World Trade Correspondent, Geneva
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Nov 15, 2010

UK banks step up Basel pressure on trade finance

GENEVA, Nov 15 (Reuters) – The industry association for
British banks has joined those asking banking regulators to
revise provisions in new rules of credit affecting trade finance
for fear they could disrupt the funding that is the lifeblood of
global commerce.

Bankers believe the new Basel III banking rules, intended to
forestall a repeat of the 2008 financial crisis, do not take
into account that trade finance is one of the safest forms of
lending.

Nov 12, 2010

G20 sees small window to seal WTO Doha deal in 2011

GENEVA (Reuters) – Leaders of the G20 rich and emerging economies called on Friday for intensified efforts to complete the long-running Doha round of global trade talks, saying next year offers a narrow window of opportunity.

The endorsement by the G20 summit of 2011 as a target date, even if not an explicit one, marks an optimistic return to the practice of summits setting deadlines for the Doha talks, launched nine years ago this Sunday.

Nov 11, 2010

Geneva’s bleak Elektra is shattering drama

GENEVA (Reuters) – A new production of Elektra in Geneva pares back the stage business to focus on the overwhelming music of Richard Strauss in his shattering drama of obsession and revenge.

The bleakly oppressive sets put New Orleans soprano Jeanne-Michele Charbonnet as Elektra — one of the most demanding roles in opera — at the centre of attention.

Nov 4, 2010

G20 warned of protectionism, currency tension

GENEVA, Nov 4 (Reuters) – The global economy is threatened
by “dark clouds” of intensifying protectionist pressures, the
heads of three international organisations said on Thursday in a
warning to leaders of the G20.

These pressures are driven by high unemployment,
macroeconomic imbalances and tensions over foreign exchange
rates, said the heads of the World Trade Organization (WTO),
Organisation for Economic Co-operation and Development (OECD)
and United Nations Conference on Trade and Development (UNCTAD).

Nov 3, 2010
Nov 3, 2010

Exclusive: WTO,OECD and U.N. to warn G20 on currency threat

GENEVA (Reuters) – The global economy faces an increased threat of protectionism because of tensions over exchange rates, the heads of three international organizations will warn leaders of the G20 in a forthcoming report.

The warning is contained in a report on trade and investment from the World Trade Organization (WTO), Organization for Economic Co-operation and Development (OECD) and United Nations Conference on Trade and Development (UNCTAD), commissioned by the G20 for its summit in Seoul next week.

Nov 3, 2010

WTO,OECD,UN to warn G20 on currency threat

GENEVA, Nov 3 (Reuters) – The global economy faces an
increased threat of protectionism because of tensions over
exchange rates, the heads of three international organisations
will warn leaders of the G20 in a forthcoming report.

The warning is contained in a report on trade and investment
from the World Trade Organization (WTO), Organisation for
Economic Co-operation and Development (OECD) and United Nations
Conference on Trade and Development (UNCTAD), commissioned by
the G20 for its summit in Seoul next week.

Nov 2, 2010

Trade powers spar over outstanding Doha issues

GENEVA, Nov 2 (Reuters) – Major trade powers sparred on
Tuesday over what needed to be done to finish the long-running
Doha round amid a flurry of recent activity to revive the
stalled talks.

Ambassadors to the World Trade Organization from Brazil,
China, the European Union, India and the United States agreed
that much valuable work had already been done on Doha.

Nov 2, 2010

Doha benefit seen in blocking protectionism

GENEVA, Nov 2 (Reuters) – Preventing countries from
backsliding on cuts in tariffs they have undertaken unilaterally
could be the biggest gain from the long-running Doha round to
free up world trade, economists said on Tuesday.

And the modest gains to the world economy from agreeing what
is currently on the table could be improved if negotiators made
progress opening up services that account for 80 percent of rich
economies and a rapidly rising share in developing countries.

Oct 29, 2010

Could China face a WTO dispute over rare earths?

GENEVA (Reuters) – Businesses in Japan, the United States and European Union are crying foul over cuts in China’s export quotas of rare earths and calling on their governments to sue Beijing at the World Trade Organization.

China, which currently has a near-monopoly in supplies of rare earths, has drastically reduced shipments to Japan of the minerals, essential for many high-tech products.

    • About Jonathan

      "I write about world trade for Reuters and also lead our Geneva bureau covering international organisations based in Geneva. I spent many years in Eastern Europe, both before the Berlin Wall came down, and after 1989, when I covered the economic transition of the region. I also worked in Moscow from 1994 to 1998, where I set up Reuters domestic service for Russia and the CIS, and ran news operations in the Nordic and Baltic countries from 1998 to 2002 and Southeast Asia from 2002 to 2007."
      Joined Reuters:
      1978
      Languages:
      English, German, French
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