Economic Organizations


  • *Greece, Italy seen as most corrupt. BRUSSELS, Feb 3- Corruption costs Europe 120 billion euros a year, or around one percent of economic output, according to the first ever report on graft in the 28- nation European Union by the executive European Commission. Almost all firms in Greece, Spain and Italy believe it is widespread.

  • UPDATE 6-U.S. crude oil rises on strong GDP data Thursday, 30 Jan 2014 | 2:12 PM ET

    *China slowdown caps Brent gains. NEW YORK, Jan 30- U.S. crude oil rose about $1 on Thursday after government data showed solid economic growth in the fourth quarter of last year and as cold weather was expected to boost oil demand. Brent crude traded slightly higher, boosted by concerns over supply interruptions from Libya and expected declines in OPEC production.

  • DAVOS, Switzerland, Jan 25- Euro zone inflation is "way below target" and deflation is a potential risk for the bloc, International Monetary Fund Managing Director Christine Lagarde told the World Economic Forum in Davos on Saturday.

  • DAVOS, Switzerland, Jan 24- Countries across the world need to unwind expansive monetary policies and put more emphasis on reforming and repairing their economies, the head of the Bank for International Settlements told Reuters.

  • IMF to visit Iran later this week for economic review Thursday, 23 Jan 2014 | 10:30 AM ET

    WASHINGTON, Jan 23- The International Monetary Fund plans to visit Tehran later this week for its first regular assessment of Iran's economy in more than two years, IMF spokesman William Murray said on Thursday.

  • OECD chief economist sees deflation risk in Europe Wednesday, 22 Jan 2014 | 3:49 AM ET

    VIENNA, Jan 22- The European Central Bank should be ready to take measures including quantitative easing to ward off the danger of deflation in Europe, the OECD's chief economist said.

  • IMF raises Myanmar forecasts, praises reforms Tuesday, 21 Jan 2014 | 4:58 PM ET

    WASHINGTON, Jan 21- Myanmar is set to grow 7.5 percent during the current fiscal year, and about 7.7 percent in the next, the IMF said on Tuesday, as services and manufacturing expand in one of Southeast Asia's fastest-growing economies. The International Monetary Fund last predicted Myanmar would grow just under 7 percent this year.

  • NEW YORK, Jan 21- The dollar strengthened on Tuesday in tandem with U.S. Developed market currencies were given a boost after the International Monetary Fund raised its global economic growth forecast to 3.7 percent in 2014 from 3.6 percent in October, its first increase in estimates in near two years.

  • *IMF bumps up its 2014 growth projections. WASHINGTON, Jan 21- The International Monetary Fund raised its global growth forecast for the first time in nearly two years on Tuesday, saying fading economic headwinds should permit advanced nations to pick up the mantle of growth from emerging markets.

  • IMF sees higher global growth, warns of low inflation Tuesday, 21 Jan 2014 | 9:30 AM ET

    WASHINGTON, Jan 21- The International Monetary Fund raised its global growth forecasts for the first time in nearly two years on Tuesday amid rising demand and inventories in advanced economies, which picked up the mantle of growth from emerging markets.

  • *Call on OPEC increased by 200,000 bpd for 2014. LONDON, Jan 21- Global oil demand will increase more quickly this year as economic growth accelerates, outstripping supply even as shale oil production in the United States reaches record highs, the West's energy watchdog said on Tuesday.

  • *ECB says one-off adjustment in Germany behind the move. BRUSSELS, Jan 16- Euro zone inflation slowed in December, the European Union's statistics office confirmed on Thursday, in what the European Central Bank attributed last week to a one-off change in the method of calculating price growth in Germany.

  • WASHINGTON, Jan 15- The International Monetary Fund expects global growth to pick up this year, though it should still remain below its potential of about 4 percent, the head of the Fund said on Wednesday. IMF Managing Director Christine Lagarde also warned about the "rising risks" of deflation, as price growth remains below the target of many central banks.

  • *World Bank lifts growth outlook for first time in three years. LONDON, Jan 15- European shares scaled fresh 5-1/ 2 year highs on Wednesday, buoyed by strong data and a brighter outlook for the global economy, as well as by easing regulatory concerns about euro zone banks.

  • European shares rise after World Bank forecast Wednesday, 15 Jan 2014 | 3:11 AM ET

    PARIS, Jan 15- European stocks rose in early trade on Wednesday, with a key benchmark hitting a 5-1/ 2 year high, mirroring gains on Wall Street and in Asia on renewed hopes for global growth.

  • *World Bank raises forecast for global growth. *Japan's PPC, BHP take holiday from 2014 copper TC/RC term deals. SYDNEY, Jan 15- London copper was steady on Wednesday, with demand easing ahead of the Lunar New Year, but prices were buttressed by improving economic optimism after the World Bank raised its forecast for global growth.

  • SYDNEY, Jan 15- London copper edged up on Tuesday after the World Bank raised its forecast for global growth for the first time in three years, boosting sentiment and burnishing the outlook for demand. *The most-traded March copper contract on the Shanghai Futures Exchange inched up 0.1 percent to 51,710 yuan a tonne.

  • WASHINGTON, Jan 14- The World Bank on Tuesday raised its forecast for global growth for the first time in three years as advanced economies started to pick up pace, led by the United States. The bank expected stronger growth in the United States in particular, of 2.8 percent in 2014, from 1.8 percent last year.

  • PARIS, Jan 13- The outlook for advanced economies is improving as momentum shifts up a gear in the crisis-weary euro zone, the OECD's monthly leading indicator showed on Monday.

  • *International Monetary Fund will raise U.S. growth forecast. NEW YORK, Dec 23- The dollar drifted lower against the euro on Monday in thin trading, but optimism about the U.S. economy as the Federal Reserve started to withdraw some of its stimulus capped the currency's losses.

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