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  • FORMER IMF ECONOMIST KRUEGER SAYS PUERTO RICO HAS HIGH DEBT, UNSUSTAINABLE FISCAL POSITION, DECLINING POPULATION AND NO ECONOMIC GROWTH AND THIS "NEEDS TO BE ADDRESS AS A PACKAGE".

  • LONDON, June 29- Greece is almost certain to miss a 1.6 billion euro payment to the International Monetary Fund on Tuesday but it's touch-and-go whether it will have to leave the euro zone, a snap Reuters poll found. The poll of more than 70 economists and traders, taken on Monday after talks between Athens and its creditors broke down, concluded there was a median 90...

  • ACCRA, June 29- Ghana is likely to clear the first review of its $918 million programme with the International Monetary Fund and secure a fresh disbursement of funds aimed at stabilising its economy, sources close to the deal said on Monday. The $115 million due in August is vital to shore up Ghana's currency, which has fallen to record lows, and to convince...

  • US STOCKS-U.S. futures fall as Greek crisis worsens Monday, 29 Jun 2015 | 7:05 AM ET

    June 29- U.S. stock index futures fell around 1 percent on Monday as fears that Greece could be the first country to exit the euro zone intensified after bailout talks with lenders broke down over the weekend. *Greece faces defaulting on 1.6 billion euros of loans from the International Monetary Fund on Tuesday. *The impending default on IMF loans leaves Greece...

  • NEW YORK, June 29- A report by former International Monetary Fund staffers commissioned by Puerto Rico's government is proposing a tough economic adjustment plan for the indebted U.S. territory and its creditors. *Puerto Rico's debt service is unsustainable and it suggests that debt relief could take the form of a voluntary exchange of old bonds for new ones...

  • Euro falls broadly as Greek default looms Sunday, 28 Jun 2015 | 2:57 PM ET

    WELLINGTON, June 29- The euro fell broadly on Monday after Greece failed to strike a deal with its European lenders to secure more credit ahead of a looming deadline to repay a key International Monetary Fund loan, raising the risk that it may default and leave the euro zone. The euro fell nearly 2 U.S. cents to around $1.0985 in early Asia Pacific trade according to...

  • Following are news stories from the Bank for International Settlements' 85th annual report, in which the "central banks' central bank" warns of the financial and economic risks of keeping global interest rates too low. *Low rates fuel financial, growth instability: BIS. *Rising interest rates pose new risk for banks-BIS.

  • LONDON, June 28- Central banks with inflation targets are at growing risk of policy errors because they are struggling to adequately understand what drives inflation, the Bank for International Settlements said on Sunday. Federal Reserve, European Central Bank and Bank of England, have specific annual inflation goals over specific time horizons which they...

  • Athens asked for an extension of Greece's bailout programme beyond Tuesday, the day it must pay 1.6 billion euros to the International Monetary Fund or go bust. But the other 18 members of the euro zone unanimously rejected the request, freezing Greece out of further discussions with the European Central Bank and IMF on how to deal with the fallout from a...

  • LONDON, June 26- Zero hour comes for Greece on Tuesday, when Athens will either repay 1.6 billion euros to the International Monetary Fund after securing a last-ditch deal with its creditors or plunge into default. Non-payment after months of failed talks on unlocking frozen aid could trigger a bank run and capital controls and set twice-bailed-out Greece on a...

  • *EU's Tusk says "game nearly over" with Greece. *Greece faces default on Tuesday if no weekend deal. If Greece does not clinch an agreement at the weekend to unlock funds, it is set to default on an International Monetary Fund loan on Tuesday, possibly sparking a bank run, capital controls and raising doubts about its future in the euro zone.

  • IMF to Fed: Drop the dots Thursday, 25 Jun 2015 | 5:19 PM ET

    WASHINGTON, June 25- Now that International Monetary Fund head Christine Lagarde has told the Fed to wait to raise interest rates, the IMF staff has followed up with suggestions that the U.S. central bank remake its communications policy and, in a phrase, ditch the dots. The dot plot of interest rate projections issued by Fed officials every three months is...

  • *Euro zone finmins end 3rd meeting without agreement on Greece. A failure on Thursday to clinch a deal between Athens and its three creditor institutions- International Monetary fund, European Central Bank and European Union- set up a last-ditch effort to reach agreement on Saturday in order to avoid a default next week. That's kind of holding markets back, "said...

  • BRUSSELS/ ATHENS, June 25- Greece's international creditors gave Athens an ultimatum to come up with a credible reform plan on Thursday warning they would otherwise put their own proposals to euro zone finance ministers for approval, a euro zone official said. The dramatic move came hours before European Union leaders meet in Brussels for a summit on migration,...

  • *Street protests in Athens against more austerity. BRUSSELS, June 24- Negotiations to avert a Greek debt default stumbled on Wednesday and euro zone finance ministers accused Athens of refusing to compromise despite a deadline next week that could put it on a path out of the euro zone. Greece has to repay 1.6 billion euros to the International Monetary Fund next...

  • US STOCKS-U.S. stocks down on Greek debt crisis jitters Wednesday, 24 Jun 2015 | 12:50 PM ET

    *Apple rises; Netflix trims gains after Icahn comments. Tsipras is scheduled to meet the heads of the European Central Bank, the International Monetary Fund and the European Commission in Brussels before a meeting of euro zone finance ministers at 1300 p.m. ET. "The U.S. market is taking some signals from the weakness in Europe," said John Canally, chief economic...

  • ATHENS, June 24- Greece must present credible reform plans and they cannot be built only on promises of more tax revenues, International Monetary Fund chief Christine Lagarde said in an interview published by French magazine Challenges on Wednesday. Lagarde said she did not want Greece to leave the euro zone and did not believe in any euro zone "explosion".

  • Tsipras will meet the heads of the European Central Bank, the International Monetary Fund and the European Commission in Brussels before a meeting of euro zone finance ministers at 1300 p.m. ET. "Tensions seem elevated between Greece and its creditors," said Adam Sarhan, chief executive of Sarhan Capital in New York. "There are worries that if Greece defaults, how...

  • Cyprus economy forecast to begin recovery in 2015 Tuesday, 23 Jun 2015 | 10:31 AM ET

    NICOSIA, Cyprus— Bailed-out Cyprus' economy is projected to grow a modest 0.2 percent this year after contracting for three years, the International Monetary Fund said Tuesday. The IMF said in its latest review of Cyprus' bailout program that more business from other European Union countries will offset weaker demand from crisis-ridden Greece and Russia.

  • Asian stocks rise following US gains, Greek optimism Monday, 22 Jun 2015 | 10:24 AM ET

    NEW YORK— U.S. stocks advanced Monday as investors grew more optimistic that there would be a breakthrough in talks between Greece and its lenders. The country needs more loans from European lenders and the International Monetary Fund to enable it to make a June 30 debt payment. "An eleventh hour compromise was always the likely scenario and it looks like that is...