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World Economy International Organizations

  • OTTAWA, July 18- Canada believes it is critical for NAFTA to have a dispute resolution mechanism, a senior official said on Tuesday, setting up a potential clash with Washington when talks to renegotiate the pact begin. We think it's critical to have some kind of a dispute resolution mechanism incorporated- it was in 1994 and it continues to be, "said David...

  • OTTAWA, July 18- Canada believes it is critical for NAFTA to have a dispute resolution mechanism, a senior official said on Tuesday, setting up a potential clash with Washington when talks to renegotiate the pact begin. We think it's critical to have some kind of a dispute resolution mechanism incorporated- it was in 1994 and it continues to be, "said David...

  • OTTAWA, July 18- Canada believes it is critical for NAFTA to have a dispute resolution mechanism, a senior official said on Tuesday, setting up a potential clash with Washington when talks to renegotiate the pact begin. We think it's critical to have some kind of a dispute resolution mechanism incorporated- it was in 1994 and it continues to be, "said David...

  • OTTAWA, July 18- Canada believes it is critical for NAFTA to have a dispute resolution mechanism, a senior official said on Tuesday, setting up a potential clash with Washington when talks to renegotiate the pact begin. We think it's critical to have some kind of a dispute resolution mechanism incorporated- it was in 1994 and it continues to be, "said David...

  • *Ecuador non-compliance with cuts could complicate OPEC deal. NEW YORK, July 18- Oil prices rose slightly on Tuesday as solid demand soaked up some of what is seen as an oversupplied market, but Ecuador's decision to opt out of a supply reduction complicated the outlook for an OPEC- led cut agreement. Although many OPEC countries have restricted production, others...

  • DUBAI/ LONDON, July 18- OPEC's board of governors chose Saudi Arabia's candidate to be the group's new head of research in an appointment that went smoothly, two OPEC sources said on Tuesday, a sign political tension between Gulf members is not affecting decision-making. OPEC's talks about the post come as a dispute between Qatar and two of its Gulf Arab...

  • LONDON, July 18- The European Union is planning to impose duties of up to 33 percent on hot-rolled steel imports from Brazil, Iran, Russia and Ukraine to counter what it sees as unfairly low prices, according to a document seen by Reuters. The European Commission, which oversees EU trade policy, launched an investigation into hot-rolled steel from Brazil, Iran,...

  • GENEVA, July 18- China notified the World Trade Organization on Tuesday that it would stop accepting shipments of rubbish such as waste plastic and paper as part of a campaign against "foreign garbage". This polluted China's environment seriously, " China's WTO filing said. "To protect China's environmental interests and people's health, we urgently adjust the...

  • MEXICO CITY, July 18- Mexico's economy minister on Tuesday expressed concern that the United States was insisting on reducing trade deficits in objectives it set out for the renegotiation of the NAFTA trade deal, a document he nevertheless said contained "no surprises." Speaking on Mexican television, Economy Minister Ildefonso Guajardo also raised...

  • GENEVA, July 18- China notified the World Trade Organization on Tuesday that by the end of this year it will ban imports of 24 types of rubbish, as part of a campaign against "foreign garbage" and environmental pollution.

  • CHINA NOTIFIES WORLD TRADE ORGANIZATION THAT BY END OF 2017 IT WILL BAN IMPORTS OF 24 KINDS OF SOLID WASTE, INCLUDING UNSORTED WASTE PAPER, WASTE PLASTICS, WASTE TEXTILE MATERIALS.

  • *OPEC- shale "tug of war" keeping market range-bound. LONDON, July 18- Oil prices rose on Tuesday as demand soaked up some of the surplus supplies from OPEC and the United States, but traders said the market remained in a tight range and showed few signs of big short-term moves. A deal by the Organization of the Petroleum Exporting Countries with Russia and other non-...

  • *Canadian dollar at C $1.2611, or 79.30 U.S. cents. *Loonie touches its strongest since May 2016 at C $1.2581. Prices of oil, one of Canada's major exports, rose as demand soaked up some of the surplus supplies from Organization of the Petroleum Exporting Countries and the United States.

  • *OPEC- shale "tug of war" keeps market fairly range-bound. LONDON, July 18- Oil rose on Tuesday as demand soaked up some of the surplus supplies from OPEC and the United States, but traders said the market was trading in a tight range and showed few signs of big short term moves. A deal by the Organization of the Petroleum Exporting Countries with Russia and other non- OPEC...

  • BRUSSELS, July 18- The European Union is considering the introduction of new labels to classify green financial products in an attempt to boost investment in the sector as it seeks to take the global lead in the fight against climate change. The European Commission estimates that Europe will need 180 billion euros in additional investment every year in the...

  • KUWAIT OIL MINISTER TELLS REUTERS "TOO EARLY" TO DEEPEN OPEC-LED PACT ON OIL CURBS, OR CAP NIGERIA, LIBYA OUTPUT.

  • KUWAIT MINISTER SAYS OPEC OIL OUTPUT WITHIN 32.5 MLN BPD PACT TARGET, EVEN WITH EXTRA NIGERIA, LIBYA OUTPUT.

  • KUWAIT MINISTER SAYS SEES NO NEED FOR EXTRAORDINARY OPEC MEETING BEFORE NOVEMBER TALKS.

  • QUITO, July 17- OPEC member Ecuador will no longer comply with an agreed OPEC production cut due to the country's financial difficulties and plans to gradually raise its oil output, the government said on Monday. A Reuters monthly survey of OPEC output shows Ecuador's compliance with the terms of the deal has never been above 69 percent since the agreement came...

  • *OPEC- shale "tug of war" keeping market range-bound. *Rising oil production in Libya, Nigeria, United States. LONDON, July 18- Oil markets steadied on Tuesday, supported by firm demand but weighed down by high supplies from OPEC and producers in the United States.