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World Economy International Organizations

  • WASHINGTON, Aug 16- The United States drew a hard line for renegotiating the North American Free Trade Agreement on Wednesday, demanding major concessions aimed at slashing U.S. trade deficits with Mexico and Canada and boosting U.S. content for autos. Lighthizer put Mexico and Canada on notice that the United States would use its clout as their biggest export...

  • WASHINGTON, Aug 16- The United States on Wednesday laid down a tough line for modernizing the North American Free Trade Agreement, demanding major changes to the pact that would reduce U.S. trade deficits with Mexico and Canada and increase U.S. content for autos. President Donald Trump's top trade adviser, Robert Lighthizer, said Trump was not interested in "a...

  • LONDON/ DUBLIN, Aug 16- Britain said on Wednesday there should be no border posts or immigration checks between Ireland and the British province of Northern Ireland after Brexit, in a paper that attempts to resolve one of the most complex aspects of its departure from the European Union. It also rejected the idea of an effective customs border in the Irish Sea that...

  • WASHINGTON, Aug 16- The United States on Wednesday laid down a tough line for modernizing the North American Free Trade Agreement, demanding major changes to the pact that would reduce U.S. trade deficits with Mexico and Canada and increase U.S. content for autos. Lighthizer said repeated U.S. demands for increased regional and U.S. content in autos produced in...

  • TORONTO, Aug 16- Canada's main stock index rose on Wednesday as the heavily weighted bank stocks led broad gains and firmer commodity prices bumped resource issues higher. In Canada, talks with the United States and Mexico on modernizing the North American Free Trade Agreement commenced. Canada's top banks saw moderate gains under 1 percent, but were the...

  • WASHINGTON— The United States won't settle for cosmetic changes to the North American Free Trade Agreement, the top U.S. trade negotiator said, as negotiations to rework terms of the pact began. NAFTA did away with most barriers, including tariffs, on trade between the U.S., Canada and Mexico. The U.S. trade representative said he wanted to change the pact to require...

  • President Donald Trump's top trade official laid down a hard negotiating line for revamping the North American Free Trade Agreement on Wednesday, saying that major changes were needed to slash U.S. trade deficits and boost U.S. content in autos. Trade Representative Robert Lighthizer said NAFTA had "failed many, many Americans" and Trump was not interested in...

  • *Canadian dollar at C $1.2722, or 78.60 U.S. cents. Prices of oil, one of Canada's major exports, were lifted restrained by excess supply. The United States, Canada and Mexico are due to kick off NAFTA talks later in the day.

  • *Iraq says it's complying with OPEC- led cuts. DUBAI/ LONDON, Aug 16- Oil exports from Iraq's southern terminals have fallen so far this month, suggesting the country is trying to step up compliance with OPEC output cuts, but it has a long way to go to match its peers in the producer group. If sustained, this would mean exports are down for a second month, giving weight to...

  • DUBAI, Aug 16- OPEC member Iraq has formed a joint venture with a shipping company owned by Arab states to transfer, store and trade crude and oil products, according to official documents and industry sources. AISSOT is owned by state firm Iraqi Oil Tankers Co and Arab Maritime Petroleum Transport Co, a pan-Arab company in which Arab oil producers such as Saudi...

  • LONDON, Aug 16- The rebalancing of the oil market desired by the leading producers has been a stubborn process, the International Energy Agency wrote in its latest monthly oil market report. Front-month WTI futures are currently trading at $47.87 per barrel which is almost unchanged from $46.58 on Aug. 16, 2016. For all the meetings of OPEC and non- OPEC ministers,...

  • BERLIN— Germany on Wednesday rejected a claim by budget airline Ryanair that a government loan for rival Air Berlin as part of its bankruptcy proceedings amounted to a "conspiracy" to keep the airline afloat until a new owner is found. The Irish airline lodged a complaint with European Union competition authorities after Air Berlin filed for bankruptcy...

  • LONDON— There must be no border posts between the U.K. and Ireland after Brexit, and European Union citizens will be able to enter Britain through EU member state Ireland without immigration checks, the British government said Wednesday. Britain has vowed to end the free movement of people from the bloc after it leaves the EU in 2019, removing the automatic right...

  • DUBLIN, Aug 16- Britain will consider replacing some European Union funding for peace projects in Northern Ireland after it leaves the bloc in 2019, Prime Minister Theresa May said on Wednesday. The European Union has provided billions of euros of aid for the province since a 1998 peace deal ended three decades of violence between Irish nationalists and...

  • TOKYO, Aug 16- Japan's Nikkei share average was nearly flat on Wednesday with the previous day's rally running out of steam as the yen's weakening slowed, while Japan Airlines bucked the trend helped by a brokerage's bullish view. Japanese stocks have seen volatile trade recently, first spooked by growing tensions between the United States and North Korea,...

  • Aug 16- Negotiators from Canada, Mexico and the United States will kick off an ambitious first round of trade talks on Wednesday as the countries try to fast-track a deal to modernize the North American Free Trade Agreement by early next year. The United States wants to increase the content threshold for NAFTA goods in a bid to return manufacturing jobs to the...

  • Aug 16- Negotiators from Canada, Mexico and the United States will kick off an ambitious first round of trade talks on Wednesday as the countries try to fast-track a deal to modernize the North American Free Trade Agreement by early next year. The United States wants to increase the content threshold for NAFTA goods in a bid to return manufacturing jobs to the...

  • Aug 16- Negotiators from Canada, Mexico and the United States will kick off an ambitious first round of trade talks on Wednesday as the countries try to fast-track a deal to modernize the North American Free Trade Agreement by early next year. The United States wants to increase the content threshold for NAFTA goods in a bid to return manufacturing jobs to the...

  • Aug 16- Negotiators from Canada, Mexico and the United States will kick off an ambitious first round of trade talks on Wednesday as the countries try to fast-track a deal to modernize the North American Free Trade Agreement by early next year. The United States wants to increase the content threshold for NAFTA goods in a bid to return manufacturing jobs to the...

  • WASHINGTON, Aug 16- As the United States, Canada and Mexico kick off negotiations on Wednesday to modernize the North American Free Trade Agreement, the biggest uncertainty is whether a deal can pass President Donald Trump's "America First" test. Trump has blamed NAFTA for shuttering U.S. factories and sending U.S. jobs to low-wage Mexico. U.S.- Canada- Mexico...