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  • BEIJING, Nov 16- Chinese President Xi Jinping told G20 leaders meeting in Turkey that the world urgently needs to find new sources of economic growth, China's official news agency Xinhua reported on Monday. Xi told the G20 summit on Sunday that China was able to keep up medium to high economic growth and expects this year's growth to be around 7 percent, which would...

  • SHANGHAI, Nov 16- China's yuan weakened on Monday despite signs that it is almost certain to be included in the International Monetary Fund currency basket, as the dollar gained against major currencies. "The euro slipped after the Paris attacks and some investors turned to buy dollars," said a trader at a Chinese commercial bank in China. Even if was to be announced...

  • BELEK, Turkey, Nov 15- The BRICS group of emerging nations called on the Group of 20 top developed and developing nations on Sunday to strengthen their macroeconomic policy cooperation to prevent bad effects from a weak global economy and reduce risks to growth. Leaders of Brazil, Russia, India, China and South Africa, who met on the sidelines of the G20 summit in the...

  • BELEK, Turkey, Nov 14- Events such as the attacks in Paris made it crucial for the world's top economies to stand strong and enhance their solidarity when they meet at a summit this weekend in Turkey, China's Vice Finance Minister Zhu Guangyou said on Saturday. Leaders of the Group of 20 major economies, including the United States, China, Japan, Russia, Canada,...

  • WASHINGTON, Nov 13- China's yuan moved closer to joining other top global currencies in the International Monetary Fund's benchmark foreign exchange basket on Friday after Fund staff and IMF chief Christine Lagarde gave the move the thumbs up. "I support the staff's findings," she said in a statement immediately welcomed by China's central bank, which said it...

  • PRAGUE/ VIENNA, Nov 13- Eastern Europe's economies are likely to return to mild growth next year but downside risks have grown because of China's slowdown and Europe's refugee crisis, the International Monetary Fund said on Friday. The fund said in its semi-annual report that Russia would remain in recession in 2016, albeit a milder one than this year, while...

  • WASHINGTON, Nov 12- The U.S. In a report prepared for the upcoming Group of 20 meeting in Turkey, IMF staff said spare economic capacity and very low inflation justified keeping monetary policy loose in most major advanced economies. Increasing violence in the Middle East and Africa has driven waves of migrants into Europe, but neighboring countries such as...

  • IMF G20 PAPER SAYS ECONOMIC SLACK, VERY LOW INFLATION JUSTIFY CONTINUED MONETARY ACCOMMODATION IN MOST ADVANCED ECONOMIES.

  • GENEVA, Nov 11- China has served notice to World Trade Organization members including the European Union and United States that complaints about its cheap exports will need to meet a higher standard from December 2016, a Beijing envoy said at a WTO meeting. But the terms of China's membership stated that-- because it was not a "market economy"-- other countries did not...

  • *OPEC to meet Dec. 4 to decide on output. SINGAPORE, Nov 11- U.S. crude oil prices fell in Asian trading on Wednesday after industry data showed an increase in U.S. stockpiles, while fears that Japan's economy may have fallen into recession added to demand woes. The price drop came on the back of rising stocks in North America and slowing economies in Asia.

  • BEIJING, Nov 10- China is working with other countries to urge the United States to ratify IMF reforms, a central bank official said on Tuesday. The comments from Zhu Jun, Director-General of the International Department of People's Bank of China, was made at a briefing in Beijing ahead of President Xi Jinping's attendance at the G20 summit in Turkey and the APEC...

  • BRUSSELS, Nov 9- European Union ministers failed to agree on Monday on urgent measures that steelmakers are demanding to stem a flood of cheap imports from China after the loss of some 5,000 jobs in the sector in Europe in the past three months. Economy and industry ministers had gathered in Brussels at the request of Sajid Javid, business minister for Britain,...

  • PARIS, Nov 9- Global trade flows have fallen dangerously close to levels usually associated with a global recession, although actions taken by China and others should ensure a pick-up in 2016, the OECD said in a report on Monday. Federal Reserve should nevertheless go ahead with its first rate hike since the financial crisis as a recovery gains steam in the...

  • HONG KONG, Nov 9- China's economic growth is likely to slow to 6.5 percent next year and cool further to 6.2 percent in 2017, the OECD said, suggesting that policy makers will have their work cut out as the Asian giant adjusts to lower growth from its recent frenetic pace. The OECD, which expects China's economy to grow 6.8 percent this year, also noted that real...

  • BEIJING/ SHANGHAI, Nov 4- International Monetary Fund policymakers plan to meet in November to review whether to include the Chinese yuan in the Fund's reserve currency basket, but a specific date has not been set, the IMF said in a statement on Wednesday. China Business News, a respected domestic finance newspaper, said on its website that the IMF was pushing back...

  • EU'S TUSK, JUNKER TO PUSH FOR GLOBAL RESPONSE TO EUROPE'S REFUGEE CRISIS AT G20 MEETING THIS MONTH- LETTER TO OTHER EU LEADERS.

  • BEIJING/ SHANGHAI, Nov 4- The International Monetary Fund's Beijing office told Reuters no date had been set for reviewing whether to include the Chinese yuan in its reserve currency basket, responding to a report in local media that the review would be delayed. China Business News, a respected domestic finance newspaper, said on its website that the IMF was...

  • FACTBOX-What is the IMF's benchmark currency basket? Tuesday, 3 Nov 2015 | 9:07 PM ET

    WASHINGTON, Nov 4- International Monetary Fund policymakers are expected to decide this month whether to add China's yuan to the Fund's benchmark currency basket after a campaign by Beijing for inclusion. Joining the Special Drawing Rights basket would mark a symbolic coming of age for China as an economic power and an acknowledgement of its efforts to...

  • DIARY-Top Economic Events to Nov 7 Tuesday, 27 Oct 2015 | 8:01 PM ET

    WASHINGTON- International Monetary Fund Managing Director Christine Lagarde and U.S. economist Larry Summers discuss inequality- 2300 GMT. LONDON- Former Federal Reserve chief Ben Bernanke speaks at London School of Economics on his new book, "The Courage to Act: A Memoir of a Crisis and its Aftermath"- 1830 GMT. LONDON- Bank of England's Executive Director for...

  • UK economy slows more than expected in Q3 Tuesday, 27 Oct 2015 | 7:21 AM ET

    LONDON, Oct 27- LONDON, Oct 27- British economic growth slowed more than expected in the three months to September after the biggest fall in construction in three years, raising the chances that a period of rapid economic growth is coming to an end. Britain's economy was the fastest growing in the G7 group of advanced economies in 2013 and 2014, as it caught up some of...