World Economy Economic Organizations

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  • SHANGHAI, Feb 26- The world's financial leaders will meet in Shanghai starting on Friday to discuss ways to calm global markets and spur economic growth, and are likely to declare their readiness to take action if conditions worsen. Finance Minister Lou Jiwei and People's Bank of China Governor Zhou Xiaochuan will likely hammer home the message that Beijing...

  • SHANGHAI, Feb 25- The world's financial leaders are likely to declare readiness to take action if economic conditions worsen further in their joint communique at the G20 this weekend, an official with a European delegation to the summit said. Finance ministers and central bank governors of the G20 meet on Friday and Saturday in Shanghai under the Chinese...

  • *China fin min says yuan devaluation not on G20 agenda- media. *China vice finmin calls for greater market communication. Zhu Guangyao, vice finance minister, said that China would seek to keep the exchange rate stable while maintaining its current "managed float" regime.

  • *China vice finmin calls for greater market communication. SHANGHAI, Feb 25- China's leaders voiced support for the embattled domestic currency on Thursday, with the country's vice finance minister saying policymakers are committed to market transparency and aware of the impact their decisions have on other economies. Zhu Guangyao, vice finance minister...

  • SHANGHAI, Feb 25- China's yuan was flat against the dollar on Thursday as traders grew cautious ahead of a G20 meeting in Shanghai which is expected to discuss volatile currency and equity markets and signs of economic weakness throughout the world. The People's Bank of China set the midpoint rate at 6.5318 per dollar prior to the market open, weakening it for a...

  • *China vice finmin calls for greater market communication. SHANGHAI, Feb 25- Policymakers and industry leaders in China on Thursday flagged the need for improved market communication and currency stability in the country while also calling for greater global coordination to deal with economic challenges. The country's vice finance minister, Zhu Guangyao,...

  • "We do recognize the risk the global economy faces," said vice finance minister Zhu Guangyao at a conference held by the Institute of International Finance, referring to recent downgrading of global growth by the IMF and the World Bank and OECD.

  • WASHINGTON, Feb 24- The Group of 20 nations must plan now for a coordinated stimulus program to keep a slowing global economy from stalling, International Monetary Fund staff said in a report on Wednesday. The report was prepared for senior G20 officials who are meeting in Shanghai later this week amid falling equity markets, volatile currencies and signs of...

  • NIGERIA TO SHOW GDP GROWTH OF 3.2 PCT IN 2016, 4.9 PCT IN 2017- IMF.

  • BERLIN, Feb 24- Germany expects "intensive discussions" about the weaker global growth outlook at a meeting of G20 finance ministers in China this week, a senior German government official said on Wednesday, but believes European growth will stay steady. Despite the lowered outlook, Germany expects the moderate economic upswing to continue, especially in...

  • *China's economy and macro-management also in focus. SHANGHAI, Feb 24- Investors hoping for a grand plan from the world's top financial officials to stabilize shaky markets are set for disappointment, insiders say, when finance ministers and central bankers gather this week in Shanghai to discuss the troubled global economy. With divergent monetary policies...

  • LONDON, Feb 23- The bosses of a third of Britain's biggest companies warned on Tuesday that an exit from the European Union would put the economy at risk and threaten jobs. The letter, signed by 36 of the bosses of FTSE 100 companies, is likely to be seized on by Prime Minister David Cameron who is battling to persuade Britons to remain in the 28- member bloc in a June 23...

  • WASHINGTON, Feb 22- The United States will call on G20 countries this week to use fiscal policy in order to boost global demand, a senior U.S. Treasury Secretary Jack Lew, and central bank governors will meet on Feb. 26-27, with sagging global growth, divergent monetary policies and currency devaluations set to dominate the agenda. Lew has repeatedly called on China...

  • WASHINGTON, Feb 22- The United States will call on G20 countries to use all monetary and fiscal tools at their disposal in order to boost global demand, a senior U.S. That would lead to strengthened confidence and I would suspect reduce volatility, "the Treasury official said in a preview call with reporters ahead of a G20 meeting later this week in Shanghai, China.

  • LONDON, Feb 22- Emerging stocks rose 0.7 percent on Monday to extend last week's gains, tracking world equity markets higher on expectations of a policy action announcement from the G20 meeting this week. Credit Agricole's head of EM strategy Sebastien Barbe said gains were also due to oil prices staying above $30 a barrel. The Korean won rose 0.4 percent however...

  • SHANGHAI, Feb 22- China's yuan barely budged against the dollar on Monday as the central bank kept holding the line via a steady midpoint fixing. G20 finance ministers and central bank governors are due to meet on Feb. 26 and 27 to discuss issues including China's excess capacity, oil prices and global growth. While such briefings are common for hosts of G20...

  • LAGARDE SAYS IMF COMMITTED TO GOAL OF HELPING TO ENSURE GLOBAL ECONOMIC AND FINANCIAL STABILITY, INTERNATIONAL COOPERATION.

  • CARACAS, Feb 18- Venezuela's central bank on Thursday released long-awaited data showing the depth of the OPEC country's recession, a day after President Nicolas Maduro announced a package of measures seen as insufficient to salvage the unraveling economy. Venezuela's fuel- the world's cheapest- will be increased in price for the first time in nearly 20 years...

  • CARACAS, Feb 18- Venezuela's central bank on Thursday released long-awaited data showing the depth of the OPEC country's recession, a day after President Nicolas Maduro announced a package of measures seen as insufficient to salvage the unraveling economy. Venezuela's fuel- the world's cheapest- will be increased in price for the first time in nearly 20 years...

  • WASHINGTON, Feb 18- The World Bank said on Thursday it is making $150 million in financing immediately available to help combat the Zika virus outbreak in affected Latin American and Caribbean countries. Mexico and Cuba would take the worst hits by dollar value this year, it said, reducing their GDP by $744 million and $664 million, respectively, as it expects the...