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  • 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...

  • COLUMN-OPEC is winning its battle with U.S. shale: Kemp Tuesday, 10 Mar 2015 | 10:25 AM ET

    LONDON, March 10- U.S. shale producers are falling behind in the Red Queen's Race as the downturn in drilling means that new oil production is failing offset falling output from existing wells. But in the shale sector, the Organization of the Petroleum Exporting Countries has won its battle with U.S. shale producers and forced output growth to a standstill.

  • *OPEC meeting may coincide with Iran nuclear deal. DOHA, March 10- OPEC is likely to maintain its production policy at a meeting in June, Kuwait's OPEC governor said on Tuesday in the first public comment on what would be a crucial decision to determine the direction of global oil prices in the second half of the year. On Tuesday, Kuwait's OPEC governor Nawal...

  • ATHENS, March 10- Greece is set to tap into more than half a billion euros of funds sitting in the country's bank rescue fund as it scrambles to find money this month amid a cash crunch, banking and government sources told Reuters on Tuesday. The government faces a 1.5 billion euro loan repayment to the International Monetary Fund this month and has to refinance...

  • BENGHAZI, Libya, March 9- Libya is set to export more than two million barrels of crude oil this week from two ports in the east where output has topped 245,000 barrels per day, oil officials said on Monday. Rising exports from the ports of Hariga and Zueitina offer some hope for the OPEC member state's oil sector, which has been battered by Islamist militant attacks...