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  • DUBLIN, Jan 19- The European Central Bank should make sure any quantitative easing program it embarks on shares as much risk it can amongst its members, the head of the International Monetary Fund said on Monday. Markets expect the ECB to announce on Thursday that it will start printing money to buy government bonds in euro zone countries to prevent deflation.

  • NAIROBI, Jan 19- Kenya has asked the International Monetary Fund for a precautionary loan of about $750 million to help it deal with any future shocks to the economy, the IMF's resident representative said on Monday. Armando Morales told Reuters the request was contained in a letter from the Kenyan government received by the IMF last Friday.

  • NAIROBI, Jan 19- Kenya has asked the International Monetary Fund for a precautionary loan of about $750 million to help it deal with any future shocks to the economy, the IMF's resident representative said on Monday. Armando Morales told Reuters the request was contained in a letter from the Kenyan government received by the IMF last Friday.

  • 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— Two problems stemming from the 2008 financial crisis— heavy government borrowing and high unemployment— still pose challenges to the global economy and require bold action, the head of the International Monetary Fund said. Europe and Japan potentially face years of slow growth and ultra-low inflation, she said, while the United States "is the only...

  • 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...

  • EU offers some budget relief to struggling nations Wednesday, 14 Jan 2015 | 8:39 AM ET

    BRUSSELS— The European Union is giving member states struggling with debt more leeway in their spending plans despite EU rules on deficits and debt. EU officials raised the possibility Wednesday for nations like Italy and France to contribute to a planned 315 billion euro investment scheme to spur growth and jobs in Europe, even if their budgets are already...

  • 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.

  • MANILA, Philippines— The World Bank said Wednesday the Philippines can eliminate poverty within a generation as sustained economic growth in recent years has translated into more jobs and higher incomes. Poverty has remained at high levels in the Philippines relative to some East Asian countries, reflecting a succession of corrupt governments in past...

  • 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.

  • World Bank cuts 2015 forecast for global economy Tuesday, 13 Jan 2015 | 4:01 PM ET

    WASHINGTON— The World Bank, citing stagnation in Europe and Japan and a slowdown in China, downgraded its forecast for the global economy this year. "The recovery has been sputtering in the Euro Area and Japan as legacies of the financial crisis linger... China, meanwhile, is undergoing a carefully managed slowdown, "the bank said Tuesday in the first of its...