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  • *Oil adds to overnight rally on OPEC demand forecasts. TOKYO, May 13- Asian shares advanced on Wednesday despite another set of disappointing Chinese economic reports, as investors instead focused on hopes of further stimulus from Beijing to prevent a sharper slowdown in the world's second-largest economy. European shares were expected to get the day off to a...

  • BRASILIA, May 12- Brazil must do more to achieve its 2015 fiscal savings goal and needs deep economic reforms to foster stronger growth, the International Monetary Fund said on Tuesday. In its annual assessment, the IMF cited government missteps that have dragged the once-booming Brazilian economy toward an expected recession this year, but it endorsed the...

  • Brazil must do more to meet key budget target -IMF Tuesday, 12 May 2015 | 5:34 PM ET

    BRASILIA, May 12- Brazil must do more if it is to meet its main budget surplus goal this year, and deep economic reforms are necessary to foster stronger growth in the future, the International Monetary Fund said on Tuesday. The IMF said further measures will be needed to meet this year's primary budget surplus target of 1.2 percent of Brazil's gross domestic...

  • PARIS, May 12- Economic growth appears to be flagging in the United States and continues to slow in China, while France and Italy are outperforming as the euro zone economy recovers, a monthly OECD measure showed on Tuesday. The composite leading indicators, designed to anticipate economic turning points, signalled stable growth momentum in the OECD area as well...

  • ATHENS, May 12- Greece tapped emergency reserves in its holding account at the International Monetary Fund to make a crucial 750 million euro debt payment to the Fund on Monday, two government officials said on Tuesday. One official told Reuters that Athens used about 650 million euros from the holding account to make the payment. Euro zone finance ministers...

  • *Greece paid 750 euro installment, but tension remains. SINGAPORE, May 12- Oil prices eased on Tuesday as the market remained oversupplied and as the dollar gained on fears Greece could exit the euro zone. Greece paid about 750 million euros to the International Monetary Fund late on Monday, a day before it was due, two Greek finance ministry officials told Reuters,...

  • SINGAPORE, May 12- Gold struggled below $1,200 an ounce on Tuesday, following small overnight losses, hurt by a firmer dollar and a lack of robust safe-haven bids from the Greek debt crisis. *Greece calmed immediate fears of a default on Monday by making a crucial 750 million euro payment to the International Monetary Fund a day early. *Euro zone finance ministers...

  • NYMEX-Oil prices dip on oversupply, strong dollar Monday, 11 May 2015 | 8:30 PM ET

    SINGAPORE, May 12- Oil prices eased on Tuesday as the market remained oversupplied and as the dollar gained on fears Greece could exit the euro zone. *Front-month U.S. crude was down 1 cent at $59.24 a barrel at 0022 GMT. *Greece paid about 750 million euros to the International Monetary Fund late on Monday, a day before it was due, two Greek finance ministry officials...

  • BRUSSELS, May 11- Finance ministers of the euro zone welcomed progress achieved in negotiations between Greece and its creditors on a cash-for-reform deal but said more work is needed to bridge differences holding up a comprehensive agreement. In a joint statement after they reviewed the state of talks between Athens and the International Monetary Fund, the...

  • BERLIN, May 11- Germany's economy could grow more in 2015 than the 1.6 percent the International Monetary Fund forecast in April if lower energy prices and the European Central Bank's bond-buying scheme feed through more than expected, the IMF said on Monday. Enrica Detragiache, assistant director of the IMF's European department, told a news conference in...

  • FOREX-Euro slips on unease over Greek talks Monday, 11 May 2015 | 4:18 AM ET

    LONDON, May 11- The euro slipped against the dollar on Monday, as many investors took a pessimistic view of the latest round of euro zone talks on a cash-for-reform deal for Greece. Greece, which must repay a 750 million euro loan to the International Monetary Fund on Tuesday, faces the risk of defaulting on debt repayments and being forced out of the euro zone.

  • LONDON, May 10- With optimism building that the United States is already recovering smartly from another horrible start to the year, focus will shift this week to reports that may show the euro zone is finally shaking off half a decade of torpor. The 19- member currency union has been a millstone around the global economy's neck ever since the financial crisis...

  • ATHENS, May 9- Greece's main debt negotiator called on the European Union and the International Monetary Fund to show their willingness to break an impasse in debt talks, ahead of a crucial meeting of euro zone finance ministers on Monday. Prime Minister Alexis Tsipras' leftist-led government, which came to power promising to end the austerity terms under...

  • Sometimes called financial deepening, deeper markets and better access to financial services can still spur economic growth, especially in emerging markets, but this is not an endless process, according to a new study by the International Monetary Fund. "Our analysis uncovers evidence of' too much finance' in the sense that beyond a certain level of financial...

  • WASHINGTON, May 6- Federal Reserve Chair Janet Yellen on Wednesday said the central bank is prepared to take further action to make the financial system safer. In prepared remarks at the International Monetary Fund, Yellen outlined the contributions of the banking system to society and the economy. But Yellen quickly turned her speech to the distorted system...

  • DIARY- Emerging Markets Economic Events to May 18 Tuesday, 5 May 2015 | 8:02 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen and International Monetary Fund Managing Director Christine Lagarde participate in " Finance and Society" conversation before the Institute for New Economic Thinking Conference on Finance and Society hosted by the IMF- 1315 GMT. BUDAPEST- Central bank of Hungary publishes April policy meeting- 1200 GMT.

  • DIARY- Top Economic Events to May 18 Tuesday, 5 May 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen and International Monetary Fund Managing Director Christine Lagarde participate in " Finance and Society" conversation before the Institute for New Economic Thinking Conference on Finance and Society hosted by the IMF- 1315 GMT. WASHINGTON- Federal Reserve Bank of Kansas City President Esther George...

  • European shares fall as Greek stocks slide Tuesday, 5 May 2015 | 9:38 AM ET

    LONDON, May 5- European shares fell on Tuesday as renewed worries over Greece weighed on the region's stock markets. Greece stepped up diplomatic efforts with its euro zone partners on Tuesday to avoid running out of money this month, when it must make a big debt repayment to the International Monetary Fund as cash reserves dry up. Talks continued with the IMF,...

  • *Athens' ATG index down 3 pct as debt worries weigh. Traders cited concerns that the International Monetary Fund may cut a funding lifeline to Greece unless its European partners accept more debt writedowns as weighing on the Greek market, with Greek bond yields also rising. Nevertheless, many traders still said new economic stimulus measures from the European...

  • LONDON, May 5- Greek bond yields rose on Tuesday on reports that the International Monetary Fund may cut a funding lifeline to Greece unless its European partners accept more debt writedowns. The warning, reported in the Financial Times to have been made by the IMF's European head, Poul Thomsen, to euro zone finance ministers at their meeting in Riga last month,...