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  • *UK growth view cut to 1.7 pct on Brexit risks. PARIS, June 1- Ensnared in a "low-growth trap", the world economy will meander along at its slowest pace since the financial crisis for a second year in a row in 2016, the OECD forecast on Wednesday, urging governments to boost spending. With businesses wary of investing and consumers cautious about spending, the global...

  • Speakers: Eurogroup President Jeroen Dijsselbloem, European Commission President Jean-Claude Juncker, European Parliament President Martin Schulz, European Council President Donald Tusk, National Bank of Belgium member Hans Geeroms and International Monetary Fund Managing Director Christine Lagarde. FRANKFURT- German Bundesbank holds a bank...

  • *Greece has enacted series of reforms to get funds. ATHENS, May 30- Greece has told its European and International Monetary Fund creditors it cannot implement some of the extra changes sought in exchange for fresh bailout loans, three sources close to the talks said on Monday. Last week, after months of negotiations, Greece and its lenders concluded a key bailout...

  • ATHENS, May 30- Greece has told its European and International Monetary Fund creditors it cannot implement some of the extra changes sought in exchange for fresh bailout loans, three sources close to the talks said on Monday. The move, if confirmed, could further delay the disbursement of the bailout funds which Athens badly needs to pay off IMF loans in June and...

  • MEXICO CITY, May 27- The International Monetary Fund on Friday boosted its flexible credit line with Mexico to $88 billion in a bid to support Latin America's No. 2 economy, whose currency has been battered by global volatility. Mexico's macroeconomic policies "remain very strong," but there are risks given global market volatility, David Lipton, IMF First Deputy...

  • *China wants to be recognised as a "market economy". BRUSSELS, May 27- The European Commission and China may be near a deal to avoid a dispute at the World Trade Organization and a wider trade war, diplomats say, but must convince EU lawmakers angry over record Chinese steel output. Chinese envoys have signalled they could live with the dual approach, which is designed...

  • ISE-SHIMA, Japan, May 26- Leaders from the Group of Seven industrial powers agreed on Thursday the global economy is facing big risks, and host Japan will push ahead with its growth agenda, said Japanese Prime Minister Shinzo Abe. "Based on these Ise-Shima economic initiatives, we are going to have the G7 promote the Abenomics' three-arrow policy" of bold monetary...

  • ISE-SHIMA, Japan, May 26- Japanese Prime Minster Shinzo Abe escorted Group of Seven leaders to the Shinto religion's holiest site on Thursday before a summit covering topics from risks to the global economy to refugees and China's maritime assertiveness. President Barack Obama and other G7 partners one-by-one at Ise Grand Shrine in central Japan, dedicated...

  • *Greece to get 10.3 bln euros new cash, 7.5 bln of it in June. BRUSSELS, May 25- Euro zone governments on Wednesday offered Greece debt relief in 2018, but left key details for later in a bid to bridge Germany's view that no immediate action was needed and the International Monetary Fund's call for decisions now. But the bigger step forward was the debt relief deal...

  • Traders say several polls show Britain will vote strongly to stay in the European Union. *Euro zone finance ministers agreed with Greece and the International Monetary Fund on a deal that will address Athens' requests for debt relief. *Fed speakers scheduled to speak later on Wednesday include Federal Reserve Bank of Philadelphia President Patrick Harker,...

  • LONDON, May 25- European equities jumped to a four-week high on Wednesday, with banks buoyed after politicians made progress on talks over securing a debt relief deal for Greece, and energy shares rising on the back of a rally in oil. Greek shares rose 0.7 percent after euro zone finance ministers agreed with Greece and the International Monetary Fund on a deal...

  • *Greece to get 10.3 bln euros new cash, 7.5 bln of it in June. BRUSSELS, May 25- The euro zone gave Greece its firmest offer yet of debt relief in what finance ministers called a breakthrough deal that won a provisional commitment from the IMF to return to taking part in the bailout for Athens, heartening investors. After talks that lasted into the small hours of...

  • *Greece to get 10.3 bln euros new cash, 7.5 bln of it in June. BRUSSELS, May 25- The euro zone gave Greece its firmest offer yet of debt relief in what finance ministers called a breakthrough deal that won a commitment from the IMF finally to return to taking part in the bailout for Athens. After talks that lasted into the small hours of Wednesday, the Eurogroup ministers...

  • BRUSSELS, May 25- Euro zone finance ministers agreed with Greece and the International Monetary Fund on Wednesday on a deal that will address Athens' requests for debt relief, French Finance Minister Michel Sapin said. "This agreement is act of confidence in today's Greece," he told reporters as he left a meeting in Brussels in the early hours.

  • *IMF says France needs to reform more to create jobs. PARIS, May 24- France's economy is not recovering quickly enough to cut unemployment and debt significantly, and will not do so without further reforms, the International Monetary Fund said on Tuesday despite slightly raising its growth estimates. The French economy is set to grow close to 1.5 percent this year...

  • PARIS, May 24- France's economy is not recovering quickly enough to cut unemployment and debt significantly, and will not do so without further reforms, the International Monetary Fund said on Tuesday despite slightly raising its growth estimates. Less than a year away from a presidential election in which Hollande has yet to say whether he will run, the...

  • TOKYO, May 24- Leaders from the Group of Seven advanced economies will examine potential risks to the global economy when they gather this week for their summit in western Japan, government sources told Reuters. The G7 groups Britain, Canada, France, Germany, Italy, Japan and the United States. With Britain and Germany resisting calls for fiscal stimulus, Japanese...

  • EASTLEIGH, England, May 23- Leaving the European Union would be economic self-destruction for Britain, shattering stability, Prime Minister David Cameron said on Monday, presenting a finance ministry report warning of recession, a tumble in the pound, and half a million job losses. Cameron and finance minister George Osborne, who are campaigning for Britain to...

  • WASHINGTON, May 21- Japan's extraordinarily easy monetary policy, a source of friction with the United States for pushing the yen's value down, has had some positive effects on emerging Asian economies, including increased growth and equity prices, International Monetary Fund researchers have found. The IMF findings were released in a paper on Friday, as Group...

  • *Japan backs away from calls for joint fiscal action. *Japan, U.S. remain at logger-heads over yen policy. SENDAI, Japan, May 20- A rift on fiscal policy and currencies has set the stage for G7 advanced economies to agree on a "go-your-own-way" response to address risks hindering global economic growth at their finance leaders' gathering that kicked off on Friday.