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World Economy Economic Organizations

  • *IMF approves 1.6 billion euro Greek loan "in principle". LONDON, July 21- Euro zone government bonds were in demand on Friday as the cautious stance of policymakers cheered investors, while IMF support for a Greek bailout added to the general mood of goodwill towards the single currency bloc. The European Central Bank left its ultra-easy monetary policy...

  • *IMF approves 1.6 billion euro Greek loan "in principle". LONDON, July 21- Euro zone government bonds were in demand on Friday as the cautious stance of policymakers cheered investors, while IMF support for a Greek bailout added to the general mood of goodwill towards the single currency bloc. The European Central Bank left its ultra-easy monetary policy...

  • WASHINGTON— The International Monetary Fund's board on Thursday approved a $1.8 billion loan to Greece— but will only release the money if the country gets debt relief from its European creditors. The IMF has praised Greece for taking steps to reduce its budget deficits, including expanding its tax base and cutting spending on pensions. IMF managing director...

  • Benchmark copper on the London Metal Exchange was up 0.2 percent at $5,972 at 1045 GMT, close to Monday's high of $6,022.50- the first rise above $6,000 since March 2. "There's still a halo effect from the stronger-than-expected Chinese numbers," ETF Securities analyst Nitesh Shah said. CHINA ECONOMY: The Asian Development Bank raised its 2017 and 2018 growth...

  • MANILA, Philippines— Stronger-than-expected export demand has improved growth prospects for Asia's developing economies, including China, the Asian Development Bank said Thursday. "Developing Asia is off to a good start this year with improved exports pushing growth prospects for the rest of 2017," said ADB's chief economist Yasuyuki Sawada.

  • MANILA, Philippines— The Asian Development Bank says stronger-than-expected export demand has improved growth prospects for Asia's developing economies, including China. The Manila, Philippines- based ADB on Thursday upgraded its growth forecasts for this year to 5.9 percent from an earlier forecast of 5.7 percent. It expects developing Asia to grow at a...

  • MADRID— The International Monetary Fund says it is raising the growth forecast for Spain in 2017 to 3.1 percent, due to improved levels of consumption, investment and exports amid a surging post-crisis recovery. The revised figure is 0.5 percentage points higher than the IMF's previous forecast in April. The country emerged from recession in late 2013 and is...

  • MEXICO CITY, July 18- Mexico's economy minister on Tuesday expressed concern that the United States was insisting on reducing trade deficits in objectives it set out for the renegotiation of the NAFTA trade deal, a document he nevertheless said contained "no surprises." Speaking on Mexican television, Economy Minister Ildefonso Guajardo also raised...

  • WASHINGTON, July 17- The United States on Monday launched the first salvo in the renegotiation of the 23- year-old North American Free Trade Agreement, saying its top priority for the talks was shrinking the U.S. trade deficit with Canada and Mexico. Trade Representative Robert Lighthizer said he would seek to reduce the trade imbalance by improving access for...

  • WASHINGTON, July 17- The United States on Monday launched the first salvo in the renegotiation of the 23- year-old North American Free Trade Agreement, saying its top priority for the talks was shrinking the U.S. trade deficit with Canada and Mexico. Trade Representative Robert Lighthizer said he would seek to reduce the trade imbalance by improving access for...

  • In a statement, the Mexican economy ministry said it expected talks between the United States, Mexico and Canada on renegotiating the North American Free Trade Agreement to be able to get under way from Aug. 16. The United States said its top priority for the talks was shrinking the U.S. trade deficit with Mexico and Canada, a recurring complaint of U.S.

  • WASHINGTON, July 17- The United States on Monday launched the first salvo in the renegotiation of the 23- year-old North American Free Trade Agreement, saying its top priority for the talks was shrinking the U.S. trade deficit with Canada and Mexico. Trade Representative Robert Lighthizer said he would seek to reduce the trade imbalance by improving access for...

  • BRUSSELS, July 17- EU foreign ministers approved on Monday measures to allow Ukraine to export more industrial and agricultural products free of tariffs to the bloc in recognition of reforms undertaken by Kiev and the country's fragile economy. Trade has been at the heart of a dispute between Russia and the European Union over relations with Ukraine, with...

  • BRUSSELS, July 17- EU foreign ministers approved on Monday measures to allow Ukraine to export more industrial and agricultural products free of tariffs to the bloc in recognition of reforms undertaken by Kiev and the country's fragile economy. Trade has been at the heart of a dispute between Russia and the European Union over relations with Ukraine, with...

  • BRUSSELS, July 17- EU foreign ministers approved on Monday measures to allow Ukraine to export more industrial and agricultural products free of tariffs to the bloc in recognition of reforms undertaken by Kiev and the country's fragile economy. Trade has been at the heart of a dispute between Russia and the European Union over relations with Ukraine, with...

  • BRUSSELS, July 17- EU foreign ministers approved on Monday measures to allow Ukraine to export more industrial and agricultural products free of tariffs to the bloc in recognition of reforms undertaken by Kiev and the country's fragile economy. Trade has been at the heart of a dispute between Russia and the European Union over relations with Ukraine, with...

  • MEXICO CITY, July 13- Mexico's central bank could pause monetary policy tightening for some time, its governor said on Thursday, but he defended high interest rates at a time of political volatility and knocked down speculation there will be rate cuts before mid-2018. Banco de Mexico Governor Agustin Carstens said talk among private economists that rates...

  • Japanese Prime Minister Shinzo Abe next to a map of the original Trans-Pacific Partnership participating countries.

    Markets could start to question the long-term sustainability of Japanese Prime Minister Shinzo Abe's economic program – known as 'Abenomics'.

  • CAIRO— The head of the International Monetary Fund has praised Egypt's reform measures, saying they will set the country on "a path of stability." Christine Lagarde said in a statement late Thursday that Egypt's government and central bank have "taken the right measures to rein in inflation, reduce the budget deficit, and set the Egyptian economy on a path to...

  • MEXICO CITY, July 13- Mexico's central bank could pause monetary policy tightening for some time, its governor said on Thursday, but he defended high interest rates at a time of political volatility and knocked down speculation there will be rate cuts before mid-2018. Banco de Mexico Governor Agustin Carstens said talk among private economists that rates...