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  • *Global market, growth outlook darkens. LONDON, Jan 21- The depth and ferocity of the selloff in world stocks and commodities so far this year has forced investors into a dramatic rethink of what the world's major central banks will do in 2016.. And this week the International Monetary Fund surprised no one when it cut its global growth forecasts for this year and...

  • BEIJING, Jan 21- International Monetary Fund chief Christine Lagarde on Thursday said China's structural reform will be a "massive undertaking". Largarde's comments were made at a session at the World Economic Forum in Davos, seen in a video feed monitored by Reuters. She added that she does not think China will actually complete the reform undertaking in line...

  • BEIJING, Jan 21- International Monetary Fund chief Christine Lagarde on Thursday said China should communicate better with its financial market. The remarks were made at a session at the World Economic Forum in Davos, seen in a video feed monitored by Reuters. Lagarde said China is "going through a list of transitions".

  • *But metal still trading below $1,100/ oz. MANILA, Jan 20- Gold edged higher on Wednesday as a further fall in equities and oil burnished bullion's safe-haven draw, although slow physical demand from Asia kept the metal well under this month's peak. The International Monetary Fund cut its global growth forecasts for the third time in less than a year after China's...

  • MANILA, Jan 20- Gold edged higher on Wednesday as a further fall in equities and oil burnished bullion's safe-haven draw, although the metal was restricted to narrow ranges. *Spot gold was up 0.2 percent at $1,088.66 an ounce by 0035 GMT. *The International Monetary Fund cut its global growth forecasts for the third time in less than a year, as new figures from Beijing...

  • LONDON, Jan 19- Global financial markets seem to be overreacting to falling oil prices and the risk of a sharp downturn in China's economy, the chief economist of the International Monetary Fund said on Tuesday. Speaking after the IMF cut its global growth forecasts for the third time in less than a year, Maurice Obstfeld also said it was critical that China is...

  • DIARY-Top Economic Events to Jan 29 Monday, 18 Jan 2016 | 8:10 PM ET

    TUESDAY, JANUARY 19 WASHINGTON- The International Monetary Fund will release its World Economic Outlook update and will hold a press conference hosted by the Bank of England- 1000 GMT. Speakers:- Austria Finance Minister Hans Jorg Schelling, Serbia Finance Minister Dusan Vujovic, Hungary National Economy Minister Mihaly Varga, National Bank of Austria...

  • SAO PAULO, Jan 18- Economists raised their forecasts for Brazil's inflation rate in 2016 and 2017, a weekly central bank survey showed on Monday, adding pressure on policymakers as they meet this week to weigh a potential interest rate hike. Brazil is set to have both the worst recession and the third-highest inflation rate among G20 economies in 2016,...

  • Its policy shift came days after International Monetary Fund head Christine Lagarde told Nigerian lawmakers that the IMF did not support foreign exchange restrictions. "You can now transfer foreign currency cash deposits made into your GT Bank domiciliary account via internet banking, Mobile App or at any of our branches nationwide, subject to a daily...

  • CARACAS, Jan 15- Venezuelan President Nicolas Maduro's socialist government decreed on Friday a 60- day "economic emergency" for the recession-hit OPEC nation reeling from low oil prices and a sputtering state-led economic model. In data released on Friday, the central bank said Venezuela's annualized inflation at the end of the third quarter in 2015 was...

  • WASHINGTON, Jan 14- China needs to give more clarity on its exchange rate policy, an IMF spokesman said on Thursday. "More clarity and communication around the exchange rate regime would be useful," International Monetary Fund spokesman Gerry Rice told a regular news briefing. He said that while China's rebalancing of its economy has been bumpy, the IMF's view of...

  • BRUSSELS, Jan 14- Greece accepts that the International Monetary Fund has to take part in the bailout program under which Athens receives billions of euros in loans in exchange for economic reforms, the chairman of euro zone finance ministers said on Thursday. But the participation of the IMF is a key condition for Germany, which believes the European...

  • PARIS, Jan 12- Further interest rate hikes by the U.S. Federal Reserve should be gradual or they risk hurting already fragile emerging economies, where many companies borrow in dollars, the head of the International Monetary Fund said on Tuesday. Christine Lagarde said a tightening in U.S. monetary policy, which started last month with the first rate hike in a...

  • PARIS, Jan 11- Economic conditions are stabilizing in China and the outlook is for steady growth in the euro zone, while the U.S. and UK economies are losing steam, the Organisation for Economic Co-operation and Development said on Monday. The Paris- based OECD said that its monthly leading economic indicator, supposed to capture economic turning points, showed...

  • *External risks, notably China, abound. It also may not be felt equally across the board, viz Spain and Greece's unemployed versus Germany's busy builders. But putting aside for the moment that the euro zone's nascent recovery is happening just as China is wobbling and financial markets are unhinged, the numbers look generally positive.

  • YAOUNDE, Jan 8- Tighter public spending, economic diversification and greater regional trade are needed to spur growth in central Africa that has been hampered by plunging oil prices and security threats, the head of the International Monetary Fund said on Friday. Speaking in Cameroon during a regional tour, IMF managing director Christine Lagarde said...

  • U.S. lawmakers, meanwhile, were uncharacteristically silent about a further deterioration in the value of China's currency, after the yuan fell for an eighth day on investor fears about China's economy. China last year gave markets a greater role in determining the yuan's value, a shift welcomed by the International Monetary Fund and others that have urged the...

  • World Bank cuts global economic growth outlook Wednesday, 6 Jan 2016 | 4:57 PM ET

    Jan 6- The World Bank on Wednesday cut its global economic growth forecast for 2016, saying the weak performance of major emerging market economies will tamp activity overall, as will anemic showings from developed countries such as the United States. "Given the size and global economic integration of the largest emerging markets- Brazil, the Russian...

  • Global growth will be disappointing in 2016: Lagarde Wednesday, 30 Dec 2015 | 4:16 AM ET
    IMF Managing Director, Christine Lagarde, speaks during a press conference after meeting ministers and officials from the Gulf Cooperation Council (GCC) on November 8, 2015.

    Global economic growth will be "disappointing" next year, the head of the IMF said in a guest article for German newspaper Handelsblatt.

  • BERLIN, Dec 30- Global economic growth will be "disappointing" next year, the head of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to...