Olli Rehn, the European Union's top economic policy maker and scourge of debt-fueled budget deficits, is fed up with austerity.» Read More
LONDON, April 17- European shares fell to their lowest level in around four months on Wednesday, as fresh concerns over the global economic recovery hit markets and led some to expect more weakness in the near-term. This added to negative sentiment after the International Monetary Fund trimmed its growth forecasts on Tuesday.
*Gold recovers after sharp falls but still volatile. NEW YORK, April 17- Worldwide shares and commodities fell on Wednesday as global growth concerns sparked by the International Monetary Fund overshadowed the prospect of central bank stimulus in the United States and Japan.
CAIRO, April 17- Negotiations between Egypt and the International Monetary Fund have not failed, the president's office said on Wednesday after an IMF delegation left Cairo without agreement on a $4.8 billion loan needed to ease a severe economic crisis.
LONDON, April 17- The yen fell against the dollar on Wednesday, with traders seeing little chance that Japan's G20 peers will make a significant stand against aggressive monetary easing that has hammered the currency. The dollar was up 0.2 percent against the yen at 97.75 yen, although it remained below the four-year high of 99.95 yen set last week.
LONDON, April 17- Copper fell on Wednesday after worries about economic growth and metals demand were reinforced by the International Monetary Fund downgrading its global growth projections for this year and next.
MEXICO CITY/ WASHINGTON, April 17- Global policymakers will discuss the impact of unprecedented monetary policy easing at meetings in Washington this week along with the softly-softly approach central banks will need to eventually wean the world off super-cheap funds.
NEW YORK, April 17- The euro tumbled against the dollar and yen on Wednesday after comments from a European Central Bank official stoked speculation of an interest rate cut in the euro zone.
WASHINGTON, April 16- The Bank of Japan's aggressive monetary easing is a welcome step in reviving the economy but could trigger a future spike in bond yields unless accompanied by a credible roadmap for fiscal consolidation, a senior International Monetary Fund official said on Tuesday.
WASHINGTON, April 16- The International Monetary Fund acknowledged on Tuesday that across-the-board U.S. government spending cuts this year which it viewed as "absurd" also delivered a distinct improvement in the outlook for the country's deficit and debt.
WASHINGTON, April 16- The U.S. economy would likely grow as much as 2 percentage points higher this year if the government were not tightening fiscal policy, a top International Monetary Fund official said on Tuesday. " Growth would probably be between 1.5 and two percent higher, "IMF chief economist Olivier Blanchard told a news conference.
WASHINGTON, April 16- The International Monetary Fund on Tuesday shaved projections for global economic growth for this year and next to take into account sharp government spending cuts in the United States and the latest struggles of recession-stricken Europe.
April 16- The International Monetary Fund had stern advice for the euro zone and other major economies on Tuesday in its periodic update on the health of the world economy.
WASHINGTON, April 16- The International Monetary Fund on Tuesday shaved its projections for global economic growth for both this year and next due to sharp government spending cuts in the United States and the latest struggles of recession-stricken Europe.
Annual consumer price inflation held at 2.8 percent, the same as in February and above the Bank of England's 2 percent target, although finance minister George Osborne has given the bank leeway to focus more on growth and allow some inflation overshoots.
CAIRO, April 16- Negotiations between Egypt and an International Monetary Fund mission ended without agreement on a proposed $4.8 billion euro loan to help tackle a severe economic crisis, but an IMF statement cited progress and said talks would continue.
SINGAPORE, April 15- The World Bank on Monday scaled back slightly its 2013 growth forecasts for emerging East Asia and warned about possible over-heating in the region's larger economies, but the global lender said the Bank of Japan's sweeping monetary expansion should provide a fillip to developing countries.
*Egypt has secured $5 billion from Arab allies. CAIRO, April 14- Egypt is close to an agreement with the International Monetary Fund on a $4.8 billion loan that would help it fight a deepening economic crisis but is still bristling at the conditions, diplomats said.
*Egypt has secured $5 billion from Arab allies. CAIRO, April 14- Egypt is stalling on the terms of a $4.8 billion International Monetary Fund loan to help it fight a deepening economic crisis, and no deal is likely while an IMF team is in Cairo, diplomats said on Sunday.
TOKYO, April 12- Japan's policy of boosting its economy with aggressive monetary stimulus is likely to win the understanding of major economies at their meeting in Washington next week, its newly appointed top financial diplomat said on Friday.
WASHINGTON, April 10- President Barack Obama asked Congress again on Wednesday to permanently boost U.S. funding to the International Monetary Fund, a measure that would increase the clout of China and other big emerging economies at the institution.