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  • ATHENS, Greece— Greece's talks with its international creditors on a third bailout worth 85 billion euros shifted into a higher gear on Friday, with lead negotiators from the European Union and International Monetary Fund meeting key ministers in Athens. The bailout talks with the IMF, European Commission, European Central Bank and European Stability...

  • IMF won't join Greek bailout before reforms, debt relief Thursday, 30 Jul 2015 | 12:29 PM ET

    WASHINGTON— The International Monetary Fund official cannot participate in another Greek bailout until Greece and its creditors make difficult decisions on economic reforms and debt relief, a fund official said Thursday. Briefing reporters on condition of anonymity, the official said Greece needs to commit to reforms and creditors must provide debt...

  • Not the big beasts in the core, but the once-struggling peripheral economies of Spain and Ireland. Spain and Ireland have suffered badly over the past few years as their banks have creaked under the weight of lending into now-burst housing bubbles. Ireland was bailed out by the European Union and International Monetary Fund.

  • IMF's Lagarde: World economy fragile, faces downside risks Wednesday, 29 Jul 2015 | 10:01 AM ET

    WASHINGTON— International Monetary Fund chief Christine Lagarde says the world economy is recovering but fragile and "faces some downside risks." In an online press conference Wednesday, Lagarde described the United States "a strong performer" and China "resilient" despite a recent drop in Chinese stock prices. She said Greece needs to enact reforms that will...

  • BERLIN— Kazakhstan is set to become the 162nd member of the World Trade Organization after the Geneva- based body formally approved the country's membership Monday. The largest former Soviet republic in Central Asia is rich in natural resources and a key transit country for goods between Asia and Europe. Kazakhstan, which has suffered from the economic...

  • *Cool economic winds blow in from China. BRUSSELS/ FRANKFURT, July 27- The International Monetary Fund warned on Monday that the euro zone's prospects were modest and that more money printing than planned may be needed. Worries about the global economy, prompted by a slowdown in China where shares slid more than 8 percent on Monday, are weighing on many countries in...

  • BRUSSELS, July 27- Euro zone growth will be subdued over the medium term and the European Central Bank may need to extend its money-printing programme for longer than planned, the International Monetary Fund said on Monday. Mahmood Pradhan, deputy director of the IMF's European department, said the ECB needed to carry out its quantitative easing programme,...

  • ATHENS, Greece— Cyprus' creditors say the bailed-out country is on the path to economic recovery after years of recession but that it needs to follow through on structural reforms to lock in progress made and keep growth on an upward trajectory. The European Union and the International Monetary Fund said Monday the fiscal targets for the first half of 2015 have...

  • ATHENS, Greece— Greece and rescue lenders are still working out the format of upcoming talks, the labor minister said Sunday, confirming a delay in the negotiations for a third international bailout. Bailout negotiators from the European Commission, European Central Bank, and International Monetary Fund had been due to start arriving in Athens last Friday to...

  • ATHENS, July 25- Talks between Greece and its international creditors over a new bailout package should go ahead on Monday after logistical issues that delayed meetings this week are resolved, a Greek official said on Saturday. The meetings with officials from the European Commission, European Central Bank and International Monetary Fund had been expected...

  • Greek bailout talks to start on Monday after delay Saturday, 25 Jul 2015 | 8:01 AM ET

    ATHENS, July 25- Talks between Greece and its international creditors over a new bailout package should go ahead on Monday after logistical issues that delayed meetings this week are resolved, a Greek official said on Saturday. The meetings with officials from the European Commission, European Central Bank and International Monetary Fund had been expected...

  • GENEVA, July 24- The World Trade Organization finalized a list of 201 information technology products to be freed from import tariffs in a $1.3 trillion deal on Friday, but said it was still short of the critical mass of countries needed to put it into force. Removing tariffs on trade worth $1.3 trillion is expected to give a $190 billion boost to the world economy.

  • WASHINGTON, July 23- A further rise in the U.S. dollar as the monetary policy gap between the United States and other major economies widens could have a significant negative impact on other countries, the International Monetary Fund warned on Thursday. In its annual spillovers report, the IMF said lower oil prices, more monetary stimulus in the euro zone and...

  • Pew: Chinese stay optimistic in an otherwise gloomy world Thursday, 23 Jul 2015 | 10:01 AM ET

    WASHINGTON— Maybe someone should tell the Chinese their economy is slowing. The Pew Research Center finds that a world-beating 90 percent of Chinese say their economy is good. According to the International Monetary Fund, China's economic growth will decelerate this year to the slowest pace since 1990: 6.8 percent, down from 7.4 percent in 2014. But Pew found...

  • TOKYO, July 23- Japan must avoid overly relying on a weak yen to reflate the economy by deploying a new round of structural reforms such as steps to boost labour market participation, the International Monetary Fund said on Thursday. "With the depreciation of the yen... further monetary easing without bold structural reforms and a credible medium-term plan could...

  • IMF warns Japan must avoid over-reliance on weak yen Thursday, 23 Jul 2015 | 8:59 AM ET

    TOKYO, July 23- Japan must avoid overly relying on a weak yen to reflate the economy by deploying a new round of structural reforms such as steps to boost labour market participation, the International Monetary Fund said on Thursday. The IMF said further declines in the yen relative to its 2014 average was beneficial for Japan's economy. Premier Shinzo Abe's...

  • ATHENS, Greece— Discussions over Greece's third bailout in five years are set to begin in Athens imminently after Greece's parliament approved Thursday tough new conditions set by European creditors. Officials in Athens and at the European Union said negotiators are expected to start arriving on Friday, marking the first time high-level talks will be held...

  • BRUSSELS/ ATHENS, July 21- Greece and its euro zone partners formally launched talks on July 17 designed to lead to a third bailout programme for Athens that could total 86 billion euros over three years. Greece also secured bridge financing of 7.16 billion euros on the same day for a three-month period to tide it over until the bailout package is agreed.

  • WASHINGTON, July 20- The International Monetary Fund on Monday named as its new chief economist Maurice Obstfeld, an academic and White House economic adviser known for his work on money flows and international finance. Obstfeld, currently on leave from the University of California, Berkeley to serve on President Barack Obama's Council of Economic Advisers,...

  • Greece reopened its banks and ordered billions of euros owed to international creditors to be repaid- the first cautious sign of a return to normal after weeks of negotiations with its euro zone partners over a cash-for-reform deal. Greece has initiated payment of a total 6.25 billion euros to the ECB and the International Monetary Fund, Finance Ministry...