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Economic Organizations

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  • *World Bank cuts world growth outlook to 2.8 pct from 3 pct. LONDON, June 11- Oil prices steadied on Thursday as a bullish report from the International Energy Agency agency balanced a gloomy outlook from the World Bank, which cut its global economic growth forecast. But the market response was cautious after a downbeat assessment by the World Bank, which predicted...

  • *World Bank cuts world growth outlook to 2.8 pct from 3 pct. SINGAPORE, June 11- Crude oil futures fell on Thursday as the World Bank cut its global economic growth forecast, ending a two-day rally triggered by a sharp U.S. inventory drawdown. In its twice-yearly Global Economic Prospects report, the World Bank predicted the global economy would expand 2.8 percent...

  • Oil prices fall as World Bank cuts economic growth outlook Wednesday, 10 Jun 2015 | 11:09 PM ET

    *World Bank cuts world growth outlook to 2.8 pct from 3 pct. SINGAPORE, June 11- Crude oil futures fell early on Thursday as the World Bank cut its global economic growth forecast, ending a two-day rally triggered by a sharp U.S. inventory drawdown. In its twice-yearly Global Economic Prospects report, the World Bank predicted the global economy would expand 2.8...

  • SINGAPORE, June 11- U.S. crude futures fell early on Thursday as a cut in the World Bank's global growth outlook pulled them away from one-month highs, ending a two-day rally on a big U.S. stock drawdown. Front month U.S. crude had fallen 33 cents to $61.10 a barrel by 0032 GMT. *The World Bank predicted that India would be the fastest-growing major economy for the first...

  • WASHINGTON, June 10- The World Bank on Wednesday cut its global growth outlook for this year and urged countries to "fasten their seat belts" as they adjust to lower commodity prices and a looming rise in U.S. interest rates. "We at the World Bank have just switched on the seat belt sign," Basu said in a press conference in Washington. But the World Bank cut its 2015 growth...

  • MADRID, June 8- The International Monetary Fund on Monday increased its growth forecast for Spain in 2015 and 2016 to 3.1 percent and 2.5 percent from the 2.5 percent and 2 percent it forecast in April but warned the country against reversing unpopular reforms. Some investors have fretted that Spain could cool the pace of its reforms after the country's ruling...

  • MADRID, June 8- The International Monetary Fund on Monday increased its forecast for growth in Spain for 2015 and 2016 to 3.1 percent and 2.5 percent from the 2.5 percent and 2 percent it forecast in April. The IMF warned that Spain needed to make additional reforms since it was currently benefitting from lower oil prices, the depreciation of the euro and the...

  • KIEV, June 8- Ukrainian Finance Minister Natalia Yaresko said she was convinced Ukraine would receive $1.7 billion in a second tranche of credit from the International Monetary Fund, even if no deal was tied up with creditors to restructure huge debts. Ukraine, which has been driven to the edge of bankruptcy by gross economic mismanagement and a separatist...

  • *Greece postpones 300 million euro IMF repayment. ATHENS, June 5- Greek Prime Minister Alexis Tsipras on Friday spurned "absurd" terms of proposed aid from lenders and delayed a debt payment to the International Monetary Fund, prolonging an impasse that threatens to push Greece into default and out of the euro zone. The contradictory message underscored the...

  • US STOCKS-Futures lower ahead of May jobs data Friday, 5 Jun 2015 | 7:32 AM ET

    The Labor Department will issue the data at 8:30 a.m. ET. *The Federal Reserve Bank of New York President William Dudley speaks before the Economic Club of Minnesota June Luncheon, in Minneapolis, Minnesota at 12:40 a.m. ET. *Greece delayed a payment to the International Monetary Fund as Prime Minister Alexis Tsipras demanded changes to tough terms from...

  • DUBAI, June 4- The United Arab Emirates is set to post its first fiscal deficit since 2009 because of lower oil revenues, but it can avoid any serious economic slowdown, the International Monetary Fund said after annual consultations with UAE authorities. He estimated that at today's oil prices, the UAE could keep spending at current levels for at least 30-40...

  • WASHINGTON, June 4- The U.S. Federal Reserve should delay a rate hike until the first half of 2016 until there are signs of a pickup in wages and inflation, the International Monetary Fund said in its annual assessment of the economy on Thursday. Fed chair Janet Yellen has insisted the economy remains on track and that a rate rise this year is on the cards, although...

  • ANTANANARIVO, June 4- Madagascar has made state institutions more transparent and supported medium-term growth but the economy is struggling now due to weak commodity prices, bad weather and tax avoidance, the IMF said. The International Monetary Fund made the comments in a statement on Thursday at the end of its latest mission to Madagascar since it renewed...

  • WASHINGTON, June 3- Argentina has failed to take sufficient steps to bring the quality of its economic statistics in line with global standards, the International Monetary Fund's board said on Wednesday. The IMF, which requires accurate data to analyze the world's economies, censured Argentina in 2013 over failing to improve its inflation and gross domestic...

  • Growth is also being buoyed by ultra-supportive central bank policy in the big developed economies and in many places outside the United States by a stronger dollar, which makes the exports of other currency zones relatively cheaper. The Paris- based Organisation for Economic Co-operation and Development, a think tank funded by its membership of primarily...

  • ATHENS, June 3- Greece will not make a June 5 repayment to the International Monetary Fund if there is no prospect of an aid-for-reforms deal with its international creditors soon, the spokesman for the ruling Syriza party said on Wednesday. Greece owes a total of about 320 billion euros, of which about 65 percent to euro zone governments and the IMF, and about 8.7...

  • NEW YORK, June 2- U.S. stocks rose on Tuesday helped by the dollar's decline and bond yields rose while investors searched for clarity on Greece's debt crisis. Athens faces a Friday deadline to repay 300 million euros to the International Monetary Fund. "It is all revolving around the climactic situation in Europe," said Ken Polcari, Director of the NYSE floor...

  • LONDON, June 2- An international campaign to stamp out corporate tax dodging will fail and G20 leading economies should instead adopt a global minimum tax rate for multinationals, a coalition of 10 charities and human rights bodies said. The G20 asked the Organisation for Economic Co-operation and Development in 2013 to devise reforms to the international...

  • DIARY- Top Economic Events to June 15 Monday, 1 Jun 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on the U.S. economic outlook and monetary policy at the Center for Strategic and International Studies- 1400 GMT. PARIS- Organisation for Economic Cooperation and Development Forum 2015. PARIS- European Central Bank board member Daniele Nouy speaks at the panel discussion "Unlocking...

  • BERLIN/ BRUSSELS, June 2- The leaders of Germany, France and Greece's international creditor institutions agreed late on Monday to work with "real intensity" in the coming days as they try to clinch a deal in debt negotiations with Athens. Athens and its creditors from the euro zone countries and the International Monetary Fund are racing to hammer out a deal that...