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World Economy International Organizations

  • *Overhaul could free up 20 bln euros a year. BRUSSELS, Sept 5- European Union banks facing increasing competition from financial technology firms could find it easier to invest in software under rule changes being discussed with regulators. "The Commission services are in a dialog with stakeholders to gain a better understanding of the interaction between...

  • Trade Representative Robert Lighthizer and Canadian Foreign Minister Chrystia Freeland arrived in Mexico City to close out the second round of talks to modernize the North American Free trade agreement on Tuesday along with Mexican Economy Minister Ildefonso Guajardo. President Donald Trump has repeatedly threatened to abandon the 23- year-old pact...

  • LONDON, Sept 4- OPEC members' compliance with the agreement to reduce output has improved in recent months, Iran's oil minister said on Monday, noting that unofficial talks were underway among the oil producing countries to extend the cuts next year. Under the agreement OPEC is curbing its collective oil production by about 1.2 million bpd, while Russia and some...

  • BRUSSELS, Sept 4- Europe's top court will rule on Wednesday whether U.S. chipmaker Intel offered illegal rebates to squeeze out rivals in a judgment that could affect EU antitrust regulators' cases against Qualcomm and Alphabet's Google. The ruling by the Luxembourg- based Court of Justice of the European Union could also provide more clarity on whether...

  • *Haley says North Korea is "begging for war". SEOUL/ UNITED NATIONS, Sept 4- The United States on Monday said countries trading with North Korea were aiding its "dangerous nuclear intentions" as the United Nations Security Council mulled tough new sanctions and the isolated regime showed signs of planning more missile tests. At a Security Council meeting, U.S.

  • *WTO appeal judges okay tax credits for Boeing 777 X jet. PARIS/ GENEVA, Sept 4- The World Trade Organization has reversed a ruling that Boeing received prohibited support for its newest aircraft, dealing a blow to the European Union in its long-running row with the United States over subsidies. Monday's decision by WTO appeal judges overturns a ruling which had...

  • BLED, Slovenia, Sept 4- Serbia is examining whether to seek a new loan deal with the International Monetary Fund after the current one expires in February, the country's prime minister said on Monday. "There are pros and cons," Ana Brnabic told Reuters on the sidelines of a regional forum in the Slovenian town of Bled. Serbia signed a 1.2 billion euro loan deal with the...

  • UNITED NATIONS, Sept 4- United Nations Secretary-General Antonio Guterres "counts on the Security Council to remain united and take appropriate action" on North Korea, his political affairs chief, Jeffrey Feltman, said on Monday after Pyongyang conducted its sixth nuclear test. Feltman warned the 15- member Security Council that "as tensions rise, so does the...

  • LONDON, Sept 4- Nineteen foreign banks in the European Union will need to set up new holding companies so that regulators can scrutinise them more closely, an EU discussion paper says, mirroring steps taken by the United States. Between them they operate via 53 subsidiaries and 53 branches, with 35, more than a third of the total, in Britain alone.

  • Canada's biggest private-sector union said NAFTA should be scrapped if Mexico cannot agree to better labor standards, clashing with Mexican business leaders who argued that workers rights were a matter for each country to resolve internally. Labor union leaders in the two wealthier nations say laxer labor standards and lower pay in Mexico have swelled...

  • MEXICO CITY, Sept 2- U.S., Canadian and Mexican negotiators are zeroing in on ways to enshrine Mexican President Enrique Pena Nieto's sweeping energy reforms into a modernized North American Free Trade Agreement, Mexico's chief negotiator said on Saturday. "We're working in this sense, analyzing all of the elements that need to be included in the energy...

  • MEXICO CITY, Sept 2- U.S., Canadian and Mexican negotiators are zeroing in on ways to enshrine Mexican President Enrique Pena Nieto's sweeping energy reforms into a modernized North American Free Trade Agreement, Mexico's chief negotiator said on Saturday. "We're working in this sense, analyzing all of the elements that need to be included in the energy...

  • Trade negotiators from Canada, the United States and Mexico are working through the weekend in Mexico City to present more proposals for a renewed North American Free Trade Agreement, which Trump just this week threatened to rip up. Pena Nieto, in his annual address to the nation, sent "warm greetings" and pledges of solidarity to the young Mexicans enrolled in a...

  • Trade negotiators from Canada, the United States and Mexico are working through the weekend in Mexico City to present more proposals for a renewed North American Free Trade Agreement, which Trump just this week threatened to rip up. Pena Nieto, in his annual address to the nation, sent "warm greetings" and pledges of "solidarity" to the young Mexicans enrolled in a...

  • MEXICO CITY, Sept 1- Trade negotiators from Canada, the United States and Mexico presented more proposals for a renewed North American Free Trade Agreement on Friday and tried to put behind them threats from U.S. Away from the diplomatic noise, the Mexico talks are expected to help define the priorities of each nation rather than yield major advances.

  • MEXICO CITY, Sept 1- Trade negotiators from Canada, the United States and Mexico on Friday presented more proposals for a renewed North American Free Trade Agreement and tried to put behind them threats from U.S. Away from the diplomatic noise, the Mexico talks are expected to help define the priorities of each nation rather than yield major advances.

  • HOUSTON, Sept 1- Damage and delays from Tropical Storm Harvey will hold the U.S. oil industry back from achieving a targeted 10 million barrels per day of production anytime soon, according to analysts, a setback in America's fight for global market share with OPEC. The storm, which flooded refineries, wells and pipelines across Texas, added to a string of problems...

  • MEXICO CITY, Sept 1- Trade negotiators from Canada and the United States gathered under rainy skies in Mexico City on Friday to discuss the North American Free Trade Agreement, with the mood darkened by U.S. The Sept. 1-5 round will also touch on more thorny topics such as rules governing local content in products made in North America, Mexico's economy ministry...

  • Sept 1- Negotiators from Canada, Mexico and the United States are meeting for a second round of talks to renegotiate the North American Free Trade Agreement, amid threats by U.S. NAFTA, first implemented in 1994, eliminates most tariffs on trade between the United States, Canada and Mexico. Critics say it has drawn jobs from the U.S. and Canada to Mexico, where...

  • Sept 1- Negotiators from Canada, Mexico and the United States are meeting for a second round of talks to renegotiate the North American Free Trade Agreement, amid threats by U.S. NAFTA, first implemented in 1994, eliminates most tariffs on trade between the United States, Canada and Mexico. Critics say it has drawn jobs from the U.S. and Canada to Mexico, where...