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  • ATHENS, Aug 14- The euro zone is ready to take action, including extending loan maturities, to ensure the sustainability of Greek debt and the involvement of the International Monetary Fund in a rescue programme for Greece, a Greek official said on Friday. Euro zone finance ministers gave their approval on Friday to a new aid programme worth up to 86 billion euros...

  • BRUSSELS/ ATHENS, Aug 14- Finance ministers from the euro zone were meeting in Brussels on Friday expecting to give their final blessing to lending Greece up to 85.5 billion euros after the parliament in Athens agreed to stiff conditions overnight. German Finance Minister Wolfgang Schaeuble, long the most powerful sceptic over the merits of giving Greece a...

  • BRUSSELS, Aug 14- Finance ministers from the euro zone were meeting in Brussels on Friday expecting to give their final blessing to lending Greece up to 85.5 billion euros after parliament in Athens agreed to stiff conditions overnight. German Finance Minister Wolfgang Schaeuble, long the most powerful sceptic on the merits of giving Greece a third bailout to...

  • DUBLIN, Aug 13- A housing shortage and the possibility of Britain leaving the European Union are among the key economic and social risks to Ireland's economic recovery, a government report said on Thursday. On Britain's planned EU membership referendum, the report said a fundamental change to the role of the United Kingdom in the EU, or a period of continuing...

  • WASHINGTON, Aug 12- China's move to revamp its currency regime this week may help the yuan earn a place in the small group of currencies the International Monetary Fund uses as a global benchmark, despite concerns the policy change could begin a round of competitive devaluations. Beijing described its surprise devaluation of the yuan's value on Tuesday as a...

  • WASHINGTON, Aug 11- Following is the full text of a statement by the International Monetary Fund. Greater exchange rate flexibility is important for China as it strives to give market-forces a decisive role in the economy and is rapidly integrating into global financial markets. We believe that China can, and should, aim to achieve an effectively floating...

  • *OPEC raises 2015 non-member production forecast. NEW YORK, Aug 11- Oil fell as much as 5 percent on Tuesday after No. 2 consumer China devalued its currency, raising questions about its demand for crude, while a new estimate showed non- OPEC producers more resilient than expected in keeping output up despite low prices. "It's time to sell any and all rallies," said Tariq...

  • *OPEC raises 2015 non-member production forecast. NEW YORK, Aug 11- Oil fell as much as 4 percent on Tuesday after No. 2 consumer China devalued its currency, raising questions about its demand for crude, while a new projection showed non- OPEC producers were more resilient than expected to keeping output high amid low prices. "It's time to sell any and all rallies," said...

  • *Weaker currency weighs on China's oil demand outlook. *OPEC raises 2015 non-member production forecast. LONDON, Aug 11- Oil fell on Tuesday on concerns of weaker demand from China after the world's top energy consumer devalued its currency and as OPEC signalled supplies from rivals were proving more resilient than expected to low prices.

  • Athens is racing to wrap up the bailout agreement of as much as 86 billion euros by as early as Tuesday in a bid to get the first disbursement of aid by Aug. 20, when it faces a debt payment to the European Central Bank. Officials from European Union and International Monetary Fund lenders met Greece's finance and economy ministers in Athens on Saturday, the day after...

  • Athens is racing to wrap up the bailout agreement of as much as 86 billion euros by as early as Tuesday in a bid to get the first disbursement of aid by Aug. 20, when it faces a debt payment to the European Central Bank. Officials from European Union and International Monetary Fund lenders met Greece's finance and economy ministers in Athens on Saturday after EU...

  • ATHENS/ ISMAILIA, Egypt, Aug 6- A new bailout for Athens should be agreed by late August, Greek Prime Minister Alexis Tsipras and French President Francois Hollande said on Thursday. Greece is in negotiations with the European Union and International Monetary Fund for as much as 86 billion euros in fresh loans to stave off financial ruin and economic collapse.

  • SANTIAGO, Aug 6- Chilean President Michelle Bachelet's ambitious reform program and the uncertainty it has generated have likely hurt the economy in the short term, the International Monetary Fund said on Thursday, advising the government to tighten fiscal controls. The end of the commodities cycle has dragged on Latin America's resources-based economies,...

  • SINGAPORE, Aug 4- Oil prices edged up in early Asian trading on Tuesday following a 5 percent fall in the previous session, as high global production and a weakening economic outlook, especially in Asia, prompted analysts to warn of further falls. Oil output by the Organization of the Petroleum Exporting Countries reached the highest monthly level in recent...

  • MOSCOW, Aug 3- Sanctions linked to the Ukraine crisis could end up costing Russia 9 percent of its gross domestic product, the International Monetary Fund said on Monday. Russia's economy is showing signs of stabilization after slumping under pressure from Western financial sanctions and Russian counter-measures. Russia retaliated by banning imports of...

  • KIEV, July 31- Ukraine on Friday hailed the issue of $1.7 billion of new aid from the International Monetary Fund, saying it would encourage growth in the economy and reassure financial markets abroad and at home. In a statement, Kiev's Finance Ministry said the disbursement of the second tranche of aid under a four-year Extended Fund Facility program would be...

  • KIEV, July 31- Ukraine on Friday hailed the issue of $1.7 billion of new aid from the International Monetary Fund, saying it would encourage growth in the economy and reassure financial markets abroad and at home. In a statement, Ukraine's Finance Ministry said the disbursement of the second tranche of aid under a four-year Extended Fund Facility programme...

  • Not the big beasts in the core, but the once-struggling peripheral economies of Spain and Ireland. Spain and Ireland have suffered badly over the past few years as their banks have creaked under the weight of lending into now-burst housing bubbles. Ireland was bailed out by the European Union and International Monetary Fund.

  • *Cool economic winds blow in from China. BRUSSELS/ FRANKFURT, July 27- The International Monetary Fund warned on Monday that the euro zone's prospects were modest and that more money printing than planned may be needed. Worries about the global economy, prompted by a slowdown in China where shares slid more than 8 percent on Monday, are weighing on many countries in...

  • BRUSSELS, July 27- Euro zone growth will be subdued over the medium term and the European Central Bank may need to extend its money-printing programme for longer than planned, the International Monetary Fund said on Monday. Mahmood Pradhan, deputy director of the IMF's European department, said the ECB needed to carry out its quantitative easing programme,...