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  • WASHINGTON, April 7- The International Monetary Fund will assess how much progress Ukraine has made in its talks with creditors, but does not have to make any decisions in June, the Fund's No. 2 official said on Tuesday. Ukraine's officials have set themselves a June deadline, by the time of the next IMF review, to complete debt restructuring that is needed to plug a...

  • IMF sees low potential economic growth around world Tuesday, 7 Apr 2015 | 9:30 AM ET

    WASHINGTON, April 7- The world's growth potential took a big hit after the 2007-2009 financial crisis and is likely to lag for years, implying that interest rates should likely stay low for quite a while, the International Monetary Fund said in a study on Tuesday. The study, part of the Fund's twice-yearly World Economic Outlook, could frame the discussions over...

  • WASHINGTON, April 5- Greek Finance Minister Yanis Varoufakis said on Sunday Greece "intends to meet all obligations to all its creditors, ad infinitum" following a meeting in Washington with International Monetary Fund officials. She said due diligence efforts in Athens and talks with teams in Brussels over the terms of Greece's bailout would "resume promptly...

  • WASHINGTON, April 5- The head of the International Monetary Fund said after talks with the Greek finance minister on Sunday that she welcomed his confirmation that Athens would make a loan payment due to the IMF later this week. "I welcomed confirmation by the Minister that payment owing to the Fund would be forthcoming on April 9th," IMF Managing Director...

  • LAGARDE SAYS IMF REMAINS COMMITTED TO WORKING WITH GREECE TO HELP IT RETURN TO SUSTAINABLE PATH OF GROWTH AND EMPLOYMENT.

  • IMF'S LAGARDE SAYS WELCOMES CONFIRMATION BY GREEK FINANCE MINISTER THAT PAYMENT ATHENS OWES TO IMF WILL BE MADE ON APRIL 9.

  • Secretary-General Ban Ki- moon said on Thursday a comprehensive nuclear deal between Iran and world powers by June 30 could "enable all countries to cooperate urgently to deal with the many serious security challenges they face." Jordan's U.N. ambassador Dina Kawar, who is president of the United Nations Security Council for April, told reporters that she hoped...

  • UNITED NATIONS, April 2- U.N. Secretary-General Ban Ki- moon said on Thursday a comprehensive deal between Iran and world powers by June 30 on Tehran's nuclear programme could "enable all countries to cooperate urgently to deal with the many serious security challenges they face." In a statement, Ban congratulated them on reaching a framework agreement on...

  • BRUSSELS, April 2- European Union antitrust regulators are investigating Apple Inc's deals with record labels and online music streaming services to see if it is blocking rivals' access to its music planned streaming platform, two people with knowledge of the matter said. The move by the European Commission comes as iPhone maker Apple expands into the...

  • *Russia's oil output up 0.6 pct to 10.71 mln bpd in March. The big Gulf producers of OPEC have opted for holding on to market share, saying they will only cut output to raise oil prices if others- like Russia- do so too. The twin state energy giants Gazprom and Rosneft brought Russia's oil output to a post-Soviet era record of 10.71 million barrels per day in March, Energy...

  • *Oxfam says hard to track development impact. WASHINGTON, April 1- The World Bank's private sector arm may be doing more harm than good when it invests in private equity firms, banks and other financial intermediaries, global development group Oxfam said in a report on Wednesday. "By channeling funds through third parties, the IFC loses control of how the money is...

  • *Athens says will repay IMF as scheduled on April 9. Greece sends updated list of reforms to lenders. Euro zone officials said, however, that institutions representing the lenders- the European Commission, the European Central Bank and the IMF, got the list too late for it to be discussed by euro zone deputy finance ministers at a teleconference on Greece on...

  • *Athens says will repay IMF as scheduled on April 9. *Athens prefers joint venture for biggest port. ATHENS, April 1- Greece has sent an updated list of reforms to lenders in the hope of satisfying their demands for more detail and unlocking aid needed to avoid a default, a government official said on Wednesday.

  • WASHINGTON, April 1- China's bank technology restrictions and a draft anti-terrorism law may run counter to the country's international trade commitments, the U.S. Rules asking technology suppliers to Chinese banks to divulge source code, pushing China's state-owned banks to buy technology from domestic vendors, "may raise substantive concerns" about...

  • *Athens says will repay IMF as scheduled on April 9. *Athens prefers joint venture for biggest port. In an interview with German daily Der Spiegel, Interior Minister Nikos Voutsis said that if foreign creditors do not send Athens further funds by April 9, the government would first pay salaries and pensions and then come to an agreement with lenders on paying the...

  • *EU yet to decide, could favour China to win favour with Beijing. In a draft letter seen by Reuters, the head of the European Commission's Legal Service, Luis Romero Requena, warned the head of the trade directorate that the EU would not have a good case to disregard the effects of the World Trade Organization viewing China as a more market-based economy-- a status that...

  • UPDATE 1-World Bank sees protracted recession in Russia Wednesday, 1 Apr 2015 | 6:54 AM ET

    *World Bank sees Russian economy contracting in 2015 and 2016. MOSCOW, April 1- Russia faces a protracted recession as the impact of Western sanctions lingers and oil prices stay low, the World Bank said in a report published on Wednesday. The World Bank's lead economist for Russia, Birgit Hansl, said "adjustment to the new oil price reality and the sanctions...

  • *Athens prefers joint venture for biggest port. Last week Athens presented a list of reforms to its official creditors in a bid to show it is committed to living up to pledges of financial discipline and is worthy of aid as it scrambles to meet loan payments amid a cash crunch. The list of proposed reforms Athens has presented to the Brussels Group includes...

  • SAN FRANCISCO, March 31- The United States feels China's yuan does not yet meet the standards for inclusion in the International Monetary Fund's basket of global currencies, Treasury Secretary Jack Lew said on Tuesday. Lew said that China had more work to do. Lew, who was returning from a trip to Beijing where he met with Chinese officials, repeated the U.S. view that...

  • SAN FRANCISCO, March 31- The United States feels China's yuan does not yet meet the standards for inclusion in the International Monetary Fund's basket of global currencies, Treasury Secretary Jack Lew said on Tuesday. Lew said that China had work to do to meet the standards for inclusion. Lew, who was returning from a trip to Beijing where he met with Chinese...