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World Economy Economic Organizations

  • SAO PAULO, May 12- Brazilian stocks rose on Friday for the fourth straight day as Petroleo Brasileiro SA shares hit an 11- week high after the state-controlled oil company reported its strongest operating profit ever. In Mexico, Economy Minister Ildefonso Guajardo said he expected negotiations on the North American Free Trade Agreement with the United...

  • BARI, Italy, May 12- G7 finance officials have raised concerns about risks to global growth from the Trump administration's policy proposals including tax reform, a senior U.S. Finance ministers from the Group of Seven- the United States, Canada, Japan, France, Germany, Italy and Britain- are holding two days of talks on the global economy, taxation and terrorist...

  • Angel Gurria, secretary-general of the Organisation for Economic Co-operation and Development, says the multilateral tax treaty negotiated among 100 countries will make it harder for multinationals to shift profits to low-tax countries. Many of those countries are expected to sign the final deal in Paris on June 7. The aim of the treaty is "helping countries...

  • BARI, Italy, May 12- The International Monetary Fund and euro zone government lenders need more time to reach an agreement on debt relief for Greece because the euro zone is still not sufficiently clear in its intentions, IMF chief Christine Lagarde said on Friday. Top euro zone officials and Lagarde met on Friday on the sidelines of a G7 finance ministers meeting...

  • WASHINGTON— In an interview with The Economist, President Donald Trump whiffed on a batch of economic facts. That's far below Denmark's tax burden of 46.6 percent, Britain's 32.5 percent or Germany's 36.9 percent. Just four OECD countries had a lower tax bite than the U.S.: South Korea, Ireland, Chile and Mexico.

  • BARI, Italy, May 11- Top euro zone and International Monetary Fund officials will discuss debt relief for Greece early on Friday, on the sidelines of a meeting of G7 finance ministers and central bankers in the Italian city of Bari, officials said. The meeting is to help determine how euro zone lenders, who hold half of Greek public debt, should firm up their...

  • BRUSSELS, May 11- The European Union and China will hold a summit in Brussels on June 2, four EU officials said, the first since the election of U.S. China asked that the annual the summit, normally held in mid-July, be brought forward to press home President Xi Jinping's defence of open trade at the World Economic Forum in Davos in January, in response to Trump's...

  • *Asia to face demographic tax, not dividends- IMF. *Asia demographics to subtract from global growth. TOKYO, May 9- The International Monetary Fund called on Asian economies to learn from Japan's experience and act early to cope with rapidly ageing populations, warning that parts of the region risk "getting old before becoming rich."

  • *Asia to face demographic tax, not dividends- IMF. *Asia demographics to subtract from global growth. TOKYO, May 9- The International Monetary Fund called on Asian economies to learn from Japan's experience and act early to cope with rapidly aging populations, warning that parts of the region risk "getting old before becoming rich."

  • **YOKOHAMA, Japan- Bank of Japan Governor Haruhiko Kuroda and Philippines Central Bank Governor Tetangco speak at a roundtable hosted by Asian Development Bank and Bank of Japan- 0700 GMT. TOKYO Bank of Japan Governor Kuroda, Philippines Central Bank Governor Tetangco will speak at a roundtable hosted by Asian Development Bank and Bank of Japan 0700 GMT.

  • **YOKOHAMA, Japan- Bank of Japan Governor Haruhiko Kuroda and Philippines Central Bank Governor Tetangco speak at a roundtable hosted by Asian Development Bank and Bank of Japan- 0700 GMT. TOKYO Bank of Japan Governor Kuroda, Philippines Central Bank Governor Tetangco will speak at a roundtable hosted by Asian Development Bank and Bank of Japan 0700 GMT.

  • BERLIN, May 4- Greece's international lenders are preparing possible debt relief measures for Athens for discussion by euro zone finance ministers, the German business daily Handelsblatt reported on Thursday. The European Commission, the ESM euro zone rescue fund, the European Central Bank and the International Monetary Fund have prepared various debt...

  • *Greece wants debt relief specifics by May 22 Eurogroup meeting. ATHENS, May 4- Prime Minister Alexis Tsipras called on Greece's international lenders on Thursday to reach an agreement on easing its debt burden by May 22, when euro zone finance ministers meet in Brussels to discuss the bailout progress. The European Union and the International Monetary Fund,...

  • *Canadian dollar at C $1.3717, or 72.90 U.S. cents. In contrast, recent strength in the Canadian economy has been overshadowed by U.S. tariffs on Canadian softwood lumber, a more uncertain outlook for the North American Free Trade Agreement and lower prices for oil, one of Canada's major exports. Also, the funding crisis at mortgage lender Home Capital may spark a...

  • ULAANBAATAR, May 2- The International Monetary Fund has postponed a $5.5 billion bailout for Mongolia because of a measure included in the country's 2017 budget that forces foreign firms to bank with domestic institutions, the IMF's country representative said. "The Board discussion was postponed," said Neil Saker, the IMF's Mongolia country representative,...

  • ULAANBAATAR, May 2- The International Monetary Fund has postponed a $5.5 billion bailout for Mongolia because of a measure included in the 2017 budget that forces foreign firms to bank with domestic institutions, the IMF's country representative said. "The Board discussion was postponed," said Neil Saker, the IMF's Mongolia country representative, in emailed...

  • TOKYO- Bank of Japan will release the minutes of its March monetary policy meeting. YOKOHAMA, Japan Bank of Japan Governor Haruhiko Kuroda, Asian Development Bank President Takehiko Nakao will speak at Global Think Tank Summit ahead of ADB's annual meeting in Yokohama. OSLO- Norges Bank Governor Oystein Olsen and Chief Executive Officer Yngve Slyngstad...

  • TOKYO- Bank of Japan will release the minutes of its March monetary policy meeting. YOKOHAMA, Japan Bank of Japan Governor Haruhiko Kuroda, Asian Development Bank President Takehiko Nakao will speak at Global Think Tank Summit ahead of ADB's annual meeting in Yokohama. OSLO- Norges Bank Governor Oystein Olsen and Chief Executive Officer Yngve Slyngstad...

  • ABU DHABI, May 1- German Chancellor Angela Merkel said on Monday she hopes the European Union and the six Gulf Cooperation Council countries can finally complete a free trade agreement and that she would discuss the issue with Abu Dhabi's crown prince. Germany, which relies on foreign trade for half its gross domestic product, fears that the protectionism...

  • *But talk of extending OPEC- led output cuts supports prices. TOKYO, May 1- Oil prices edged down on Monday as a disappointing Chinese economic survey clouded the outlook for demand, although talk that OPEC- led crude output cuts could be extended continued to offer support. NYMEX crude for June delivery was down 12 cents at $49.21 a barrel by 0619 GMT.