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International Organizations

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  • APEC trade chiefs vow to speed up work in WTO Sunday, 24 May 2015 | 7:32 AM ET

    MANILA, Philippines— Trade ministers from 21 Asia-Pacific countries on Sunday issued strong support to the World Trade Organization's efforts to boost global trade amid a flurry of regional free trade agreements. The FTAAP goal is being pursued as talks for the Trans-Pacific Partnership free trade initiative of 12 countries— including the United States,...

  • ATHENS/ LONDON, May 24- Greece cannot make debt repayments to the International Monetary Fund next month unless it achieves a deal with creditors, its interior minister said on Sunday, the most explicit remarks yet from Athens about the likelihood of default if talks fail. Shut out of bond markets and with bailout aid locked, cash-strapped Athens has been...

  • LONDON— Britain's opposition Labour Party says it won't try to block a referendum on whether Britain should remain in the 28- nation European Union. The party's acting leader, Harriet Harman, offered support for the vote in a commentary in the Sunday Times— a U-turn on Labour's previous stance. However, Harman says Labour will still campaign hard to keep Britain...

  • ATHENS, May 24- Greece will not make a debt repayment to the International Monetary Fund due next month as it does not have the money, the country's interior minister said on Sunday. "The four installments for the IMF in June are 1.6 billion euros, this money will not be given and is not there to be given," Nikos Voutsis told Greek Mega TV's weekend show.

  • "With the negotiations between Greece and the rest of the euro area at an impasse, an impatient German Chancellor Merkel has warned that an agreement must be reached before the end of the month," said Thomas Costerg, senior economist at Standard Chartered. Greece cannot make a payment to the International Monetary Fund due on June 5 unless foreign lenders...

  • DUBAI, May 24- OPEC is unlikely to change its production ceiling when the group meets in June, Iran's Oil Minister Bijan Zanganeh said on Sunday, according to the semi-official Mehr news agency. "Lowering OPEC's production ceiling requires consensus between all members... under current conditions it seems unlikely that the OPEC production ceiling will change,"...

  • DUBAI, May 24- OPEC is unlikely to change its production ceiling when the group meets in June, Iran's Oil Minister, Bijan Zanganeh, said on Sunday, according to the semi-official Mehr news agency. "Lowering OPEC's production ceiling requires consensus between all members... under current conditions it seems unlikely that the OPEC production ceiling will change,"...

  • IRAN OIL MINISTER SAYS OPEC UNLIKELY TO CHANGE PRODUCTION CEILING- MEHR NEWS AGENCY.

  • ATHENS, May 23- Greek Prime Minister Alexis Tsipras said on Saturday his government was on the final stretch of negotiations with its international lenders on a cash-for-reforms deal that would not involve further pension cuts and harsh austerity. After four months of talks with its euro zone partners and the International Monetary Fund, Athens is...

  • LONDON, May 23- The Bank of England plans to assess the implications of a possible British exit from the European Union, it said in a statement, confirming an email it inadvertently sent to a newspaper about the supposedly confidential research project. British Prime Minister David Cameron, who was re-elected on May 7, has pledged to reshape Britain's ties with...

  • LONDON, May 23- The Bank of England plans to assess the implications of a possible British exit from the European Union, it said in a statement, confirming an email it inadvertently sent to a newspaper about the supposedly confidential research project. British Prime Minister David Cameron, who was re-elected on May 7, has pledged to reshape Britain's ties with...

  • The Middle East and North Africa have the world's highest rate of youth unemployment, with 29.5 percent, up two percentage point from over a decade ago, according to the International Labor Organization. Citing figures by the International Monetary Fund, he said the gender gap in the Middle East is three times bigger than that in most developing economies.

  • TOKYO— Japan needs "bold action" on revamping its economy and improving its precarious national finances, the International Monetary Fund says in its latest assessment of the world's third-largest economy. It said doubts about Japan's "long-term fiscal sustainability"— whether it can pay off its huge debt— could rise if investors lose confidence.

  • *IMF: BOJ MUST BE READY TO EASE POLICY AGAIN Friday, 22 May 2015 | 2:00 PM ET
  • IMF WARNS AGAINST USING' OVERLY OPTIMISTIC' ASSUMPTION ON FISCAL REFORM.

  • IMF: IT WILL TAKE LONGER THAN BOJ EXPECTS FOR JAPAN TO HIT 2 PCT INFLATION EVEN WITH FURTHER EASING.

  • IMF: ANY MORE BOJ EASING WITHOUT BOLDER REFORMS COULD LEAD TO OVERRELIANCE ON YEN DEPRECIATION.

  • IMF: YEN'S VALUE ON REAL BASIS HAS STAYED BROADLY STABLE AFTER "SOMEWHAT WEAKER LEVEL" IN 2 ND HALF OF 2014.

  • TOKYO, May 22- The International Monetary Fund warned the Bank of Japan will take longer than it expects to hit its inflation target even with more monetary easing, and said "bolder" structural reforms are required to shake off an entrenched deflationary mindset. In a statement after "Article 4" consultations with Japanese policymakers released on Friday, the IMF...

  • WASHINGTON, May 22- The current slowdown in South Korea's economy could devolve into a protracted bout of deflation, the International Monetary Fund warned on Friday, urging the country's central bank to cut rates. The IMF also said the Korean won remains undervalued, and should be allowed to rise over time. Korean rates are already at a historic low of 1.75...