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World Economy International Organizations

  • IMF SAYS REVISES UP CHINA'S SHORT-TERM GROWTH OUTLOOK, BUT SEES VULNERABILITIES INCREASING.

  • IMF SAYS ITS CHINA 2018-2020 AVERAGE ANNUAL GROWTH FORECAST RAISED TO 6.4 PCT.

  • CHINA SHOULD RESUME PROGRESS TOWARDS MARKET-DRIVEN, FLEXIBLE EXCHANGE RATE- IMF.

  • BEIJING, Aug 15- China's short-term growth outlook has strengthened but there is growing risk of a sharp medium-term adjustment due to reliance on stimulus to meet targets and a credit-expansion path that may be "dangerous", the International Monetary Fund said on Tuesday. The IMF raised its forecast for China's average annual growth from 2018-2020 to 6.4...

  • *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...

  • LONDON, Aug 15- Britain sought to push forward talks with the European Union on Tuesday, setting out proposals for a temporary post-Brexit customs agreement with the bloc and two options for how its longer-term trading relationship could work. While the government is clear Britain will leave the EU's customs union in March 2019, it has proposed a continued...

  • *Britain sets out proposals for future customs deal. LONDON, Aug 15- Britain outlined plans for a future customs agreement with the European Union on Tuesday and an interim deal to ease companies' Brexit concerns, proposals one senior EU official described as "fantasy." Britain lost a battle earlier this year to discuss the immediate divorce and future ties...

  • *Britain sets out proposals for future customs deal. LONDON, Aug 15- Britain set out proposals on Tuesday for a future customs agreement for when it leaves the European Union, but one senior EU official described it as a "fantasy". Britain lost a battle earlier this year to discuss the immediate divorce and future ties alongside each other.

  • LONDON, Aug 15- The European Union says Britain should pay a financial settlement, or divorce bill, to leave the bloc because it has financial obligations it undertook while still a member. The EU wants Britain to pay a fixed percentage of the EU's outstanding obligations on the day it leaves, due to be March 29, 2019. 1) Outstanding commitments to the EU's previous...

  • *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— Britain says it might seek to remain in a customs union with the European Union for a time to avoid border chaos after leaving the bloc. The Department for Exiting the European Union said Tuesday that there could be "a temporary customs union between the U.K. and the EU." The question of whether there will be economic barriers with the EU after Brexit in March...

  • 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.