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World Economy International Organizations

  • *Oil markets tight on OPEC cuts, looming U.S. sanctions on Iran. SINGAPORE, May 22- Oil prices rose on Tuesday amid worries that Venezuela's crude output could drop further following a disputed presidential election in the country and with potential sanctions on the OPEC- member. "The markets' positive take on' no trade war' and Venezuela's political woes are driving...

  • *Oil markets tight on OPEC cuts, looming U.S. sanctions on Iran. SINGAPORE, May 22- Oil prices rose on Tuesday amid worries that Venezuela's crude output could drop further following a disputed presidential election in the country and with potential sanctions on the OPEC- member. "The markets' positive take on' no trade war' and Venezuela's political woes are driving...

  • BUENOS AIRES, May 21- The European Union and South America's Mercosur bloc could reach a trade agreement this year, the president of the European Council said on Monday, following tensions between the two regional blocs during negotiations last month. "We think we're going to end negotiations toward the end of the year," said Ekaterina Zaharieva, the foreign...

  • *US executive order restricts Venezuela's ability to sell assets. *Oil markets tight on OPEC cuts, looming U.S. sanctions vs Iran. NEW YORK, May 21- U.S. crude hit its highest level since 2014 on Monday amid rising concerns that Venezuela's oil output could fall further following the country's presidential election and potential sanctions on the OPEC- member...

  • AMMAN, May 21- Jordan's cabinet on Monday approved major IMF-guided proposals that aim to double the income tax base, as a key part of reforms to boost the finances of a debt-burdened economy hit by regional conflict. "When only 4 percent of Jordanians pay income tax, this may not be the right thing," Finance Minister Omar Malhas said in remarks after the cabinet...

  • *US executive order restricts Venezuela's ability to sell assets. *Oil markets tight on OPEC cuts, looming U.S. sanctions vs Iran. NEW YORK, May 21- U.S. crude hit its highest level since 2014 on Monday amid rising concerns that Venezuela's oil output could fall further following the country's presidential election and potential sanctions on the OPEC- member...

  • *Oil markets tight on OPEC cuts, looming U.S. sanctions vs Iran. Crude prices hovered near 2014- highs early Monday, bolstered by worries about production from OPEC members Iran and Venezuela. President Donald Trump had discussions with Russia and China about issuing new debt to Venezuela.

  • Treasury Secretary Steven Mnuchin on Monday said major issues remained in talks between the United States, Mexico and Canada to renegotiate the North American Free Trade Agreement. Mnuchin has said that Trump is not focused on a specific deadline, but there are pressures given Mexico's presidential election in July as well as congressional deadlines and...

  • *U.S. and China drop tariff threats. *Oil markets tight on OPEC cuts, looming U.S. sanctions vs Iran. LONDON, May 21- Brent crude oil declined on Monday, surrendering early gains, though the prospect of an easing in trade tensions between the United States and China helped to stem losses.

  • *Venezuelan oil supply loss helps OPEC over-deliver on cut. *OPEC downplayed Venezuelan loss when stocks were higher. LONDON, May 21- OPEC is looking closely at a drop in oil output from Venezuela to see if the loss of supply from the member state warrants action by the group, sources familiar with the matter said.

  • Treasury Secretary Steven Mnuchin on Monday said major issues remained in talks between the United States, Mexico and Canada to renegotiate the North American Free Trade Agreement. Mnuchin has said that Trump is not focused on a specific deadline, but there are pressures given Mexico's presidential election in July as well as congressional deadlines and...

  • *U.S., China drop tariff threats amid work on wider deal. *Oil markets tight on OPEC cuts, looming U.S. sanctions vs Iran. LONDON, May 21- Oil declined on Monday, surrendering early gains, although the prospect of an easing in trade tensions between the United States and China helped stem losses.

  • *U.S., China drop tariff threats amid work on wider deal. *Oil markets tight on OPEC- cuts, looming U.S. sanctions vs Iran. LONDON, May 21- Oil held in positive territory on Monday, lifted by a rally across stocks and other commodities, after the United States said it had put a possible trade war with China "on hold."

  • *U.S., China drop tariff threats amid work on wider deal. *Oil markets tight on OPEC- cuts, looming U.S. sanctions vs Iran. LONDON, May 21- Oil rose on Monday, lifted by a rally across stocks and other commodities, after the United States said it had put a possible trade war with China "on hold".

  • *U.S., China drop tariff threats amid work on wider agreement. *Oil markets tight on OPEC- cuts, looming U.S. sanctions vs Iran. SINGAPORE, May 21- Oil prices rose on Monday as markets reacted to news that China and the United States have put a looming trade war between the world's two biggest economies "on hold".

  • Deputy Secretary of State John Sullivan underscored the importance of concluding a new NAFTA trade deal in talks on Sunday with Mexican Foreign Minister Luis Videgaray on the sidelines of the G-20 foreign ministers meeting in Buenos Aires. Canada, the United States and Mexico are renegotiating the North American Free Trade Agreement.

  • *U.S., China drop tariff threats amid work on wider agreement. *Oil markets tight amid OPEC- cuts, looming U.S. sanctions vs Iran. SINGAPORE, May 21- Oil prices rose on Monday as markets reacted to news that China and the United States have put a looming trade war between the world's two biggest economies "on hold."

  • *U.S., China drop tariff threats amid work on wider agreement. Oil markets tight amid OPEC- cuts, looming U.S. sanctions vs Iran. SINGAPORE, May 21- Oil prices rose on Monday, lifted by news that China and the United States had put a looming trade war between the world's two biggest economies "on hold."

  • LONDON, May 21- A fall in the number of European Union applicants for jobs in British factories has become less sharp but manufacturers remain worried about being able to find skilled workers from the bloc after Brexit, according to a report published on Monday. Britain's decision to leave the EU in a referendum in 2016 has raised concerns among employers in...

  • *NZ homeless rate highest in OECD even as economy booms. WELLINGTON, May 21- New Zealand's dairy-fueled economy has for several years been the envy of the rich world, yet despite the rise in prosperity tens of thousands of residents are sleeping in cars, shop entrances and alleyways. "I have no assets at the moment," said 64- year-old Victor Young, who spoke to Reuters at...