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World Economy Economic Organizations

  • LONDON, March 9- A draft communique prepared for next week's gathering of G20 finance chiefs has dropped the group's standard pledges on the need for flexible yet stable exchange rates and orderly markets, suggesting it could prove a landmark event for currency markets. The world's most powerful finance ministers and central bankers convene in the German spa...

  • WASHINGTON, March 9- China's new reduced economic growth target of 6.5 percent for this year looks achievable, an International Monetary Fund spokesman said on Thursday, adding that the Fund does not see an imminent threat to China's exchange rate from capital outflows. IMF spokesman Gerry Rice said China's economic momentum should make its growth targets...

  • FRANKFURT, March 9- The world's biggest economies should reaffirm their pledge to reject competitive currency devaluations and protectionism, the head of the European Central Bank said on Thursday, after rumours this commitment could be watered down. Finance ministers and central bank chiefs from the Group of 20 top economies are set to meet on March 17-18...

  • FRANKFURT, March 9- The Group of 20 major world economies should reaffirm its commitment to open trade when it meets in mid-March, European Central Bank President Mario Draghi said on Thursday, after rumours it may drop a reference to opposing protectionism. An early draft of the communique for the March 17-18 meeting suggested the G20 finance ministers and...

  • LONDON, March 9- A draft communique prepared for next week's gathering of G20 finance chiefs has dropped the group's standard pledges on the need for flexible yet stable exchange rates and orderly markets, suggesting it could prove a landmark event for currency markets. The world's most powerful finance ministers and central bankers convene in the German spa...

  • YAOUNDE, March 8- Cameroon and the International Monetary Fund are considering a two-year aid programme for the Central African country to deliver sustained and inclusive economic growth. "The sharp decline in commodity prices, along with security threats in the Lake Chad basin and, until recently, civil unrest in the neighbouring Central African Republic,...

  • YAOUNDE, March 8- Cameroon and the International Monetary Fund are considering a two-year aid program for the Central African country to deliver sustained and inclusive economic growth. "The sharp decline in commodity prices, along with security threats in the Lake Chad basin and, until recently, civil unrest in the neighboring Central African Republic, have...

  • YAOUNDE, March 8- Cameroon and the International Monetary Fund are considering a two-year aid programme for the Central African country to deliver sustained and inclusive economic growth. Cameroon, which produces oil, cocoa and coffee and is the largest economy in the region, has weathered the problems better than others and its medium term outlook is...

  • YAOUNDE, March 8- Cameroon and the International Monetary Fund are considering a two-year aid program for the Central African country to deliver sustained and inclusive economic growth. Cameroon, which produces oil, cocoa and coffee and is the largest economy in the region, has weathered the problems better than others and its medium term outlook is positive...

  • *Japan says see no change to G20 agreement on FX. BRUSSELS, March 7- The world's financial leaders may no longer explicitly reject protectionism or competitive currency devaluations, a draft communique of their meeting next week showed, promising only to keep an "open and fair international trading system". Finance ministers and central bank heads from the Group...

  • TOKYO, March 8- The way a few large countries run big current account deficits and others have large surpluses poses a risk to the global economy and could disrupt financial markets, a senior International Monetary Fund official said on Wednesday. While they have narrowed since the crisis, they remain above desirable levels, "he told an IMF-hosted seminar in...

  • TOKYO, March 8- Concentration of global imbalances among a few large countries presents a risk to the world economy and could disrupt financial markets, a senior International Monetary Fund official said on Wednesday. While they have narrowed since the crisis, they remain above desirable levels, "IMF Deputy Managing Director Mitsuhiro Furusawa said.

  • BRUSSELS, March 7- The world's financial leaders may no longer explicitly reject protectionism or competitive currency devaluations, a draft communique of their meeting next week showed, promising only to keep an "open and fair international trading system". Finance ministers and central bank heads from the Group of 20 major developed and developing...

  • BRUSSELS, March 7- The world's financial leaders may no longer explicitly reject protectionism or competitive currency devaluations, a draft communique of their meeting next week showed, promising only to keep an "open and fair international trading system". Finance ministers and central bank heads from the world's 20 developed and developing economies...

  • The Paris- based Organisation for Economic Cooperation and Development estimated global economic growth would run at 3.3 percent this year before reaching 3.6 percent in 2018, unchanged from its last estimates in November. OECD chief economist Catherine Mann said that higher interest rates in the United States could unleash damaging volatility on...

  • *Russia, Iraq say "too early" to discuss extending output curbs. SINGAPORE, March 7- Oil prices were little changed for a third session on Tuesday, with investors searching for direction as concern over rising U.S. shale output offsets production cuts by OPEC and non- OPEC members. Brent crude was down 9 cents, or 0.1 percent, at $55.92 a barrel as of 0745 GMT, with a firmer...

  • *Russia, Iraq say "too early" to discuss extending output curbs. SINGAPORE, March 7- Oil prices were little changed for a third session on Tuesday, with investors searching for direction as concern over rising U.S. shale output offsets production cuts by OPEC and non- OPEC members. As of 0545 GMT, brent crude was down 11 cents, or 0.2 percent, at $55.90 a barrel, with a firmer...

  • *Russia, Iraq say "too early" to discuss extending output curbs. SINGAPORE, March 7- Oil prices were little changed for a third session on Tuesday, with investors searching for direction as concern over rising U.S. shale output offsets production cuts by OPEC and non- OPEC members. Brent crude dipped 7 cents, or 0.1 percent, to $55.94 a barrel as of 0229 GMT, with a firmer...

  • WASHINGTON, March 6- Trump administration trade adviser Peter Navarro said on Monday the $65 billion U.S. trade deficit with Germany was "one of the most difficult" trade issues, and bilateral discussions were needed to reduce it outside of European Union restrictions. Navarro, the director of the new White House National Trade Council, said at an economic...

  • DETROIT, March 3- Mexico is prepared to negotiate changes to the North American Free Trade Agreement to modernize the 23- year-old open trade pact grouping the United States, Canada and Mexico, Economy Minister Ildefonso Guajardo said on Friday. Guajardo said Mexico is prepared to discuss with the Trump administration and Canada revisions to NAFTA, such as...