World Economy Economic Organizations

  • *Russia's Putin supports OPEC production freeze efforts. NEW YORK, Sept 2- Oil prices rose more than 2 percent on Friday as a report showing weaker U.S. jobs growth in August suppressed the dollar, pushing up commodities, but crude futures remained on track for a big weekly loss on glut concerns. Brent crude futures were up $1.25, or 2.8 percent, at $46.73 a barrel by...

  • BELGRADE, Sept 2- Serbia's growth could pick up further next year after strong performance in the first half pointed to a faster-than-expected recovery, the International Monetary Fund said on Friday, but warned the government against the temptation to overspend. He said any fall-out from a Brexit-led European downturn would hurt Serbia's growth prospects,...

  • VIENNA, Sept 2- Austria's conservative Economy Minister Reinhold Mitterlehner has backed a free trade deal between the European Union and Canada after Chancellor Christian Kern, a Social Democrat, said Vienna would oppose the agreement in its current form. Kern has said the deal with Canada, known as the Comprehensive Economic and Trade Agreement, shares many...

  • QUITO, Sept 1- Ecuador's central bank said on Thursday it expects the economy to shrink 1.7 percent this year, switching its previous forecast for growth due to lower oil prices and the devastating effects of a earthquake that shook the country in April. The central bank's initial estimate for the small OPEC country's economy was for growth of 1 percent this year.

  • WASHINGTON, Sept 1- The International Monetary Fund said on Thursday it is "very close" to concluding its latest review of Ukraine's $17.5 billion bailout and expects its board to consider releasing additional funds in the second half of September. IMF spokesman Gerry Rice told a regular news briefing that some technical issues related to the timing of further...

  • WASHINGTON, Sept 1- The International Monetary Fund called on Thursday for G20 leaders to take much stronger action to boost demand, revive flagging trade, make long-delayed structural reforms to their economies and share growth more broadly. In a briefing note to heads of state of the G20 group of leading economies ahead of their summit in Hangzhou, China, on...

  • Aug 31- The International Monetary Fund said on Wednesday that it would "be in a position" to lift its censure on Argentina later this year after recent changes the country has made to the way it reports official economic data. The Indec overhaul- which saw many former section directors fired- was seen as a crucial step in Macri's efforts to open Argentina to...

  • Aug 31- The International Monetary Fund said on Wednesday that it would "be in a position" to lift its censure on Argentina later this year after recent changes the country has made to the way it reports official economic data.

  • Federal Reserve Chair, before paring gains on a Reuters interview with the Saudi Energy Minister that cast doubts about an OPEC output freeze. That was before Saudi Energy Minister Khalid al-Falih's interview with Reuters, in which he said there had been no "discussions of substance yet" on OPEC production levels. Members of OPEC will meet on the sidelines of the...

  • *Europe's biggest economy grew 0.4 pct q/q in Q2. BERLIN, Aug 24- Solid economic growth generated a record budget surplus for Germany in the first half of this year, stoking a debate within government about whether the country should use its spare revenue to cut taxes or increase spending. But the International Monetary Fund and other euro zone governments have...

  • WEDNESDAY, AUGUST 17 JOHANNESBURG- J.P Morgan conference call with SARB Deputy Governor Kuben Naidoo, who will share his views on South Africa's financial outlook with regard to recovery, interest rates and reforms- 1030 GMT. BEIJING- China's Commerce Ministry holds its regular briefing- 0200 GMT. SINGAPORE- International Monetary Fund and the Sim Kee Book...

  • BEIJING, Aug 15- China expects next month's summit of the G20 which it is hosting will focus on boosting economic growth and other financial issues rather than disputes like the South China Sea, senior officials said on Monday. The Sept 4-5 leaders' meeting comes as clouds continue to hover over global growth prospects and worries about China's own slowing...

  • WASHINGTON, Aug 12- South Korea should use fiscal policy to support its economy in the face of a number of structural headwinds, the International Monetary Fund on Friday. South Korea, the fourth largest economy in Asia, faces several structural constraints in the future, the IMF said. It called on South Korea to contain risks from rising household debt by...

  • BEIJING, Aug 12- The International Monetary Fund on Friday said China's policymakers should shift away from economic growth targets for it to improve the quality of its stimulus. "The practice of setting annual growth targets has fostered an undesirable focus on short-term, low-quality stimulus measures," the IMF said in its annual review on China.

  • MUMBAI, Aug 9- Conducting his last policy review on Tuesday as head India's central bank, Raghuram Rajan kept key interest rates unchanged to cool inflation running near two year highs, while urging the government to form a panel for the next review in October. The much admired former International Monetary Fund chief economist is due to step down as RBI governor...

  • Aug 8- The S&P 500 opened at a record high on Monday as oil prices rose and after Friday's stellar jobs report suggested strength in the U.S. economy, boosting appetite for risk. Oil rose 1.8 percent after a report in the Wall Street Journal last week that some OPEC members had called for a freeze in production. "We're coming off a strong session on the back of solid...

  • MUMBAI, Aug 5- Stubbornly high food prices mean Reserve Bank of India Governor Raghuram Rajan is unlikely to make a valedictory rate cut at his final policy review on Tuesday before stepping down on Sept.4. Instead, the much-praised former International Monetary Fund Chief Economist can stake out what needs to be done for India to win its long war against...

  • DUBLIN, Aug 1- Surprisingly poor EU stress test results have been a reminder that Irish banks need a few more years of strong economic growth to complete their post-crisis rehabilitation, a prospect Brexit may complicate. Nevertheless the tests represent a speedbump to a sector the International Monetary Fund said last week had strengthened significantly...

  • SINGAPORE, Aug 1- Oil prices started August trading with fresh falls on Monday after several bearish reports, including rising output from OPEC, a rise in U.S. drilling and weak economic data from Asia. Brent crude futures were trading at $43.46 per barrel at 0126 GMT, down 7 cents from their last close in July, when they already lost 12 percent over the month.

  • BRUSSELS, July 29- Economic growth in the euro zone slowed in the second quarter as uncertainty before the British vote to leave the European Union swirled, data showed on Friday, and economists said it could be a sign of future weaker growth. "The third quarter started on a good footing, but it is probably too soon to start downplaying the potential negative impact...