BRUSSELS, May 18- Critics ridiculed European Union bureaucrats on Saturday for taking time off fighting the euro zone's debt crisis to impose strict new rules on how restaurants serve olive oil. "If the European Union was logical and properly run, people wouldn't be so anti- Europe.» Read More
SINGAPORE, April 15- The World Bank on Monday scaled back slightly its 2013 growth forecasts for emerging East Asia and warned about possible over-heating in the region's larger economies, but the global lender said the Bank of Japan's sweeping monetary expansion should provide a fillip to developing countries.
WASHINGTON, April 15- The World Bank's political risk guarantee agency hopes that with a new insurance facility it can help attract more companies into conflict-hit states early on as the country rebuilds and tries to get people back to work, a senior official said on Monday.
A delegation from the International Monetary Fund began a new round of negotiations with Tunisia's Islamist-led government on April 8. Tunisia plunged into crisis on Feb. 6 after the assassination of secular politician Belaid ignited the biggest street protests since the overthrow of strongman Zine al-Abidine Ben Ali two years ago.
Tunis, April 15- The International Monetary Fund and the Tunisian government have reached agreement on a $1.78 bln precautionary loan which will be announced on Tuesday, a senior government official told Reuters on Monday.
*Egypt has secured $5 billion from Arab allies. CAIRO, April 14- Egypt is close to an agreement with the International Monetary Fund on a $4.8 billion loan that would help it fight a deepening economic crisis but is still bristling at the conditions, diplomats said.
VIENNA, April 14- Austrian Foreign Minister Maria Fekter has declared a victory in her lonely battle with the other 26 European Union countries to maintain her country's banking secrecy and avoid reporting foreigners' accounts to their tax authorities. She has developed a thick skin in rising from small-town politics to become Austria's most powerful woman.
LONDON, April 14- Bankers are confident they can persuade the European Union that its proposed financial trading tax poses enough risks to struggling economies and banks to warrant being watered down.
*Egypt has secured $5 billion from Arab allies. CAIRO, April 14- Egypt is stalling on the terms of a $4.8 billion International Monetary Fund loan to help it fight a deepening economic crisis, and no deal is likely while an IMF team is in Cairo, diplomats said on Sunday.
Friday's weak data from the United States followed forecasts for lower global oil demand growth for 2013 released this week by the International Energy Agency, the U.S. Energy Information Administration and the Organization of the Petroleum Exporting Countries.
*Pressure on Austria to conform to EU rules on transparency. BRUSSELS, April 12- Tax dodging causes the European Union to lose around 1 trillion euros of income each year, the president of the European Council said on Friday as he announced that EU leaders would discuss the issue at a summit next month.
Early on Friday, Luxembourg Finance Minister Luc Frieden warned that Europe and the International Monetary Fund could not increase their 10 billion euro contribution to a bailout for Cyprus despite news that the cost for the debt-stricken island could be bigger than initially estimated.
JAKARTA, April 12- Indonesia will scrap import quantity limits on horticultural products, the trade ministry said on Friday, as it looks to head off a World Trade Organization trade spat with the United States. The United States said in March it had asked the WTO to strike down import restrictions imposed by Indonesia on horticultural and animal products.
TOKYO, April 12- Japan's policy of boosting its economy with aggressive monetary stimulus is likely to win the understanding of major economies at their meeting in Washington next week, its newly appointed top financial diplomat said on Friday.
*Traders cite lingering worries over Cyprus. Luxembourg's finance minister reiterated on Friday that Europe and the International Monetary Fund could not increase their 10 billion euro contribution to the bailout, but worries remain over Cyprus.
*Ministers set to give Ireland, Portugal longer to repay EU loans. DUBLIN, April 12- Austria vowed on Friday to stick to its bank secrecy laws, defying renewed pressure to follow Luxembourg in revealing information on European Union depositors with governments to clamp down on tax evasion.
*Finance ministers gather in Dublin after chaotic Cyprus bailout. DUBLIN, April 12- Austria will come under renewed pressure to prise open its bank secrecy rules at a two-day meeting of European Union finance ministers, starting on Friday, that will also seek to contain the fallout of a messy bailout of Cyprus.
WASHINGTON, April 11- The World Bank said on Thursday it would lend between $3 billion to $5 billion annually to India under a new four-year plan that focuses development projects on the country's poorest states.
NEW YORK, April 11- The International Monetary fund said the European Union was moving in the wrong direction by banning the use of a hedging strategy related to sovereign credit default swaps.
BRUSSELS, April 11- Google has formally submitted a package of concessions to European Union competition regulators in a strong signal that the world's No. 1 search engine may be able to settle a two-year antitrust investigation without a fine.
WASHINGTON, April 11- The International Monetary Fund on Thursday said it has found no evidence that ultra-low interest rates and large-scale bond buying by central banks have led to excessive risk-taking by investors, but warned those problems may still be building.