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World Economy Economic Organizations

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  • BUENOS AIRES, June 15- Argentina said on Monday that annual inflation eased to 15.3 percent in May, although private economists put it much higher and suggest it could speed up later this year due to a splurge in public spending ahead of October's elections. The International Monetary Fund warned earlier this month that Argentina had not taken sufficient steps...

  • BODRUM, Turkey, June 15- The world's leading economies have narrowed down their commitments to boost global growth under a G20 plan and should be able to demonstrate progress by the end of Turkey's G20 presidency this year, a senior Turkish official said on Monday. "If we can achieve this goal in five years... we will be adding 2 trillion dollars to world economic...

  • *Failure in Greece talks hits shares in Europe and Asia. After weeks of minor ebbs and flows on the stop-start negotiations, bond markets across the euro zone signaled alarm that a deal may not be reached by mid-year, when Athens must repay 1.6 billion euros to the International Monetary Fund. Shares in Europe and Asia fell, led lower by banks.

  • WASHINGTON, June 12- A team from the International Monetary Fund is visiting China as part of the global lender's review over whether to include the Chinese yuan in its basket of currencies, an IMF official said on Friday. "As part of the review, an IMF team is visiting China to have technical discussions," the official said in an email. Beijing is pushing to get the yuan...

  • TREASURIES-U.S. bond prices steady on Greece worries Friday, 12 Jun 2015 | 3:14 PM ET

    NEW YORK, June 12- U.S. There remained no progress in Greece's negotiations with its lenders on a deal to avert default, a move that traders fear would roil global financial markets. With Athens owing the International Monetary Fund a 1.6 billion-euro payment at month's end, senior euro zone officials have formally discussed a Greek default for the first time,...

  • IMF angry at Greeks but frustrated at euro zone too Friday, 12 Jun 2015 | 12:42 PM ET

    WASHINGTON/ BRUSSELS, June 12- When the International Monetary Fund announced it had ordered its team home from stalled debt talks with Greece, the gesture of frustration was aimed chiefly at Athens but also at euro zone governments, sources familiar with the talks say. But by mentioning financing, the IMF also wanted to signal is exasperation at European...

  • LONDON, June 12- Yields on lower-rated euro zone bonds rose on Friday as the brinkmanship between Greece and its international creditors took yet another turn, dashing market hopes that a cash-for-reform deal was at hand. Investors re-discovered the safe-haven appeal of German Bunds after the International Monetary Fund walked out of talks with Greece and...

  • TREASURIES-U.S. bond prices rise on Greece concerns Friday, 12 Jun 2015 | 11:28 AM ET

    NEW YORK, June 12- U.S. With Athens owing the International Monetary Fund a 1.6 billion euro payment at month's end, senior euro zone officials have formally discussed a Greek default for the first time, several of them told Reuters. That's sending people for cover, "said Justin Hoogendoorn, fixed income strategist at BMO Capital Markets in Chicago.

  • ATHENS, June 12- Greece will auction 1.0 billion euros of three-month Treasury bills on June 17 to refinance maturing debt, its third sale of short-term treasury paper this month, the country's debt agency said on Friday. As it continues to wrangle with its euro zone backers and the International Monetary Fund to lighten the reforms they demand in return for...

  • MELBOURNE, June 12- London copper firmed a touch on Friday from near three month lows hit the session before, and was facing its fourth consecutive weekly fall as worsening economic indicators from top consumer China cast a pall over the demand outlook. *The International Monetary Fund dramatically raised the stakes in Greece's stalled debt talks on Thursday,...

  • *World Bank cuts world growth outlook to 2.8 pct from 3 pct. LONDON, June 11- Oil prices continued to decline on Thursday due to a stronger dollar and a gloomy economic forecast by the World Bank, while a bullish International Energy Agency report on global demand failed to dispel concerns over a supply glut. In its twice-yearly Global Economic Prospects report, the...

  • Kazakhstan to join WTO after 20 years of talks Thursday, 11 Jun 2015 | 7:04 AM ET

    GENEVA, June 11- Kazakhstan has completed the negotiations needed to join the World Trade Organization, the Geneva- based trade body said in a statement, and is on track to become the 162nd WTO member by the end of the year. Kazakhstan is part of the Eurasian Economic Union, a regional trade grouping that includes Russia, Armenia, Kyrgyzstan and Belarus and has common...

  • *World Bank cuts world growth outlook to 2.8 pct from 3 pct. LONDON, June 11- Oil prices fell on Thursday due to a stronger dollar and a gloomy economic outlook from the World Bank, while a bullish report about global demand from the International Energy Agency failed to dispel concerns about a supply glut. In its twice-yearly Global Economic Prospects report, the...

  • *World Bank cuts world growth outlook to 2.8 pct from 3 pct. LONDON, June 11- Oil prices steadied on Thursday as a bullish report from the International Energy Agency agency balanced a gloomy outlook from the World Bank, which cut its global economic growth forecast. But the market response was cautious after a downbeat assessment by the World Bank, which predicted...

  • *World Bank cuts world growth outlook to 2.8 pct from 3 pct. SINGAPORE, June 11- Crude oil futures fell on Thursday as the World Bank cut its global economic growth forecast, ending a two-day rally triggered by a sharp U.S. inventory drawdown. In its twice-yearly Global Economic Prospects report, the World Bank predicted the global economy would expand 2.8 percent...

  • Oil prices fall as World Bank cuts economic growth outlook Wednesday, 10 Jun 2015 | 11:09 PM ET

    *World Bank cuts world growth outlook to 2.8 pct from 3 pct. SINGAPORE, June 11- Crude oil futures fell early on Thursday as the World Bank cut its global economic growth forecast, ending a two-day rally triggered by a sharp U.S. inventory drawdown. In its twice-yearly Global Economic Prospects report, the World Bank predicted the global economy would expand 2.8...

  • SINGAPORE, June 11- U.S. crude futures fell early on Thursday as a cut in the World Bank's global growth outlook pulled them away from one-month highs, ending a two-day rally on a big U.S. stock drawdown. Front month U.S. crude had fallen 33 cents to $61.10 a barrel by 0032 GMT. *The World Bank predicted that India would be the fastest-growing major economy for the first...

  • WASHINGTON, June 10- The World Bank on Wednesday cut its global growth outlook for this year and urged countries to "fasten their seat belts" as they adjust to lower commodity prices and a looming rise in U.S. interest rates. "We at the World Bank have just switched on the seat belt sign," Basu said in a press conference in Washington. But the World Bank cut its 2015 growth...

  • MADRID, June 8- The International Monetary Fund on Monday increased its growth forecast for Spain in 2015 and 2016 to 3.1 percent and 2.5 percent from the 2.5 percent and 2 percent it forecast in April but warned the country against reversing unpopular reforms. Some investors have fretted that Spain could cool the pace of its reforms after the country's ruling...

  • MADRID, June 8- The International Monetary Fund on Monday increased its forecast for growth in Spain for 2015 and 2016 to 3.1 percent and 2.5 percent from the 2.5 percent and 2 percent it forecast in April. The IMF warned that Spain needed to make additional reforms since it was currently benefitting from lower oil prices, the depreciation of the euro and the...