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  • FOREX-Euro falls as Greece deadlock remains Monday, 1 Jun 2015 | 7:20 AM ET

    LONDON, June 1- The euro fell on Monday after Greece failed to meet a self-imposed Sunday deadline for reaching an agreement with its lenders to unlock aid, keeping alive fears of a debt default and possibile exit from the euro zone. Greece faces a payment to the International Monetary Fund on Friday and the expiration of its bailout program on June 30.

  • LONDON, June 1- The euro tumbled on Monday after Greece missed a self-imposed Sunday deadline for reaching an agreement with its lenders to unlock aid, keeping alive fears of a debt default and potential exit from the euro zone. Athens and its euro zone and International Monetary Fund creditors have been locked in talks for months, with the single currency...

  • LONDON, June 1- European shares kicked off June on a positive note on Monday, helped by a rise in pharma stocks, although main indexes were still stuck in their recent range as uncertainty persisted over Greece's future. Athens and its euro zone and International Monetary Fund creditors have been locked in talks for months on a cash-for-reforms agreement.

  • WASHINGTON, May 29- German newspaper Frankfurter Allgemeine Zeitung has corrected an interview with International Monetary Fund head Christine Lagarde in which she had been quoted as saying that a Greek exit from the euro zone was a "possibility". The IMF released a transcript of the interview, which was still having an impact on markets on Friday.

  • DRESDEN, Germany, May 29- Greece and its creditors need to quickly agree on a broad deal to address the Greek debt crisis and then work out the details before Athens hits deadlines for repayments, U.S. Greece and its creditors from the euro zone countries and the International Monetary Fund are trying to hammer out a cash-for-reforms deal that would prevent the...

  • UPDATE 2-Greek crisis overshadows G7 growth talks Thursday, 28 May 2015 | 5:36 PM ET

    DRESDEN, Germany, May 28- The head of the International Monetary Fund warned that Greece could fall out of the euro zone as it struggled to sort out its debt stand-off, which is adding to concern about the patchiness of global economic recovery. Greece was not officially on the agenda of the Group of Seven meeting on Thursday in a former palace in the eastern Germany...

  • *Greece expected to make June 5 payment despite threats. The government is talking up chances of an aid-for-reform agreement before a roughly 300 million euro payment falls due on June 5 to the International Monetary Fund, which along with the euro zone funds Greece. Even if Greece did miss an IMF payment, the consequences need not be immediately catastrophic,...

  • *U.S. presses Europe, IMF to show flexibility on Greece. DRESDEN, Germany, May 28- Finance chiefs from the Group of Seven economic powers met on Thursday to discuss how to revive a faltering global recovery, with the United States leaning on Europe to reach a deal to avert a Greek bankruptcy. Speaking before meeting the Group of Seven finance chiefs, International...

  • *U.S. expected to press Europe to reach deal on Greece. DRESDEN, Germany, May 27- Little more than a gentlemen's club in recent years, G7 finance ministers and central bankers have their work cut out this week to revive stuttering global growth and defuse tensions over China's growing economic clout. The United States is likely to use the talks, beginning late on...

  • BEIJING, May 26- China should step up fiscal support for its economy if growth dips below 6.5 percent this year, or prepare to take steps to rein in credit and investment if growth surprises on the upper side, the International Monetary Fund said on Tuesday. The IMF said China still faced risks form unsustainable credit and investment growth and urged the...

  • "With the negotiations between Greece and the rest of the euro area at an impasse, an impatient German Chancellor Merkel has warned that an agreement must be reached before the end of the month," said Thomas Costerg, senior economist at Standard Chartered. Greece cannot make a payment to the International Monetary Fund due on June 5 unless foreign lenders...

  • ATHENS, May 23- Greek Prime Minister Alexis Tsipras said on Saturday his government was on the final stretch of negotiations with its international lenders on a cash-for-reforms deal that would not involve further pension cuts and harsh austerity. After four months of talks with its euro zone partners and the International Monetary Fund, Athens is...

  • TOKYO, May 22- The International Monetary Fund warned the Bank of Japan will take longer than it expects to hit its inflation target even with more monetary easing, and said "bolder" structural reforms are required to shake off an entrenched deflationary mindset. In a statement after "Article 4" consultations with Japanese policymakers released on Friday, the IMF...

  • WASHINGTON, May 22- The current slowdown in South Korea's economy could devolve into a protracted bout of deflation, the International Monetary Fund warned on Friday, urging the country's central bank to cut rates. The IMF also said the Korean won remains undervalued, and should be allowed to rise over time. Korean rates are already at a historic low of 1.75...

  • *Gaza's economic output contracted 15 percent in 2014. JERUSALEM, May 22- Gaza's economy is in a worse state than any other in the world, with unemployment at a global high, output contracting sharply and the long-term prospects worrying, the World Bank said on Friday. "Blockades, war and poor governance have strangled Gaza's economy and the unemployment rate is now...

  • Fed's Fischer says euro zone survival virtually assured Thursday, 21 May 2015 | 2:00 PM ET

    Federal Reserve Vice Chair Stanley Fischer on Thursday said the euro zone crisis had made the monetary union stronger and proved that the European Central Bank has the ability to carry out effective policy in the region. Even though the crisis is not over, with Greece in particular still struggling and facing a possible debt default, the ECB's actions have "...

  • MOSCOW, May 21- The International Monetary Fund sees the Russian economy shrinking by 3.4 percent in 2015, a smaller contraction than previously forecast, but said the country's public finances faced big longer-term challenges because of low oil prices. Russia's economy was tipped into crisis last summer when an existing slowdown was compounded by a sharp...

  • LONDON, May 20- The European Union risks pricing itself out of the global economy by excessive regulation, British finance minister George Osborne said on Wednesday, making the case for reforms in the bloc ahead of a referendum on whether Britain remains a member. Osborne was addressing business leaders in London in one of his first major speeches after an...

  • DIARY- Emerging Markets Economic Events to June 1 Tuesday, 19 May 2015 | 8:02 PM ET

    ANKARA- Central bank of Turkey to hold monthly monetary policy committee meeting. PRAGUE- International Monetary Fund holds a press conference at the end of its annual mission to the Czech Republic- 1315 GMT. BRASILIA- International Monetary Fund head Christine Lagarde visits Brazil to participate in a central bank seminar about inflation targeting.

  • *IMF raises Italy 2015 GDP forecast to 0.7 pct from 0.5 pct. ROME, May 18- The International Monetary Fund raised slightly its forecasts for Italy's economy this year and next on Monday and said Rome should take advantage of favorable external conditions to push through much-needed reforms. The IMF's mission chief, Petya Koeva Brooks, said low interest rates, the...