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World Economy Economic Organizations

  • DAR ES SALAAM, Feb 1- Tanzania says its economy probably grew at a less speedy rate than it had hoped last year, slowed by poor-performing agriculture and less demand from its big trading partners. "A new assessment carried out by the government in collaboration with the International Monetary Fund shows that the projected economic growth might not be achieved,"...

  • *Euro zone Jan inflation 1.8 pct, highest since Feb 2013. BRUSSELS, Jan 31- Euro zone inflation jumped in January, economic growth picked up and unemployment fell to a seven-year low, but the rebound looks unlikely to prompt any early rethink of the ECB's stimulus programme as rises in core prices were modest. Inflation in the 19 countries sharing the euro...

  • NEW DELHI, Jan 31- India's growth rate will slow by up to half a percentage point due to the government's decision to scrap high-value banknotes, the top finance ministry economist said on Tuesday, challenging independent estimates of a far bigger impact. Chief Economic Adviser Arvind Subramanian rejected the view of the International Monetary Fund, where he...

  • LUXEMBOURG, Jan 30- Greece will only receive more loans from the euro zone if the International Monetary Fund joins its latest aid programme, the head of the bloc's bailout fund said on Monday, spelling out a condition thus far disregarded by Athens's creditors. Greece needs a new tranche of financial aid under its 86 billion euro bailout by the third quarter of...

  • LUXEMBOURG, Jan 30- The disbursement of new financial aid from euro zone creditors to Greece is linked to the participation of the International Monetary Fund in the bailout program, the head of the bloc's bailout fund said on Monday. Klaus Regling, who chairs the European Stability Mechanism, said a new tranche of financial aid to Greece can only be unblocked...

  • ESM REGLING SAYS DISBURSEMENT OF NEW EURO ZONE LOAN TO GREECE IS LINKED TO IMF PARTICIPATION TO BAILOUT.

  • BRUSSELS, Jan 29- Greece's public debt can be manageable, the euro zone bailout fund said on Sunday, responding to a leaked report by the International Monetary Fund that the country's debt will explode to 275 percent of GDP by 2060.. The spokesman said, however, that the euro zone had promised to offer Greece additional debt relief if Athens delivers on all its...

  • * "That will please the European Commission". The European Commission and the International Monetary Fund have repeatedly urged Germany to take advantage of record-low borrowing costs and increase investment as a measure to reduce the country's large trade and current account surpluses. The United States last year flagged concerns over economic policies...

  • During the election campaign, Trump threatened to impose punitive tariffs on imported goods produced in Mexico and to tear up a joint trade agreement with Latin America's No. 2 economy. Mexico sends about 80 percent of its exports to the United States. "If Trump is able to maintain a constructive tone with Mexico on NAFTA renegotiation, then I think at the minimum...

  • LONDON, Jan 25- The fast-growing financial technology sector could hold big "systemic risks" for the banking sector and the broader economy which need to be addressed by bank regulators around the world, Bank of England Governor Mark Carney said on Wednesday. Speaking at a conference in Germany organized by the country's central bank, Carney said financial...

  • A more protectionist United States would threaten Canada's economy. But Canadian officials are convinced Mexico will suffer the most damage from changes to the North American Free Trade agreement, under which Canada sends 75 percent of its exports to the United States. If constructed, the pipeline would provide oil producers in Canada with a quicker route to...

  • BEIJING, Jan 25- The European Union urged China on Wednesday to make "concrete progress" in opening its markets to global investment, after Chinese President Xi Jinping decried protectionism in a speech at the recent World Economic Forum in Davos, Switzerland. In June 2016, the European Chamber of Commerce in China warned that foreign companies face an...

  • MEXICO CITY, Jan 24- Mexico could pull out of the North American Free Trade Agreement if a renegotiation of its terms does not benefit Latin America's second-largest economy, Economy Minister Ildefonso Guajardo said on Tuesday. It would not make sense to stay, "Guajardo said when asked on television if Mexico could pull out of the trade deal with Canada and the...

  • MEXICO CITY, Jan 24- Mexico could pull out of the North American Free Trade Agreement if a renegotiation of its terms does not benefit Latin America's second-largest economy, Economy Minister Ildefonso Guajardo said on Tuesday. It would not make sense to stay, "Guajardo said when asked on television if Mexico could pull out of the trade deal with Canada and the...

  • MEXICO CITY, Jan 24- Mexico could pull out of the North American Free Trade Agreement if a renegotiation of its terms does not benefit Latin America's second largest economy, Economy Minister Ildefonso Guajardo said on Tuesday. It would not make sense to stay, "Guajardo said when asked on local television if Mexico could pull out of the trade deal with Canada and...

  • MNUCHIN SAYS TREASURY WILL WORK WITH IMF, G7, G20, MAJOR TRADING PARTNERS ON CURRENCY ISSUES; SAYS IMF DOES NOT APPEAR TO HAVE PREVENTED NATIONS FROM MANIPULATING CURRENCIES- DOCUMENT.

  • Trump's vow to renegotiate the key trade agreement, which also includes Mexico, could sideswipe Canada's export-driven economy, and the visit by Kushner underlines the ties developing between the Trudeau and Trump camps. Trump said on Sunday he plans talks soon on the North American Free Trade Agreement, under which Canada and Mexico send the majority of...

  • Trump said on Sunday he plans talks soon on the North American Free Trade Agreement, under which Canada and Mexico send the majority of their exports to the United States. Canadian officials, trying to persuade the new U.S. administration that focusing on Canada makes no sense, given how closely the economies are linked, say the Trump team is most concerned about...

  • *Wall Street has hit a series of record highs after Trump's election in November as investors expected the economy to get a boost from his proposals for tax and regulatory reforms and higher infrastructure spending. *Trump has made it clear that he plans to hold talks with leaders of Canada and Mexico to renegotiate the North American Free Trade Agreement and...

  • ALGIERS, Jan 22- Algeria recorded slower third-quarter growth last year despite a significantly better performance from the energy sector, as non-hydrocarbon growth slackened, the government said on Sunday. The OPEC member country's energy sector expanded by 7.7 percent in the third quarter, due to a higher output in 2016 and a slight recovery in prices.