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  • PARIS, April 19- Greek banks may soon run out of collateral to access European Central Bank refinancing unless Athens reaches an agreement with the European Union and International Monetary Fund on economic reforms, France's central bank chief said. The remarks by Banque de France Governor Christian Noyer, to be published by Le Figaro on Monday, came as Athens...

  • WASHINGTON, April 18- The International Monetary Fund's member nations on Saturday warned of risks to the global economy from exchange rate shifts and geopolitical tensions as they took note of "moderate" global growth and "uneven prospects." With the United States poised to hike interest rates, the panel- speaking for the Fund's 188 member nations- said moves...

  • WASHINGTON, April 18- The International Monetary Fund warned in a communique on Saturday that while economic growth in developed countries had strengthened, some emerging nations were being hit by weaker commodity prices and exports. Those meetings conclude on Sunday and have taken place amid growing concerns cash-strapped Greece will fail to reach...

  • WASHINGTON, April 18- China does not want to bend the rules in its favor to include the yuan in the IMF's basket of major reserve currencies, the No. 2 official at the International Monetary Fund said. Beijing tightly controls the yuan's movements and has strong capital controls, but it is pushing for increased use of the currency for trade and investment as part of a...

  • WASHINGTON, April 18- The International Monetary Fund warned in a draft communique on Saturday that while economic growth in developed countries had strengthened, some emerging nations were being hit by weaker commodity prices and exports. With the United States poised to hike interest rates, the IMF member nations said it was essential that moves to "policy...

  • NICOSIA, Cyprus— Lawmakers in Cyprus on Saturday passed key insolvency laws designed to open the taps for more international bailout cash. The vote makes it possible to operate foreclosure laws that international creditors have demanded as a condition for extending more loans to Cyprus. The International Monetary Fund has been withholding 88 million euros...

  • The IMF's member countries agreed in 2010 to give more voting power to countries like China and India, double the Fund's resources, and reduce the dominance of Western Europe on its 24- member board. To get around the United States, the IMF's board had proposed one "interim" plan to raise the voting rights of some emerging countries under an "ad hoc" increase without...

  • WASHINGTON— Spain's Economy Minister Luis de Guindos criticized Greece's left-wing government for its "not very coherent" approach to negotiations over its finances and economy. Greece has relied on loans from European creditors and the International Monetary Fund since 2010. It is in talks over the conditions for its next loan installment, without which...

  • *Britain's Osborne says Greece casts gloom over meetings. *Turkey's Babacan says Greece is issue for bilateral talks. Greece was not mentioned by name in the communique and Turkish Deputy Prime Minister Ali Babacan, speaking on behalf of the G20, said the issue of Greece did not feature in the formal discussions.

  • But China's proposal has been diplomatic coup, as Britain, France and Germany have broken with Washington and joined Asian governments in seeking membership. The U.S. also faces growing criticism over the refusal by Congress to approve reforms to the International Monetary Fund that would increase the voting power of fast-emerging economies such as China,...

  • U.S. urges Greece to strike deal with creditors Friday, 17 Apr 2015 | 4:12 PM ET

    WASHINGTON, April 17- The Obama administration on Friday urged Greece to move quickly with technical negotiations aimed at reaching agreement on bailout terms with the International Monetary Fund and European Union, saying a failure to strike a deal could hit the global economy. Treasury Secretary Jack Lew said in a statement prepared for delivery at a...

  • WASHINGTON, April 17- Bank of Japan Governor Haruhiko Kuroda said on Friday the dominant view among Group of 20 finance leaders was that recent exchange-rate moves largely reflected economic fundamentals, while Japanese Finance Minister Taro Aso said he had not faced criticism from his G20 counterparts over the weak yen. "I didn't get the impression there was...

  • WASHINGTON, April 17- The Group of 20 leading economies on Friday said risks to the global economy had diminished with improved growth prospects in rich nations, but it warned of challenges from exchange rate volatility and geopolitical tensions to low inflation. "Risks to the global economy are more balanced since we last met," G20 finance ministers and central...

  • WASHINGTON, April 17- Turkish Deputy Prime Minister Ali Babacan said on Friday that the Group of 20 leading economies saw a moderate, but uneven, global recovery, and said officials agreed to proceed cautiously in adjusting monetary policies. "Monetary policy settings should be carefully calibrated and carefully communicated to minimize spillovers," Babacan...

  • G20 to sidestep U.S. on IMF reforms -draft communique Friday, 17 Apr 2015 | 12:39 PM ET

    To get around the United States, the IMF's board had proposed one "interim" plan to raise the voting rights of some emerging countries under an "ad hoc" increase without touching U.S. veto power. But countries like China would only get a small bump in their shares under this option, which requires all changes to allow the United States to keep at least 15 percent of the...

  • *Britain's Osborne says Greece casts gloom over finance meetings. WASHINGTON, April 17- The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday even as officials fretted that Athen's inability to strike a deal with its lenders could upset Europe's tentative recovery. While Greece was not mentioned by name in the...

  • WASHINGTON, April 17- The Greek financial crisis has helped make the mood at international financial talks in Washington this week "notably more gloomy," British finance minister George Osborne said on Friday. "It's clear now to me that a misstep or a miscalculation on either side could easily return European economies to the kind of perilous situation we saw...

  • WASHINGTON, April 17- The Group of 20 leading economies was set on Friday to warn of a heightened risk of financial volatility as the monetary policies of major central banks begin to go their separate ways. "In an environment of diverging monetary policy settings and rising financial market volatility, policy settings should be carefully calibrated and...

  • WASHINGTON, April 17- The Group of 20 leading economies was set on Friday to warn of a heightened risk of financial volatility as the monetary policies of major central banks begin to go their separate ways.

  • MADRID— Tax agents spent a second day Friday searching the office of former International Monetary Fund chief Rodrigo Rato after he was briefly detained as part of a probe into alleged fraud and money laundering. Rato was Spain's economy minister and a deputy prime minister under conservative ex-Prime Minister Jose Maria Aznar between 1996 and 2004. He...