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Christine Lagarde

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  • WASHINGTON, April 16- Greece on Thursday sounded a mix of defiance and willingness to compromise with its international creditors on reforms required to unlock more loans, as it faces running out of money ahead of debt repayments next month. Its official creditors- the euro zone and the IMF- have frozen bailout aid until the new leftist-led government in Athens...

  • WASHINGTON, April 16- The head of the International Monetary Fund on Thursday signaled she would not grant a payment delay to Greece, as it had never been done for an advanced economy and the Fund should protect its safe reputation. Greece is fast running out of cash and its euro zone and IMF lenders have frozen bailout aid until the new leftist-led government in...

  • It's 'crunchtime' for Greece: Kraemer   Thursday, 16 Apr 2015 | 11:00 AM ET
    It's 'crunchtime' for Greece: Kraemer

    Moritz Kraemer, chief sovereign ratings officer at Standard & Poor's, says that it's a "race against the clock" for Greece, with all easy options off the table.

  • IMF's Lagarde says Greece should not delay payments Thursday, 16 Apr 2015 | 10:50 AM ET

    WASHINGTON, April 16- The head of the International Monetary Fund on Thursday signaled she would not grant a payment delay to Greece, as it had never been done for an advanced economy and the Fund should protect its safe reputation. IMF Managing Director Christine Lagarde said a Greek delay on its repayments to the Fund would not be recommended in the current...

  • WASHINGTON, April 16- Overreliance on currency depreciations to boost domestic economies could exacerbate global tensions over exchange rates, the head of the International Monetary Fund said on Thursday. The sharp rise of the dollar against the euro and yen is expected to be a major theme at the meeting of the world's top economic policymakers in Washington...

  • WASHINGTON, April 14- Recent shifts in exchange rates should help the global economy, boosting Japan and Europe in particular, amid increasing divergence in the growth paths of the world's major economies, the International Monetary Fund said on Tuesday. The Washington- based institution kept its global growth forecasts unchanged, with faster economic...

  • WASHINGTON, April 14- The International Monetary Fund highlighted an increasing divergence in the growth paths of the world's major economies this year, as a pick-up in the euro zone and India is expected to be offset by diminished prospects in other key emerging markets. In its flagship World Economic Outlook, the Washington- based institution kept its...

  • IMF's Lagarde: 'Dedicated' to Greek reform process Thursday, 9 Apr 2015 | 12:07 PM ET
    Christine Lagarde IMF

    Greece and its creditors need to improve the reform process to prompt real economic change, IMF head Christine Lagarde told CNBC.

  • Moderate & uneven global recovery: Lagarde   Thursday, 9 Apr 2015 | 11:47 AM ET
    Moderate & uneven global recovery: Lagarde

    IMF managing director Christine Lagarde, sees a moderate and uneven global recovery. India is a bright spot, and Russia & Brazil are not so good.

  • IMF's Lagarde sees 'new reality' of mediocre growth Thursday, 9 Apr 2015 | 10:40 AM ET

    WASHINGTON, April 9- Mediocre economic growth could become the "new reality," leaving millions stuck without jobs and increasing the risks to global financial stability, the head of the International Monetary Fund warned on Thursday. Christine Lagarde, the managing director of the IMF, first warned in October the global economy could be stuck on a "new mediocre"...

  • WRAPUP 1-Greek PM gets support, not money from Putin Wednesday, 8 Apr 2015 | 1:21 PM ET

    *Greece could run out of money within weeks. *Putin says Greece did not ask for aid. Tsipras added: " Greece is not a beggar going around to countries asking them to solve its economic problem, an economic crisis that doesn't only concern Greece but is a European crisis.

  • A Chinese win at IMF no one-way bet for yuan Tuesday, 7 Apr 2015 | 5:00 PM ET

    SHANGHAI, April 8- Later this year the IMF might include the Chinese yuan in its official basket of reserve currencies, a political and economic triumph for Beijing in the teeth of U.S. opposition, but slowing growth in China is likely to limit the impact of the victory. That in turn should lower transaction costs, exchange risk and borrowing costs for China, already...

  • His government's first declaration in January was to say the asset sale- a key part of Greece's privatisation programme agreed with international creditors- had been cancelled. Athens then appeared to change heart: on a trip last month to China, which is a bidder and already runs part of the port, the deputy prime minister said the sale would go ahead.

  • Greece debt struggles   Monday, 6 Apr 2015 | 8:40 AM ET
    Greece debt struggles

    CNBC's Dominic Chu reports on how cash strapped Greece is still working out terms to pay back its massive bailout loans.

  • ATHENS, April 6- Greece must reach an outline funding agreement with its lenders at a meeting of euro zone finance ministers on April 24, its finance minister told a Greek newspaper on Monday. A source with knowledge of the issue told Reuters last month that Greece had enough funds to last it until April 20. Varoufakis said on Sunday following a meeting with...

  • *Athens hopes new reform proposals can free up needed funds. WASHINGTON, April 5- Greek Finance Minister Yanis Varoufakis said on Sunday that Greece "intends to meet all obligations to all its creditors, ad infinitum," seeking to quell default fears ahead of a big loan payment Athens owes the IMF later this week. Most urgently, Athens is on the hook for a roughly 450...

  • WASHINGTON, April 5- Greek Finance Minister Yanis Varoufakis said on Sunday Greece "intends to meet all obligations to all its creditors, ad infinitum" following a meeting in Washington with International Monetary Fund officials. She said due diligence efforts in Athens and talks with teams in Brussels over the terms of Greece's bailout would "resume promptly...

  • WASHINGTON, April 5- The head of the International Monetary Fund said after talks with the Greek finance minister on Sunday that she welcomed his confirmation that Athens would make a loan payment due to the IMF later this week. "I welcomed confirmation by the Minister that payment owing to the Fund would be forthcoming on April 9th," IMF Managing Director...

  • *China would be first emerging nation to join IMF currency basket. BRUSSELS, April 2- China is closer to joining the major league of reserve currencies with a deal possible later this year to include the yuan in the International Monetary Fund's unit of account, international finance officials say. However the United States, where China's growing economic and...

  • ATHENS, March 26- Greece will present measures to boost tax revenues and encourage investors as part of a reforms list aimed at reaching a deal with lenders early next week to unlock aid, the government said on Thursday. After talks with EU leaders including German Chancellor Angela Merkel in the past week, Athens said it would present a package of reforms to its...