GO
Loading...

Economic Organizations

More

  • France risks humiliating 'fail' in EU budget test Wednesday, 15 Oct 2014 | 9:24 AM ET

    France finds itself in the uncomfortable position of a student at the end of exams as it hands in its 2015 budget plans to European Union authorities for review. Wednesday's deadline for the bloc's 28 states to submit their budgets opens up a two-week window during which France and a few other countries who know they've missed key deficit targets must wait and...

  • *Germany slashes growth forecasts, sentiment index turns negative. *Greece, Italy, Spain bonds hit by euro zone jitters. BERLIN/ LUXEMBOURG, Oct 14- Gloomy data on the euro zone's biggest economy, Germany, spooked financial markets on Tuesday and added weight to calls for faster efforts to revive public investment at a meeting of European Union finance ministers.

  • *Italy to complete budget plans on Wednesday. ROME/ BRUSSELS, Oct 13- Italian Prime Minister Matteo Renzi on Monday promised sweeping tax and spending cuts to help boost growth and jobs next year, as the European Commission considers whether to reject his budget plan for reducing debt too slowly. The premier announced the cuts as the European Union weighs whether...

  • The declines were sparked last week by a cut in the global growth forecast by the International Monetary Fund and disappointing economic data in Europe. Earnings season will pick up this week, with results expected from Dow components Intel, Johnson& Johnson, UnitedHealth, American Express and General Electric, as well as financials Morgan Stanley, Citigroup,...

  • US STOCKS-Wall St little changed after selloff Monday, 13 Oct 2014 | 10:02 AM ET

    The benchmark S&P index slumped 3.1 percent last week to sit just above its support level, the 200- day moving average of around 1,905. The declines were sparked by a cut in the global growth forecast by the International Monetary Fund and disappointing economic data in Europe. Earnings season will pick up this week, with results expected from Dow components...

  • The declines were sparked by a cut in the global growth forecast by the International Monetary Fund and disappointing economic data in Europe. Earnings season will pick up this week, with results expected from Dow components Intel, Johnson& Johnson, UnitedHealth, American Express and General Electric, as well as financials Morgan Stanley, Citigroup, Bank of...

  • NEW YORK, Oct 13- U.S. stock index futures were little changed on Monday after the S&P 500 suffered its worst weekly drop since May 2012 and the Dow moved into negative territory for the year on global growth concerns. The declines were sparked by a cut in the global growth forecast by the International Monetary Fund and disappointing economic data in Europe.

  • *Japan shut for holiday, China trade data in focus. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 percent, extending last week's 1.1 percent drop. At an International Monetary Fund and World Bank meeting in Washington on Saturday, IMF member countries called for bold action to bolster the global economic recovery and flagged Europe as a...

  • *China to offer data hints about its growth prospects. LONDON, Oct 12- China's economy, the second largest in the world, gets a spot check this week with a barrage of data due that should indicate how successful Beijing has been in supporting growth. The International Monetary Fund, for example, has lowered its growth expectations for this year and next in Europe,...

  • Finance ministers seek to boost global recovery Sunday, 12 Oct 2014 | 1:14 AM ET

    Managing Director Christine Lagarde said at a news conference that the IMF has made $130 million available to Guinea, Liberia and Sierra Leone and that the IMF and other international agencies stood ready to do more. In addition to the $130 million in interest-free loans being provided by the IMF, the World Bank is providing $400 million for the Ebola efforts.

  • Brazil has been preparing for the hikes by amassing currency reserves and maintaining a floating currency, Tombini said on the sidelines of the International Monetary Fund and World Bank fall meetings in Washington.

  • Get bold on economy, ease up on budget cuts: IMF Saturday, 11 Oct 2014 | 2:24 PM ET
    The International Monetary Fund (IMF) logo is seen at the IMF headquarters building in Washington.

    The International Monetary Fund's member countries on Saturday said bold action was needed to bolster the global recovery.

  • IMF warns global economy at risk, calls for bold action Saturday, 11 Oct 2014 | 1:51 PM ET

    WASHINGTON, Oct 11- The International Monetary Fund's member countries on Saturday said bold action was needed to bolster the global economic recovery, and they urged governments to take care not to squelch growth by tightening budgets too drastically. European officials have sought to dispel the gloom, with European Central Bank President Mario Draghi on...

  • WASHINGTON, Oct 11- The world's biggest emerging and developed economies have reiterated their commitment not to target exchange rates with monetary policy, European Central Bank President Mario Draghi told a news conference on Saturday.

  • WASHINGTON, Oct 10- Brazilian Finance Minister Guido Mantega took the International Monetary Fund to task on Friday for "contradictory" assessments of Brazil's economy, saying the global lender should be more careful in its forecasting. The IMF on Tuesday cut its 2015 growth forecast for Brazil by 0.6 percentage point to 1.4 percent, casting a sharp light on...

  • WASHINGTON, Oct 10- The drop in global oil prices should not affect the spending plans of oil-producing countries in the Middle East in the near-term given their large financial reserves, the head of the IMF's Middle East and Central Asia Department said on Friday. The official, Masood Ahmed, told reporters that every oil producer in the region outside of the Gulf...

  • WASHINGTON, Oct 9- Group of 20 nations agree on the need for each member to pursue a package of fiscal, monetary steps and structural reforms to revive growth as the global economic recovery remains patchy, Japanese Finance Minister Taro Aso said on Thursday. Aso said Japan broadly supports a proposal by G20 chair Australia to set up a new centre to promote...

  • WASHINGTON, Oct 9- The mix of low interest rates, high liquidity and low volatility in the global economy is "not without danger," European Central Bank Governing Council member Jens Weidmann said on Thursday. Speaking on the sidelines of World Bank and International Monetary Fund meetings, Weidmann said he expected discussion on Friday, when Group of 20...

  • SINGAPORE, Oct 10- Gold retained gains from a four-day rally on Friday and was headed for its best week in nearly four months as a slump in equities and growing worries over the global economy attracted safe-haven bids for the metal. *Earlier this week, the International Monetary Fund cut its global economic growth forecasts for the third time this year, warning of...

  • COLUMN-Old measures for New Mediocrity: James Saft Thursday, 9 Oct 2014 | 4:20 PM ET

    Oct 9- The IMF's "new mediocre" has the sound of a threat, but we may end by wishing it was a promise. The global economy is "looking into the face of what we have called the risk of a new mediocre" period in economic growth, "IMF managing director Christine Lagarde said on Thursday in Washington D.C. at the annual IMF and World Bank meetings. The IMF's advice relies heavily on...