GO
Loading...

International Organizations

More

  • DUBAI, March 26- Top oil exporter Saudi Arabia and Gulf OPEC ally Kuwait will beef up security around their oil facilities, they said on Thursday, after they and other Arab allies began a military operation in Yemen. Oil prices rallied on Thursday after the air strikes in Yemen, on the borders of Saudi Arabia, sparking fears of a wider Middle East conflict that could...

  • VICTORIA, March 26- The Seychelles' economy is seen growing by 3.5 percent this year from an estimated 3.3 percent in 2014, helped by a recovery in tourism, the International Monetary Fund said on Thursday. "Although the weak euro is putting some pressure on yields, tourism arrivals are rising moderately, and growth is projected at 3.5 percent, higher than...

  • U.S. business groups have already complained about the new rules, which China announced in December, and senior officials including Secretary of State John Kerry have written to their Chinese counterparts about them. Japan and the European Union have echoed U.S. concerns about the regulations, which China says aim to promote cybersecurity.

  • GENEVA, March 26- The United States is concerned about China's restrictions on the use of foreign information technology equipment by the banking sector, the United States said in a filing published by the World Trade Organization on Thursday. U.S. business groups have already complained about the regulations, and senior officials, including Secretary of...

  • WASHINGTON, March 26- Russia's $3 billion holding of Ukrainian debt should be classified as' official' debt, an IMF spokesman said on Thursday, weighing in on what has become a contentious issue in Kiev's economic situation. But Russia, which holds a $3 billion Eurobond from Ukraine, has so far refused to participate in the restructuring. Russia, which Western...

  • IMF says postpones Yemen loan program for now Thursday, 26 Mar 2015 | 10:43 AM ET

    WASHINGTON, March 26- The International Monetary Fund on Thursday said it was postponing its next review of its $553 million loan program to Yemen given the uncertain situation in the country. "Given a host of uncertainties surrounding Yemen at the moment, the first review of the Fund-supported program is postponed until the situation clarifies."

  • EU signals further divergence from global banking rules Thursday, 26 Mar 2015 | 8:23 AM ET

    LONDON, March 26- The European Union will continue to diverge from global banking regulations where necessary to avoid overburdening smaller lenders, the bloc's financial services chief said on Thursday. Hill said he would "differentiate" from other Basel rules, too, in an effort to ensure that EU legislation is proportionate and takes into account different...

  • NAIROBI, March 26- Kenya's shilling is overvalued by about 5 to 10 percent to the dollar but demand for imports and other market pressures are likely to weaken it gradually so no policy change is required, the IMF said. "We did an assessment a few months ago and we found there was an excess of valuation around 5 and 10 percent at that time," said Armando Morales, the...

  • KENYA'S SHILLING OVERVALUED BY 5 TO 10 PCT VS DOLLAR- IMF COUNTRY REPRESENTATIVE.

  • KENYA NEED NOT CHANGE EXCHANGE RATE POLICY AS SHILLING LIKELY TO ADJUST OVER TIME- IMF REP.

  • Russia says to restructure loans to Belarus Thursday, 26 Mar 2015 | 6:39 AM ET

    MOSCOW, March 26- Russia said on Thursday it would restructure some of its loans to Belarus, whose economy has been hurt by a weaker Russian rouble. The former Soviet republic has a record $4 billion in debt payments this year, mostly to Russia and the International Monetary Fund. Belarus has also asked the International Monetary Fund for a financial package, in...

  • BERLIN, March 26- European Union regulators plan a year-long investigation into ecommerce to help remove barriers to cross-border trade in the 28- nation bloc, the EU's antitrust chief said on Thursday. European Competition Commissioner Margrethe Vestager said she decided to launch the inquiry because such hurdles were hampering the growth of online...

  • YANGON, Myanmar— Myanmar is increasing the salaries of its government employees— doubling some of them— as of next month. Civil servants with the lowest pay of 75,000 kyats per month now will get 120,000 kyats under the new scale. According to the Asian Development Bank, Myanmar's current inflation of 6 percent is likely to increase to 8.4 percent in the upcoming...

  • HONG KONG, March 26- China sent a strong message to the International Monetary Fund this week urging that the yuan be included in its special drawing rights basket, with top officials promising further reforms and striving for full convertibility this year. The yuan's possible inclusion in the basket, an international reserve asset, will greatly enhance...

  • LONDON, March 25- Lawmakers on Wednesday accused the British government of burying a major review into Britain's relationship with the European Union meant to inform public opinion ahead of a possible referendum on membership of the bloc. Prime Minister David Cameron has promised to renegotiate Britain's EU ties before holding a referendum by the end of...

  • LONDON, March 24- Ukraine is trying to persuade bondholders to restructure debt to allow it to plug a $15.3 billion funding gap in a $40 billion bailout package led by the International Monetary Fund. Ukraine 23- Sep-15 6.875 USD 500 Ukraine 13- Oct-15 4.950 EUR 680 Ukraine 20- Dec-15 5.000 USD 3000 Ukraine 17- Jun-16 6.250 USD 1250 Ukraine 21- Nov-16 6.580 USD...

  • Hungary says EU to OK Russian fuel deal for nuclear plant Wednesday, 25 Mar 2015 | 9:32 AM ET

    BUDAPEST, Hungary— Hungary says it has reached an agreement with the European Union so Russia can supply fuel for 10 years after the expansion of its only nuclear power plant. Janos Lazar, head of Prime Minister Viktor Orban's office, said in a statement posted Wednesday that the fuel supply contract would be open to other bidders once the 10- year deal with Russia...

  • *China import tariffs 24.3-25.2 pct, for Taiwan 10.9-12 pct. BRUSSELS, March 25- The European Union will impose anti-dumping duties from Thursday on imports of cold-rolled stainless steel sheet from China and Taiwan, according to a notice on Wednesday in the EU's Official Journal. Eurofer has said China and Taiwan shipped 620 million euros of cold-rolled...

  • BRUSSELS— Two environmental groups say European Union nations continue to overfish their Atlantic waters despite commitments to fish sustainably and stay within safe scientific limits. Studies from the two obtained Wednesday by The Associated Press ahead of their release show that almost two out of three limits for catches in the waters off...

  • BRUSSELS, March 25- The European Union will impose punitive anti-dumping duties from Thursday on imports of stainless steel cold-rolled sheet from China and Taiwan, according to a notice on Wednesday in the EU's Official Journal. Eurofer has said China and Taiwan shipped 620 million euros of cold-rolled stainless steel into the EU in 2013, some 17 percent of...