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  • Greece seen shaky as presidential vote fails again Tuesday, 23 Dec 2014 | 6:01 AM ET

    Greece's lawmakers failed again to approve the prime minister's choice of president — a result that could send the country back to the polls.

  • Brent prices have fallen more than 46 percent since the year's peak in June of above $115 per barrel, sped up by the November decision of the Organization of Petroleum Exporting Countries not to reduce production. Saudi Arabia has also convinced its fellow OPEC members it is not in the group's interest to cut oil output, however far prices may fall, the kingdom's...

  • SYDNEY, Dec 22- Copper prices inched down on Monday, reversing gains from the previous session on concerns over global oversupply. *The most-traded copper contract on the Shanghai Futures Exchange dropped 0.79 percent to 45,690 yuan a tonne. *The International Monetary Fund has urged Zambia to quickly resolve issues with mining companies over value-added tax...

  • The International Monetary Fund said it had productive talks with Ukraine officials this week, but the two parties failed to reach an agreement that would pave the way for Kiev to receive its next bailout tranche next month. Ukraine could default on its debt obligations if the situation does not change in the next few months, S&P said on Friday.

  • WASHINGTON, Dec 19- The International Monetary Fund said Friday it had productive discussions with officials in Ukraine this week, but failed to reach an agreement that would pave the way for Kiev to receive its next bailout tranche next month. Ukraine so far has received two tranches under the IMF program, worth a total of $4.6 billion. The European Union said on...

  • WASHINGTON, Dec 19- The International Monetary Fund said on Friday it had productive discussions with officials in Ukraine this week, and planned to return to Kiev for further talks in January. "We found that the Ukrainian authorities are preparing to move decisively on a broad and comprehensive agenda to stabilize and reform the economy, while coping with the...

  • IMF withholds bailout money for Cyprus Thursday, 18 Dec 2014 | 7:53 PM ET

    NICOSIA, Cyprus— The International Monetary Fund said Thursday it won't release $108 million in rescue money for bailed-out Cyprus after the country's parliament voted to hold a key foreclosure law from taking effect at the end of December. The European Union had released a $430 million installment prior to the vote, bringing the amount of bailout cash given...

  • IMF postpones Cyprus loan tranche after foreclosure law Thursday, 18 Dec 2014 | 6:11 PM ET

    WASHINGTON, Dec 18- The International Monetary Fund on Thursday said it could no longer release funds to Cyprus under its bailout this week, after the euro zone government suspended a foreclosure law that was required under the loan program. Cyprus needed an international bailout of 10 billion euros from the European Commission and the International...

  • Ireland repays $11 billion to IMF years early Thursday, 18 Dec 2014 | 1:57 PM ET

    DUBLIN— Ireland has repaid 9 billion euros to the International Monetary Fund several years early, a move that saves heavy interest costs and illustrates the strong Irish rebound after its bailout. Ireland received 67.5 billion euros from EU partners and the IMF in 2010 to fund the country through 2013. This year Ireland resumed borrowing at increasingly low...

  • 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...