Economic Organizations
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Olli Rehn, the European Union's top economic policy maker and scourge of debt-fueled budget deficits, is fed up with austerity.
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*Don't rush to judgment on Japan- finance sherpa. MOSCOW, Feb 1- Russia's top financial diplomat said the Group of 20 should focus on making new commitments to curb borrowing, and not rush to judge Japan's bid to reflate its economy when policy makers meet this month.
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WASHINGTON, Feb 1- The International Monetary Fund's board will consider on Friday whether to issue a so-called declaration of censure against Argentina for failing to fix economic data that many consider flawed, bringing the country a step closer to being sanctioned.
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MEXICO CITY, Jan 30- Peru is in the best shape in Latin America to withstand an economic meltdown while Venezuela and Argentina have the weakest defenses, according to an analysis by International Monetary Fund economists.
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The world's top economic policymakers are likely to discuss how Japan's new monetary and fiscal policy drive is weakening the yen when they meet next month, but will stop well short of calling it a competitive devaluation, G20 officials said.
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BRUSSELS/ MOSCOW, Jan 28- The world's top economic policymakers are likely to discuss how Japan's new monetary and fiscal policy drive is weakening the yen when they meet next month, but will stop well short of calling it a competitive devaluation, G20 officials said.
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SANTIAGO, Jan 26- The United States and the European Union are wrapping up final preparations for talks on a free-trade agreement that would encompass half the world's economic output, Europe's trade chief said on Saturday, while warning of "difficult negotiations."
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DAVOS, Switzerland Jan 26- The head of the International Monetary Fund called on Saturday for Japan to put forward a medium-term plan to reduce its public debt after this week's bold monetary and fiscal stimulus measures. IMF Managing Director Christine Lagarde told the World Economic Forum in Davos: " Japan has made very important decisions.
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Jan 25- European Union leaders are meeting their Latin American counterparts this weekend in Santiago to win investments and speed up trade flows to lift Europe's stalled economy. *Bilateral trade has more than doubled over the last decade to reach some 200 billion euros last year, and Europe is the top foreign investor in Latin America and the Caribbean.
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*European Union leaders head to Chile for regional summit. EU leaders are taking their hunt for economic growth to Santiago, Chile as the bloc tries to emerge from three years of crisis, but the biggest prize of a free-trade deal with Brazil and Argentina remains distant.
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DAVOS, Switzerland, Jan 24- The euro is probably not overvalued now but the European Union is keen to avoid a currency war in which its exchange rate could suffer and set back Europe's economic recovery, the EU's top monetary official said on Thursday.
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WASHINGTON, Jan 23- An unexpectedly stubborn euro zone recession and weakness in Japan will weigh on global economic growth this year before a rebound in 2014 that should deliver the fastest expansion since 2010, the International Monetary Fund said on Wednesday.
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WASHINGTON, Jan 23- The International Monetary Fund's chief economist played down concerns on Wednesday that easy monetary policies in advanced economies risk sparking a "currency war", saying there had not been a major surge of capital into emerging nations.
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WASHINGTON, Jan 23- An unexpectedly stubborn euro zone recession and weakness in Japan will weigh on global economic growth this year before a rebound in 2014 that should deliver the fastest expansion since 2010, the International Monetary Fund said on Wednesday.
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WASHINGTON, Jan 23- The chief economist at the International Monetary Fund on Wednesday shot down the notion that easy monetary and fiscal policies in advanced economies risk sparking a "currency war", saying there has not been a major surge of capital into emerging nations.
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WASHINGTON, Jan 23- The biggest risks facing the global economy last year have been dodged and "cautious optimism" on the outlook may be warranted, the IMF's chief economist said on Wednesday.
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*IMF predicts weak growth in 2013, rebound next year. WASHINGTON, Jan 23- An unexpectedly stubborn euro zone recession and weakness in Japan will weigh on global economic growth this year before a rebound in 2014 that should deliver the fastest expansion since 2010, the International Monetary Fund said on Wednesday.
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LONDON, Jan 23- Leading British business figures warned Prime Minister David Cameron on Wednesday that his plan for an in-out referendum on the European Union membership was a risky gamble that could damage the economy and throttle foreign investment.
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*UK Dec jobless benefits claims lowest since June 2011. *Israel elections reduce risk of Iran strike, analysts say. "There is support from the improving employment picture, not in the U.S., for once, but the UK," John Kilduff, a partner at Again Capital LLC, said in a research note.
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The European Central Bank should keep monetary policy easy and perhaps try to lower borrowing costs further to help the euro zone's struggling economy, the head of the International Monetary Fund said on Thursday.
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WASHINGTON, Jan 17- Myanmar is seeking a one-year, IMF-monitored program to help it craft economic policies, pursue reforms and clear its debt arrears, according to International Monetary Fund documents published on Thursday.