World Economy Economic Organizations

  • 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...

  • DUBLIN, July 28- Ireland's economic recovery has been exceptional but is incomplete and now subject to large downside risks after Britain's vote to leave the European Union, the International Monetary Fund said on Thursday. Ireland's economy has bounced back rapidly since it left an IMF aid programme in 2013 but is considered more vulnerable than any other in...

  • The gathering followed hints about easing from the European Central Bank and the Bank of England, with expectations that the U.S. A survey on Monday showed business morale in Europe's biggest economy, Germany, fell in July, suggesting company executives have become less optimistic since Brexit. Commerzbank estimates Germany and Italy are scheduled to sell...

  • CHENGDU, China July 24- Global finance officials, jolted by growing anti-trade and economic nationalism movements behind Britain's vote to leave the European Union and Donald Trump's U.S. presidential campaign, are intensifying pledges for more "inclusive" growth. Certainly, the benefits of these efforts are unlikely to be seen quickly enough to influence...

  • CHENGDU, China, July 24- The world's biggest economies will work to support global growth and better share the benefits of trade, policymakers said on Sunday after a meeting dominated by the impact of Britain's exit from Europe and fears of rising protectionism. Philip Hammond, Britain's new finance minister, said the uncertainty about Brexit would begin to...

  • CHENGDU, China July 24- Global finance officials, jolted by growing anti-trade and economic nationalism movements behind Britain's vote to leave the European Union and Donald Trump's U.S. presidential campaign, are intensifying pledges for more "inclusive" growth. Certainly, the benefits of these efforts are unlikely to be seen quickly enough to influence...

  • CHENGDU, China July 24- Global finance officials, jolted by growing anti-trade and economic nationalism movements behind Britain's vote to leave the European Union and Donald Trump's U.S. presidential campaign, are intensifying pledges for more "inclusive" growth. Certainly, the benefits of these efforts are unlikely to be seen quickly enough to influence...

  • CHENGDU, China July 24- Global finance officials, jolted by growing anti-trade and economic nationalism movements behind Britain's vote to leave the European Union and Donald Trump's U.S. presidential campaign, are intensifying pledges for more "inclusive" growth. Certainly, the benefits of these efforts are unlikely to be seen quickly enough to influence...

  • CHENGDU, China July 24- Global finance officials, jolted by growing anti-trade and economic nationalism movements behind Britain's vote to leave the European Union and Donald Trump's U.S. presidential campaign, are intensifying pledges for more "inclusive" growth. Certainly, the benefits of these efforts are unlikely to be seen quickly enough to influence...