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World Economy Economic Organizations

  • *Egypt struggling to earn dollars since 2011 uprising. CAIRO, Nov 3- Egypt floated its currency on Thursday and said it would make a final push to secure a $12 billion IMF loan within days as it seeks to overhaul its dollar-starved economy and unlock foreign investment. Egypt initially devalued the pound by about a third early on Thursday, taking it from its...

  • Egypt's blue chip equity index soared 8.3 percent and sovereign dollar bonds rallied as much as 2 cents across the curve after the central bank devalued the pound by around a third and raised interest rates by 300 basis points. A floating currency was a key plank of an International Monetary Fund aid programme and the fund has said a $12 billion loan programme...

  • Officials had until Sunday to upload details of their assets and income in 2015 to a publicly searchable database, part of an International Monetary Fund- backed drive to boost transparency and modernise Ukraine's recession-hit economy. The database also shows that Groysman, a former businessman and provincial mayor, is not alone in preferring to keep much...

  • Officials had until Sunday to upload details of their assets and income in 2015 to a publicly searchable database, part of an International Monetary Fund- backed drive to boost transparency and modernize Ukraine's recession-hit economy. The database also shows that Groysman, a former businessman and provincial mayor, is not alone in preferring to keep much...

  • Officials had until Sunday to upload details of their assets and income in 2015 to a publicly searchable database, part of an International Monetary Fund- backed drive to boost transparency and modernize Ukraine's recession-hit economy. The database also shows that Groysman, a former businessman and provincial mayor, is not alone in preferring to keep much...

  • Officials had until Sunday to upload details of their assets and income in 2015 to a publicly searchable database, part of an International Monetary Fund- backed drive to boost transparency and modernise Ukraine's recession-hit economy. The database also shows that Groysman, a former businessman and provincial mayor, is not alone in preferring to keep much...

  • Officials had until Sunday to upload details of their assets and income in 2015 to a publicly searchable database, part of an International Monetary Fund- backed drive to boost transparency and modernise Ukraine's recession-hit economy. The database also shows that Groysman, a former businessman and provincial mayor, is not alone in preferring to keep much...

  • BEIJING, Oct 27- Profit growth in China's industrial firms slowed sharply as some key manufacturing sectors stumbled on weak activity and rising debt, suggesting the world's second-biggest economy remains underpowered despite emerging signs of stability. China's debt has soared to 250 percent of GDP and the Bank for International Settlements warned in...

  • NAIROBI, Oct 25- African exporters of oil and commodities should remove subsidies and boost taxes to weather their slowest growth in more than two decades, the International Monetary Fund said on Tuesday. The Washington- based fund cut its 2016 growth forecast for Sub-Saharan Africa to 1.4 percent, from 3 percent in May, as economies from Nigeria to Zambia reel...

  • WASHINGTON, Oct 24- The International Monetary Fund said on Monday it will wait until Spain's conservative leader forms a new cabinet before completing its annual review of the country's economic policies. The move follows a decision on Sunday by Spain's center-left Socialists to end a political deadlock by agreeing to abstain in a looming confidence vote,...

  • BRUSSELS, Oct 23- The European Union has given Belgium until late on Monday to overcome opposition to a free trade deal with Canada from its French-speaking region or a summit to sign the pact that could boost both economies is off, EU sources said on Sunday. "We now hope that Belgium will bring this matter to a successful close." Canada, the EU's 12th- largest trading...

  • BRUSSELS, Oct 23- The European Union has given Belgium until late on Monday to overcome opposition to a free trade deal with Canada from its French-speaking region or a summit to sign the pact that could boost both economies is off, EU sources said on Sunday. Canada, the EU's 12th- largest trading partner, says it is ready to sign the pact as planned on Thursday and...

  • BRUSSELS, Oct 23- The European Union has given Belgium until late on Monday to overcome opposition to a free trade deal with Canada from its French-speaking region or a summit to sign the pact that could boost both economies is off, EU sources said on Sunday. EU trade negotiators are rushing to assuage the Walloon government's concerns before the Monday deadline...

  • BRUSSELS, Oct 23- The European Union has given Belgium until late on Monday to overcome opposition to a free trade deal with Canada from its French-speaking region or a summit to sign the pact that could boost both economies is off, EU sources said on Sunday. Canada says it is ready to sign the pact as planned on Thursday and year-long negotiations were over, with...

  • *Monday is provisional deadline for Canada. BRUSSELS, Oct 22- Canada said on Saturday it was up to the European Union to save a free trade deal that could boost both economies but that cannot be signed as planned next week due to opposition from Belgium's French-speaking region. Canadian trade minister Chrystia Freeland said Canada was still ready to sign the...

  • MONDAY, OCTOBER 24 ISLAMABAD- IMF chief Christine Lagarde is keynote speaker at "Emerging markets in the world economy" conference co-sponsored by Pakistan State Bank- 1000 GMT. JAKARTA- Launch of the Economic Survey: Indonesia and Open Governance: Indonesia. PARIS- OECD Global Forum on Environment on "Towards Quantifying the Links Between Environment and...

  • DETROIT, Oct 20- The top executive of railroad Union Pacific Corp said on Thursday that despite negative election campaign rhetoric about free trade agreements, they have benefited the U.S. economy and he is optimistic Congress will pass the Trans Pacific Partnership. Trump also has railed against the North American Free Trade Agreement with Canada and...

  • WASHINGTON, Oct 18- The United States views the International Monetary Fund's proposed $12 billion bailout for Egypt as "essential" and is working with other G7 economic powers to ensure that it is fully funded with bilateral financing, a senior U.S. Nathan Sheets, Treasury undersecretary for international affairs, told a policy forum that the United States...

  • WASHINGTON, Oct 18- The United States views the International Monetary Fund's proposed $12 billion bailout for Egypt as "essential" and is working with G7 economic powers to ensure that it is fully funded with bilateral financing, a senior U.S. Nathan Sheets, Treasury undersecretary for international affairs, told a policy forum that the United States supports...

  • LUXEMBOURG, Oct 18- German Economy Minister Sigmar Gabriel said on Tuesday he did not expect a planned free trade agreement between the European Union and Canada to fail, but it could take some time to answer questions raised by Belgium and other countries. "But Belgium and Romania, for example, still have questions that perhaps can be answered today.