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World Economy International Organizations

  • LONDON, Aug 31- For veteran OPEC officials, Hurricane Harvey's impact on global oil markets is one of the strangest things they have seen. That is deeply frustrating for OPEC countries currently restricting oil supplies in an attempt to push prices higher. "It seems no event will move the oil price up much," said one OPEC delegate, surprised by the lack of impact from...

  • "Hopefully we can renegotiate it, but if we can't, we'll terminate it and we'll start all over again with a real deal," Trump told cheering workers at a factory in Missouri on Wednesday, as Mexico's foreign and trade ministers met their U.S. counterparts in Washington to keep relations on track. Away from the diplomatic noise, trade experts from the three NAFTA...

  • BRUSSELS, Aug 31- New on-road car emissions testing comes into force in the European Union on Friday as regulators strive to prevent a repeat of Volkswagen's diesel emissions scandal. However, the European Automobile Manufacturers Association- whose members include BMW, Volkswagen and Fiat Chrysler- said in a statement on Thursday the more stringent rules "...

  • BRUSSELS, Aug 31- New on-road car emissions testing comes into force in the European Union on Friday as regulators strive to prevent a repeat of Volkswagen's diesel emissions scandal. However, the European Automobile Manufacturers Association- whose members include BMW, Volkswagen and Fiat Chrysler- said in a statement on Thursday the more stringent rules "...

  • BRUSSELS, Aug 31- New on-road car emissions testing comes into force in the European Union on Friday as regulators strive to prevent a repeat of Volkswagen's diesel emissions scandal. However, the European Automobile Manufacturers Association- whose members include BMW, Volkswagen and Fiat Chrysler- said in a statement on Thursday the more stringent rules "...

  • BRUSSELS, Aug 31- New on-road car emissions testing comes into force in the European Union on Friday as regulators strive to prevent a repeat of Volkswagen's diesel emissions scandal. However, the European Automobile Manufacturers Association- whose members include BMW, Volkswagen and Fiat Chrysler- said in a statement on Thursday the more stringent rules "...

  • On Monday, Trump said he would probably need to terminate NAFTA to get what he considers a fair trade deal with economic partners Mexico and Canada, and revisited his campaign promise that Mexico would pay for a border wall. Asked in Washington if Mexico would continue negotiating if Trump pulled the trigger on the six-month process of withdrawing from the...

  • BRUSSELS, Aug 30- British and European Union negotiators exchanged recriminations on Wednesday over a lack of progress in the latest round of talks on Britain's withdrawal, with both sides demanding change to meet looming deadlines. Ahead of a planned Thursday morning news conference with his British counterpart David Davis, chief EU negotiator Michel...

  • A second round of talks starts on Friday in Mexico City to renegotiate the 1994 accord binding the United States, Mexico and Canada. U.S.- Canada- Mexico trade has quadrupled since NAFTA took effect in 1994, surpassing $1 trillion in 2015.. While several other states export a significant amount of products to Canada and Mexico, Michigan is an "outlier" in Fitch's...

  • Aug 30- Mexican Foreign Minister Luis Videgaray said in Washington on Wednesday that had agreed with U.S. Trade Representative Robert Lighthizer and U.S. Commerce Secretary Wilbur Ross to continue with a "serious" renegotiation process of the North American Free Trade Agreement.

  • BRASILIA, Aug 30- The World Trade Organization on Wednesday gave Brazil 90 days to withdraw several industrial stimulus programs, supporting complaints of unfair competition by Japan and the European Union, a decision the government will appeal. Brazil's intention is mostly to avoid immediate retaliation while it discusses how to remodel the programs...

  • PARIS, Aug 30- France will vote against renewing the European licence for weedkiller glyphosate, an official at the environment ministry said, adding to uncertainty over the future of widely-used products such as Monsanto's Roundup in the European Union. The European Commission, the EU executive, has proposed extending approval for glyphosate by 10 years...

  • PARIS, Aug 30- France will vote against renewing the European license for weedkiller glyphosate, an official at the environment ministry said, adding to uncertainty over the future of widely-used products such as Monsanto's Roundup in the European Union. The European Commission, the EU executive, has proposed extending approval for glyphosate by 10 years...

  • ABIDJAN, Aug 30- Cameroon's economic growth rate will slip to around 4 percent this year, down from a revised 2016 rate of 4.5 percent because of a slowdown in its oil and gas sector, the International Monetary Fund said on Wednesday. The IMF approved a $666 million, three-year extended credit facility in June for Cameroon, which has been hit hard by the global...

  • WTO PANEL RULES AGAINST BRAZIL INDUSTRIAL STIMULUS PROGRAMS AFTER COMPLAINT BY EU, JAPAN.

  • WTO PANEL SAYS BRAZIL HAS UP TO 90 DAYS TO WITHDRAW "PROHIBITED SUBSIDIES".

  • BRASILIA, Aug 30- The World Trade Organization announced on Wednesday that it was giving Brazil 90 days to withdraw a wide range of industrial stimulus programs, supporting complaints by Japan and the European Union over unfair competition. During the appeal process, the EU and Japan cannot implement retaliatory measures if Brazil does not comply in...

  • BRAZIL WILL APPEAL WTO DECISION, FOREIGN MINISTRY SOURCE SAYS.

  • CAIRO, Aug 30- Foreign borrowing and direct investment helped drive Egypt's economy up 4.9 percent year-on-year in the fourth quarter of its 2016-17 fiscal year, a Finance Ministry report showed on Wednesday. Egypt last November signed a $12 billion three-year International Monetary Fund loan agreement tied to sweeping economic reforms such as tax hikes...

  • LONDON, Aug 30- Insurers in Britain face crunchtime within weeks if the government and the European Union do not allow millions of cross-border policies to continue to run undisturbed beyond Brexit. While Britain is not due to leave the bloc until March 2019, insurers say they need to know by November whether they must move contracts with EU customers out of...