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  • *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,...

  • BRUSSELS— The European Union on Monday agreed to help Tunisia combat violent Islamic extremism and boost its economy, including by raising quotas on how much olive oil it can sell in EU markets. At the meeting, EU ministers also reviewed the situation in Libya, where many armed radicals active in Tunisia were reportedly trained in jihadi camps.

  • 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...

  • IMF picks White House adviser as chief economist Monday, 20 Jul 2015 | 11:06 AM ET

    WASHINGTON— The International Monetary Fund plans to name White House economic adviser Maurice Obstfeld as its chief economist. Obstfeld, who is on leave from the University of California, Berkeley, replaces the retiring Olivier Blanchard. Obstfeld has written two influential textbooks on international economics, one with Nobel Prize winner and New York...

  • European Union officials hope Greece's third bailout deal will be in place by mid-August when Athens needs to make debt redemption payments to the European Central Bank. Greece has initiated the process for the payment of a total 6.25 billion euros to the ECB and the International Monetary Fund, Finance Ministry officials told Reuters.

  • ATHENS, Greece— Greece set a series of landmarks Monday it hopes will shore up its battered economy following months of crisis that threatened its place in the euro. Banks reopened after more than three weeks, and the cash-strapped country got enough money from European creditors to pay around 2 billion euros it owed to the International Monetary Fund.

  • PARIS, July 17- International Monetary Fund Director Christine Lagarde said on Friday the Fund could participate in a "complete" package to put the Greek economy back on track, make its debt sustainable and allow it to get its funding from financial markets. Asked on France's Europe 1 whether the IMF would participate in a third bailout for the country, Lagarde...