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  • *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...

  • WASHINGTON, Oct 11- The world's biggest emerging and developed economies have reiterated their commitment not to target exchange rates with monetary policy, European Central Bank President Mario Draghi told a news conference on Saturday.

  • WASHINGTON, Oct 10- Brazilian Finance Minister Guido Mantega took the International Monetary Fund to task on Friday for "contradictory" assessments of Brazil's economy, saying the global lender should be more careful in its forecasting. The IMF on Tuesday cut its 2015 growth forecast for Brazil by 0.6 percentage point to 1.4 percent, casting a sharp light on...

  • WASHINGTON, Oct 10- The drop in global oil prices should not affect the spending plans of oil-producing countries in the Middle East in the near-term given their large financial reserves, the head of the IMF's Middle East and Central Asia Department said on Friday. The official, Masood Ahmed, told reporters that every oil producer in the region outside of the Gulf...

  • WASHINGTON, Oct 9- Group of 20 nations agree on the need for each member to pursue a package of fiscal, monetary steps and structural reforms to revive growth as the global economic recovery remains patchy, Japanese Finance Minister Taro Aso said on Thursday. Aso said Japan broadly supports a proposal by G20 chair Australia to set up a new centre to promote...

  • WASHINGTON, Oct 9- The mix of low interest rates, high liquidity and low volatility in the global economy is "not without danger," European Central Bank Governing Council member Jens Weidmann said on Thursday. Speaking on the sidelines of World Bank and International Monetary Fund meetings, Weidmann said he expected discussion on Friday, when Group of 20...

  • SINGAPORE, Oct 10- Gold retained gains from a four-day rally on Friday and was headed for its best week in nearly four months as a slump in equities and growing worries over the global economy attracted safe-haven bids for the metal. *Earlier this week, the International Monetary Fund cut its global economic growth forecasts for the third time this year, warning of...

  • COLUMN-Old measures for New Mediocrity: James Saft Thursday, 9 Oct 2014 | 4:20 PM ET

    Oct 9- The IMF's "new mediocre" has the sound of a threat, but we may end by wishing it was a promise. The global economy is "looking into the face of what we have called the risk of a new mediocre" period in economic growth, "IMF managing director Christine Lagarde said on Thursday in Washington D.C. at the annual IMF and World Bank meetings. The IMF's advice relies heavily on...

  • *U.S., Germany lack political will to spend. Germany is in danger of slipping into recession, China has slowed, and U.S. policymakers are concerned a fresh bout of global weakness will stymie the U.S. recovery as well. International Monetary Fund Managing Director Christine Lagarde issued a blunt call on Thursday for the United States and Germany to open the taps...

  • IMF urges countries to take growth seriously Thursday, 9 Oct 2014 | 10:21 AM ET

    WASHINGTON, Oct 9- The world's policymakers must take economic reforms more seriously, or they could see their economies stuck in a muddle of mediocre growth with high debt and unemployment, the head of the International Monetary Fund said on Thursday. IMF Managing Director Christine Lagarde said her advice had not changed much since six months ago- the last...

  • WASHINGTON, Oct 8- Recent declines in the yen are due largely to the dollar's strength and are not unexpectedly big when measured on a real, effective basis, a senior International Monetary Fund official said on Wednesday. "What's happening now is dollar strengthening. The U.S. economic outlook is quite favorable, "IMF Deputy Managing Director Naoyuki Shinohara...

  • Central banks cut their euro holdings in the second quarter, in the largest drop in almost two years, according to figures from the International Monetary Fund last week, and analysts estimate their sales at around $40 billion worth when adjusted for exchange rate and valuation effects. Since the European Central Bank cut the interest rate on deposits at the...

  • But data and forecasts from China, Spain and Germany all supported the picture painted by the International Monetary Fund on Tuesday: a world economy struggling to end a cycle of low growth and financial trauma it has been stuck in since 2008.. Japan's Nikkei index lost 1.2 percent and Asian shares outside Japan fell by a full percentage point.

  • LONDON, Oct 8- Copper steadied on Wednesday as the dollar lost momentum yet the metal remained near five-month lows on concerns about economic growth in China and Europe. The International Monetary Fund on Tuesday cut its global growth forecasts for a third time this year while data showed German industrial output in August in its biggest fall since the...

  • OECD SEES WEAKENING GROWTH IN EURO AREA, STABLE FOR OTHER MAJOR ECONOMIES.

  • PARIS, Oct 8- Most major world economies are continuing to show stable growth momentum, but within the euro zone Germany and Italy are losing steam, the OECD said on Wednesday. The figures from the Paris- based Organisation for Economic Cooperation and Development added to a range of recent surveys which pointed to weakness in the euro area and came a day after the...