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World Economy Economic Organizations

  • Without the deal, no new loans can be disbursed to Athens, even though the bailout is now handled only by euro zone governments, and Greece needs new credit to repay some 7.3 billion euros worth of maturing loans in July. Without the loans, Athens is likely to default- a bad start for a country that wants to return to market financing next year when its latest bailout,...

  • MOSCOW, May 19- The International Monetary Fund improved its forecast for Russia's economic growth this year to 1.4 percent, saying easier financial conditions and higher oil prices would help drive a recovery, a regular IMF report showed on Friday. The Fund, which in October forecast the economy would grow by 1.1 percent this year, said Russia was exiting a...

  • *The Veneto banks expect to book fresh loan writedowns. MILAN, May 17- Italian regional lenders Popolare di Vicenza and Veneto Banca may need to raise capital privately to cover loan losses to win European Union approval for a state bailout they have requested, six sources familiar with the matter said on Wednesday. But having failed to raise funds on the market...

  • President Donald Trump's administration to tell Congress early next week of plans to renegotiate the North American Free Trade Agreement, a move that would produce talks by late August. "Probably the notification will be sent to Congress by the U.S. executive at some time early next week," Guajardo told Mexican media on Tuesday a day after meetings in Washington...

  • President Donald Trump's administration to tell Congress early next week of plans to renegotiate the North American Free Trade Agreement, a move that would produce talks by late August. During the 2016 U.S. election campaign, Trump vowed to scrap the 1994 deal between the United States, Canada and Mexico if he cannot adjust it to benefit U.S. interests.

  • *Latest round of talks will continue- Mexico sugar chamber. MEXICO CITY, May 15- U.S. Ross and Mexican Economy Minister Ildefonso Guajardo agreed to continue "open dialogue" over the coming days, Mexico's economy ministry said in a statement, but it was unclear when the delegations would next meet.

  • *IMF report urges Germany to tackle economic imbalances. *FinMin Schaeuble says Germany already investing enough. BERLIN, May 15- Germany should use its rising tax revenues to invest in infrastructure projects that will enhance its growth potential, and encourage employers to raise wages to help lift euro zone inflation, the International Monetary Fund said...

  • BERLIN, May 15- Germany should use its rising tax revenues to invest in infrastructure projects that will enhance its growth potential, and encourage employers to raise wages to help lift euro zone inflation, the International Monetary Fund said on Monday. The IMF recommendations run counter to the thinking of Finance Minister Wolfgang Schaeuble, who last...

  • SAO PAULO, May 12- Brazilian stocks rose on Friday for the fourth straight day as Petroleo Brasileiro SA shares hit an 11- week high after the state-controlled oil company reported its strongest operating profit ever. In Mexico, Economy Minister Ildefonso Guajardo said he expected negotiations on the North American Free Trade Agreement with the United...

  • BARI, Italy, May 12- G7 finance officials have raised concerns about risks to global growth from the Trump administration's policy proposals including tax reform, a senior U.S. Finance ministers from the Group of Seven- the United States, Canada, Japan, France, Germany, Italy and Britain- are holding two days of talks on the global economy, taxation and terrorist...

  • BARI, Italy, May 12- The International Monetary Fund and euro zone government lenders need more time to reach an agreement on debt relief for Greece because the euro zone is still not sufficiently clear in its intentions, IMF chief Christine Lagarde said on Friday. Top euro zone officials and Lagarde met on Friday on the sidelines of a G7 finance ministers meeting...

  • BARI, Italy, May 11- Top euro zone and International Monetary Fund officials will discuss debt relief for Greece early on Friday, on the sidelines of a meeting of G7 finance ministers and central bankers in the Italian city of Bari, officials said. The meeting is to help determine how euro zone lenders, who hold half of Greek public debt, should firm up their...

  • BRUSSELS, May 11- The European Union and China will hold a summit in Brussels on June 2, four EU officials said, the first since the election of U.S. China asked that the annual the summit, normally held in mid-July, be brought forward to press home President Xi Jinping's defence of open trade at the World Economic Forum in Davos in January, in response to Trump's...

  • *Asia to face demographic tax, not dividends- IMF. *Asia demographics to subtract from global growth. TOKYO, May 9- The International Monetary Fund called on Asian economies to learn from Japan's experience and act early to cope with rapidly aging populations, warning that parts of the region risk "getting old before becoming rich."

  • *Asia to face demographic tax, not dividends- IMF. *Asia demographics to subtract from global growth. TOKYO, May 9- The International Monetary Fund called on Asian economies to learn from Japan's experience and act early to cope with rapidly ageing populations, warning that parts of the region risk "getting old before becoming rich."

  • **YOKOHAMA, Japan- Bank of Japan Governor Haruhiko Kuroda and Philippines Central Bank Governor Tetangco speak at a roundtable hosted by Asian Development Bank and Bank of Japan- 0700 GMT. TOKYO Bank of Japan Governor Kuroda, Philippines Central Bank Governor Tetangco will speak at a roundtable hosted by Asian Development Bank and Bank of Japan 0700 GMT.

  • **YOKOHAMA, Japan- Bank of Japan Governor Haruhiko Kuroda and Philippines Central Bank Governor Tetangco speak at a roundtable hosted by Asian Development Bank and Bank of Japan- 0700 GMT. TOKYO Bank of Japan Governor Kuroda, Philippines Central Bank Governor Tetangco will speak at a roundtable hosted by Asian Development Bank and Bank of Japan 0700 GMT.

  • BERLIN, May 4- Greece's international lenders are preparing possible debt relief measures for Athens for discussion by euro zone finance ministers, the German business daily Handelsblatt reported on Thursday. The European Commission, the ESM euro zone rescue fund, the European Central Bank and the International Monetary Fund have prepared various debt...

  • *Greece wants debt relief specifics by May 22 Eurogroup meeting. ATHENS, May 4- Prime Minister Alexis Tsipras called on Greece's international lenders on Thursday to reach an agreement on easing its debt burden by May 22, when euro zone finance ministers meet in Brussels to discuss the bailout progress. The European Union and the International Monetary Fund,...

  • *Canadian dollar at C $1.3717, or 72.90 U.S. cents. In contrast, recent strength in the Canadian economy has been overshadowed by U.S. tariffs on Canadian softwood lumber, a more uncertain outlook for the North American Free Trade Agreement and lower prices for oil, one of Canada's major exports. Also, the funding crisis at mortgage lender Home Capital may spark a...