World Economy Economic Organizations

  • BEIJING, June 14- China needs to implement reforms with more urgency as the economy faces growing vulnerabilities and there are fewer buffers to deal with any shocks, an International Monetary Fund official said on Tuesday. "Corporate debt, though still manageable, is high and rising fast," Lipton said, adding that China needed a comprehensive plan and concrete...

  • WASHINGTON, June 13- The International Monetary Fund said on Monday its executive board voted to more than double Colombia's flexible credit line to about $11.5 billion and extend the arrangement for another two years. He added that rising global risks have the potential to increase the severity of shocks to Colombia's economy, however, so the IMF flexible...

  • Workers sit on the pavement near a construction site in Beijing, China, on Wednesday, March 2, 2016.

    China must act quickly to address mounting corporate debt before it became a systemic problem, a senior IMF official said on Saturday.

  • SHANGHAI, June 11- China must act quickly to address mounting corporate debt, a major source of worry about the world's second-largest economy, a senior International Monetary Fund official said on Saturday. China, whose economy grew in 2015 at its slowest pace in a quarter of a century, has been grappling with rising debt levels and overcapacity.

  • LONDON, June 9- Outdoor air pollution could cause 6 to 9 million premature deaths and represent an economic cost of around $2.6 trillion a year by 2060 unless action is taken, the Organisation for Economic Co-operation and Development said in a report released on Thursday. The OECD examined the economic consequences of air pollution and found that it could cost...

  • June 9- Japan said it may ask the World Trade Organization to help resolve a dispute related to India's "safeguard" tariffs on the import of hot-rolled steel. Japan will make repeated requests to the Indian authorities to ensure the consistency of their measures with the WTO agreements, the Japanese Ministry of Economy, Trade and Industry said in its annual...

  • *World Bank cuts economic growth forecasts. Mixed Chinese economic data, along with a decision by the World Bank to slash its 2016 global economic growth forecast, also gave some traders a reason to take a negative view on the outlook for stock markets. "The Chinese export figures looked a bit disappointing, and the World Bank's cut to its forecasts is another...

  • *World Bank cuts economic growth forecasts. Mixed Chinese economic data, along with a decision by the World Bank to slash its 2016 global economic growth forecast, also gave some traders a reason to take a negative view on the outlook for stock markets. "The Chinese export figures looked a bit disappointing, and the World Bank's cut to its forecasts is another...

  • Commodity-importing emerging market countries are faring better, but the benefits of lower energy and other goods have been slow to materialize, the World Bank said. "As advanced economies struggle to gain traction, most economies in South and East Asia are growing solidly, as are commodity-importing emerging economies around the world," said World Bank Chief...

  • BEIJING, June 7- China and the United States agreed to push forward reforms at the International Monetary Fund to increase quotas for emerging economies, China's vice premier Wang Yang said on Tuesday. The United States also will fully consider the impact that normalising monetary policy will have on international markets, he added, at the end of high-level...

  • MUMBAI, June 7- India's central bank is widely expected to keep its policy interest rate unchanged at a five-year low of 6.50 percent on Tuesday, while signalling the prospect of another cut later this year if monsoon rains dampen upward pressure on food prices. Reserve Bank of India Governor Raghuram Rajan, a much admired former International Monetary Fund...

  • TOKYO- IMF Deputy Managing Director Mitsuhiro Furusawa, Japan's vice finance minister for international affairs Masatsugu Asakawa and Asian Development Bank Institute Dean Naoyuki Yoshino will speak at a forum on fiscal policy for long-term growth held in Tokyo- 0100 GMT. BRASILIA- Central Bank of Brazil holds Monetary Policy Committee meeting.

  • MUMBAI, June 7- India's central bank is widely expected to keep its policy interest rate unchanged at a five-year low of 6.50 percent on Tuesday, while signaling the prospect of another cut later this year if monsoon rains dampen upward pressure on food prices. Reserve Bank of India Governor Raghuram Rajan, a much admired former International Monetary Fund...

  • Federal Reserve may delay an interest rate rise at its June meeting due to concern about the economic fallout of Britain's impending vote on whether to leave the European Union. Fed Board Governor Daniel Tarullo on Thursday joined a chorus of those expressing concern about the British vote, telling Bloomberg that Brexit would be a "factor" he would consider at...

  • *OPEC meeting in Vienna does not agree output targets. NEW YORK, June 3- Oil prices tumbled more than 1 percent on Friday, extending losses after weekly industry data showed U.S. drillers added rigs for only the second time this year. "The increase in the rig count as prices near the $50/ bbl range is clearly indicative of the elasticity of U.S. production and speaks to...

  • *OPEC meeting in Vienna does not agree output targets. NEW YORK, June 3- Oil prices tumbled more than 1 percent on Friday, extending losses after weekly data showed U.S. drillers added rigs for only the second time this year. "The increase in the rig count as prices near the $50/ bbl range is clearly indicative of the elasticity of U.S. production and speaks to the...

  • *OPEC meeting in Vienna does not agree output targets. NEW YORK, June 3- Oil prices dipped on Friday on concerns about the U.S. economy, but Brent crude held close to $50 a barrel in choppy trading with support from a weaker dollar and relief that most OPEC members do not plan to flood the market with excess crude. Brent crude futures dipped 8 cents to $49.96 per barrel by...

  • Federal Reserve may be forced to delay an interest rate hike at its policy-making meeting in June due to mounting concern over the economic fallout from Britain's vote on whether to leave the European Union. The most recent poll found that voters in Britain- Europe's second biggest economy and its most influential financial center- were evenly split on...

  • DUBLIN, June 3- The head of Dubai- based airline Emirates expressed concerns on Friday about the impact on the rest of Europe if Britain votes to leave the European Union in a June 23 referendum. Noting forecasts about economic disruption in the UK in the event of a vote to leave the EU, airline president Tim Clark said he was also worried about political and economic...

  • Federal Reserve may be forced to delay a rate hike at its June meeting because of mounting concern over the economic fallout from Britain's vote on whether to leave the European Union. The most recent poll found that voters in Britain- Europe's second biggest economy and its most influential financial center- were evenly split on whether to stay in the EU or to...