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World Economy International Organizations

  • 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 Noting that Canada had withdrawn its chief...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...

  • OTTAWA, Aug 11- An effective dispute settlement mechanism is essential in any trade agreement, Canada's foreign affairs minister said on Friday, less than a week before the first round of negotiations on the North American trade pact. Canada's desire to include a dispute settlement mechanism in a renegotiated North American Free Trade Agreement has put the...

  • *IEA sees strong demand but weakened OPEC compliance with cuts. NEW YORK, Aug 11- Oil prices fell slightly on Friday after the International Energy Agency said weak OPEC compliance with production cuts was prolonging a rebalancing of the market despite strong demand growth. Brent crude was down 11 cents at $51.79 a barrel at 11:53 a.m. EDT, having earlier fallen...

  • *IEA sees strong demand but weakened OPEC compliance with cuts. LONDON, Aug 11- Oil prices fell on Friday after the International Energy Agency said weak OPEC compliance with production cuts was prolonging a rebalancing of the market despite strong demand growth. Brent crude, the global benchmark, was at $51.83 a barrel at 1220 GMT, down 7 cents, having earlier...

  • *Weaker OPEC compliance with cuts, Libya output buoy supply. LONDON, Aug 11- World oil demand will grow more than expected this year, helping to ease a global glut despite rising production from North America and weak OPEC compliance with output cuts, the International Energy Agency said on Friday. The Organization of the Petroleum Exporting Countries is curbing...

  • *IEA sees strong demand but weakened OPEC compliance with cuts. LONDON, Aug 11- Oil prices fell by one percent on Friday to their lowest in more than a week after the International Energy Agency said market rebalancing was taking time despite strong demand growth because of weak OPEC compliance with output cuts. Brent crude, the global benchmark, was at $51.42 a...

  • *Weaker OPEC compliance with cuts, Libya output buoy supply. LONDON, Aug 11- World oil demand will grow more than expected this year, helping to ease a global glut despite rising production from North America and weak OPEC compliance with output cuts, the International Energy Agency said on Friday. The Organization of the Petroleum Exporting Countries is curbing...

  • LONDON, Aug 11- Global oil demand will grow more quickly than expected this year, helping to ease a glut despite rising crude production from North America and weak OPEC compliance with output cuts, the International Energy Agency said on Friday. The Organization of the Petroleum Exporting Countries is curbing output by about 1.2 million bpd, while Russia and...

  • Brent crude, the global benchmark, was up 1 cent at $51.91 per barrel by 0044 GMT. OPEC said its oil output rose by 173,000 barrels-per-day in July to 32.87 million bpd. Faced with lingering global glut woes, OPEC and some non- OPEC members including Russia in May extended oil production cuts to reduce 1.8 million bpd.

  • Brent crude, the global benchmark, was up 1 cent at $51.91 per barrel by 0044 GMT. OPEC said its oil output rose by 173,000 barrels-per-day in July to 32.87 million bpd. Faced with lingering global glut woes, OPEC and some non- OPEC members including Russia in May extended oil production cuts to reduce 1.8 million bpd.

  • Aug 10- Mexico's Grupo Financiero Banorte hopes the terms of the North American Free Trade Agreement will be rewritten to benefit the country and its banking sector, its president Carlos Hank Gonzalez said on Thursday. Canada, the United States and Mexico will start renegotiating the terms of the trade agreement that has shaped business between the three...

  • *OPEC said output rose by 173,000 bpd in July. NEW YORK, Aug 10- Oil prices fell more than 1.5 percent on Thursday, as a bruising day on Wall Street bolstered fears of slowing demand amid lingering concerns over a global oversupply of crude. The falling U.S. stock market translated to weakness in the oil market, said Phil Flynn, analyst at Price Futures Group in Chicago.

  • *OPEC upbeat on outlook for 2018 demand. NEW YORK, Aug 10- Oil prices fell on Thursday, on concerns of lingering global oversupply as Russia considered a future output resumption and OPEC boosted its July production numbers. Russian oil producer Gazprom Neft considers it "economically feasible" to resume production in mature fields after a global agreement...

  • 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...