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  • ISTANBUL, Feb 8- World financial leaders are likely to agree on Tuesday to cut the number of actions they will take this year to boost growth to only 5-10 priorities per country to make it easier to check if they are being done, European officials said. "We support the Presidency's intention that G20 members agree on a shortlist of measures with the highest growth...

  • Concern over the ability of the United States to sustain the global economy as most of the world slows will be high on the agenda as the Group of 20 leading economies hold talks in Istanbul on Monday and Tuesday. The meetings come as Greece casts a new shadow over Europe, cheap oil plays havoc with inflation and growth forecasts and a strengthening dollar...

  • With Greece's woes casting a shadow over Europe again, cheap oil playing havoc with inflation and growth forecasts, and the strengthening dollar posing a threat to emerging market economies, the meetings come at a critical time. Turkey's Deputy Prime Minister Ali Babacan, who is in charge of the economy, has said tackling sluggish global growth and giving low...

  • LONDON, Feb 8- Meetings of G20 finance ministers and EU leaders top and tail this week with Greece's fate uppermost in policymakers' minds and global turbulence caused by diverging monetary policies and cheap oil coming a close second. Impromptu interest rate cuts have followed from India to Australia and Canada to Denmark, while China has cut bank reserve...

  • ATHENS/ BRUSSELS, Feb 6- Greece's new leftist-led government, isolated in the euro zone and under pressure from the European Central Bank, said on Friday it wanted no more bailout money with strings attached from the European Union and International Monetary Fund. The official said Greece was in effect asking for a "bridge agreement" to keep state finances...

  • IMF sees uncertainty about path of oil prices Friday, 6 Feb 2015 | 7:00 AM ET

    WASHINGTON, Feb 6- Uncertainty over the future path of oil prices could throw a wrinkle into the International Monetary Fund's predictions for the global economy, its staff said in a note on Friday. The outlook for petroleum prices, which have decreased more than 50 percent in the last seven months, is likely to form the backdrop for the ministerial meeting of the...

  • OTTAWA, Feb 5- As the Group of 20 leading economies head into ministerial talks in Turkey next week, Canada highlighted the uncertainty of the global economy and concerns over the ability of the United States to sustain global growth. A senior Canadian finance official, briefing reporters on Thursday ahead of the meeting Monday and Tuesday of finance ministers...

  • OTTAWA, Feb 4- Europe's economic troubles will be a key focus when Group of 20 finance ministers and central bankers meet in Istanbul next week, Canadian Finance Minister Joe Oliver said on Wednesday. A conundrum facing the G20 at the Feb. 9-10 meeting is figuring out what kind of joint action is appropriate given the current economic disparity: the United States...

  • ROME, Feb 4- Greece has started negotiations with the International Monetary Fund over a plan to swap its sovereign debt for growth-linked bonds, Finance Minister Yanis Varoufakis said in an interview published on Wednesday. The government of leftist prime minister Alexis Tsipras, elected last month on an anti-bailout ticket, is proposing to swap Greek bonds...

  • WASHINGTON, Feb 2- The International Monetary Fund on Monday signed off on a $688 million, one-year loan program for Kenya, which is meant to support the government's economic reforms and help it weather possible outside shocks. Kenya has said it does not intend to draw on the money, but rather have it on hand in case external shocks like weather, security concerns...

  • IMF approves $688 precautionary loan for Kenya Monday, 2 Feb 2015 | 4:00 PM ET

    WASHINGTON, Feb 2- The International Monetary Fund on Monday signed off on a $688 million, one-year loan program for Kenya, which is meant to support the government's economic reforms and help it weather possible outside shocks. Kenya has said it does not intend to draw on the money, but rather have it on hand in case external shocks like weather, security concerns...

  • SAO PAULO, Feb 2- Brazil posted a wider-than-expected trade deficit in January even after imports and exports tumbled, government data showed on Monday. Brazil posted a surplus of $293 million for December. Brazil, which International Monetary Fund data shows is the Americas' most closed major economy, posted its first annual trade deficit in 14 years in 2014..

  • ECB's Liikanen: Lending to Greek banks in jeopardy Saturday, 31 Jan 2015 | 5:41 AM ET

    A deal on extending Greece's bailout deal must be found by the end of February or the ECB will not be able to continue lending to its banks, ECB council member Erkki Liikanen said.

  • HELSINKI, Jan 31- A deal on extending Greece's bailout deal must be found by the end of February or the European Central Bank will not be able to continue lending to its banks, ECB council member Erkki Liikanen said on Saturday. Europe's bailout programme for Greece, part of a 240- billion-euro rescue package along with the International Monetary Fund, expires on...

  • OTTAWA, Jan 30- Canada's economy will keep growing this year, despite a sharp drop in oil prices, as a rise in exports to a recovering U.S. market offsets declines in domestic consumption and investment, the International Monetary Fund said on Friday. The IMF said it supports the Bank of Canada's recent move to lower interest rates, though it encouraged...

  • NEW YORK, Jan 30- U.S. stocks fell on Friday, pressured by concern over euro zone stability and its potential impact on U.S. corporate results and by domestic economic growth data. Adding to concerns, Greece's finance minister said the government would not cooperate with the European Union and International Monetary Fund mission bankrolling the country and...

  • KIGALI, Jan 27- International Monetary Fund head Christine Lagarde has warned that African economies could be hurt by a slowdown in China's economy and an imminent hike in United States interest rates. "Momentum is slowing in many advanced and emerging economies, including China- one of Africa's main trading partners," Lagarde told Rwandan lawmakers in the...

  • *China pushing for greater recognition of yuan. LONDON/ WASHINGTON, Jan 26- China is expected to make another push for the inclusion of the yuan in the International Monetary Fund's in-house currency basket in a review later this year- and this time round its G20 partners may be willing to listen. One Asian G20 source said it would be welcomed by those like South...

  • Should the euro zone really fear demon deflation? Sunday, 25 Jan 2015 | 4:00 AM ET

    *Euro zone inflation negative in Dec for first time in 5 years. BRUSSELS, Jan 25- If the multi-billion dollar consumer electronics industry can function fine with constantly falling prices, why is deflation in the broader economy such a threat? European Central Bank policymakers have repeatedly warned of the risk of being drawn into a prolonged downward price...

  • ISLAMABAD, Jan 24- Pakistan's central bank cut its key discount rate to 8.5 percent from 9.5 percent on Saturday, in line with analyst expectations and citing lower inflationary pressure due to falling global oil prices. The International Monetary Fund saved Pakistan from possible default in 2013 by agreeing to lend it $6.8 billion over three years.