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  • DIARY-Emerging Markets Economic Events to March 4 Wednesday, 18 Feb 2015 | 7:02 PM ET

    ROME- OECD Secretary General Angel Gurria will present the Economic Survey of Italy at a news conference with Economy Minister and Finance Minister Pier Carlo Padoan. SINGAPORE- Singapore Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam will deliver the 2015 Budget statement in the Parliament- 0500 GMT. JERUSALEM- Bank of Israel announces...

  • DIARY-Top Economic Events to March 4 Wednesday, 18 Feb 2015 | 7:01 PM ET

    FRANKFURT- Andreas Dombre, a board member of Germany's Bundesbank, to speak at International Bankers Forum- 1500 GMT. ROME- OECD Secretary General Angel Gurria will present the Economic Survey of Italy at a news conference with Economy Minister and Finance Minister Pier Carlo Padoan. LONDON- ECB Board member Yves Mersch takes part in a panel discussion on "The...

  • WASHINGTON, Feb 18- The United States urged Greece on Wednesday to strike a deal with European authorities and the International Monetary Fund over a financial lifeline for the debt-laden nation, warning that failure to reach agreement would lead to immediate hardship. "urged Greece to find a constructive path forward in partnership with Europe and the IMF," a...

  • LONDON, Feb 18- The European Union looks set to reduce capital charges on some securitised debt to revive a market that triggered the global financial crisis, but is now seen as key to funding the region's flagging economy. The EU's executive European Commission said it was planning to create a new class of high quality, simple, asset-backed securities that could...

  • LONDON, Feb 18- Britain's opposition Labor Party came under pressure to offer voters a membership referendum on leaving the European Union on Wednesday after a senior official quit over the issue and a major donor prepared to call for a policy U-turn. Unlike Conservative Prime Minister David Cameron, Labor has resisted offering such a referendum in the run-up...

  • TOKYO, Feb 18- Global growth remains uneven and fragile, and the weaker-than-envisaged global economy poses important challenges to developing Asia, a senior IMF official said, citing weak investment as a key negative factor in the region. The global economy faces the prospect of subpar growth, despite a boost from the recent drop in oil prices, with diminished...

  • Feb 17- It is more than a coincidence: the growth of finance really is holding the rest of the economy back. Even worse, according to a new paper from the Bank for International Settlements, this likely happens in part because we have too many clever bankers who would be producing more of value as aerospace designers or drug researchers. We go on to show that...

  • BELGRADE, Feb 17- The sale of Serbia's sole steel mill to U.S. firm Esmark collapsed on Tuesday, in a blow to government efforts to rein in spending under the terms of a loan deal with the International Monetary Fund. The steel mill has been draining $120 million per year in taxpayers' money since Serbia bought it back from U.S. The government committed to cut...

  • ATHENS, Feb 17- A combative Greek Prime Minister Alexis Tsipras said on Tuesday his government would not succumb to blackmail from its euro zone partners and was in no hurry to reach a new debt agreement. His Syriza party intended to keep its promises to end the austerity imposed by the European Union and International Monetary Fund under Greece's bailout deals.

  • BRUSSELS, Feb 17- European Union finance ministers wielded enticements and veiled threats on Tuesday to press Greece to stay in an international bailout as financial markets slipped on fears of disruption if Athens' credit lines expire in 10 days time. If there is no deal on further financing this month, Greece could face a bank meltdown and run out of money as...

  • BRUSSELS, Feb 17- European Union finance ministers piled pressure on Greece on Tuesday to remain in an international financial rescue program as the euro weakened on fears of disruption when Athens' credit lines expire in 10 days time. "The next step is the responsible step," he said, offering no detail on what Athens was willing to propose. But time is short and...

  • GENEVA, Feb 13- A World Trade Organization dispute panel upheld most parts of a complaint against China on Friday in a case brought by Japan and the European Union challenging Chinese anti-dumping duties on high performance seamless stainless steel tubes. Japan brought the complaint in December 2012 to object to China hampering firms such as Nippon Steel&...

  • KIEV, Feb 13- Ukraine expects to receive up to $15 billion from debt talks with private sector creditors, a finance ministry spokeswoman said on Friday, after the International Monetary Fund announced a bigger, longer-term bailout plan. "Debt negotiations should lead to up to $15 billion," the spokeswoman told Reuters in an email. Of that sum, the IMF has pledged...

  • KIEV, Feb 13- Ukraine expects to receive up to $15 billion from debt talks with private sector creditors, a finance ministry spokeswoman said on Friday, after the International Monetary Fund announced a bigger, longer-term bailout plan. "Debt negotiations should lead to up to $15 billion," the spokeswoman told Reuters in an email. Of that sum, the IMF has pledged...

  • *IEA, OPEC, EIA see higher demand for OPEC crude. After an oversupply of world oil sent prices tumbling in 2014, top OPEC exporter Saudi Arabia urged fellow members not to prop up the market and to try to knock out competing sources like U.S. shale, which, because it has higher production costs, had to cut output when prices fell. In reports this week, The International...

  • BRUSSELS, Feb 12- Greece agreed on Thursday to talk to its creditors about the way out of its hated international bailout in a political climbdown that could prevent its new leftist-led government running out of money as early as next month. Prime Minister Alexis Tsipras, attending his first European Union summit, agreed with the chairman of euro zone finance...

  • BRUSSELS, Feb 12- Greek negotiators will meet officials of the troika of EU, ECB and IMF soon, most likely in Brussels on Friday, to prepare Monday's key Eurogroup meeting on debt talks, an EU official said on Thursday, raising hopes of a possible deal. EU officials said Dijsselbloem and Alexis Tsipras agreed not to issue a formal written statement on the move but to...

  • UNITED NATIONS, Feb 12- The United Nations Security Council on Thursday banned all trade in antiquities from war-torn Syria, threatened sanctions on anyone buying oil from Islamic State and al Qaeda-linked Nusra Front militants and urged states to stop kidnap ransom payments. Ambassador to the United Nations, Samantha Power, lamented that the council had not...

  • LONDON, Feb 12- European Union efforts to curb risk taking by banks look set to be watered down as key member states such as Germany shield "universal" lenders from more onerous rules, EU documents seen by Reuters on Thursday showed. But countries such as Germany and France have dragged their feet after introducing their own national reforms, which may overlap with...

  • BEIJING, Feb 12- China's Commerce Ministry expressed "regret" on Thursday after the United States challenged Chinese subsidies supporting billions of dollars of exports across industries from steel to shrimp. China consistently follows World Trade Organization rules and its policies are important measures to promote the healthy development of its...