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World Economy International Organizations

  • 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 "...

  • *U.S. inventory fall is result of OPEC- led production cuts- Kuwait. Benchmark Brent crude futures were down 15 cents at $52.57 a barrel at 1214 GMT, after surging more than 3 percent in the previous session. "Fresh uncertainty about inventories and OPEC compliance could be enough reason to sell some of the long positions."

  • LONDON, Aug 21- OPEC oil supply is set to fall by 419,000 barrels per day this month, a company that tracks OPEC shipments forecast on Monday, reflecting plans for lower exports by Saudi Arabia and reductions by other producers. Compliance with the deal has been high so far but OPEC production hit a 2017 peak in July, in part on increased output from Libya and Nigeria,...

  • LONDON, Aug 21- U.S. crude inventories are falling more than expected in a sign of the success of OPEC and non- OPEC production cuts, Kuwait's oil minister Essam al-Marzouq told CNBC Arabia on Monday. U.S. crude inventories have fallen for a seventh consecutive week in their largest drawdown in nearly a year, according to the government's Energy Information...

  • WASHINGTON, Aug 20- The United States, Canada and Mexico wrapped up their first round of talks on Sunday to revamp the NAFTA trade pact, vowing to keep up a blistering pace of negotiations that some involved in the process said may be too fast to bridge deep differences. The talks will move to Canada later in September, then return to the United States in October, with...

  • WASHINGTON, Aug 20- The United States, Canada and Mexico wrapped up their first round of talks on Sunday to revamp the NAFTA trade pact, vowing to keep up a blistering pace of negotiations that some involved in the process said may be too fast to bridge deep differences. The talks will move to Canada later in September, then return to the United States in October, with...

  • WASHINGTON, Aug 20- Trade negotiators from the United States, Canada and Mexico on Sunday wrapped up the first round of talks to revamp the NAFTA trade pact, amid signs that an ambitious schedule to conclude negotiations by early 2018 could slip in the coming months. The three nations, which have major differences on key issues, plan to meet every three weeks until...

  • WASHINGTON, Aug 20- Trade negotiators from the United States, Canada and Mexico on Sunday wrapped up the first round of talks to revamp the 23- year-old North American Free Trade Agreement, a U.S. official said.

  • MEXICO CITY, Aug 20- Trade negotiators from the United States, Canada and Mexico on Sunday wrapped up the first round of talks to revamp the 23- year-old North American Free Trade Agreement, a U.S. official said.

  • LONDON, Aug 20- Britain will not rule out the possibility that the European Union may retain oversight of customs controls at UK borders after it leaves the bloc, as the country seeks ways to keep unhindered access to EU markets following Brexit. British goods would be exported tariff-free and Britain would levy EU tariffs on goods coming into the UK for onward...

  • WASHINGTON, Aug 19- In the opening NAFTA session of talks, the United States did not give precise details of how much it wanted to boost North American content for autos, a source directly familiar with the negotiations said on Saturday. The United States had autos and auto parts trade deficits of $74 billion with Mexico and $5.6 billion with Canada last year, both...

  • WASHINGTON, Aug 19- In the opening NAFTA session of talks, the United States did not give precise details of how much it wanted to boost North American content for autos, a source directly familiar with the negotiations said on Saturday. The United States, Canada and Mexico on Wednesday opened talks in Washington to modernize the North American Free Trade...

  • WASHINGTON, Aug 19- In the opening NAFTA session of talks, the United States did not give precise details of how much it wanted to boost North American content for autos, a source directly familiar with the negotiations said on Saturday.

  • WASHINGTON, Aug 19- In the opening NAFTA session of talks, the United States did not raise its previously stated demands to boost North American content for autos, a source directly familiar with the negotiations said on Saturday. The United States, Canada and Mexico on Wednesday opened talks in Washington to modernize the North American Free Trade Agreement,...

  • WASHINGTON, Aug 19- In the opening NAFTA session of talks, the United States did not raise its previously stated demands to boost North American content for autos, a source directly familiar with the negotiations said on Saturday.

  • Yet it would be hard to find men less likely to make radical changes than John Melle of the United States, Steve Verheul of Canada and Kenneth Smith of Mexico, the three nations' chief negotiators. Delegates say they expect the talks to intensify when officials reconvene in Mexico in September. One option for Mexico and Canada would be to reject some U.S. proposals,...

  • 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...

  • WASHINGTON, Aug 18- U.S., Canadian and Mexican negotiators on Friday began digging into some of the thorniest issues in modernizing the North American Free Trade Agreement, including rules of origin for goods produced in the region, services trade and a controversial dispute settlement system. Trade Representative Robert Lighthizer emphasized at the...

  • Trade Representative Robert Lighthizer emphasized at the opening of the talks on Wednesday that the United States was seeking major increases to the regional content required for goods to pass tariff-free between the three countries, including a demand for "substantial U.S. content" in the automotive sector. Canada, Mexico and the U.S. auto industry are...

  • *Asia showing signs of stronger demand in H2 2017. Brent crude futures, the international benchmark for oil prices, were at $51.12 per barrel at 0711 GMT, up 9 cents from their last close but still set for a weekly drop of some 2 percent. The Organization of the Petroleum Exporting Countries, together with non- OPEC producers like Russia, has pledged to restrict output...