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US Economy Christine Lagarde

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  • JAKARTA, Sept 1- Global economic growth is likely to be weaker than earlier expected, the head of the International Monetary Fund said on Tuesday, due to a slower recovery in advanced economies and a further slowdown in emerging nations. IMF Managing Director Christine Lagarde also warned emerging economies like Indonesia to "be vigilant for spillovers" from...

  • ATHENS, Aug 29- Former Greek premier Alexis Tsipras urged supporters on Saturday to give him a fresh mandate to complete the country's political transformation, as polls showed his leftist Syriza party's lead slipping ahead of elections next month. Tsipras abruptly resigned last week, days after clinching an 86 billion-euro bailout package from Greece's...

  • ATHENS, Aug 29- Former Greek premier Alexis Tsipras urged supporters on Saturday to give him a mandate to complete the country's political transformation, as a poll showed his leftist Syriza party's lead slipping ahead of elections next month. Tsipras abruptly resigned last week, days after clinching an 86 billion euro bailout package from Greece's euro zone...

  • DIARY- Top Economic Events to Sept 12 Friday, 28 Aug 2015 | 8:01 PM ET

    ZURICH- Swiss National Bank head Thomas Jordan addresses a business gathering- 1600 GMT. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New York- 1710 GMT. TOKYO- Japan Economics Minister Akira Amari speaks at a seminar at...

  • *IMF always believed Greece's debt was unsustainable. WASHINGTON/ ATHENS, Aug 28- Many of the top brass of the International Monetary Fund always had concerns about the plans to bail out Greece. He slammed IMF forecasts for Greece as overly optimistic- "Panglossian."

  • DIARY- Top Economic Events to Sept 10 Thursday, 27 Aug 2015 | 8:01 PM ET

    EDINBURGH, Scotland- Bank of England's Executive Director of Prudential Policy David Rule at the Credit Scoring and Credit Control XIV Conference, University of Edinburgh. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New...

  • WASHINGTON, Aug 27- The International Monetary Fund on Thursday urged all investors holding Ukrainian sovereign bonds denominated in euros to embrace a debt relief deal struck earlier in the day between Kiev and a committee of creditors. "We welcome today's agreement," IMF Managing Director Christine Lagarde said in a statement, adding that the deal could help...

  • Ukraine reaches debt relief deal with creditors Thursday, 27 Aug 2015 | 5:54 AM ET

    As part of the deal, investors who own Ukraine's bonds will write off 20 percent of their holdings, shrinking $19 billion in sovereign debt to $15.5 billion, Prime Minister Arseniy Yatsenyuk told the government. Ukraine will pay nothing on its bonds if its economy grows less than 3 percent annually. The IMF announced in February it would raise some $40 billion for...

  • DIARY- Top Economic Events to Sept 9 Wednesday, 26 Aug 2015 | 8:00 PM ET

    German Chancellor Angela Merkel, EU foreign policy chief Federica Mogherini, European Commission Vice President Maros Sefcovic, European Bank for Reconstruction and Development President Sir Suma Chakrabarti and prime ministers of Italy, Serbia, Slovenia, Croatia and Albania to attend. PARIS- European Central Bank board member Benoit Coeure speaks at the...

  • WASHINGTON, Aug 19- The International Monetary Fund said on Wednesday it will freeze its benchmark currency basket until October 2016, giving markets more time to adjust to the possible addition of China's yuan as part of a review of global reserve currencies. Beijing, keen for its currency to have equal billing with the euro, yen, pound and dollar, has been pushing...

  • WASHINGTON, Aug 19- The International Monetary Fund said on Wednesday it will freeze its benchmark currency basket until October 2016, giving markets more time to adjust to the possible addition of China's yuan as part of a review of global reserve currencies. Beijing, keen for its currency to have equal billing with the euro, yen, pound and dollar, has been pushing...

  • But bond investors were relieved that consumer prices in Britain ticked up 0.1 percent in July year-on-year after slipping back to zero in June. The concerns over the weakening inflation outlook have ratcheted up expectations of further central bank stimulus in the euro zone, while they could also scupper plans for Britain and the United States to raise...

  • German yields erase fall after UK inflation surprise Tuesday, 18 Aug 2015 | 8:07 AM ET

    LONDON, Aug 18- German bond yields climbed back up after an initial dip on Tuesday as a surprise uptick in British consumer prices eased concerns over further drops in inflation triggered by falling commodity markets worldwide. Bond investors were relieved, however, that consumer prices in Britain ticked up 0.1 percent in July year-on-year after slipping...

  • BERLIN, Aug 17- Leaders of Chancellor Angela Merkel's German conservatives largely support Greece's new bailout plan before a parliamentary vote this week, but top party officials want the IMF to take part, sources involved in party talks on Monday said. A German Finance Ministry official also described involvement by the International Monetary Fund as "...

  • *She rejects suggestions Berlin wants "German Europe". BERLIN, Aug 16- German Chancellor Angela Merkel tried to reassure skeptical lawmakers on Sunday that the International Monetary Fund would take part in a new bailout for Greece, before a parliamentary vote in which many of her conservatives may break ranks and reject the rescue. Lawmakers from her Christian...

  • BERLIN, Aug 16- German Chancellor Angela Merkel said on Sunday that she expected the IMF to participate in a new rescue package for Greece, saying the Washington- based institution's chief Christine Lagarde had promised to lobby for this with the IMF board. "The IMF took part in the negotiations. Merkel ruled out a so-called "haircut" on Greece's debt but said there...

  • BERLIN, Aug 15- In a major test of her authority, Chancellor Angela Merkel will ask skeptical German lawmakers to back an 86 billion euro bailout for Greece on Wednesday despite uncertainty over whether the IMF will play a role in the rescue. Kauder, who incensed fellow lawmakers last week with threats of retaliation if they rebelled and voted against a bailout,...

  • *Parliament vote set for Weds morning, before Merkel Brazil trip. BERLIN, Aug 15- German Chancellor Angela Merkel will ask lawmakers to back an 86 billion euro bailout for Greece at a special session of parliament on Wednesday despite uncertainty about whether the International Monetary Fund is on board. The vote is shaping up as a major test for both Merkel and...

  • WASHINGTON, Aug 14- The head of the International Monetary Fund on Friday pressed Europe to provide "significant" debt relief for Greece, saying Athens could not put its fiscal house in order on its own.

  • BRUSSELS/ ATHENS, Aug 14- Finance ministers from the euro zone gave their final blessing to lending Greece up to 86 billion euros after the parliament in Athens agreed to stiff conditions overnight. Some issues still need to be ironed out following a deal struck with Greece on Tuesday by the European Commission, European Central Bank and International Monetary...