World Economy Economic Organizations

  • LONDON, July 21- British retail sales suffered their sharpest monthly fall in six months in June, but stores said bad weather rather than Brexit was to blame, leaving open the question of how big a hit the vote to leave the European Union will deal to the economy. But the Office for National Statistics said retailers did not attribute the fall to the result of the June...

  • The European Union has been debating whether to grant China "market economy status" from December, which China says is its right 15 years after joining the World Trade Organization. China says this is discriminatory and, in any case, will breach WTO rules from Dec. 11, marking its 15 years in the organisation. Commission Vice-President Jyrki Katainen and Trade...

  • The European Union has been debating whether to grant China "market economy status" from December, which China says is its right 15 years after joining the World Trade Organization. China says this is discriminatory and, in any case, will breach WTO rules from Dec. 11, marking its 15 years in the organization. Commission Vice-President Jyrki Katainen and Trade...

  • *China likely to keep out of policy spotlight at meeting. SHANGHAI, July 21- Finance heads from the world's leading economies will confront fresh fears about protectionism when they meet in China this weekend, with Brexit fallout and dwindling policy options to boost global growth expected to dominate talks. The Group of 20 finance ministers and central...

  • BRUSSELS, July 20- The European Commission outlined on Wednesday a new way of assessing whether Chinese companies are exporting at unfairly low prices, as Beijing demands it no longer to be treated as a special case. The European Union has been debating whether to grant China "market economy status" from December, which Beijing says is its right 15 years after...

  • BRUSSELS, July 20- The European Commission outlined on Wednesday a new way of assessing whether Chinese companies are exporting at unfairly low prices, as Beijing demands it no longer to be treated as a special case. The European Union has been debating whether to grant China "market economy status" from December, which Beijing says is its right 15 years after...

  • BRUSSELS, July 20- The European Commission on Wednesday proposed a new way of assessing whether Chinese companies are exporting at unfairly low prices, as China demands it no longer to be treated as a special case. The European Union has been debating whether to grant China "market economy status" from December, which Beijing says is its right 15 years after...

  • BRUSSELS, July 20- The European Commission on Wednesday proposed a new way of assessing whether Chinese companies are exporting at unfairly low prices, as China demands it no longer to be treated as a special case. The European Union has been debating whether to grant China "market economy status" from December, which Beijing says is its right 15 years after...

  • BERLIN, July 20- Germany wants a message of stability to emerge from this weekend's G20 meeting in China, where Finance Minister Wolfgang Schaeuble will also meet his newly appointed British counterpart Philip Hammond to discuss Brexit, a senior government official in Berlin said on Wednesday. The Group of 20 finance ministers and central bankers will put the...

  • *China likely to keep out of policy spotlight at meeting. SHANGHAI, July 20- Finance heads from the world's leading economies will confront fresh fears about protectionism when they meet in China this weekend, with Brexit fallout and dwindling policy options to boost global growth expected to dominate talks. The Group of 20 finance ministers and central...

  • Investors' risk appetite, which has recovered rapidly from the Brexit shock late in June, received a sobering reminder after the International Monetary Fund cut its global growth forecasts for the next two years on Tuesday, citing uncertainty over Britain's looming exit from the European Union. Spreadbetters also saw a subdued start for European stocks,...

  • Asian stocks eased early on Wednesday after a record run on Wall Street showed signs of petering out. Global risk appetite, which has recovered rapidly from the Brexit shock late in June, received a sobering reminder after the International Monetary Fund cut its global growth forecasts for the next two years on Tuesday, citing uncertainty over Britain's...

  • The International Monetary Fund cut its global growth forecasts for the next two years, citing uncertainty over Britain's looming exit from the European Union. Even with the economic concerns triggered by Britain's recent vote, the S&P 500 and Dow have hit record highs in the past week. "There's enough uncertainty out there in a market that's done pretty well as...

  • WASHINGTON, July 19- Foreign exchange markets are not "disorderly" in the wake of Britain's vote to leave the European Union and there is no need for the Group of 20 major economies to broadly agree to tame them, the International Monetary Fund's chief economist said on Tuesday. A number of currencies have fallen sharply against the dollar since the June 23 EU...

  • The International Monetary Fund cut its global growth forecasts for the next two years, citing uncertainty over Britain's looming exit from the European Union. Even with the economic concerns triggered by Britain's recent vote, the S&P 500 and Dow have hit record highs in the past week. "There's enough uncertainty out there in a market that's done pretty well as...

  • LAGOS, July 19- Nigeria's economy, the biggest in Africa, is likely to contract by 1.8 percent this year, the International Monetary Fund said on Tuesday, as the country grapples with the impact of low oil prices. "In Nigeria, economic activity is now projected to contract in 2016, as the economy adjusts to foreign currency shortages as a result of lower oil receipts,...

  • BRUSSELS, July 19- Britain's economy may slip into recession next year following the vote to quit the European Union, the European Commission estimated on Tuesday in its first assessment of the economic impact of Brexit. Britain is expected to endure a "substantial slowdown" which will limit its economic growth to between 1.3 and 1.6 percent this year, lower than...

  • IMF SAYS REDUCTION IN OUTLOOK DUE TO UNCERTAINTY, REDUCED INVESTMENT CAUSED BY BRITAIN'S DEPARTURE FROM EUROPEAN UNION.

  • WASHINGTON, July 19- The International Monetary Fund cut its global growth forecasts for the next two years on Tuesday, citing uncertainty over Britain's looming exit from the European Union. The Fund said that despite recent improvements in Japan and Europe and a partial recovery in commodity prices, the UK's Brexit vote had created a "sizeable increase in...

  • IMF SAYS JAPAN 2016 GROWTH FORECAST CUT TO 0.3 PCT FROM 0.5 PCT PREVIOUSLY; IMPROVES 2017 OUTLOOK TO 0.1 PCT GROWTH FROM 0.1 PCT CONTRACTION.