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  • *OPEC, U.S. output rises to multi-year highs. SINGAPORE, July 1- Oil prices fell on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund and as both U.S. and OPEC production hit new records. "Iraqi crude production climbed to a record level this month, with OPEC crude oil output estimated to have reached...

  • PRECIOUS-Gold struggles as Greek crisis lifts dollar Tuesday, 30 Jun 2015 | 9:11 PM ET

    SINGAPORE, July 1- Gold struggled close to its lowest in nearly four weeks on Wednesday, as the dollar stood tall after Greece missed a loan payment to the International Monetary Fund. *Greece made last-minute overtures to its international creditors for financial aid on Tuesday, but it was not enough to save the country from becoming the first developed economy...

  • Oil prices drop after Greece defaults on IMF payment Tuesday, 30 Jun 2015 | 8:46 PM ET

    *Greece not able to repay 1.6 bln euros owed to IMF. SINGAPORE, July 1- Oil prices fell in early trading on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund. Greece, as expected, was not able to repay 1.6 billion euros it owed to the IMF, in what was the largest missed payment in the Fund's history.

  • SYDNEY, July 1- The euro got off to a cautious start in Asia on Wednesday with Greece's fate still hanging in the balance after it became the first advanced economy to ever be in arrears to the International Monetary Fund. It has been choppy between $1.0955 and $1.1279 this week in reaction to ever-changing developments in Greece. The International Monetary Fund...

  • WASHINGTON, June 30- The International Monetary Fund on Tuesday confirmed Greece had not made its 1.5 billion euro loan repayment to the Fund, making it the first advanced economy to ever be in arrears to the Fund. IMF spokesman Gerry Rice said Greece can now only receive further IMF funding once the arrears are cleared. Rice confirmed that Greece had asked for a...

  • NEW YORK/ LONDON June 30- The U.S. dollar's share of foreign exchange reserves rose for a fourth straight quarter, while the euro's hit a 13- year low, International Monetary Fund data showed on Tuesday. "This only goes to show that the dollar is still the world's reserve currency and will be for many, many years to come," said John Doyle, director of markets at Tempus...

  • BRUSSELS, June 30- There is "no way" euro zone finance ministers will release funds for Greece to meet a crucial payment to the International Monetary Fund due by midnight to avoid a default, a euro zone official said on Tuesday. Asked by Reuters whether ministers, due to hold an emergency conference call at 1700 GMT on Greece's request for an extension to its...

  • LONDON, June 30- Global foreign exchange reserves fell in the first quarter of 2015, extending a trend that started in third quarter of last year, and the euro's share hit a 13- year low as Asian central banks stepped up sales. Data from the International Monetary Fund showed global foreign exchange reserves fell to $11.433 trillion in the first quarter of 2015,...

  • IMF FORECASTS 2015 GHANA INFLATION AT 13-14 PCT VS PVS TARGET OF 12.5 PCT, SEES COUNTRY MEETING 2016 TARGET OF 8 PCT.

  • IMF HOLDS FORECAST FOR GHANA 2015 GDP GROWTH AT 3.5 PCT, SEES 2015 BUDGET DEFICIT AT 7.2 PCT VS PVS FORECAST OF 7.5 PCT.

  • WRAPUP 3-EU makes last-ditch bid to save Greek bailout Tuesday, 30 Jun 2015 | 8:57 AM ET

    *EU Commission calls on Athens to accept 11th hour offer. ATHENS, June 30- EU authorities made a last-minute offer to salvage a bailout deal that could keep Greece in the euro as the clock ticked down on Tuesday, with Germany warning that time had run out to extend vital credit lines to Athens. With billions of euros in locked-up bailout funds due to expire at midnight,...

  • June 30- Wall Street was set to open higher on Tuesday, a day after the Dow and the S&P 500 registered their worst session since October, as investors hoped Greece would strike a last-minute deal to avoid an exit from the euro zone. Greece is hours away from defaulting on a 1.6 billion euro repayment to the International Monetary Fund. U.S. corporations have limited...

  • LONDON, June 30- The euro fell on Tuesday on month-end flows and as investors braced for the near certainty that Greece will default on a repayment to the International Monetary Fund later in the day, putting the country at risk of an exit from the euro zone. The currency had hit a four-week low of $1.0955 on Monday in reaction to concerns on the future of Greece and...

  • LONDON, June 30- The euro fell on Tuesday on month-end flows and as investors braced for the near certainty that Greece will default on a repayment to the International Monetary Fund later in the day, putting the country at risk of an exit from the euro zone. The currency had hit a four-week low of $1.0955 struck on Monday in reaction to concerns on the future of...

  • TOKYO, June 30- The euro slipped on Tuesday as traders braced for the near certainty that Greece will default on a repayment to the International Monetary Fund later in the day, putting the country at risk of disruptive exit from the euro zone. The euro fell 0.4 percent to $1.1188, heading back to a four-week low of $1.0955 struck overnight in a knee-jerk reaction to...

  • SINGAPORE, June 30- Gold retained gains from a two-day rally on Tuesday, boosted by safe-haven bids as Greece heads close to a debt default, raising questions over its future in the euro zone and rattling global equities. *Greece is just hours away from defaulting on a 1.6 billion euro loan from the International Monetary Fund. The Athens stock exchange was closed...

  • FORMER IMF ECONOMIST KRUEGER SAYS PUERTO RICO HAS HIGH DEBT, UNSUSTAINABLE FISCAL POSITION, DECLINING POPULATION AND NO ECONOMIC GROWTH AND THIS "NEEDS TO BE ADDRESS AS A PACKAGE".

  • LONDON, June 29- Greece is almost certain to miss a 1.6 billion euro payment to the International Monetary Fund on Tuesday but it's touch-and-go whether it will have to leave the euro zone, a snap Reuters poll found. The poll of more than 70 economists and traders, taken on Monday after talks between Athens and its creditors broke down, concluded there was a median 90...

  • ACCRA, June 29- Ghana is likely to clear the first review of its $918 million programme with the International Monetary Fund and secure a fresh disbursement of funds aimed at stabilising its economy, sources close to the deal said on Monday. The $115 million due in August is vital to shore up Ghana's currency, which has fallen to record lows, and to convince...

  • US STOCKS-U.S. futures fall as Greek crisis worsens Monday, 29 Jun 2015 | 7:05 AM ET

    June 29- U.S. stock index futures fell around 1 percent on Monday as fears that Greece could be the first country to exit the euro zone intensified after bailout talks with lenders broke down over the weekend. *Greece faces defaulting on 1.6 billion euros of loans from the International Monetary Fund on Tuesday. *The impending default on IMF loans leaves Greece...