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  • DUBAI, March 5- Iran complained on Saturday that European banks and companies were too wary about renewing business ties following the lifting of economic sanctions and said it had asked the International Monetary Fund to ease their concerns. In January, world powers led by the United States and the European Union lifted most sanctions on Iran in return for...

  • WASHINGTON, March 4- The International Monetary Fund said on Friday it will separately identify China's yuan currency in its official foreign exchange reserves database starting Oct. 1, a move prompted by the yuan's new status in the Fund's reserve currency basket. The move will aid China's effort to secure a bigger role for its currency, also known as the...

  • WASHINGTON, March 3- The International Monetary Fund is seeing "good progress" in discussions over Greece's debt and economic reforms but is not insisting on new, tougher targets, a spokesman for the Fund said on Thursday. IMF spokesman Gerry Rice told a news briefing that he sees an early return of an IMF mission to Greece, but did not offer a date or elaborate on...

  • WASHINGTON, March 3- The International Monetary Fund is seeing "good progress" in discussions over Greece's debt and economic reforms and is not insisting on new, tougher targets, a spokesman for the Fund said on Thursday. IMF spokesman Gerry Rice told a general news briefing that he sees an early return of an IMF mission to Greece, but did not offer a date.

  • IMF SEES INDIAN GDP GROWTH PICKING UP TO 7.5 PCT IN FISCAL 2016/ 17 FROM 7.3 PCT IN FISCAL 2015/ 16.

  • DELHI, March 2- India's economic growth rate should pick up to 7.5 percent in the 2016/ 17 fiscal year, the International Monetary Fund said on Wednesday, aided by a collapse in oil prices and relatively low exposure to current global financial turbulence. "The broad message is that India's growth trajectory is pretty strong by international standards- not to...

  • HONG KONG, March 1- U.S. Treasury Secretary Jack Lew said the key takeaway from the conclusion of the G20 meetings in Shanghai was that no country would competitively devalue their currency in a way that would trigger the outbreak of a fresh round of currency wars. "Leaving the Shanghai G20 with the risk of competitive devaluation greatly, greatly reduced because...

  • *China cuts reserve requirement to boost economy. NEW YORK, Feb 29- Oil prices jumped 3 percent on Monday after China moved to boost its slowing economy, a drop in crude output from OPEC and the U.S., and a pledge by Saudi Arabia to limit market volatility, suggesting a 20- month selloff could be hitting a bottom. Saudi Arabia, working with Venezuela and Qatar and non- OPEC...

  • *China shares fall almost 3 percent. LONDON, Feb 29- Shares retreated in Europe and Asia on Monday after a weekend meeting of G20 finance chiefs ended with no new plan to spur global growth and as investors fretted the U.S. But there was no plan for coordinated stimulus, which some investors had been seeking after concerns about a slowdown in China depressed markets...

  • LONDON, Feb 29- European shares retreated from a three-week high on Monday and were on track for their third-straight month of losses as a weekend meeting of the G20 group of leading economies failed to strike new, concrete measures to boost growth. The Group of 20 finance ministers and central bankers declared on Saturday they needed to look beyond ultra-low...

  • TOKYO, Feb 29- Asian stocks were off to a cautious start on Monday after a weekend meeting of the Group of 20 economic policymakers ended with no new coordinated action to spur global growth and as solid U.S. data revived expectation of a U.S. rate hike before year-end. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent, while Australian...

  • "The fact that the G20 is going to do more of the same is likely to be greeted with a big yawn and a likely fall on stock markets," said Richard Edwards, managing director at trading and research firm HED Capital. "Some people will be disappointed that there are no concrete measures," said Francois Savary, chief investment officer at Geneva- based investment and...

  • *Central banks near their limits. FRANKFURT/ TOKYO, Feb 28- The widely predicted failure of G20 leaders to agree on bold new steps to reinvigorate the world economy at a meeting in Shanghai this weekend puts the onus firmly back on central bankers. "Monetary policy is extremely accommodative to the point that it may even be counterproductive in terms of negative...

  • Separately, Lew called on China to remain communicative regarding its plans and to communicate more in public as opposed to behind closed doors, and that Beijing could carry out its economic transition in an orderly way. He added that he believed China had the necessary policy tools to bolster domestic demand in support of that transition.

  • SHANGHAI, Feb 27- British finance minister George Osborne pushed to include the risk of Britain leaving the European Union onto the list of risks to the global economy agreed by financial leaders of the top 20 economies on Saturday, G20 officials said. British Prime Minister David Cameron negotiated a special status for Britain in the bloc last week to help...

  • SHANGHAI, Feb 27- Policymakers from the world's top economies said on Saturday that the world needs to look beyond easy monetary policy to provide balanced growth. In a joint communique issued at the end of the two-day conference of G20 central bankers and finance ministers in Shanghai, participants repeated previous pledges not to engage in competitive...

  • SHANGHAI, Feb 27- Chinese Finance Minister Lou Jiwei said on Saturday deepening structural reforms is the fundamental way to deal with challenges in the global economy, and China was willing to work with G20 countries to contribute to strong, sustainable, balanced global growth. In a statement at the end of a two-day meeting of finance ministers and central...

  • SHANGHAI, Feb 27- Financial leaders of the world's 20 biggest economies agreed to inform each other in advance about policy decisions that could lead to devaluations of their currencies, the chairman of euro zone finance ministers Jeroen Dijsselbloem said on Saturday. The decision was prompted by concerns among some of G20 financial leaders about the...

  • SHANGHAI, Feb 27- The world's top economies are set to declare on Saturday that they need to look beyond ultra-low interest rates and printing money if the global economy is to shake off its torpor, while promising a new focus on structural reform to spark activity. A draft of the communique to be issued by the Group of 20 finance ministers and central bankers at the...

  • SHANGHAI, Feb 27- A draft of the G20 communique seen by Reuters on Saturday says that monetary policy alone cannot bring balanced growth, as global finance leaders meet in Shanghai to try to agree on confidence-building measures for the world economy. The communique repeats previous pledges from G20 finance ministers not to engage in competitive currency...