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  • BRUSSELS— The European Union has nudged up its forecast for economic growth across the 19- country eurozone despite a much gloomier outlook for Greece, which is struggling to get its hands on vital bailout cash it needs to pay off debts. It said the eurozone as a whole is benefiting from a number of factors, including lower oil prices, a steady global outlook, the...

  • A lasting deal to give Greece more cash, however, wasn't expected by May 11, when the eurozone finance ministers will meet next. In the meantime, Greece will have to scrounge for cash to make a 750 million-euro repayment to the International Monetary Fund the following day. "That is the signal that everyone is waiting for, both in Greece and by its partners."

  • 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,...

  • May 3- The International Monetary Fund is close to declaring China's yuan fairly valued for the first time in more than a decade, the Wall Street Journal reported on Sunday. The IMF's reassessment of the yuan is set to be made official in its reports on China's economy due in the coming months, the Wall Street Journal reported. "On the exchange rate, last year, 2014, our...

  • Portugal investigates visas awarded to non-EU investors Wednesday, 29 Apr 2015 | 8:41 AM ET

    LISBON, Portugal— Portugal's Attorney-General's office says officials are searching government offices and other locations as part of a corruption and money-laundering investigation centered on the granting of residence permits to investors from outside the European Union. The Finance Ministry said the office of the secretary of state for tax affairs...

  • KIEV, April 29- Ukraine's economy could return to growth next year and expand by 2 percent provided the separatist insurgency does not worsen and a banking crisis stabilises, the World Bank said on Wednesday. The World Bank expects Ukraine's economy to shrink 7.5 percent in 2015- in line with central bank forecasts- following a 6.8 percent contraction last year,...

  • HELSINKI, April 28- Finland's likely next prime minister proposed on Tuesday the next government keep a tough line on helping euro zone members but did not rule out further rescue fund loans for Greece if it meets the conditions. In proposals sent to other parties for comment, the Centre Party leader Juha Sipila also said the European Monetary Union should...

  • World Bank sees Belarus's 2015 GDP falling 3.5 pct Monday, 27 Apr 2015 | 5:39 AM ET

    MINSK, April 27- The World Bank said on Monday it saw Belarus's gross domestic product contracting 3.5 percent this year, sharply revising it down from an earlier forecast of 1.8 percent growth. Next year the contraction will continue, with GDP expected to decline 1 percent, Ruslan Penkevsky, the bank's senior economist for Belarus, said at a press conference.

  • DIARY- Emerging Markets Economic Events to May 4 Tuesday, 21 Apr 2015 | 8:02 PM ET

    WASHINGTON- World Bank President Jim Yong Kim speaks at the global philanthropy forum- 1500 GMT. CAIRO- Central Bank of Egypt holds Monetary Policy Committee Meeting- 0100 GMT. BANGKOK- Bank of Thailand holds Monetary Policy Committee meeting.

  • LONDON, April 20- German 10- year borrowing costs resumed a descent towards zero on Monday, with worries about Greece falling out of the euro zone increasing demand for top-rated assets even as the ECB's bond-buying programme quashes yields. Athens has been stuck in negotiations with its euro zone partners and the International Monetary Fund over economic...

  • 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...

  • 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...

  • *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.

  • 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...