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  • MOSCOW, May 26- Russia is increasing its gold holdings because gold is a reserve asset that is free from legal and political risks, a senior central banker said on Tuesday. Russia increased its gold holdings for many months in a row last year, as shown by central bank and International Monetary Fund figures. Western sanctions imposed because of Russia's actions in...

  • ATHENS/ BRUSSELS, May 26- Greece and its Europeans creditors on Tuesday sought to play down fears that Athens would default on a payment to the International Monetary Fund next week. Running short of cash to pay public sector salaries, pensions and debt obligations, senior members of Prime Minister Alexis Tsipras's government have said openly that Greece does...

  • BRUSSELS, May 26- Cash-strapped Greece could avoid paying back the IMF on June 5 without defaulting if it lumps together all IMF repayments due in June and pays them at the end of the month, officials said on Tuesday. Greece has to repay the International Monetary Fund 300 million euros on June 5, the first of four installments due in June that total 1.6 billion euros.

  • Greece might sidestep June 5 IMF payment deadline Tuesday, 26 May 2015 | 9:18 AM ET

    BRUSSELS, May 26- Cash-strapped Greece could avoid paying back the IMF on June 5 and win more time to negotiate a funding deal without defaulting if it lumps together all IMF repayments due in June and pays them at the end of the month, officials said on Tuesday. Greece has to repay the International Monetary Fund 300 million euros on June 5, the first of four...

  • GREECE COULD AVOID HAVING TO PAY IMF ON JUNE 5 IF IT LUMPS TOGETHER ALL JUNE IMF BILLS AND PAYS AT END OF MONTH- OFFICIALS.

  • Greece mulls levy on undeclared deposits to raise cash Tuesday, 26 May 2015 | 8:33 AM ET

    ATHENS, Greece— Greece is proposing to legalize tax-dodgers' undeclared money for a fee, a way to raise money as the country tries to reach a deal with creditors to get more bailout money and avoid default. The new, radical left-led government in Athens says that without the money it can't make a debt payment to the International Monetary Fund on June 5.

  • *IMF expects China growth of 6.8 pct this year. BEIJING, May 26- China's yuan currency is no longer undervalued after its recent gains, but the government should quicken reforms to get to having "a floating exchange rate", the International Monetary Fund said on Tuesday. In a reference to how China still has a large trade surplus, despite a stronger yuan, the IMF said...

  • IMF official says China's yuan no longer undervalued Tuesday, 26 May 2015 | 6:37 AM ET

    BEIJING— The International Monetary Fund no longer believes China's tightly controlled currency is undervalued, an IMF official said Tuesday, a stance that might help Beijing in its wrangling with Washington over exchange rate controls. The IMF's first deputy managing director, David Lipton, also said Beijing should work toward having a floating exchange...

  • *IMF expects China growth of 6.8 pct this year. BEIJING, May 26- China's yuan currency is no longer undervalued after its recent substantial appreciation, but the government should quicken reforms to get to having "a floating exchange rate", the International Monetary Fund said on Tuesday. In a reference to how China still has a large trade surplus, despite yuan...

  • BEIJING, May 26- China should step up fiscal support for its economy if growth dips below 6.5 percent this year, or prepare to take steps to rein in credit and investment if growth surprises on the upper side, the International Monetary Fund said on Tuesday. The IMF said China still faced risks form unsustainable credit and investment growth and urged the...

  • PARIS, May 25- Greece's budget proposals are insufficient to ensure a surplus this year, International Monetary Fund chief economist Olivier Blanchard was quoted as saying on Monday. Blanchard told French financial daily Les Echos in an interview that Greece was supposed to have a 3 percent 2015 budget surplus, but that this goal was probably not realistic at...

  • *Markets in U.S., much of Europe closed on Monday. LONDON, May 25- European shares fell in thin trade on Monday while the dollar held firm after U.S. A warning on Sunday by Greece's interior minister that the country will not be able to meet a June 5 repayment to the International Monetary Fund, and political concerns in Spain after the ruling People's Party took a...

  • Asian stock markets mostly higher in quiet trading day Sunday, 24 May 2015 | 11:29 PM ET

    BEIJING— Asian stocks were mostly higher Monday on a quiet trading day with Hong Kong, Wall Street and London closed for holidays. Singapore, Manila and New Zealand also rose. GREECE DEBT: Greece's ruling Radical Left Coalition rejected a call by party hardliners to skip its next payment to the International Monetary Fund.

  • ATHENS, Greece— Greece will continue paying its debts, after its ruling Radical Left Coalition narrowly rejected a call by party hardliners to miss its next International Monetary Fund loan payment. This was just the latest push in Greece to miss an IMF payment. Greece owes a total of 1.56 billion euros in June.

  • ATHENS/ LONDON, May 24- Greece cannot make debt repayments to the International Monetary Fund next month unless it achieves a deal with creditors, its interior minister said on Sunday, the most explicit remarks yet from Athens about the likelihood of default if talks fail. Shut out of bond markets and with bailout aid locked, cash-strapped Athens has been...

  • ATHENS/ LONDON, May 24- Greece cannot make debt repayments to the International Monetary Fund next month unless it achieves a deal with creditors, its interior minister said on Sunday, the most explicit remarks yet from Athens about the likelihood of default if talks fail. Shut out of bond markets and with bailout aid locked, cash-strapped Athens has been...

  • ATHENS, May 24- Greece will not make a debt repayment to the International Monetary Fund due next month as it does not have the money, the country's interior minister said on Sunday. "The four installments for the IMF in June are 1.6 billion euros, this money will not be given and is not there to be given," Nikos Voutsis told Greek Mega TV's weekend show.

  • "With the negotiations between Greece and the rest of the euro area at an impasse, an impatient German Chancellor Merkel has warned that an agreement must be reached before the end of the month," said Thomas Costerg, senior economist at Standard Chartered. Greece cannot make a payment to the International Monetary Fund due on June 5 unless foreign lenders...

  • ATHENS, May 23- Greek Prime Minister Alexis Tsipras said on Saturday his government was on the final stretch of negotiations with its international lenders on a cash-for-reforms deal that would not involve further pension cuts and harsh austerity. After four months of talks with its euro zone partners and the International Monetary Fund, Athens is...

  • The Middle East and North Africa have the world's highest rate of youth unemployment, with 29.5 percent, up two percentage point from over a decade ago, according to the International Labor Organization. Citing figures by the International Monetary Fund, he said the gender gap in the Middle East is three times bigger than that in most developing economies.