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  • ISTANBUL, Feb 9- Group of 20 finance officials look likely to reject a proposal to set countries specific investment targets to spur a global economy which appears increasingly reliant on the United States for growth. The meeting of finance ministers and central bankers in Istanbul comes as Greece casts a new shadow over Europe, cheap oil plays havoc with...

  • ISTANBUL, Feb 9- The recent slide in global oil prices is a benefit for the world economy and could lead to some upgrades of economic forecasts, Bank of Japan Governor Haruhiko Kuroda said on Monday. "For the world economy, without a doubt, weaker oil prices are a plus," Kuroda told reporters on the sidelines of the G20 meeting of finance ministers and central bankers in...

  • ISTANBUL, Feb 9- The recent slide in global oil prices is a benefit for the world economy and could lead to some upgrades of economic forecasts, Bank of Japan Governor Haruhiko Kuroda said on Monday.

  • ATHENS, Feb 9- Greece's primary budget surplus last year is expected to come in at 2.9 billion euros, Deputy Finance Minister Dimitris Mardas said on Monday. Such a surplus- which comes before debt repayments- would be roughly in line with revised targets set in a European Union/International Monetary Fund bailout. "As for the primary budget surplus... it seems to be...

  • *Greece casts long shadow at finance ministers' meeting. ISTANBUL, Feb 8- Group of 20 finance officials look likely to reject a proposal to set countries specific investment targets to spur a global economy which looks increasingly reliant on the United States for growth. The meeting of finance ministers and central bankers in Istanbul comes as Greece casts a...

  • Signs of economic pick-up in euro zone - OECD Monday, 9 Feb 2015 | 6:00 AM ET

    The leading indicator, designed to detect turning points in major economies, signaled stable growth in most big economies and signs of a pick-up within the euro zone in Germany, Italy and Spain, the Organization for Economic Cooperation and Development said. "The CLIs indicate stable growth momentum also in the OECD area as whole and in some of the major...

  • ISTANBUL, Feb 9- Bank of England Governor Mark Carney has urged the G20 to mount a "big push" to implement global regulatory reforms, fearing that governments may be tiring of non-stop rulemaking since the financial crisis six years ago. The G20 meeting in Turkey's financial capital this week will kick off discussions on whether there are "unintended...

  • ISTANBUL, Feb 9- The world's 20 biggest economies must focus on higher labour productivity and become more competitive and innovative if they want to deliver on a pledge to boost economic growth, the OECD said on Monday ahead of a G20 meeting. "Labour productivity remains the main driver of long-term growth," the Organisation for Economic Cooperation and...

  • Concern over the ability of the United States to sustain the global economy as most of the world slows will be high on the agenda as the Group of 20 leading economies hold talks in Istanbul on Monday and Tuesday. The meetings come as Greece casts a new shadow over Europe, cheap oil plays havoc with inflation and growth forecasts and a strengthening dollar...

  • ISTANBUL, Feb 8- World financial leaders are likely to agree on Tuesday to cut the number of actions they will take this year to boost growth to only 5-10 priorities per country to make it easier to check if they are being done, European officials said. "We support the Presidency's intention that G20 members agree on a shortlist of measures with the highest growth...

  • Concern over the ability of the United States to sustain the global economy as most of the world slows will be high on the agenda as the Group of 20 leading economies hold talks in Istanbul on Monday and Tuesday. The meetings come as Greece casts a new shadow over Europe, cheap oil plays havoc with inflation and growth forecasts and a strengthening dollar...

  • With Greece's woes casting a shadow over Europe again, cheap oil playing havoc with inflation and growth forecasts, and the strengthening dollar posing a threat to emerging market economies, the meetings come at a critical time. Turkey's Deputy Prime Minister Ali Babacan, who is in charge of the economy, has said tackling sluggish global growth and giving low...

  • LONDON, Feb 8- Meetings of G20 finance ministers and EU leaders top and tail this week with Greece's fate uppermost in policymakers' minds and global turbulence caused by diverging monetary policies and cheap oil coming a close second. Impromptu interest rate cuts have followed from India to Australia and Canada to Denmark, while China has cut bank reserve...

  • ATHENS/ BRUSSELS, Feb 6- Greece's new leftist-led government, isolated in the euro zone and under pressure from the European Central Bank, said on Friday it wanted no more bailout money with strings attached from the European Union and International Monetary Fund. The official said Greece was in effect asking for a "bridge agreement" to keep state finances...

  • IMF sees uncertainty about path of oil prices Friday, 6 Feb 2015 | 7:00 AM ET

    WASHINGTON, Feb 6- Uncertainty over the future path of oil prices could throw a wrinkle into the International Monetary Fund's predictions for the global economy, its staff said in a note on Friday. The outlook for petroleum prices, which have decreased more than 50 percent in the last seven months, is likely to form the backdrop for the ministerial meeting of the...

  • OTTAWA, Feb 5- As the Group of 20 leading economies head into ministerial talks in Turkey next week, Canada highlighted the uncertainty of the global economy and concerns over the ability of the United States to sustain global growth. A senior Canadian finance official, briefing reporters on Thursday ahead of the meeting Monday and Tuesday of finance ministers...

  • OTTAWA, Feb 4- Europe's economic troubles will be a key focus when Group of 20 finance ministers and central bankers meet in Istanbul next week, Canadian Finance Minister Joe Oliver said on Wednesday. A conundrum facing the G20 at the Feb. 9-10 meeting is figuring out what kind of joint action is appropriate given the current economic disparity: the United States...

  • ROME, Feb 4- Greece has started negotiations with the International Monetary Fund over a plan to swap its sovereign debt for growth-linked bonds, Finance Minister Yanis Varoufakis said in an interview published on Wednesday. The government of leftist prime minister Alexis Tsipras, elected last month on an anti-bailout ticket, is proposing to swap Greek bonds...

  • WASHINGTON, Feb 2- The International Monetary Fund on Monday signed off on a $688 million, one-year loan program for Kenya, which is meant to support the government's economic reforms and help it weather possible outside shocks. Kenya has said it does not intend to draw on the money, but rather have it on hand in case external shocks like weather, security concerns...

  • IMF approves $688 precautionary loan for Kenya Monday, 2 Feb 2015 | 4:00 PM ET

    WASHINGTON, Feb 2- The International Monetary Fund on Monday signed off on a $688 million, one-year loan program for Kenya, which is meant to support the government's economic reforms and help it weather possible outside shocks. Kenya has said it does not intend to draw on the money, but rather have it on hand in case external shocks like weather, security concerns...