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  • ZURICH, Dec 17- The Swiss National Bank chose the first female director in its 107- year history on Wednesday as it braces for a potentially tough policy test if the European Central Bank starts full-blown quantitative easing in 2015.. Andrea Maechler, deputy division chief at the International Monetary Fund, will head the SNB department responsible for the...

  • BRUSSELS, Dec 17- The International Monetary Fund estimates Ukraine needs another $15 billion in financing to withstand an economic crisis but the European Union has only limited capacity to help, European Commission President Jean-Claude Juncker said on Wednesday. Ukraine will need $15 billion in addition to what is already planned, "he told the European...

  • BRUSSELS, Dec 17- The International Monetary Fund estimates Ukraine needs another $15 billion in financing to withstand an economic crisis but the European Union has only limited capacity to help, European Commission President Jean-Claude Juncker said on Wednesday. "Ukraine will need more help. Ukraine will need $15 billion in addition to what is already...

  • EU'S JUNCKER SAYS IMF ESTIMATES UKRAINE NEEDS ANOTHER $15 BILLION IN FINANCING TO WITHSTAND AN ECONOMIC CRISIS, SAYS EU HAS LIMITED CAPACITY TO HELP.

  • DUBAI, Dec 16- The Arab energy exporting states of the Gulf can cope comfortably with sliding oil prices, an International Monetary Fund official said on Tuesday, as a plunge in regional stock markets showed some local investors were panicking. If those levels persist next year, the six rich nations of the Gulf Cooperation Council will face the most dramatic...

  • WASHINGTON, Dec 15- Argentina has taken all the required steps so far to revamp its economic data but must still meet one more deadline as it seeks to bring the quality of its statistics in line with global standards, the International Monetary Fund's board said on Monday. The IMF, which requires accurate data to analyze the world's economies, censured Argentina...

  • WASHINGTON, Dec 15- Argentina has taken all the requisite steps so far to revamp its economic data, but it must still meet one more deadline as it seeks to bring the quality of its data in line with global standards, the International Monetary Fund's board said on Monday. The IMF, which requires accurate statistics to analyze the world's economies, censured...

  • WASHINGTON, Dec 12- The head of the International Monetary Fund said on Friday the global lender was ready to discuss ways to move forward without the United States on reforms that would give emerging markets greater IMF voting power. The agreed changes would double the Fund's resources and hand more IMF voting power to countries such as Brazil, Russia, India,...

  • BEIJING, Dec 12- China expressed regret on Friday at the failure of U.S. Congress to pass reforms to give emerging markets greater say at the International Monetary Fund. The changes would double the fund's resources and hand more IMF voting power to countries such as Brazil, Russia, India, China and South Africa, also known as BRICS. China also launched a proposed...

  • Greek stocks plunge further as elections loom Thursday, 11 Dec 2014 | 9:54 AM ET

    Snap elections are the best way to ensure stability in Greece, a senior policymaker told CNBC, despite stocks falling nearly 13% on news of the vote.

  • KIEV, Dec 11- Ukraine's prime minister on Thursday called for a conference of international lenders to be held to provide the country with extra funds to head off possible default. He specifically referred to a report in the Financial Times that the International Monetary Fund, which is visiting Kiev this week for talks on an existing $17 billion bailout...

  • WASHINGTON, Dec 9- The U.S. Congress is preparing to leave town for the holidays without passing reforms to give emerging markets greater say at the International Monetary Fund, a step the Obama administration has warned could undermine Washington's international influence. The changes would double the fund's resources and hand more IMF voting power to...

  • U.S. Congress will not pass IMF reforms this year Wednesday, 10 Dec 2014 | 11:42 AM ET

    WASHINGTON, Dec 9- Funding for the International Monetary Fund did not make it into U.S. spending legislation this year, another setback for historic reforms aimed at giving emerging markets more say in how the world lender is run. The reforms would double the fund's resources and hand more IMF voting power to countries like the BRICS: Brazil, Russia, India, China...

  • IMF visits Ukraine for bailout talks Monday, 8 Dec 2014 | 5:00 PM ET

    *Kiev had hoped to receive next tranche of $2.7 bln by year-end. KIEV, Dec 9- An IMF mission will visit Kiev on Tuesday to start a fresh round of talks with the new government linked to a $17 billion loan package that may have to be ramped up due to the financial toll of a separatist crisis in Ukraine's east. Kiev had expected that the next loan tranche, worth $2.7 billion,...

  • SANTIAGO, Dec 5- The slide in oil prices will probably cut Canadian economic growth by 1/ 3 of a percentage point in 2015, not the 1/ 4 point the Bank of Canada estimated in late October, bank Governor Stephen Poloz told Reuters on Friday. He was speaking on the sidelines of an International Monetary Fund forum in Santiago two days after he held the central bank's...

  • IMF head warns of bumpy road for Latin America Friday, 5 Dec 2014 | 12:21 PM ET

    SANTIAGO, Chile— Latin America faces a rocky road ahead despite social and economic achievements in recent years, the head of the International Monetary Fund said Friday. Lagarde said Latin America's outlook will now be influenced by shifting economic and financial conditions worldwide. Lagarde said Latin America's middle class had grown by about 50...

  • *U.S. Esmark Inc says interested in plant. BELGRADE, Dec 5- Serbia is inviting bids for an 80- percent stake in a loss-making steel mill, aiming to ease pressure on the country's finances. But in a loan deal with the International Monetary Fund agreed last month, the government committed to cut subsidies in order to curb the deficit and cap debt seen at 70 percent of...

  • TEGUCIGALPA, Dec 3- The International Monetary Fund on Wednesday said it had offered Honduras roughly $189 million in loans that the poor Central American country could tap to help contain a ballooning government deficit. Honduras is one of the poorest countries in the Americas and has the world's highest murder rate, fuelling a surge in child migration to the...

  • LONDON, Dec 3- With an economy in meltdown, a currency that has tanked 45 percent and a possible sovereign default ahead, more and more of Ukraine's companies are finding themselves unable to repay overseas debt. While a relatively modest $12.4 billion in private sector debt falls due in 2015, according to International Monetary Fund estimates, it still exceeds...

  • ATHENS, Dec 2- Greece has rejected its international lenders' demands for tax rises and income cuts next year, Prime Minister Antonis Samaras said on Tuesday, arguing such measures would be disastrous for the country which has emerged from a deep economic recession. "Greece has done a lot already," Samaras said during an economic conference. The finance ministry...