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World Economy International Organizations

  • WASHINGTON, July 17- The United States on Monday outlined a tough negotiating strategy for revising the 1994 North American Free Trade Agreement and for the first time in a U.S. trade deal said it would seek to deter currency manipulation by trading partners. Trade Representative Robert Lighthizer said the Trump administration aimed to reduce the U.S. trade...

  • President Donald Trump they expect him to keep election campaign promises to protect American workers in NAFTA talks, but they stopped short of demanding termination of the 1994 trade pact with Canada and Mexico. President Richard Trumka of the AFL-CIO, an umbrella organization of unions representing 12.5 million workers, said the North American Free Trade...

  • *Kuwait says market on path to rebalancing. NEW YORK, July 17- Oil prices were about 1 percent lower on Monday as investors continued to await strong indications that an OPEC- led effort to drain a glut was proving effective but output increases in some top producers eased, keeping losses in check. RIG-OL-USA- BHI> Rig additions over the past four weeks averaged five,...

  • NEW YORK, July 17- U.S. shale oil production is forecast to rise for the eighth consecutive month, climbing 112,000 barrels per day to 5.585 million bpd in August, the U.S. Energy Department said in a report on Monday. The increase comes amid market concerns that rising shale output will dampen the Organization of the Petroleum Exporting Countries' efforts to curb a...

  • FRANKFURT/ LONDON, July 17- U.S. bank Citigroup Inc is set to become the latest Wall Street bank to pick Frankfurt as its European Union base this week in preparation for when Britain leaves the European Union, two sources told Reuters on Monday. Citi had earlier said it would choose Frankfurt to become its hub for sales and trading in the EU and move "a couple of...

  • NEW YORK, July 17- U.S. shale oil production is forecast to rise for the eighth consecutive month, climbing 112,000 barrels per day to 5.585 million bpd in August, the U.S. Energy Department said in a report on Monday. The increase comes amid market concerns that rising shale output will dampen the Organization of the Petroleum Exporting Countries' efforts to curb a...

  • President Donald Trump they expect him to keep election campaign promises to protect American workers in NAFTA talks, but they stopped short of demanding termination of the 1994 trade pact with Canada and Mexico. President Richard Trumka of the AFL-CIO, an umbrella organization of unions representing 12.5 million workers, said the North American Free Trade...

  • *Kuwait says market on path to rebalancing. NEW YORK, July 17- Oil prices were little changed on Monday as output increases in some top producers eased, but investors continued to await strong indications that an OPEC- led effort to drain a glut was proving effective. Brent crude fell 24 cents to $48.67 a barrel by 11:51 a.m. EDT.

  • BRUSSELS, July 17- U.S. chipmaker Qualcomm faces the threat of a daily fine of 580,000 euros for failing to provide EU antitrust regulators with information after losing an appeal against the penalty in a European Union court on Monday. Qualcomm, which was charged by the European Commission for using anti-competitive methods to squeeze out British phone...

  • OTTAWA/ WINNIPEG, July 17- The U.S. dairy lobby is ratcheting up the pressure on Canada as talks to renegotiate NAFTA draw closer, demanding concessions the Canadian government looks unwilling to grant, according to people familiar with the file. The result could be a brawl that sours efforts to modernize the North American Free Trade Agreement, under which...

  • *Kuwait says market on path to rebalancing. LONDON, July 17- Oil edged up to about $49 a barrel on Monday after fewer drilling rigs were added in the United States last week, helping ease concerns that surging shale supplies will undermine OPEC- led production cuts. RIG-OL-USA- BHI> Rig additions over the past four weeks averaged five, the slowest pace of growth since...

  • GENEVA, July 17- The European Union and Britain plan to put forward a joint proposal for reform of the terms of their World Trade Organization membership in September or October, an EU source said on Monday, as London negotiates to leave the EU. The joint approach would address aspects of the EU's WTO membership terms, known as its WTO "schedules", that are not easily...

  • BRUSSELS, July 17- The European Union will only extend its approval for the herbicide glyphosate if there is sufficient support from the bloc's 28 member states, European Health and Food Safety Commissioner Vytenis Andriukaitis said on Monday. The European Commission decided to propose extending approval for glyphosate by 10 years after the European...

  • BRUSSELS, July 17- The European Union will only extend its approval for the herbicide glyphosate if there is sufficient support from the bloc's 28 member states, European Health and Food Safety Commissioner Vytenis Andriukaitis said on Monday. The European Commission decided to propose extending approval for glyphosate by 10 years after the European...

  • GENEVA, July 17- The European Union and Britain plan to present a joint proposal for reform of the terms of their World Trade Organization membership in September or October, an EU source said on Monday, as London negotiates to leave the EU.

  • EU AND BRITAIN PLAN TO PRESENT JOINT PROPOSAL FOR REFORM OF THEIR WTO MEMBERSHIP TERMS IN SEPTEMBER OR OCTOBER- EU SOURCE SAYS.

  • PARIS, July 17- France has a "unique window of opportunity" as growth picks up to tackle its weak public finances and high unemployment while reversing its decline in competitiveness, the International Monetary Fund said on Monday. Meanwhile, President Emmanuel Macron's plans to gradually cut corporate tax to 25 percent from 33.3 percent while setting a flat 30...

  • PARIS, July 17- France has a "unique window of opportunity" as growth picks up to tackle its weak public finances and high unemployment while reversing its decline in competitiveness, the International Monetary Fund said on Monday. Meanwhile, President Emmanuel Macron's plans to gradually cut corporate tax to 25 percent from 33.3 percent while setting a flat 30...

  • PARIS, July 17- France has a "unique window of opportunity" as growth picks up to tackle its weak public finances and high unemployment while reversing its decline in competitiveness, the International Monetary Fund said on Monday. Meanwhile, President Emmanuel Macron's plans to gradually cut corporate tax to 25 percent from 33.3 percent while setting a flat 30...

  • PARIS, July 17- France has a "unique window of opportunity" as growth picks up to tackle its weak public finances and high unemployment while reversing its decline in competitiveness, the International Monetary Fund said on Monday. Meanwhile, President Emmanuel Macron's plans to gradually cut corporate tax to 25 percent from 33.3 percent while setting a flat 30...