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  • DIARY- Top Economic Events to Jan 30 Friday, 16 Jan 2015 | 7:00 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart gives welcome remarks and speaks on " Federal Reserve Bank of Atlanta's CED Programs and Financial Literacy Programs" before the HOPE Global Forum- 1350 GMT. DUBLIN- The Central Bank of Ireland, Center for Economic Policy Research and International Monetary Fund are organizing a...

  • WASHINGTON, Jan 15- A sharp drop in oil prices and a stronger U.S. economy will probably not be enough to brighten the outlook for global economic growth this year, the head of the International Monetary Fund said on Thursday. IMF Managing Director Christine Lagarde said while cheaper oil would help consumers in much of the world, the United States would likely be...

  • WASHINGTON, Jan 15- A sharp drop in oil prices and a stronger U.S. economy probably won't be enough to brighten the prospects for global economic growth this year, the head of the International Monetary Fund said on Thursday. IMF Managing Director Christine Lagarde said cheaper oil would help consumption across much of the world, but that the United States would...

  • *World Bank lowers global growth forecasts for 2015, 2016. Late on Tuesday, the World Bank lowered its 2015 and 2016 world economic growth forecasts, reinforcing worries about sluggish demand growth in the oversupplied energy markets. Brent fell 24 cents to $46.38 a barrel by 1:24 p.m. EST, after reaching a high of $47.14.

  • *World Bank cuts global growth forecasts. NEW YORK, Jan 14- U.S. stocks fell on Wednesday, on track for a fourth day of losses, as a World Bank forecast sparked concerns about weak economies and December U.S. retail sales missed expectations. Copper touched its lowest since July 2009 and was last down 6.2 percent at $5,497 a tonne after the World Bank cut its growth...

  • *World Bank lowers global growth forecasts for 2015, 2016. LONDON, Jan 14- Oil prices recouped some early losses on Wednesday but remained under pressure after the World Bank cut its global economic growth forecast, doing little to end a rout that saw prices touch their lowest in nearly six years in the previous session. February Brent crude gained 20 cents to...

  • *Copper hit by concerns over economic growth. LONDON, Jan 14- Copper and other base metals were hit by heavy selling on Wednesday and the oil price slump continued after the World Bank lowered its global growth forecast due to disappointing economic prospects in Europe and Asia. It cited disappointing economic prospects in the euro zone, Asia and some major...

  • *Copper hit by concerns over economic growth. LONDON, Jan 14- Copper and other base metals were hit by heavy selling on Wednesday and the oil price slump continued after the World Bank lowered its global growth forecast due to disappointing economic prospects in Europe and Asia. It cited disappointing economic prospects in the euro zone, Asia and some major...

  • GLOBAL MARKETS-Markets slump on gloomy growth outlook Wednesday, 14 Jan 2015 | 8:34 AM ET

    *World Bank cuts growth forecasts, deflation fears grow. LONDON, Jan 14- Financial and commodities markets slumped on Wednesday after the World Bank cut its growth forecasts for 2015 and 2016, fueling fears that the benefits of cheaper oil may be offset by anemic economies and the threat of deflation. Market nerves were soothed somewhat after a top adviser to the...

  • *World Bank lowers global growth forecasts for 2015, 2016. LONDON, Jan 14- Oil prices pared early losses on Wednesday but remained under pressure after the World Bank cut its economic growth forecast, doing little to end a rout that saw prices touch their lowest in nearly six years in the previous session. February Brent crude inched 12 cents higher to $46.71 a...

  • *World Bank lowers global growth forecasts for 2015, 2016. LONDON, Jan 14- Oil prices fell 1 percent on Wednesday after the World Bank cut its economic growth forecast, helping extend a rout that saw prices touch a nearly six-year low the previous session. "The global economy is running on a single engine... the American one," World Bank chief economist Kaushik Basu said.

  • MOSCOW, Jan 14- The World Bank expects Russia's economy to contract by 2.9 percent in 2015, it said in a report on global economic growth on Wednesday, cutting its forecast from December when it expected a 0.7 percent contraction. The bank also predicted 0.1 percent growth in 2016 and 1.1 percent growth in 2017, following 0.7 percent growth in 2014..

  • WORLD BANK CUTS FORECAST FOR RUSSIA'S GDP GROWTH IN 2015 TO -2.9 PCT FROM 0.7 PCT.

  • WASHINGTON, Jan 13- The World Bank on Tuesday lowered its global growth forecast for 2015 and next year due to disappointing economic prospects in the euro zone, Japan and some major emerging economies that offset the benefit of lower oil prices. "The global economy is at a disconcerting juncture," World Bank chief economist Kaushik Basu told reporters.

  • Iran vows to help Venezuela to stem oil price fall Saturday, 10 Jan 2015 | 1:09 PM ET

    President Nicholas Maduro is on a tour of fellow OPEC countries to lobby for higher oil prices, which hit new lows last week below $50 per barrel, nearly half of what they were back in June 2014. The plunge in crude prices has pummelled the public finances of Iran and Venezuela, whose economies rely heavily on oil exports. Earlier on Saturday, Iranian President...

  • World Bank sees slower track for global trade engine Wednesday, 7 Jan 2015 | 4:00 PM ET

    WASHINGTON, Jan 7- Global trade should expand more slowly over the next decade than it did in the 30 years before the financial crisis, the World Bank said on Wednesday, citing forecasts for slower economic growth and longer-term shifts in trade patterns. But trade growth levels have fallen to about half that for the past two years, and should only rise to about 5...

  • IMF mission to visit Ukraine from Jan 8 Monday, 29 Dec 2014 | 5:12 AM ET

    KIEV, Dec 29- An International Monetary Fund mission will visit Ukraine in early January for more discussions over implementation of an economic reform programme, the IMF said on Monday. The IMF, which had previously flagged a visit for sometime in January, said the mission would begin work in Kiev on Jan. 8 and could conclude before the end of the month.

  • DUBAI, Dec 25- Saudi Arabia plans to raise government spending 0.6 percent to a record high in its 2015 budget while covering a large deficit due to plunging oil prices with its huge fiscal reserves, the Ministry of Finance said on Thursday. Some analysts believe Riyadh is content to see oil prices fall as a way to squeeze out competing producers in non- OPEC nations.

  • *Outlook remains weak as OPEC says will not cut production. LONDON, Dec 23- Brent crude oil rose above $61 a barrel on Tuesday after data showed the U.S. economy grew at its quickest pace in 11 years in the third quarter, outweighing downward pressure from a global glut and evidence of weak demand in other parts of the world. Brent for February rose $1.38 a barrel to a...

  • *OPEC hopes economic recovery will spur fresh demand. *$100 seen as encouraging non- OPEC output. ABU DHABI, Dec 23- Arab OPEC producers expect global oil prices to rebound to between $70 and $80 a barrel by the end of next year as a global economic recovery revives demand, OPEC delegates said this week in the first indication of where the group expects oil markets to...