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  • LONDON, May 10- Sterling is likely to fall by a fifth in the immediate aftermath of a British vote to leave the European Union on June 23, triggering intense inflation pressure, Britain's National Institute of Economic and Social Research said on Tuesday. NIESR, an academic research body, said that if Britain voted to leave the EU, the economy would be 1 percent...

  • LONDON, May 10- Greece's 10- year bond yields fell below 8 percent for the first time in over six months on Tuesday after euro zone finance ministers offered debt relief to the country from 2018.. In what appears to be a compromise between Germany, which does not believe Greece needs additional debt relief, and the International Monetary Fund, which insists it is...

  • BERLIN, May 9- German industrial orders rose more than expected in March and the International Monetary Fund said on Monday it was "a bit more optimistic" about the outlook for Europe's largest economy, which is heading into the second quarter on a solid footing. The surprisingly strong economic data, published by the Economy Ministry, and the upbeat comments made...

  • OTTAWA, May 9- The Bank of Canada should be ready to cut interest rates again if growth falters, though the economy looks set for a modest recovery from the oil price shock in the near term, a report from the International Monetary Fund said on Monday. In an annual assessment of Canada's economy, IMF staff said that the Bank of Canada's decision to cut rates last year,...

  • BRUSSELS, May 9- Euro zone finance ministers will start talks on Monday on how to reprofile Greek debt to make future annual servicing costs manageable for Athens despite opposition from Germany, which does not believe any relief is needed, euro zone officials said. The International Monetary Fund believes that Athens must get debt relief for its economy to...

  • LONDON, May 6- It could be time for China to tighten monetary policy rather than ease it further to avoid the risk of overheating in parts of the giant economy, one of the International Monetary Fund's top officials said on Friday. The deputy division chief of the IMF's Asia department, Roberto Guimaraes, told Reuters that further Chinese interest rate cuts and...

  • IMF- CHINA MONETARY POLICY PERHAPS A LITTLE BIT TOO ACCOMMODATIVE AT PRESENT.

  • BRUSSELS, May 6- The head of the International Monetary Fund urged euro zone finance ministers to start talks on Greece's debt relief together with discussions on Athens' reform programme, according to a letter published by the Financial Times on Friday. They are meant to discuss Greece's reform programme and a new set of contingency measures that Athens...

  • LONDON, May 6- The worst of the economic slump in Russia may be over the International Monetary Fund said on Friday, but warned possible euro zone stagnation and shifting politics made central Europe's prospects increasingly uncertain. Using forecasts produced last month, it said growth in the central channel from Poland down to Turkey would remain as healthy...

  • TOKYO, May 1- International Energy Agency chief Fatih Birol said on Sunday that oil prices may have bottomed but that would depend on global economic growth. Asked if oil prices had reached a bottom, Birol told Reuters: "It may well be the case, but it depends on economic growth." He expected global oil demand to grow by 1.2 million barrels per day this year while non- OPEC...

  • MINSK, April 28- The World Bank forecast on Thursday a much deeper recession in Belarus this year than it had previously expected as the former Soviet republic struggles with a downturn in neighboring Russia. Seeking loans from international lenders, including $3 billion from the International Monetary Fund, Belarus has implemented cautious economic...

  • LONDON, April 28- Britain's economy would be 4 percent larger 10 years after leaving the European Union than if it stayed in due to benefits from lower tariffs for imports from outside the bloc, economists supporting an exit said on Thursday. Ahead of a June 23 EU membership referendum, a range of bodies from the country's finance ministry to the International...

  • ATHENS/ BRUSSELS, April 27- Greece accused the International Monetary Fund on Wednesday of undermining negotiations over the release of more bailout funds needed in the next few weeks to repay debt. At issue is what measures Athens would take if it fails to reach fiscal targets by 2018. Athens argues that its constitution precludes legislation on a...

  • Angel Gurria, secretary general of the Organisation for Economic Co-operation and Development, said Britain outside the EU would face less access to the bloc's single market, lower investment and companies moving abroad. The global economic policy body warned of further strains on Britain's wide current account gap and a weaker pound, and Gurria accused the "...

  • WARSAW, April 22- The European Union should protect its steel industry which is loosing its competitive edge in the face of cheaper Chinese products, German Economy Minister Sigmar Gabriel said on Friday. "So we very much support negotiation with China, but if it is not possible to come to a common approach then the EU has to protect its industry until we have a fair...

  • LONDON, April 21- The euro and euro zone bond yields jumped on Thursday after European Central Bank president Mario Draghi said the bank's policies were working, the economic recovery was continuing and inflation would pick up eventually. The euro flirted with $1.14 and Germany's 10- year yield hit its highest in over a month as investors interpreted Draghi's...

  • LONDON, April 20- The number of people out of work in Britain rose for the first time since mid-2015 in the three months to February, the latest sign the economy is slowing as Britain gears up for a divisive referendum on its membership of the European Union. Britain created more than 200,000 jobs as recently as the last quarter of 2015.. Work and pensions minister...

  • WASHINGTON, April 19- The International Monetary Fund and the World Bank said on Tuesday they are joining forces with other international organizations to cooperate on tax issues and develop new tools and standards to halt tax base erosion and evasion. The new grouping, which will also include the United Nations and the Organization for Economic Cooperation...

  • WASHINGTON, April 19- The International Monetary Fund and the World Bank said on Tuesday they are joining forces with other international organizations to cooperate on tax issues and develop new tools and standards for taxing multinational enterprises. The new group, which will also include the United Nations and the Organization for Economic Cooperation...

  • WASHINGTON, April 16- The International Monetary Fund's steering committee on Saturday urged member countries to boost "growth-friendly" spending and said the Fund should explore new lending tools to help countries deal with slowing global growth. "Downside risks to the global economic outlook have increased since October, raising the possibility of a more...