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  • The International Monetary Fund is likely to revise downwards its estimates for global economic growth due to slower growth in emerging economies, IMF head Christine Lagarde said in a newspaper interview. In line with bearish sentiment, Brent crude futures were down almost 1 percent, or 45 cents, at $48.15 per barrel at 0138 GMT. Crude futures are now down over 10...

  • SINGAPORE, Sept 28- Oil prices dropped in early trading in Asia on Monday despite a fourth weekly fall in U.S. drilling activity, with analysts pointing to the weak economic outlook as the main reason for low crude prices. The International Monetary Fund is likely to revise downwards its estimates for global economic growth due to slower growth in emerging...

  • FRANKFURT, Sept 24- Low interest rates and heightened volatility in emerging markets have become key risks for Europe's financial stability, a European Union watchdog said on Thursday. The Bank of England, for example, introduced a limit last year on how much most people can borrow to buy a home. The ESRB, which is chaired by European Central Bank President Mario...

  • LONDON, Sept 24- France is willing to help Britain's push to reform the European Union ahead of a referendum on the country's membership of the bloc, but remains unsure about some key British proposals, French economy minister Emmanuel Macron said on Thursday. Britain's Conservative government has promised a vote on EU membership before the end of 2017. Prime...

  • LONDON, Sept 24- French economy minister Emmanuel Macron said France was willing to help Britain's push to reform the European Union ahead of a referendum on the country's membership of the bloc, but he remained unsure about some British proposals.

  • IMF approves $39.7 mln for Jamaica after review Wednesday, 23 Sep 2015 | 5:51 PM ET

    WASHINGTON, Sept 23- The International Monetary Fund on Wednesday approved an extra $39.7 million for Jamaica, the international lender said after a review of the country's support arrangement. IMF Deputy Managing Director Min Zhu said Jamaican authorities remained committed to the economic program supported by the Extended Fund Facility and structural...

  • WASHINGTON, Sept 22- Downside risks to global growth have increased and the weak economic outlook will make achieving world development goals more difficult than in the past, the head of the International Monetary Fund said on Tuesday. IMF Managing Director Christine Lagarde said she hoped world leaders would adopt a United Nations agenda for sustainable...

  • JAKARTA, Sept 22- Indonesia will borrow $4.2 billion in multilateral loans from the World Bank and Asian Development Bank to cover a widening budget deficit, a finance ministry official said on Tuesday. Siahaan said the loans would strengthen forex reserves, which the central bank said fell to $103 billion this week. Indonesia will issue around 500 trillion...

  • DIARY-Emerging Markets Economic Events to Oct 5 Monday, 21 Sep 2015 | 8:02 PM ET

    WASHINGTON- International Monetary Fund Managing Director Christine Lagarde will speak at the Brookings Institute- 1530 GMT. German Finance Minister Wolfgang Schauble, Luxembourg Finance Minister Pierre Gramegna, Polish Finance Minister Mateusz Szczurek and European Commission President Jean-Claude Juncker are the key speakers.

  • DIARY-Top Economic Events to Oct 5 Monday, 21 Sep 2015 | 8:01 PM ET

    WASHINGTON- International Monetary Fund Managing Director Christine Lagarde will speak at the Brookings Institute- 1530 GMT. German Finance Minister Wolfgang Schauble, Luxembourg Finance Minister Pierre Gramegna, Polish Finance Minister Mateusz Szczurek and European Commission President Jean-Claude Juncker are key speakers. MONTGOMERY, United...

  • *OPEC member Kuwait says oil market will rebalance. The bearish sentiment sent European stock markets sharply lower on Friday, with London's FTSE 100 and Frankfurt's Dax down 1.4-2.8 percent. Brent crude was down 65 cents at $48.43 a barrel at 1230 GMT, after touching an intraday high of $49.75.

  • *OPEC member Kuwait says oil market will rebalance. *Iran plans oil contract announcements in coming weeks. Brent crude was down 15 cents at $48.93 a barrel at 1100 GMT, after touching an intraday high of $49.75.

  • *OPEC member Kuwait says oil market will rebalance. "The price decline is partly due to the U.S. stock market performance last night and partly due to the generally bearish fundamental picture," said Tamas Varga, oil analyst at brokerage PVM Oil Associates in London. Other sources at OPEC backed this view, saying they expected oil prices to rise by no more than $5 a...

  • LIMA, Sept 17- Latin America is in a weaker position now to respond to external economic shocks than in 2008 at the height of the financial crisis because of higher debt and declining growth potential, an International Monetary Fund official said on Thursday. Werner said Brazil, Mexico and Colombia should build on recent reforms, and Chile and Peru should...

  • RIYADH, Sept 9- The International Monetary Fund has urged Saudi Arabia to reduce domestic energy subsidies and its public sector wage bill as the world's top oil exporter wrestles with plunging crude prices. Oil prices fell to a more than six-year low near $42 a barrel last month, while Saudi government spending increased after the king ordered bonus salary...

  • WASHINGTON, Sept 8- A debt deal between Ukraine and creditors marks a way forward and the United States expects the International Monetary Fund and international community to keep supporting the country, a senior U.S. The official, who asked not to be named in order to speak freely, said the IMF, the United States and other advanced economies were committed to...

  • WASHINGTON, Sept 8- The U.S. Federal Reserve should hold off on raising interest rates until the global economy is more stable, the World Bank's chief economist said in an interview with the Financial Times published on Tuesday. "I don't think the Fed lift-off itself is going to create a major crisis but it will cause some immediate turbulence," Kaushik Basu was...

  • PARIS, Sept 8- China's economy is losing steam and other big emerging market economies such as Brazil and Russia are also showing signs of weakness, the Paris- based Organisation for Economic Co-operation and Development said on Tuesday. While growth in the euro zone looks stable, it seems to be tapering in the U.S., UK and Canadian economies, albeit from relatively...

  • KIEV, Sept 6- International Monetary Fund chief Christine Lagarde on Sunday lauded Ukraine's economic progress and urged its creditors to join in a deal to restructure $18 billion of its sovereign and quasi-sovereign debt. Speaking in Kiev alongside Ukrainian President Petro Poroshenko, Lagarde said Ukraine had "surprised the world" by its achievements, and...