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  • BEIJING, Oct 29- China can afford to cut its 2015 economic growth target to 7 percent and still keep its labour market healthy, the World Bank said on Wednesday, even as it urged Beijing to stop setting rigid growth objectives. "Our policy message is the focus should be on reforms rather than meeting specific growth targets," Karlis Smits, a senior economist at the...

  • NEW YORK, Oct 28- Russia increased its gold reserves for a sixth straight month in September, while Azerbaijan added to its holdings for a second month, according to International Monetary Fund data released on Tuesday. Russia, which has one of the world's largest gold reserves, added 37 tonnes to its reserves last month, taking the total to 1,149 tonnes, while...

  • *Kiev in dire need of cash to pay gas bills. KIEV, Oct 28- Ukraine is unlikely to receive a second tranche of a $17- billion loan programme from the International Monetary Fund this year as expected, Finance Minister Oleksander Shlapak said on Tuesday, in the latest economic blow to the debt-ridden country. Ukraine, which has been fighting pro-Russian separatists...

  • DUBAI, Oct 27- Iraq's economy is likely to shrink 2.7 percent this year, the first contraction since the U.S.-led invasion in 2003, after Islamic State militants occupied swathes of the major oil exporter, the International Monetary Fund said on Monday. The al Qaeda offshoot then declared a caliphate in parts of Syria and Iraq and threatened to take Baghdad,...

  • LONDON, Oct 23- The euro recovered from a two-week low against the dollar on Thursday after data showed euro zone business growth unexpectedly picked up in October, though gains could be fleeting amid continued expectations of more monetary easing. The euro rose to $1.2662, rebounding from a two-week low of $1.2614 hit after data showed France's preliminary...

  • *OPEC ministers to meet in Vienna on Nov. 27. CALGARY, Alberta, Oct 20- Brent crude fell on Monday, dropping below $86 a barrel as worries about booming supply and sluggish demand pushed the global oil benchmark back toward last week's four-year low. Oil prices are down more than 25 percent since June on concern about a saturated global oil market and a gloomy economic...

  • *OPEC ministers to meet in Vienna on Nov. 27. CALGARY, Alberta, Oct 20- Brent crude fell below $86 a barrel on Monday as nagging concerns about abundant supply and sluggish demand pushed the global oil benchmark back down toward a four-year low hit last week. Oil prices are down more than 25 percent since June on concern about a saturated global oil market and a gloomy...

  • LONDON, Oct 19- Evaporating inflation and slowing growth have put financial markets into such a spin that they could inflict further damage on the world economy. With the Fed set to turn off its money taps at the end of this month, investors appear to have woken up to poor growth prospects in much of the world, something International Monetary Fund chief Christine...

  • EU, Singapore conclude investment protection talks Friday, 17 Oct 2014 | 7:43 AM ET

    BRUSSELS, Oct 17- The European Union has concluded talks on a free trade deal with Singapore by adding investor protection clauses, which critics like Germany say give multinationals too much power. German Economy Minister Sigmar Gabriel said last month that Germany rejected investment protection agreements and that it would not sign a trade pact concluded...

  • *Germany slashes growth forecasts, sentiment index turns negative. *Greece, Italy, Spain bonds hit by euro zone jitters. BERLIN/ LUXEMBOURG, Oct 14- Gloomy data on the euro zone's biggest economy, Germany, spooked financial markets on Tuesday and added weight to calls for faster efforts to revive public investment at a meeting of European Union finance ministers.

  • *Italy to complete budget plans on Wednesday. ROME/ BRUSSELS, Oct 13- Italian Prime Minister Matteo Renzi on Monday promised sweeping tax and spending cuts to help boost growth and jobs next year, as the European Commission considers whether to reject his budget plan for reducing debt too slowly. The premier announced the cuts as the European Union weighs whether...

  • The declines were sparked last week by a cut in the global growth forecast by the International Monetary Fund and disappointing economic data in Europe. Earnings season will pick up this week, with results expected from Dow components Intel, Johnson& Johnson, UnitedHealth, American Express and General Electric, as well as financials Morgan Stanley, Citigroup,...

  • US STOCKS-Wall St little changed after selloff Monday, 13 Oct 2014 | 10:02 AM ET

    The benchmark S&P index slumped 3.1 percent last week to sit just above its support level, the 200- day moving average of around 1,905. The declines were sparked by a cut in the global growth forecast by the International Monetary Fund and disappointing economic data in Europe. Earnings season will pick up this week, with results expected from Dow components...

  • The declines were sparked by a cut in the global growth forecast by the International Monetary Fund and disappointing economic data in Europe. Earnings season will pick up this week, with results expected from Dow components Intel, Johnson& Johnson, UnitedHealth, American Express and General Electric, as well as financials Morgan Stanley, Citigroup, Bank of...

  • NEW YORK, Oct 13- U.S. stock index futures were little changed on Monday after the S&P 500 suffered its worst weekly drop since May 2012 and the Dow moved into negative territory for the year on global growth concerns. The declines were sparked by a cut in the global growth forecast by the International Monetary Fund and disappointing economic data in Europe.

  • *Japan shut for holiday, China trade data in focus. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 percent, extending last week's 1.1 percent drop. At an International Monetary Fund and World Bank meeting in Washington on Saturday, IMF member countries called for bold action to bolster the global economic recovery and flagged Europe as a...

  • *China to offer data hints about its growth prospects. LONDON, Oct 12- China's economy, the second largest in the world, gets a spot check this week with a barrage of data due that should indicate how successful Beijing has been in supporting growth. The International Monetary Fund, for example, has lowered its growth expectations for this year and next in Europe,...

  • Brazil has been preparing for the hikes by amassing currency reserves and maintaining a floating currency, Tombini said on the sidelines of the International Monetary Fund and World Bank fall meetings in Washington.

  • Get bold on economy, ease up on budget cuts: IMF Saturday, 11 Oct 2014 | 2:24 PM ET
    The International Monetary Fund (IMF) logo is seen at the IMF headquarters building in Washington.

    The International Monetary Fund's member countries on Saturday said bold action was needed to bolster the global recovery.

  • IMF warns global economy at risk, calls for bold action Saturday, 11 Oct 2014 | 1:51 PM ET

    WASHINGTON, Oct 11- The International Monetary Fund's member countries on Saturday said bold action was needed to bolster the global economic recovery, and they urged governments to take care not to squelch growth by tightening budgets too drastically. European officials have sought to dispel the gloom, with European Central Bank President Mario Draghi on...