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  • UKRAINE'S FINANCE MINISTER YARESKO SAYS KIEV EXPECTS FIRST TRANCHE OF IMF PROGRAMME THURSDAY, FRIDAY.

  • Greece, OECD, sign cooperation deal on reform Thursday, 12 Mar 2015 | 9:21 AM ET

    ATHENS/ PARIS, March 12- Greece and the OECD group of industrialised nations signed on Thursday a cooperation deal aimed at helping the crisis-hit euro zone country carry out reforms, officials said on Thursday. The OECD think tank is not part of the EU/IMF/ECB troika that has saved Greece from bankruptcy but which is widely hated in Greece for imposing...

  • EDINBURGH, March 12- The European Union is expected to make clearing of interest rate swaps mandatory from later this year, the bloc's securities market watchdog said on Thursday. Steven Maijoor, chairman of the European Securities and Markets Authority, told a pensions conference that the watchdog had completed an analysis of the interest rate swaps market...

  • EDINBURGH, March 12- The European Union is expected to make clearing of interest rate swaps mandatory from later this year, the bloc's securities market watchdog said on Thursday. Steven Maijoor, chairman of the European Securities and Markets Authority, told a pensions conference that the watchdog had completed an analysis of the interest rate swaps market...

  • LONDON, March 11- Ukraine, seeking to plug a $15 billion- plus funding gap via debt restructuring, may find that a multi-year payment moratorium does the trick, with investors possibly having to swallow a smaller eventual writedown than feared. The country has received the nod from the International Monetary Fund for a $17.5 billion loan package, and the fund...

  • Ukraine's credit default swaps fell 184 basis points after the International Monetary Fund approved a $17.5 billion loan package for the country, a decision that was widely expected. MSCI's emerging equity index ended nine days of losses to rise half a percent, as the dollar slipped off 11 1/ 2- year highs against a basket of currencies. "There is a bit of respite,...

  • WASHINGTON, March 11- The International Monetary Fund has agreed to pump $10 billion into Ukraine's troubled economy over the next year, providing swift assistance for the country's struggling finances as part of a larger four-year bailout. The IMF board on Wednesday approved a loan of $17.5 billion, with the bulk of the money heading out the door fast: $5...

  • IMF sees Ukraine returning to growth next year Wednesday, 11 Mar 2015 | 5:45 PM ET

    WASHINGTON, March 11- The International Monetary Fund said on Wednesday that Ukraine's economy should return to growth in 2016 after a deep contraction this year. In a news release providing details of its $17.5 billion loan to Ukraine, the IMF said the economy would likely shrink by about 5.5 percent this year, before rebounding with growth of 2 percent in 2016...

  • WASHINGTON, March 11- The International Monetary Fund has agreed to pump $10 billion into Ukraine's troubled economy over the next year, providing swift assistance for the country's struggling finances as part of a larger four-year bailout. The IMF board on Wednesday approved an overall loan of $17.5 billion, with the bulk of the money heading out the door fast:...

  • TORONTO, March 11- The United Nations aviation body's governing council elected Fang Liu, a veteran of China's aviation authority, as its new secretary general on Wednesday, the first woman to hold the position in the agency's 70- year history. Liu, who has worked at the International Civil Aviation Organization since 2007, is director of its Bureau of...

  • WASHINGTON, March 11- The International Monetary Fund's board signed off on a $17.5 billion four-year aid program for Ukraine on Wednesday, the second attempt in less than a year to pull its economy back from the brink of bankruptcy. But the IMF deemed insufficient the funds and agreed program duration to support Ukraine's economic reforms while the...

  • IMF approves $17.5 billion loan program for Ukraine Wednesday, 11 Mar 2015 | 12:59 PM ET

    WASHINGTON, March 11- The International Monetary Fund's board signed off on a $17.5 billion four-year aid program for Ukraine on Wednesday, the second attempt in less than a year to pull its economy back from the brink of bankruptcy. A statement from IMF Managing director Christine Lagarde did not provide details on how large an initial payment will be made to...

  • IMF BOARD SIGNS OFF ON $17.5 BLN FOUR-YEAR LOAN PROGRAM FOR UKRAINE-- IMF CHIEF LAGARDE.

  • LONDON, March 11- Ukraine, seeking to plug a $15 billion- plus funding gap via debt restructuring, may find that a multi-year payment moratorium does the trick, with investors possibly having to swallow a smaller eventual writedown than feared. The country is expected to get the nod from the International Monetary Fund later on Wednesday for a $17.5 billion loan...

  • INTERVIEW-Shale oil to dominate Russia-OPEC talks in June Wednesday, 11 Mar 2015 | 10:47 AM ET

    MOSCOW, March 11- Russia said on Wednesday it would meet OPEC in June to discuss the impact of shale oil on global markets, just days before the producers' group decides whether its policy of high production is sufficient to stifle the U.S. energy boom. The comment, from Russian Energy Minister Alexander Novak, comes as Saudi Arabia has said in recent weeks it wanted...

  • *Russia will discuss U.S. shale with OPEC- energy min. LONDON, March 11- Brent crude oil slipped to a one-month low below $56 a barrel on Wednesday before steadying as a rally in the U.S. dollar and global oversupply weighed. Russia's crude oil exports are also set to rise this year, Energy Minister Alexander Novak said, despite some expectations of a plunge in...

  • LONDON, March 11- Euro zone bond yields kept falling on Wednesday as the European Central Bank hoovered up government debt across the currency union at a rate matching its trillion-euro commitment over 1-1/ 2 years. But some overseas investors, mainly from the United States, were seen late on Tuesday. "After two days of Eurosystem purchases, it appears that the...

  • Novak told Reuters that Russia, one of the world's biggest oil producers, will maintain its crude oil output at over 10 million barrels per day, despite some expectations of a plunge in production due to lower prices. He said Russia will continue consultations with the Organization of the Petroleum Exporting Countries. Russia will meet OPEC officials in June in...

  • RUSSIAN ENERGY MINISTER SAYS AT NEXT MEETING WITH OPEC MEMBERS PLANNED FOR JUNE IN VIENNA, SHALE OIL OUTPUT IMPACT TO BE DISCUSSED.

  • After France, Ireland wants EU budget flexibility too Tuesday, 10 Mar 2015 | 12:39 PM ET

    *Ireland wants to have more spending space in 2016 budget. BRUSSELS, March 10- Ireland demanded more leeway on Tuesday for its budget spending next year after the European Commission showed leniency in applying EU rules to France and Italy. European Union finance ministers on Tuesday endorsed a Commission recommendation to give France, which has repeatedly...