World Economy Economic Organizations

  • CAIRO, Nov 9- Egypt's newly floated pound strengthened on Wednesday after the International Monetary Fund indicated it would approve a $12 billion loan deal the government hopes will help avert an economic crisis. Egypt has said it expects to receive the first $2.75 billion installment from the IMF as early as next week, bringing fresh dollar inflows into the...

  • MOSCOW, Nov 9- Russia's economic outlook has improved and the commodity-dependent economy is set to return to growth as soon as next year, the World Bank said on Wednesday. "This growth upsurge, however, is unlikely to turn the tide in terms of building a more diversified economy," the World Bank said in a regular report. Adding a note of caution, the World Bank said...

  • *OPEC poses downside risk if it fails to reach output deal. Growing demand for the $1.2 trillion U.S. Treasury Inflation Protected Securities sector is also underpinned by remarks from Federal Reserve Chair Janet Yellen in October on managing a "high-pressure economy," which gave rise to the view the U.S. central bank would allow inflation to run above its 2...

  • BERLIN, Nov 5- German Economy Minister Sigmar Gabriel on Saturday urged a resumption of long-stalled efforts to negotiate a global free accord, warning that the proliferation of bilateral trade deals could lead to varying standards and rules. "The best thing would be an agreement under the auspices of the World Trade Organisation," Gabriel said during a...

  • DAKAR, Nov 4- In a report last week detailing sub-Saharan Africa's dire economic outlook, the International Monetary Fund singled out Senegal as a rare bright spot. Today, however, Senegal is on the verge of its own oil and gas boom. Already, claims of corruption and opacity in the government's managing of the nascent sector have raised concerns in Senegal, one of...

  • *Egypt struggling to earn dollars since 2011 uprising. CAIRO, Nov 3- Egypt floated its currency on Thursday and said it would make a final push to secure a $12 billion IMF loan within days as it seeks to overhaul its dollar-starved economy and unlock foreign investment. Egypt initially devalued the pound by about a third early on Thursday, taking it from its...

  • Egypt's blue chip equity index soared 8.3 percent and sovereign dollar bonds rallied as much as 2 cents across the curve after the central bank devalued the pound by around a third and raised interest rates by 300 basis points. A floating currency was a key plank of an International Monetary Fund aid programme and the fund has said a $12 billion loan programme...

  • Officials had until Sunday to upload details of their assets and income in 2015 to a publicly searchable database, part of an International Monetary Fund- backed drive to boost transparency and modernise Ukraine's recession-hit economy. The database also shows that Groysman, a former businessman and provincial mayor, is not alone in preferring to keep much...

  • Officials had until Sunday to upload details of their assets and income in 2015 to a publicly searchable database, part of an International Monetary Fund- backed drive to boost transparency and modernize Ukraine's recession-hit economy. The database also shows that Groysman, a former businessman and provincial mayor, is not alone in preferring to keep much...

  • Officials had until Sunday to upload details of their assets and income in 2015 to a publicly searchable database, part of an International Monetary Fund- backed drive to boost transparency and modernize Ukraine's recession-hit economy. The database also shows that Groysman, a former businessman and provincial mayor, is not alone in preferring to keep much...

  • Officials had until Sunday to upload details of their assets and income in 2015 to a publicly searchable database, part of an International Monetary Fund- backed drive to boost transparency and modernise Ukraine's recession-hit economy. The database also shows that Groysman, a former businessman and provincial mayor, is not alone in preferring to keep much...

  • Officials had until Sunday to upload details of their assets and income in 2015 to a publicly searchable database, part of an International Monetary Fund- backed drive to boost transparency and modernise Ukraine's recession-hit economy. The database also shows that Groysman, a former businessman and provincial mayor, is not alone in preferring to keep much...

  • BEIJING, Oct 27- Profit growth in China's industrial firms slowed sharply as some key manufacturing sectors stumbled on weak activity and rising debt, suggesting the world's second-biggest economy remains underpowered despite emerging signs of stability. China's debt has soared to 250 percent of GDP and the Bank for International Settlements warned in...

  • NAIROBI, Oct 25- African exporters of oil and commodities should remove subsidies and boost taxes to weather their slowest growth in more than two decades, the International Monetary Fund said on Tuesday. The Washington- based fund cut its 2016 growth forecast for Sub-Saharan Africa to 1.4 percent, from 3 percent in May, as economies from Nigeria to Zambia reel...

  • WASHINGTON, Oct 24- The International Monetary Fund said on Monday it will wait until Spain's conservative leader forms a new cabinet before completing its annual review of the country's economic policies. The move follows a decision on Sunday by Spain's center-left Socialists to end a political deadlock by agreeing to abstain in a looming confidence vote,...

  • BRUSSELS, Oct 23- The European Union has given Belgium until late on Monday to overcome opposition to a free trade deal with Canada from its French-speaking region or a summit to sign the pact that could boost both economies is off, EU sources said on Sunday. "We now hope that Belgium will bring this matter to a successful close." Canada, the EU's 12th- largest trading...

  • BRUSSELS, Oct 23- The European Union has given Belgium until late on Monday to overcome opposition to a free trade deal with Canada from its French-speaking region or a summit to sign the pact that could boost both economies is off, EU sources said on Sunday. Canada, the EU's 12th- largest trading partner, says it is ready to sign the pact as planned on Thursday and...

  • BRUSSELS, Oct 23- The European Union has given Belgium until late on Monday to overcome opposition to a free trade deal with Canada from its French-speaking region or a summit to sign the pact that could boost both economies is off, EU sources said on Sunday. EU trade negotiators are rushing to assuage the Walloon government's concerns before the Monday deadline...

  • BRUSSELS, Oct 23- The European Union has given Belgium until late on Monday to overcome opposition to a free trade deal with Canada from its French-speaking region or a summit to sign the pact that could boost both economies is off, EU sources said on Sunday. Canada says it is ready to sign the pact as planned on Thursday and year-long negotiations were over, with...

  • *Monday is provisional deadline for Canada. BRUSSELS, Oct 22- Canada said on Saturday it was up to the European Union to save a free trade deal that could boost both economies but that cannot be signed as planned next week due to opposition from Belgium's French-speaking region. Canadian trade minister Chrystia Freeland said Canada was still ready to sign the...