World Economy Economic Organizations

More

  • MUMBAI, Oct 19- India's central bank governor urged the International Monetary Fund on Monday to stop "sitting on the sidelines" and instead play an active role in questioning the easy money policies adopted by developed economies. Raghuram Rajan, a former chief economist of the IMF, said countries were putting these policies in place without consideration for...

  • DIARY-Top Economic Events to Oct 29 Thursday, 15 Oct 2015 | 8:01 PM ET

    MILAN, Italy- Italian Economy Minister Pier Carlo Padoan, European Bank for Reconstruction and Development President Suma Chakrabarti and World Bank Director General Sri Mulyani Indrawati speak at the Finance for Food conference in Milan. CHICAGO- The board of governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the...

  • *Uncertainty about Poland elections weighs on markets. LONDON, Oct 14- Having navigated China's troubles better than most emerging markets this year, central Europe now risks being pegged back by a few worries of its own. The immediate worry is Poland- the star European economic performer in recent years and the only European Union country to avoid recession...

  • *OPEC invites some non- OPEC members for Oct 21 meeting. SEOUL, Oct 14- Crude oil futures fell on Wednesday, extending two days of losses and rattled by concerns about oversupply and slowing demand, with China's economic growth likely to fall below 7 percent in the third quarter. Front-month Brent for November delivery was down 19 cents or 0.4 percent at $49.05 a...

  • *OPEC invites some non- OPEC members for Oct 21 meeting. SEOUL, Oct 14- Crude oil futures edged up on Wednesday, paring some losses in the previous session on an International Energy Agency report that said the market would remain oversupplied for at least another year. Front-month Brent for November delivery gained 7 cents to $49.31 a barrel as of 0458 GMT after it...

  • *OPEC invites some non- OPEC members for Oct 21 meeting. SEOUL, Oct 14- Crude oil futures traded largely unchanged on Wednesday after falling by just over one percent in the previous session on an International Energy Agency report that said the market would remain oversupplied for at least another year. Front-month Brent for November delivery rose 10 cents or...

  • SHANGHAI, Oct 12- Now is not the right time for the United States to raise interest rates, given the global economic situation, China's Finance Minister Lou Jiwei said in an interview published in the China Business News on Monday. Speaking on the sidelines of the annual meeting of the World Bank and International Monetary Fund in Lima, Lou said developed...

  • LIMA, Oct 10- Brazilian Finance Minister Joaquim Levy told Reuters on Saturday that President Dilma Rousseff backed his policies, and he intends to stay on the job as long as needed to put the books in order and pull the economy out of its slump. "She has manifested her support with actions," Levy said on the sidelines of the International Monetary Fund annual...

  • LIMA, Oct 10- Switzerland's central bank sees a low risk of a negative price and wage spiral and is hopeful that a recent "slight" depreciation in the currency will continue,. In an interview on the sidelines of International Monetary Fund meetings in Lima, SNB Chairman Thomas Jordan repeated a pledge to keep interest rates in negative territory and intervene in...

  • LIMA, Oct 10- Bank of Canada Governor Stephen Poloz painted a reasonably cheery picture on Saturday of the Canadian and global economic outlook despite some downgraded forecasts and concerns about China. He said it was "maybe an overstatement" to characterize as gloomy the forecasts by the International Monetary Fund and the talk about them at the annual...

  • LIMA, Oct 10- Bank of Canada Governor Stephen Poloz painted a reasonably cheery picture on Saturday of the Canadian and global economic outlook despite some downgraded forecasts and concerns about China. He said it was "maybe an overstatement" to characterize as gloomy the forecasts by the International Monetary Fund and the talk about them at the annual...

  • LONDON, Oct 10- Calls for central banks in advanced economies to raise interest rates to discourage investors building up leverage in emerging market assets could be misguided, a deputy governor of the Bank of England said on Saturday. Speaking at a panel at the International Monetary Fund conference in Lima, she said it was preferable to use macroprudential...

  • LIMA, Oct 8- Central banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing China are major risks, top international financiers told the International Monetary Fund's meeting. Federal Reserve and the Bank of England, are holding their fire. For both the Fed and the Bank of England,...

  • DIARY-Top Economic Events to Oct 21 Thursday, 8 Oct 2015 | 8:01 PM ET

    LIMA- World Bank holds a discussion on " Unleashing Private Investment in Renewable Energy"- 1600 GMT. LIMA- IMF/World Bank discussion on "Combating Illicit Financial Flows: Turning Commitments into Action"- 1600 GMT. LIMA- IMF/World Bank discussion on "Structural Reforms, Inequality, and Growth"- 1630 GMT.

  • "The exact timing of the Fed move is not decisive for the timing of the move by the Bank of England," Carney said in a seminar at the annual meeting of the International Monetary Fund. Carney made the point that in the five rate cycles since Britain adopted inflation targeting, the Bank of England moved before the Fed in two of them. Asked if the market was right in...

  • UPDATE 1-IMF's Lagarde sees tough policy trade-offs Thursday, 8 Oct 2015 | 1:20 PM ET

    LIMA, Oct 8- International Monetary Fund chief Christine Lagarde urged global policymakers on Thursday to support economic growth while also tackling financial risks stemming from the provision of easy money amid a "rapidly changing and uncertain world." Lagarde, presenting a Global Policy Agenda at the fund's annual meeting in Peru, said a recovery in the...

  • New IMF forecasts this week saw no change to the Fund's projections on China. "I think the probability of a major decrease in growth in China is small." The IMF's forecast of 6.8 percent growth this year in China and 6.3 percent in 2016 stuck out in a week in which U.S. bank Citi's renowned economist Willem Buiter suggested the world economy could be pulled into a...

  • IMF's Lagarde sees tough policy trade-offs Thursday, 8 Oct 2015 | 10:00 AM ET

    LIMA, Oct 8- International Monetary Fund chief Christine Lagarde urged global policymakers on Thursday to support economic growth while also tackling financial risks stemming from the provision of easy money amid a "rapidly changing and uncertain world." Lagarde, presenting a Global Policy Agenda at the fund's annual meeting in Peru, said a recovery in the...

  • GROWTH MODERATING IN MOST BIG ECONOMIES- U.S., UK, JAPAN AND MORE MARKEDLY IN CHINA- OECD LEADING INDICATOR-.

  • Most major economies weakening, eurozone stable -OECD Thursday, 8 Oct 2015 | 6:00 AM ET

    PARIS, Oct 8- Growth seems to be easing off in most of the world's major economies, including the United States and more notably in China, the Paris- based Organisation for Economic Co-operation and Development said on Thursday. However, the euro zone was stable, with growth actually firming up in euro zone countries France and Italy, and also in India.