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  • IMF says Gaza reconstruction moving slowly Wednesday, 20 May 2015 | 7:27 AM ET

    GAZA CITY, Gaza Strip— The reconstruction of the Gaza Strip is going "far more slowly than expected" after a devastating war between Israel and the Hamas militant group last year, the International Monetary Fund said this week. The pledges were made at an international conference in Cairo after the end of the 50- day war last summer between Israel and Gaza's Hamas...

  • LONDON, May 20- The euro slid to a two-week low and a rally in European shares stalled on Wednesday after a Greek official said the country may not make an upcoming repayment to the International Monetary Fund. "With Greek government liquidity particularly tight and reports suggesting the IMF payment on June 5th is under question, then we expect further turmoil...

  • LONDON, May 20- The euro slid to a two-week low and a rally in European shares stalled on Wednesday after a Greek official said the country may not make an upcoming repayment to the International Monetary Fund. The pause in European shares mirrored the sticky performance of Asian bourses, although the Nikkei in Tokyo jumped to a 15- year high after Japan posted...

  • Greece faces June 5 default without bailout deal Wednesday, 20 May 2015 | 3:09 AM ET

    ATHENS, Greece— Greece will not be able to repay a loan to the International Monetary Fund early next month unless a deal is reached with its creditors to unblock bailout funds, the governing party's parliament spokesman said Wednesday. Greece's new government has been struggling for four months to agree on reforms that creditors require in return for the...

  • ATHENS, May 20- Greece will not be able to make a payment to the International Monetary Fund that falls due on June 5 without a deal with its international lenders, the government's parliamentary speaker said on Wednesday. Athens faces several payments totaling about 1.5 billion euros to the IMF next month and is in talks with the European Union and the...

  • Euro hits 2-week low on anxiety over Greek debt Wednesday, 20 May 2015 | 2:19 AM ET

    SINGAPORE, May 20- The euro fell on Wednesday after the Greek government's parliamentary speaker said Greece will not make a repayment to the International Monetary Fund that falls due on June 5 if there is no deal with its creditors by then. The euro extended its losses and hit a two-week low near $1.1092 at one point. It last traded at $1.1103, down 0.4 percent on...

  • DIARY- Emerging Markets Economic Events to June 1 Tuesday, 19 May 2015 | 8:02 PM ET

    ANKARA- Central bank of Turkey to hold monthly monetary policy committee meeting. PRAGUE- International Monetary Fund holds a press conference at the end of its annual mission to the Czech Republic- 1315 GMT. BRASILIA- International Monetary Fund head Christine Lagarde visits Brazil to participate in a central bank seminar about inflation targeting.

  • WASHINGTON, May 19- The International Monetary Fund is making "some" progress in discussions with Greece over an aid agreement, but it must also consider the views of the broader international community, the head of the institution said on Tuesday. Greece and its international creditors are trying to reach a deal that would keep Athens from running out of money in...

  • IMF says making 'some' progress in Greece talks Tuesday, 19 May 2015 | 11:05 AM ET

    WASHINGTON, May 19- The International Monetary Fund is making "some" progress in discussions with Greek officials over an aid agreement, but the IMF must also consider the views of the broader international community, the head of the financial institution said on Tuesday.

  • U.S. Congress moving closer to passing IMF reforms -Lew Tuesday, 19 May 2015 | 10:25 AM ET

    WASHINGTON, May 19- The U.S. Congress is moving closer to approving IMF reforms, and lawmakers are now trying to find the best timing and vehicle for getting the historic legislation passed, U.S. U.S. foot-dragging on reforms to the institution has blocked changes meant to give more voting power to emerging economies like China and India, frustrating countries...

  • TOKYO, May 19- The dollar held firm on Tuesday after U.S. bond yields jumped and as the euro came under renewed pressure on persistent worries that Greece may miss debt repayments next month. In a leaked internal memo, first disclosed by Britain's Channel 4 on Saturday, the International Monetary Fund acknowledged Greece had little chance of making a payment due...

  • El-Erian: Forget Greece, this has me worried Monday, 18 May 2015 | 1:48 PM ET
    Mohamed El-Erian

    Markets underestimate liquidity risks, which look more dangerous than Greece's debt situation, the Allianz economic advisor said.

  • *IMF raises Italy 2015 GDP forecast to 0.7 pct from 0.5 pct. ROME, May 18- The International Monetary Fund raised slightly its forecasts for Italy's economy this year and next on Monday and said Rome should take advantage of favorable external conditions to push through much-needed reforms. The IMF's mission chief, Petya Koeva Brooks, said low interest rates, the...

  • Greek bond yields soar due to default concern Monday, 18 May 2015 | 10:04 AM ET
    Greek Prime Minister Alexis Tsipras delivers a speech during the Economist Conference on "Europe: The comeback, Greece: How resilient?" in Athens May 15, 2015.

    Investors have been dumping Greek bonds amidst concerns that the country will not make a payment to the IMF due on June 5.

  • IMF says energy subsidized by $5.3 trillion worldwide Monday, 18 May 2015 | 10:04 AM ET

    WASHINGTON, May 18- Governments around the world charge prices for energy that do not account for its harmful environmental, health and other side effects, amounting to a $5.3 trillion "post-tax" subsidy this year, the International Monetary Fund said in a report on Monday. The United States was the second-biggest offender, with an estimated $699 billion subsidy,...

  • For almost four months, Greece's radical left-led government has been haggling with its creditors from the 19- country eurozone and International Monetary Fund over economic reforms it must make to secure a 7.2 billion euro cash injection. That is the final payment due from the country's 240 billion-euro bailout program, launched five years ago after...

  • ATHENS, May 15- Greek Prime Minister Alexis Tsipras on Friday vowed that his government would not back down from its red lines in negotiations with its foreign lenders but said a deal must be reached soon following months of talks. Athens is fast running out of cash and talks with European Union and IMF lenders on more aid have been deadlocked over their demands...

  • ATHENS, Greece— Greek Prime Minister Alexis Tsipras late Friday said his country's left-wing government is "very close" to reaching a vital deal with bailout lenders, but insisted there was "no possibility" of giving in to key demands including further cuts to pensions and wages. Eurozone creditors and the International Monetary Fund argue that Athens'...

  • DIARY- Emerging Markets Economic Events to May 28 Thursday, 14 May 2015 | 8:02 PM ET

    Greek Prime Minister Alexis Tsipras, Finance Minister Yanis Varoufakis, Deputy Finance Minister Dimitris Mardas, Economy Minister George Stathakis, Chief Executive of the European Financial Stability Facility and Deputy Director at the European Department at International Monetary Fund Pul Thomsen are among keynote speakers. PRAGUE- The "History of...

  • Amid criticism, ECB's Draghi says QE will continue Thursday, 14 May 2015 | 11:47 AM ET
    European Central Bank Governor Mario Draghi speaks at a news conference during the World Bank/IMF annual meetings in Washington, Oct. 11, 2014.

    Mario Draghi said the ECB will fully execute its QE program, adding that he sees little indication of financial imbalances emerging.