World Economy Economic Organizations

  • 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.

  • SENDAI, Japan, May 20- A rift on fiscal policy and currencies is likely to 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 on Friday. Finance leaders gathering in Sendai, northeast Japan, sought advice from prominent academics, including Nobel...

  • WASHINGTON, May 19- Signaling a tough stance on Greek debt relief talks, a senior International Monetary Fund official said on Thursday that the negotiations should focus on a long grace period, maturity extensions and "very low interest rates". Euro zone finance ministers are due to meet next Tuesday to try to clinch a deal with Greece on a package of contingency...

  • BRUSSELS, May 18- The euro zone and International Monetary are struggling with Greece's debt crisis- not with Athens this time, but with each other over when to give Greece a break on its future massive debt repayments. The euro zone has begun talks on debt relief for Greece but wants to postpone the final decision until 2018; the IMF insists Greek debt repayment is...

  • DUBAI, May 19- The International Monetary Fund backed Saudi Arabia's sweeping economic reform plan on Thursday and said the kingdom was cutting spending at the right speed to cope with a huge state budget deficit caused by low oil prices. The IMF had for years been urging Saudi Arabia to adopt many of those measures, and in a statement on Thursday it said the reform...

  • SENDAI, Japan, May 19- Global economic uncertainties and measures to deal with tax evasion will be among the key topics that finance leaders of the G7 advanced economies will discuss at a weekend meeting, Japanese Finance Minister Taro Aso said on Thursday. Bank of Japan Governor Haruhiko Kuroda also warned that there are "various challenges" that G7 economies...

  • LONDON, May 18- For world markets, the main focus at this week's Group of Seven meeting in Japan will be how much leeway the host nation is given to boost economic growth and inflation, specifically through depreciation of the yen. Japan's economy is struggling in the face of a stronger exchange rate that has damaged growth, intensified deflation, crushed stock...

  • KINSHASA, May 17- Democratic Republic of Congo will seek between $250 million and $500 million in budgetary support from the World Bank this year, pending a review of its economy by the International Monetary Fund next month, the government said on Tuesday. The support would allow the central bank to boost its foreign currency reserves, which have fallen from...

  • *Japan hosts G7 fin mins on May 20-21. Japan will host a G7 finance ministers and central bankers summit on May 20-21, and there are doubts about how much progress policymakers can make in shifting the global economy out of its current spell of slow growth and low inflation. Earlier this month, Abe travelled to Europe to meet G7 heads in preparation for the meeting in...

  • DUBLIN, May 13- Finance ministers from the world's largest developed economies met in Germany a year ago against a backdrop of faltering global growth, scant inflationary pressures and the latest chapter in the Greek debt crisis. Only unusually smooth talks between Athens and its lenders may keep Greece off the agenda this time around. Whether explicitly on...