Christine Lagarde
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Finance leaders of the G-20 economies on Friday edged away from a long-running drive toward government austerity in rich nations, rejecting the idea of setting hard targets for reducing national debt in a sign of worries over a sluggish global recovery.
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NEW YORK, April 10- Global growth is likely to remain tepid this year and central banks should keep their easy monetary policy in place, the head of the International Monetary Fund said on Wednesday.
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SINGAPORE, April 10- London copper drifted on Wednesday from near two-week highs hit in the previous session, while markets eyed China trade data for signs of a recovery in demand in the top metals consumer.
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SINGAPORE, April 10- Gold edged up on Wednesday as Japan's aggressive monetary easing policy boosted bullion's appeal as a hedge against inflation, although gains may be capped as stronger equities lure buyers seeking better returns away. *Spot gold added $1.57 an ounce to $1,586.27 by 0041 GMT after hitting $1,590 on Tuesday, its highest since April 2.
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SEOUL, April 10- U.S. crude slipped below $94 a barrel on Wednesday as a sharp rise in domestic oil stockpiles dented the outlook for demand from the top consumer, although intensifying geopolitical tensions are expected to keep a floor under prices.
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BOAO, China, April 7- China's President Xi Jinping pledged on Sunday that change and peaceful development will power his country's economic rise and sustain growth within its borders and beyond.
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BOAO, China, April 7- The head of the International Monetary Fund hailed Japan's unprecedented monetary policy boost this week as a welcome support for a world economy that she said has improved from a year ago.
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BEIJING, April 7- A huge monetary stimulus package to be unleashed by the Bank of Japan this week is a welcome step in supporting growth in the world economy, the managing director of the International Monetary Fund said on Sunday.
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The agreement came hours before a deadline to avert a collapse of the banking system in fraught negotiations between President Nicos Anastasiades and heads of the European Union, the European Central Bank and the International Monetary Fund.
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BRUSSELS/ NICOSIA, March 25- Cyprus clinched a last-ditch deal with international lenders to shut down its second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a 10 billion euro bailout.
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NICOSIA, March 23- Cyprus said on Saturday it was looking at seizing a quarter of the value of big deposits at its largest bank as it races to raise the funds for a bailout from the European Union and avert financial collapse.
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NICOSIA, March 19- Cyprus's government proposed on Tuesday to spare small savers from a divisive levy on bank deposits but said it expects parliament to reject the measure, needed to secure an international bailout and avoid default and a banking collapse.
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NICOSIA, March 19- Cyprus's government proposed on Tuesday to spare small savers from a divisive tax on bank deposits in a last-minute attempt to win parliamentary backing for an international bailout and avoid default and a banking collapse.
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BERLIN/ BRUSSELS, March 18- Just three weeks after being elected president of Cyprus, Nicos Anastasiades travelled to Brussels for his European debut last Thursday. According to one person who attended, Anastasiades asked his new friends to make sure any bailout for Cyprus was fair.
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*Cyprus parliament postpones vote on levy. NICOSIA, March 17- Cyprus was working on a last-minute proposal to soften the impact on smaller savers of a bank deposit levy after a parliamentary vote on the measure central to a bailout was postponed until Monday, a source said.
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*Cyprus parliament postpones vote on levy. NICOSIA, March 17- Cyprus's parliament has postponed until Monday an emergency session to vote on a levy on bank deposits after signs that lawmakers might block the surprise move agreed in Brussels to help fund a bailout and avert national bankruptcy.
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*Cyprus parliament postpones vote on levy. NICOSIA, March 17- Cyprus's parliament postponed an emergency session called to approve a levy on bank deposits on Sunday after signs lawmakers could block the surprise move agreed in Brussels to help fund a bailout and avert national bankruptcy.
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BRUSSELS, March 16- The euro zone struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros, but demanded depositors in its banks forfeit some money to stave off bankruptcy despite the risks of a wider run on savings.
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BRUSSELS, March 16- The euro zone struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros, but demanded depositors in its banks forfeit some money to stave off bankruptcy despite the risks of a wider bank run.
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*Cyprus to tax interest on deposits. BRUSSELS, March 16- International lenders struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros to stave off bankruptcy, a senior euro zone official said.
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BRUSSELS, March 16- International lenders struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros to stave off bankruptcy, a senior euro zone official said.