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World Economy International Organizations

  • *OPEC production remains stronger despite promised cuts. LONDON, Aug 15- Oil prices slipped on Tuesday, extending a heavy sell-off after a surge in the dollar and weighed down by signs of weaker demand in China, the world's second-largest consumer. Ample supply from big oil exporters, including members of the Organization of the Petroleum Exporting Countries...

  • *OPEC production remains stronger despite promised cuts. LONDON, Aug 15- Oil prices steadied on Tuesday after a heavy sell-off following a surge in the dollar, and weighed down by signs of weaker demand in China, the world's second-largest consumer. Ample supply from big oil exporters, including members of the Organization of the Petroleum Exporting Countries...

  • LONDON, Aug 15- Britain has said it wants an interim customs agreement with the European Union after Brexit to allow the freest possible trade of goods, but that it will also seek the right to negotiate other trade deals-- a possible sticking point in the talks. According to excerpts of a government document to be published on Tuesday setting out Britain's strategy,...

  • *OPEC production remains stronger despite promised cuts. LONDON, Aug 15- Oil prices steadied on Tuesday after a heavy sell-off following a surge in the dollar, and weighed down by signs of weaker demand in China, the world's second-largest consumer. Ample supply from big oil exporters, including members of the Organization of the Petroleum Exporting Countries...

  • Aug 15- Governments across Europe are considering or implementing tighter rules on takeovers by overseas buyers as they try to prevent prized assets from falling into foreign hands. European Union leaders in June agreed to consider screening investments by state-owned Chinese firms, and France, Germany and Italy have backed the idea of allowing the EU to...

  • *China, Russia to get priority for Venezuelan oil if U.S. sanctions hit. SINGAPORE/ HOUSTON, Aug 15- Asia would be the biggest beneficiary of any potential sanctions by the United States on Venezuela's oil sector, said traders and analysts, as exports from the South American OPEC member could be redirected to the region, filling a vacuum left by producer supply cuts.

  • LONDON, Aug 14- Britain will propose setting up an interim customs agreement with the European Union after Brexit to allow the freest possible trade of goods. According to excerpts of a government document to be published on Tuesday setting out Britain's strategy, the government will say one option to minimise friction when it leaves the bloc in March 2019...

  • *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...

  • OTTAWA, Aug 14- Canada laid down a tough line ahead of talks on modernizing NAFTA on Monday, suggesting it could walk away if the United States pushed to remove a key dispute-settlement mechanism in the trade deal. North American Free Trade Agreement members Canada, Mexico and the United States hold their first session in Washington on Wednesday.

  • OTTAWA, Aug 14- Canada laid down a tough line ahead of talks on modernizing NAFTA on Monday, suggesting it could walk away if the United States pushed to remove a key dispute-settlement mechanism in the trade deal. North American Free Trade Agreement members Canada, Mexico and the United States hold their first session in Washington on Wednesday.

  • WASHINGTON, Aug 14- The Trump administration has set a collision course with the auto industry as it launches renegotiation of the 23- year-old NAFTA trade pact this week, aiming to shrink a growing trade deficit with Mexico and tighten the rules of origin for cars and parts. President Donald Trump's anger over the North American Free Trade Agreement, which he...

  • OTTAWA, Aug 14- Canada laid down a tough line ahead of talks on modernizing NAFTA on Monday, suggesting it could walk away if the United States pushed to remove a key dispute-settlement mechanism in the trade deal. NAFTA members Canada, Mexico and the United States hold their first session in Washington on Wednesday. Trade among Canada, Mexico and the United States...

  • *Canadian dollar at C $1.2704, or 78.72 U.S. cents. TORONTO, Aug 14- The Canadian dollar weakened on Monday against its U.S. counterpart as oil prices fell and the greenback posted broader gains, while investors awaited the start of renegotiations of the NAFTA trade pact this week. Prices of oil, one of Canada's major exports, fell as a slowdown in Chinese refining...

  • LONDON, Aug 14- One of the most vocal pro-Brexit campaign groups launched a campaign on Monday to oust finance minister Philip Hammond from parliament, saying he is part of a plot to stop Britain leaving the European Union. Divisions over Britain's Brexit strategy have resurfaced after Prime Minister Theresa May lost her parliamentary majority in an...

  • OTTAWA, Aug 14- The Canadian government's goals for talks on modernizing NAFTA include preserving the pact's dispute-settlement mechanism, Foreign Minister Chrystia Freeland said on Monday, setting up a potential clash with the United States. Talks between Canada, Mexico and the United States start on Wednesday. Noting that Canada had withdrawn its chief...

  • OTTAWA, Aug 14- The Canadian government's goals for modernizing NAFTA include preserving the pact's dispute settlement mechanism, Foreign Minister Chrystia Freeland said on Monday, setting up a potential clash with the United States. Talks on updating the trade pact between Canada, Mexico and the United States start on Wednesday. Freeland, speaking at the...

  • WASHINGTON, Aug 14- The Trump administration has set a collision course with the auto industry as it launches renegotiations of the 23- year-old NAFTA trade pact this week, aiming to shrink a growing trade deficit with Mexico and tighten the rules of origin for cars and parts. The United States had a $74 billion trade deficit with Mexico in autos and auto parts...

  • WASHINGTON, Aug 14- The Trump administration has set a collision course with the auto industry as it launches renegotiations of the 23- year-old NAFTA trade pact this week, aiming to shrink a growing trade deficit with Mexico and tighten the rules of origin for cars and parts. The United States had a $74 billion trade deficit with Mexico in autos and auto parts...

  • *EU, African Union urge the opposition to respect results. NAIROBI, Aug 13- Kenyan opposition leader Raila Odinga called on Sunday for a strike to support his claim to the presidency and accused the ruling party of "spilling the blood of innocent people" as he brushed off growing pressure to concede election defeat. But Odinga's NASA coalition says the whole vote...

  • *EU and African Union urge opposition to respect results. NAIROBI, Aug 13- Kenyan opposition leader Raila Odinga on Sunday called for a strike to support his claim to the presidency and accused the ruling party of "spilling the blood of innocent people", despite growing pressure on him to concede election defeat. The election commission on Friday declared...