of 2018. *OPEC- led cuts, political risk, strong demand have lifted oil. Brent crude oil futures were down 14 cents at $73.72 a barrel at 1128 GMT, some 2 percent below the November 2014 high of $75.47 reached on Tuesday.

  • BRUSSELS, April 25- The European Union could offer Britain a closer relationship after Brexit if Prime Minister Theresa May decides to stay in the bloc's customs union, diplomats said. The impasse is largely because Brussels and London have so far outlined conflicting stances on their new deal after Brexit. Britain says it will be dropping out of the EU's single...

  • *Brent forward prices are above $70/ bbl until end of 2018. *OPEC- led cuts, political risk, strong demand have lifted oil. Brent crude oil futures were last up 12 cents at $73.98 a barrel at 0937 GMT, some 2 percent below the November-2014 high of $75.47 reached on Tuesday.

  • *Brent forward prices are above $70/ bbl until end of 2018. Brent crude oil futures were at $73.89 per barrel at 0455 GMT, up 3 cents from their last close but around $1.60 below the November-2014 high of $75.47 a barrel reached the previous day. That has been driven by production cuts led by the Organization of the Petroleum Exporting Countries which were...

  • *Brent forward prices are above $70/ bbl until end of 2018. Brent crude oil futures were at $73.74 per barrel at 0238 GMT, down 12 cents from their last close and over $1.7 below the November-2014 high of $75.47 a barrel reached the previous day. That has been driven by production cuts led by the Organization of the Petroleum Exporting Countries which were...

  • *Brent forward prices are above $70/ bbl until end of 2018. Brent crude oil futures were at 73.78 per barrel at 0156 GMT, 8 cents below their last close and almost $1.7 below the November-2014 high of $75.47 a barrel reached the previous day. That has been driven by production cuts led by the Organization of the Petroleum Exporting Countries which were introduced in...