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  • 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...

  • BUCHAREST, Romania— Romania's central bank governor says the country cannot afford to come to the rescue of borrowers who took out loans in foreign currencies and are now pinched by higher costs. National Bank governor Mugur Isarescu said Friday such a measure could cost Romania up to 4.5 billion lei, or 0.6 percent of GDP. The International Monetary Fund has...

  • Ahead of the Bell: US Economy-GDP Friday, 30 Jan 2015 | 6:42 AM ET

    WASHINGTON— The Commerce Department issues its first of three estimates of how fast the U.S. economy grew in the October-December quarter. The report will be released at 8:30 a.m. EST Friday. Last week, the International Monetary Fund cut its outlook for global growth over the next two years, warning that weakness in most major economies will trump lower oil...

  • IMF sets June deadline for progress on governance reforms Wednesday, 28 Jan 2015 | 8:41 PM ET

    President Barack Obama has so far been unable to persuade Republicans in Congress to act on the measure. The board of the International Monetary Fund said Wednesday the institution's 188 member countries should agree on steps that could make "meaningful progress" toward the reforms by June 30, without providing details. Finance chiefs around the world had...

  • *Russia added 20.73 tonnes in December-IMF. *Gold price rose in December for first time in five months. SINGAPORE, Jan 27- Russia extended its buying spree of gold to a ninth straight month, and the price of gold rose for the first time in five months, data from the International Monetary Fund showed on Tuesday.

  • 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...

  • TRADE REPRESENTATIVE SAYS TREASURY IS ADDRESSING QUESTIONS ABOUT CURRENCY MANIPULATION BILATERALLY AND THROUGH G7, IMF.

  • *Russia added 20.73 tonnes in December-IMF. *Gold price rose in December for first time in five months. SINGAPORE, Jan 27- The Netherlands raised its gold holdings for the first time in 16 years in December, while Russia extended its buying spree of the precious metal to a ninth straight month, data from the International Monetary Fund showed on Tuesday.

  • WASHINGTON, Jan 26- The International Monetary Fund is ready to continue supporting Greece and looks forward to talks with the country's new government, IMF chief Christine Lagarde said on Monday.

  • *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...

  • *Syriza victory in Greece stokes concerns over Europe instability. Syriza leader Alexis Tsipras promised Greeks on Sunday that the five years of austerity imposed under bailout programmes worth 240 billion euros from the European Union and the International Monetary Fund were over. Expectations that a compromise can be reached between Athens and its...

  • 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.

  • Madagascar needs reforms to hit 5 percent growth - IMF Friday, 23 Jan 2015 | 11:55 AM ET

    ANTANANARIVO, Jan 23- Madagascar will not achieve the 5 percent growth the International Monetary Fund has projected for it this year unless it introduces reforms to boost tax revenue and improve the business climate, an IMF official told Reuters. But weak tax revenue, coupled with fuel subsidies and an under-funded civil service pension fund, are putting...

  • DAVOS, Switzerland, Jan 23- Germany will use all the wiggle room it has in its budget to boost public investment, Finance Minister Wolfgang Schaeuble said on Friday. Other euro zone countries like France and Italy, as well as the International Monetary Fund, have repeatedly urged Germany to use its fiscal space to boost spending on infrastructure.

  • BRUSSELS, Jan 23- Greece will have to ask for a new extension to its euro zone bailout programme before 1.8 billion euros in pending aid can be paid, a senior euro zone official said on Friday, stressing that a new government must first be in place to do so. Although the International Monetary Fund will continue to back Athens, the country needs to be under an European...

  • BRUSSELS, Jan 23- EU finance ministers will discuss on Tuesday offering additional money to help save Ukraine from bankruptcy, potentially increasing its original plan to as much as 2.5 billion euros, diplomats told Reuters. Ukraine, fighting a costly war against pro-Russian separatists, is relying on a lifeline from the International Monetary Fund...

  • Oil price may boost growth by 15-20%: World Bank Thursday, 22 Jan 2015 | 6:39 AM ET

    Low oil prices may increase economic growth by 15-20 percent this year, but some countries will still lose out, said the head of the World Bank.

  • DAVOS, Switzerland, Jan 21- Ukraine has requested a longer term funding programme from the International Monetary Fund and also plans to talk with holders of its sovereign debt with a view to improving debt sustainability, Finance Minister Natalie Jaresko said. "In view of our overall economic and financial situation, Ukraine is requesting an Extended Fund...

  • DAVOS, Switzerland— The head of the International Monetary Fund says Ukrainian President Petro Poroshenko has asked for a new program of financial rescue loans. Christine Lagarde met Poroshenko on Wednesday on the sidelines of an economic forum in Davos, Switzerland, and said in a statement that the Ukrainian leader had sought to replace the country's...