Economic Organizations
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LONDON, May 22- Britain's government should spend more now to fund investment and steer its economy back to recovery, the International Monetary Fund said on Wednesday, a call unlikely to be heeded by finance minister George Osborne.
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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.
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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.
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NEW YORK, April 10- Global growth is likely to remain tepid this year and central banks should keep their easy monetary policy in place, the head of the International Monetary Fund said on Wednesday.
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PARIS, March 10- Embargo 1000 GMT! The Paris- based think tank's composite leading indicator shows growth firming in Japan and picking up in China while the outlook is improving for Italy and France is stabilising.
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MANILA, April 9- The Asian Development Bank released its 2013 outlook for 45 economies in developing Asia, which spans the Pacific to Central Asia. The report is available on the ADB's website www.adb.org.
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MANILA, April 9- Growth in developing Asia is seen gaining momentum this year, powered by rising domestic consumption and intra-regional trade, but authorities need to ward off risks of inflation and asset bubbles arising from strong capital inflows, the Asian Development Bank said.
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BOAO, China, April 7- The head of the International Monetary Fund hailed Japan's unprecedented monetary policy boost this week as a welcome support for a world economy that she said has improved from a year ago.
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BEIJING, April 7- A huge monetary stimulus package to be unleashed by the Bank of Japan this week is a welcome step in supporting growth in the world economy, the managing director of the International Monetary Fund said on Sunday.
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*$4.8 billion loan needed to bolster economy in crisis. CAIRO, April 4- Egypt's planning minister said on Thursday the government expects to reach a final agreement with the International Monetary Fund on a $4.8 billion loan within two weeks, the state news agency MENA reported.
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CAIRO, April 4- Egypt's planning minister said on Thursday the government expects to reach a final agreement with the International Monetary Fund over a $4.8 billion loan within two weeks, the state news agency MENA reported. Ashraf al-Araby also said that Cairo had not requested an increase in the amount of the loan, needed to avert a deepening economic crisis.
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If it fails, international lenders may have to do what they wanted to avoid and which Germany and its northern European allies may baulk at- give Cyprus more money. Nicosia will get 10 billion euros over three years from the euro zone and the International Monetary Fund.
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*Moussa, Abolghar both say Egypt needs the loan. CAIRO, April 2- Egypt predicts a speedy conclusion to talks with the International Monetary Fund on a $4.8 billion loan that will help save its economy from crisis.
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TOKYO/ BRUSSELS, March 25- Japan and the European Union agreed on Monday to launch talks on one of the world's most ambitious trade deals despite opposition from European carmakers, a test of how far both sides are willing to go in their hunt for economic growth.
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TOKYO/ BRUSSELS, March 25- Japan and the European Union launched talks on Monday towards one of the world's most ambitious trade deals, in a test of how far both sides are willing to go in their hunt for economic growth.
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TOKYO/ BRUSSELS, March 25- Japan and the European Union agreed on Monday to launch talks on one of the world's most ambitious trade deals despite opposition from European carmakers, a test of how far both sides are willing to go in their hunt for economic growth.
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*Cyprus a "casino economy", says French minister. With Cyprus facing a Monday deadline to avert a collapse of its banking system, Anastasiades met the heads of the European Union, the European Central Bank and the International Monetary Fund to try to craft a deal on a 10 billion euro bailout after a first attempt collapsed last week.
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MILAN, March 24- The International Monetary Fund is planning to cut its U.S. growth forecast for this year due to higher taxes and spending cuts, Italian news agency ANSA said, citing a draft of the IMF's next World Economic Outlook report.
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NICOSIA/ MOSCOW, March 22- Cyprus's finance minister left Moscow empty-handed on Friday after Russia turned down appeals for aid, leaving the island to strike a bailout deal with the European Union before Tuesday or face the collapse of its financial system.
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*Eurogroup chairman says Russia won't lend Cyprus more. NICOSIA/ FRANKFURT, March 21- The European Union gave Cyprus till Monday to raise the billions of euros it needs to clinch an international bailout or face the collapse of its financial system and likely exit from the euro currency zone.
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WASHINGTON, March 20- The White House on Wednesday formally notified Congress of its plans to begin free trade talks with the 27- nation European Union, an effort to build on the world's largest trade and investment relationship to spur new economic growth.