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World Economy Economic Organizations

  • DAVOS, Switzerland, Jan 19- Finance minister Philip Hammond warned the European Union on Thursday that Britain would be forced to find different ways to remain competitive if there was no "comprehensive trading relationship" after Brexit. At the World Economic Forum in Davos, Switzerland, Hammond stuck closely to the government's script that Britain wants to...

  • CAIRO, Jan 18- Egypt is on track to receive the second tranche of a $12 billion three-year loan from the International Monetary Fund pending a visit in the end of February to review progress on its economic reform programme, the Fund said on Wednesday. Egypt will scrap its remaining caps on transfers and deposits of foreign currency by the end of June and overhaul...

  • *OPEC output falls 221,000 bpd in December, led by Saudi, Nigeria. *Says early signs on non- OPEC compliance with oil cuts positive. "A continued normalisation of monetary policies, indicating improving economic conditions, together with the recent historic cooperation between OPEC and non- OPEC producers, should help to bring needed stability to the oil market,"...

  • CAIRO, Jan 18- Egypt will scrap its remaining caps on transfers and deposits of foreign currency by the end of June and overhaul its oil sector as part of ambitious efforts to reform the economy under an IMF agreement, the details of which were released on Wednesday. The International Monetary Fund approved the three-year programme with Egypt in November,...

  • WASHINGTON, Jan 18- Renegotiation of the North American Free Trade Agreement with Canada and Mexico will be the Trump administration's first trade priority, U.S. Ross also told the U.S. Senate Commerce, Science and Transportation Committee that China was the "most protectionist" country among large economies. Trump has leveled criticism at both NAFTA and...

  • *OPEC output falls 221,000 bpd in December, led by Saudi, Nigeria. *Says early signs on non- OPEC compliance with oil cuts positive. "A continued normalisation of monetary policies, indicating improving economic conditions, together with the recent historic cooperation between OPEC and non- OPEC producers, should help to bring needed stability to the oil market,"...

  • NAIROBI, Jan 17- Kenya's economy will expand by 6 percent this year, a senior Treasury official said on Tuesday, brushing off concerns outside government that sluggish credit lending and investor uncertainty ahead of a presidential election would slow growth. On Monday the International Monetary Fund cautioned that growth was likely to decelerate this year...

  • WASHINGTON, Jan 16- The International Monetary Fund on Monday said the U.S. economy would grow faster than previously expected in 2017 and 2018 based on the incoming Trump administration's tax and spending plans, but it kept its global growth forecasts unchanged due to weakness in some emerging markets. It estimated a modest fiscal stimulus under...

  • IMF FORECASTS 2017 GLOBAL GROWTH AT 3.4 PCT, 2018 GROWTH AT 3.6 PCT, BOTH UNCHANGED FROM OCTOBER FORECASTS.

  • BEIJING, Jan 16- The International Monetary Fund on Monday raised its forecast for China's economic growth this year by 0.3 percentage points to 6.5 percent, on expectations of continued policy stimulus. China's corporate debt has climbed to 169 percent of GDP and international institutions have repeatedly urged Beijing to act quickly to tackle the problem...

  • WASHINGTON, Jan 16- The International Monetary Fund on Monday lifted its forecast for U.S. economic growth in 2017 and 2018 based on President-elect Donald Trump's tax cut and spending plans, but said this would largely be offset by weaker growth in several key emerging markets. The United States will see a slight 0.1 percentage-point improvement in 2017 gross...

  • NAIROBI, Jan 16- Kenya's economic growth rate will slow in 2017, from about 6 percent last year, due to sluggish credit growth and as investors take a wait-and-see attitude before a presidential election in August, a senior IMF official said on Monday. Armando Morales, the International Monetary Fund's representative in Kenya, said growth is likely to remain...

  • NAIROBI, Jan 16- Kenya's economic growth rate will slow in 2017, from about 6 percent last year, due to sluggish credit growth and as investors take a wait-and-see attitude before a presidential election in August, a senior IMF official said on Monday. Armando Morales, the International Monetary Fund's representative in Kenya, said growth is likely to remain...

  • VIENNA- Austria Central Bank Governor Ewald Nowotny to speak at event "Risks and Returns: Managing Financial Trade-Offs for Inclusive Growth in Europe and Central Asia" with World Bank officials. VIENNA- Austrian Finance Minister Hans Joerg Schelling to speak about 2017 economy and fiscal issues- 0930 GMT. VIENNA- ECB Governing Council Member Ewald Nowotny...

  • *Libya's oil production up to 750,000 bpd- deputy PM. NEW YORK, Jan 13- Oil prices fell on Friday and ended the week 3 percent lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the economic health of the world's second-largest oil consumer, China, after it reported the steepest falls in overall exports since 2009..

  • *Many analysts expect OPEC cut compliance of 50-80 pct. NEW YORK, Jan 13- Oil prices fell on Friday and were on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the economic health of the world's second-largest oil consumer, China, after it reported the steepest falls in overall exports since 2009..

  • *Many analysts expect OPEC cut compliance of 50-80 pct. NEW YORK, Jan 13- Oil prices fell on Friday and were on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the economic health of the world's second-largest oil consumer China after it reported the steepest falls in overall exports since 2009..

  • *Saudi Arabia says output has fallen below 10 million bpd. *China's December crude imports hit record 8.56 million bpd. LONDON, Jan 13- Oil prices are on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy after it reported the steepest falls in exports since 2009..

  • *Saudi Arabia says output has fallen below 10 million bpd. *China's December crude imports hit record 8.56 million bpd. LONDON, Jan 13- Oil prices are on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy after it reported the steepest falls in exports since 2009..

  • The complaint, which seeks consultations with Beijing on the matter, is likely to add to rising trade tension between the world's two largest economies as President-elect Donald Trump prepares to take office next week with pledges to reduce U.S. trade deficits with China as a top priority. Trade Representative's office said the complaint says China's...