World Economy International Organizations

  • President Donald Trump spoke by phone with German Chancellor Angela Merkel on Friday to discuss a range of issues including trade and NATO funding, the White House and a senior administration official said. A White House statement said the conversation covered issues including trade, the Brexit debate in Britain, and upcoming meetings.

  • WASHINGTON, March 22- The Inter-American Development Bank on Friday canceled a meeting of its member countries due to be held in China next week after Beijing refused to allow a representative of Venezuelan opposition leader Juan Guaido to attend, two sources with knowledge of the decision said. The sources said the decision was made by the board of the IADB, the...

  • WASHINGTON, March 22- The Inter-American Development Bank on Friday canceled its annual meeting in China for next week after Beijing refused to allow a representative of Venezuelan opposition leader Juan Guaido to attend, two sources with knowledge of the decision said. The sources said the decision to call off the meeting was made by the board of the IADB, the...

  • BRUSSELS, March 22- The council of European Union leaders on Friday appointed Philip Lane, the current governor of the Irish central bank, to the Executive Board of the European Central Bank, where he is due to serve as Chief Economist, the council said in a statement. Lane's eight-year term begins on June 1. The announcement, which was earlier ratified by the...

  • BRUSSELS, March 22- EU leaders said on Friday the bloc must recognize that China is as much a competitor as a partner, after calls for a more assertive policy towards Beijing over the openness of Chinese markets and the role of state-led firms. EU leaders had been intending to discuss China on Thursday at their summit, but their schedule was blown off course by a long...

  • BRUSSELS, March 22- The president of the European Central Bank, Mario Draghi, told European Union leaders on Friday that companies have to increase their preparations for a possible no-deal Brexit, an EU source said. Draghi's comments came the day after EU leaders agreed at a summit in Brussels to give Britain a final chance to leave the bloc with a deal, extending...

  • WASHINGTON, March 21- The United States on Thursday threatened to pull out of the annual meeting of the Inter-American Development Bank in China next week if Beijing refuses to allow a representative of Venezuelan opposition leader Juan Guaido to attend. The Washington- based IADB, the biggest lender to Latin America, voted last week to replace Venezuelan...

  • BRUSSELS, March 21- Britain could leave the European Union without a Brexit deal on April 12 if lawmakers fail next week to back Prime Minister Theresa May's agreement with Brussels, EU leaders said after a crisis summit in Brussels on Thursday. With just a week to go until Britain risks lurching out into legal limbo at midnight next Friday, EU leaders gave May an...

  • BRUSSELS, March 21- British Prime Minister Theresa May failed to reassure European Union leaders on Thursday that she can secure a deal at home next week on an orderly Brexit, diplomats said, prompting frantic talks on how to ease Britain out without a deal. With just a week left until Britain is due to quit the bloc, leaders scrapped planned talks on Chinese trade...

  • WASHINGTON, March 21- The United States on Thursday threatened to pull out from the annual meeting of the Inter-American Development Bank in China next week if Beijing refuses to allow a representative of Venezuelan opposition leader Juan Guaido to attend. The IADB, which is Latin America's largest development lender, voted last week to replace Venezuelan...

  • AND ITS REGIONAL PARTNERS WILL' PULL QUORUM ON THE ANNUAL MEETING' OF INTER-AMERICAN DEVELOPMENT BANK IF CHINA BLOCKS ACCESS FOR GUAIDO REPRESENTATIVE- U.S.

  • *If no change, Britain to leave EU at 2300 GMT on March 29. BRUSSELS, March 21- European Union leaders wrangled on Thursday over what kind of Brexit delay to offer Britain as their hopes faded that Prime Minister Theresa May can win over her own parliament to ensure an orderly withdrawal. If she fails and nothing changes, Britain will lurch out of the bloc into legal...

  • NEW YORK, March 21- The U.S. dollar rebounded against a basket of currencies on Thursday, recouping all its losses from the previous session as Brexit-related worries hurt sterling and the euro, helping to take the focus off the surprisingly dovish Federal Reserve. European Union leaders will offer on Thursday to delay Brexit until May 22 at the latest- but only if...

  • *If no change, Britain to leave EU at 2300 GMT on March 29. Fail, and leaders expect to have to meet her again to decide whether to give her a much longer extension-- or pull the plug and let Britain lurch out of the Union without a legal safety net at midnight next Friday, 11 p.m. London time on March 29. "The European Union commits to agreeing, before March 29 2019, to an...

  • LONDON, March 21- The pound extended losses on Thursday and derivatives markets signalled more weakness as fears grow of a catastrophic "no-deal" Brexit should lawmakers hold firm in their rejection of Prime Minister Theresa May's divorce deal with the EU. May has asked European Union leaders to delay Brexit from March 29 until the end of June and said she was...

  • *If no change, Britain to leave EU at 2300 GMT on March 29. BRUSSELS, March 21- French President Emmanuel Macron warned Prime Minister Theresa May on Thursday that Britain would face a disorderly departure from the European Union if she fails to get parliamentary approval for her deal on the third attempt next week. Just eight days before Britain is due to leave the...

  • *If no change, Britain to leave EU at 2300 GMT on March 29. BRUSSELS, March 21- French President Emmanuel Macron warned Prime Minister Theresa May on Thursday that Britain would face a disorderly departure from the European Union if she fails to get parliamentary approval for her deal on the third attempt next week. Just eight days before Britain is due to leave the...

  • BRUSSELS, March 21- The European Union will weigh a more defensive strategy on China on Thursday, signaling a possible end to the unfettered access Chinese business has enjoyed in Europe but which Beijing has failed to reciprocate. "China has risen to become an economic and geopolitical competitor, and a systemic competitor," she said before EU leaders met for...

  • LONDON, March 21- A no-deal Brexit would significantly harm the European Union and a deal on financial services between Britain and the EU is likely whatever form Brexit takes, Barclays Chairman John McFarlane said on Thursday. He said the EU and euro zone appear as if they are becoming a "closed system" in financial services, while London has developed as a global...

  • LONDON, March 21- Asset managers and other financial firms from the European Union have only a week to register with UK regulators to continue operating in Britain in the event of a no-deal Brexit, a senior regulator said on Thursday. Nausicaa Delfas, executive director of international at the Financial Conduct Authority, said notifications from EU firms who...