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World Economy Economic Organizations

  • DALIAN, China, June 29- China needs to strike a balance between deleveraging and maintaining adequate support for some sectors of the economy, a senior International Monetary Fund official said on Thursday. On the global economy, the outlook has been optimistic, Zhang Tao, deputy managing director at the IMF, told the World Economic Forum in the northeastern...

  • BEIJING, June 29- Global coordination is important as the world economy undergoes changes, including the latest increase in U.S. interest rates earlier this month, China's Vice Finance Minister Zhu Guangyao said ahead of a G20 summit of leaders in July. As the global economy stabilises, major countries need to normalise their interest rates, although this is...

  • BEIJING, June 29- Global coordination is important as the world economy undergoes changes, including the latest increase in U.S. interest rates earlier this month, China's Vice Finance Minister Zhu Guangyao said ahead of a G20 summit of leaders in July. As the global economy stabilises, major countries need to normalise their interest rates, although this is...

  • *Loonie touches its strongest since February 27 at C $1.3148. Prices of oil, one of Canada's major exports, hit a one-week high on the back of a weaker greenback, short covering and expectations that crude inventories may decline. The International Monetary Fund also cut its growth forecasts for the U.S. economy citing uncertainty over President Donald Trump's...

  • WASHINGTON, June 27- The International Monetary Fund on Tuesday cut its growth forecasts for the U.S. economy to 2.1 percent for both 2017 and 2018, dropping its assumption that President Donald Trump's tax cut and fiscal spending plans would boost growth. "We are removing that fiscal stimulus because now we have in front of Congress a budget that assumes an...

  • WASHINGTON, June 27- The International Monetary Fund said on Tuesday it had cut its growth forecasts for the U.S. economy to 2.1 percent in 2017 and 2018, dropping its assumption that the Trump administration's tax cut and fiscal spending plans would boost growth. In a statement following a review of U.S. economic policies, the IMF said the Trump...

  • BRUSSELS, June 26- The European Union is in a "very intense phase" in its negotiations for a free-trade agreement with Japan and could sign a provisional deal as early as next week, EU trade chief Cecilia Malmstrom said on Monday. A trade accord with the world's third-largest economy would be the European Union's biggest trade scalp to date. EU and Japanese...

  • June 23- U.S. ratings agency Moody's Investors Service upgraded Greece's long-term issuer rating to' Caa2' from' Caa3' following the extension of a credit lifeline to the country by euro zone governments. The euro zone government had given Greece another 11th- hour credit lifeline worth 8.5 billion euros, last week. The International Monetary Fund Managing...

  • BRUSSELS, June 23- The euro zone economy is growing and unemployment is falling, but underlying inflation is not rising because wage growth has not yet picked up, European Central Bank President Mario Draghi told European Union leaders. Draghi said that sentiment was improving because one of the major uncertainties weighing down confidence last year was...

  • TOKYO, June 21- Japan and the European Union are nearing a broad agreement on a free trade pact, Japanese Foreign Minister Fumio Kishida and a senior EU trade official agreed on Wednesday, the foreign ministry said. Japan and the European Union have been negotiating an Economic Partnership Agreement since 2013 to promote trade and investment by eliminating...

  • ABIDJAN, June 19- The International Monetary Fund's Executive Board approved $224.8 million in additional credit for Ivory Coast under an existing lending framework, it said in a statement on Monday. Ivory Coast has emerged from a 2011 civil war to become Africa's fastest growing economy, but the government has had to cut its budget this year amid falling cocoa...

  • TOKYO, June 19- The International Monetary Fund urged Japan to avoid withdrawing fiscal policy stimulus and said monetary policy should be loosened further if risks to the economy materialize, warning of weak consumption that remains vulnerable to external shocks. To clarify that stance and enhance communication of its policy, the central bank should "phase...

  • TOKYO, June 19- A senior International Monetary Fund official said on Monday that it was premature for the Bank of Japan to discuss an exit from massive monetary stimulus given that more time and efforts are needed to reach its 2 percent inflation target. "Right now there's a need for continued accommodation because the inflation rate in Japan remains well below...

  • TOKYO, June 19- A senior International Monetary Fund official said on Monday that it was premature for the Bank of Japan to discuss an exit from massive monetary stimulus given that more time and efforts are needed to reach its 2 percent inflation target. "Right now there's a need for continued accommodation because the inflation rate in Japan remains well below...

  • TOKYO, June 19- The International Monetary Fund urged Japan to avoid withdrawing fiscal policy stimulus and said monetary policy should be loosened further if risks to the economy materialize, warning of weak consumption that remains vulnerable to external shocks. To clarify that stance and enhance communication of its policy, the central bank should "phase...

  • TOKYO, June 19- The International Monetary Fund urged Japan to avoid withdrawing fiscal policy stimulus and said monetary policy should be loosened further if risks to the economy materialize, warning of weak consumption that remains vulnerable to external shocks. To clarify that stance and enhance communication of its policy, the central bank should "phase...

  • LONDON, June 16- The deluge of cash poured into the euro zone economy in recent years by the European Central Bank appears to have finally resulted in solid- and more importantly, steady- economic growth, along with rising inflationary pressures. To borrow a phrase from British Prime Minister Theresa May's ill-fated election campaign, it's beginning to look...

  • Euro zone governments threw indebted Greece another credit lifeline worth 8.5 billion euros on Thursday, offered further clarity on a roadmap to possible debt relief and the International Monetary Fund said it might join a bailout program after sitting on the fence for two years. A pro-government newspaper, Avgi, called it "The beginning of the end to the Greek...

  • LUXEMBOURG, June 16- European Union finance ministers agreed on Friday on rules setting the order in which bank creditors would be hit in case of wind-downs, in a bid to accelerate the build-up of banks' capital buffers to reduce the chances of public-funded bailouts. The deal, reached at a regular meeting of EU finance ministers in Luxembourg, defines a common EU...

  • LUXEMBOURG, June 16- European Union finance ministers are set to agree on Friday on rules setting the order in which bank creditors would be hit in case of wind-downs, in a bid to accelerate the build-up of banks' capital buffers to reduce the chances of public-funded bailouts. The agreement, likely to be reached in a regular meeting of EU finance ministers in...