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  • Why it's proving hard to save Greece Thursday, 16 Apr 2015 | 10:21 AM ET

    ATHENS, Greece— By the day, Greece is getting closer to a potentially catastrophic debt default that could force it out of the euro bloc. The situation is coming to a head, with Greece struggling to meet debt obligations on a weekly basis. Rescue creditors— fellow eurozone states and the International Monetary Fund— want Greece to agree to a list of economic reforms...

  • WASHINGTON, April 16- Overreliance on currency depreciations to boost domestic economies could exacerbate global tensions over exchange rates, the head of the International Monetary Fund said on Thursday. The sharp rise of the dollar against the euro and yen is expected to be a major theme at the meeting of the world's top economic policymakers in Washington...

  • DIARY- Top Economic Events to April 28 Wednesday, 15 Apr 2015 | 8:01 PM ET

    WASHINGTON- European Central Bank Vice President Vitor Constancio speaks before the Levy Economics Institute of Bard College 24th Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies- 1300 GMT. WASHINGTON- International Monetary Fund Deputy Managing Director Min Zhu, Central Bank of Malaysia Governor Zeti Akhtar Aziz, Turkey Deputy...

  • NEW DELHI, April 15- India needs to move towards full capital account convertibility to become a leading global economy, junior finance minister Jayant Sinha said on Wednesday. Sinha's comments came a day after the International Monetary Fund predicted Asia's third-largest economy would become the fastest growing major economy in the world, outpacing...

  • UPDATE 1-OECD says BOJ has done enough, warns of QQE risks Wednesday, 15 Apr 2015 | 12:48 AM ET

    *Yen will rise long-term if Japan revives economy-Gurria. TOKYO, April 15- Japan must be mindful of the risks of its massive monetary stimulus and speed up much-needed structural reforms to revive the economy, the OECD said on Wednesday, warning of delays in their implementation. "The first arrow is working, but there are limits," Gurria told reporters after issuing...

  • FOREX-Dollar slides on U.S. retail sales, IMF outlook Tuesday, 14 Apr 2015 | 3:16 PM ET

    NEW YORK, April 14- The dollar tumbled on Tuesday, after five straight days of gains, as investors took advantage of weaker-than-expected U.S. retail sales to lighten hefty positions on the greenback that had built up due to expectations of an impending rate increase. The yen, meanwhile, gained broadly, hitting a two-year high against the euro after an economic...

  • NEW YORK, April 14- The dollar sank on Tuesday after March U.S. retail sales data, while the strongest in a year, came in below expectations, triggering a sell-off that pulled the greenback down from the prior week's strong gains. At the same time, a second blow to the U.S. economic outlook came from the International Monetary Fund. "I wouldn't be surprised if people...

  • WASHINGTON, April 14- Recent shifts in exchange rates should help the global economy, boosting Japan and Europe in particular, amid increasing divergence in the growth paths of the world's major economies, the International Monetary Fund said on Tuesday. The Washington- based institution kept its global growth forecasts unchanged, with faster economic...

  • WASHINGTON— The International Monetary Fund, citing the consequences of a strong dollar, is downgrading its outlook for the U.S. economy but raising its forecast for Europe and Japan. The international lending agency also left unchanged its prediction that the Chinese economy will grow 6.8 percent this year and 6.3 percent in 2016. That marks a sharp...

  • WASHINGTON, April 14- The International Monetary Fund highlighted an increasing divergence in the growth paths of the world's major economies this year, as a pick-up in the euro zone and India is expected to be offset by diminished prospects in other key emerging markets. In its flagship World Economic Outlook, the Washington- based institution kept its...

  • GENEVA, April 14- Global goods trade will grow by 3.3 percent this year and by 4.0 percent in 2016, less than previously forecast, mainly due to sluggish economic growth, the World Trade Organization said on Tuesday. "We expect trade to continue its slow recovery but with economic growth still fragile and continued geopolitical tensions, this trend could easily...

  • GENEVA, April 14- Global goods trade will grow by 3.3 percent this year and by 4.0 percent in 2016, less than previously forecast, mainly due to sluggish economic growth, the World Trade Organization said on Tuesday. "We expect trade to continue its slow recovery but with economic growth still fragile and continued geopolitical tensions, this trend could easily...

  • WTO CHIEF ECONOMIST SAYS WTO USES IMF GDP FORECASTS, DOES NOT EXPECT ANY REVISION TO WTO FIGURES FROM IMF'S NEW GDP NUMBERS LATER ON TUESDAY WHICH WILL BE "IN THE SAME BALLPARK".

  • WORLD BANK SAYS OUTLOOK FOR DEVELOPING EAST ASIA AND PACIFIC REGION IS SUBJECT TO "SIGNIFICANT RISKS" DUE TO UNCERTAINTIES IN GLOBAL ECONOMY.

  • SINGAPORE, April 13- The World Bank cut its 2015 growth forecasts for developing East Asia and China, and warned of "significant" risks from global uncertainties including the potential impact from a strengthening dollar and higher U.S. interest rates. The Washington- based lender expects the developing East Asia and Pacific region, which includes China, to grow...

  • SINGAPORE, April 13- The World Bank cut its 2015 growth forecasts for developing East Asia and China, and warned of' significant' risks from global uncertainties including the potential impact from a rising dollar and higher U.S. interest rates. Latest GDP growth projections, percent:. *East Asia and Pacific includes developing EAP and the Newly Industrialised...

  • BERLIN, April 11- Germany's economy minister warned on Saturday against overblowing expectations for an economic boost from a trade deal between the United States and European Union but said the pact was needed to set high common standards for consumers. The European Commission is trying to finalize a deal on the Transatlantic Trade and Investment...

  • GOIANIA, Brazil April 10- The Brazilian economy will likely shrink this year, but the South American country could return to growth in 2016 if it succeeds in boosting investor confidence with its austerity drive, the International Monetary Fund said on Friday. The IMF lowered its 2015 forecast for Brazil's economic performance to a 1 percent contraction from...

  • *China inflation flat, suggesting more easing ahead from Beijing. The stock market push was set to keep Wall Street going up when it resumes later and complemented more lows for euro zone bond yields after Greece repaid a loan tranche to the International Monetary Fund to keep alive its hopes of more aid. Subdued Chinese inflation also fuelled talk of additional...

  • *China inflation flat, suggesting more easing ahead from Beijing. The stock market push was complemented by another low for euro zone bond yields, after Greece repaid a loan tranche to the International Monetary Fund to keep alive its hopes of more aid. Subdued Chinese inflation also led to talk of additional stimulus from Beijing, and upbeat data from major...