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International Organizations

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  • ATHENS, May 20- Greece will not be able to make a payment to the International Monetary Fund that falls due on June 5 without a deal with its international lenders, the government's parliamentary speaker said on Wednesday. Athens faces several payments totaling about 1.5 billion euros to the IMF next month and is in talks with the European Union and the...

  • Euro hits 2-week low on anxiety over Greek debt Wednesday, 20 May 2015 | 2:19 AM ET

    SINGAPORE, May 20- The euro fell on Wednesday after the Greek government's parliamentary speaker said Greece will not make a repayment to the International Monetary Fund that falls due on June 5 if there is no deal with its creditors by then. The euro extended its losses and hit a two-week low near $1.1092 at one point. It last traded at $1.1103, down 0.4 percent on...

  • DIARY- Emerging Markets Economic Events to June 1 Tuesday, 19 May 2015 | 8:02 PM ET

    ANKARA- Central bank of Turkey to hold monthly monetary policy committee meeting. PRAGUE- International Monetary Fund holds a press conference at the end of its annual mission to the Czech Republic- 1315 GMT. BRASILIA- International Monetary Fund head Christine Lagarde visits Brazil to participate in a central bank seminar about inflation targeting.

  • WASHINGTON, May 19- The International Monetary Fund is making "some" progress in discussions with Greece over an aid agreement, but it must also consider the views of the broader international community, the head of the institution said on Tuesday. Greece and its international creditors are trying to reach a deal that would keep Athens from running out of money in...

  • IMF says making 'some' progress in Greece talks Tuesday, 19 May 2015 | 11:05 AM ET

    WASHINGTON, May 19- The International Monetary Fund is making "some" progress in discussions with Greek officials over an aid agreement, but the IMF must also consider the views of the broader international community, the head of the financial institution said on Tuesday.

  • U.S. Congress moving closer to passing IMF reforms -Lew Tuesday, 19 May 2015 | 10:25 AM ET

    WASHINGTON, May 19- The U.S. Congress is moving closer to approving IMF reforms, and lawmakers are now trying to find the best timing and vehicle for getting the historic legislation passed, U.S. U.S. foot-dragging on reforms to the institution has blocked changes meant to give more voting power to emerging economies like China and India, frustrating countries...

  • SIOUX FALLS, S.D.— Congress should not hastily act on repealing country-of-origin meat labeling in the wake of a World Trade Organization ruling against the labels, South Dakota Stockgrowers Association President Bob Fortune said. Some groups including the North Dakota Stockmen's Association are now calling for Congress to repeal the law, saying they fear...

  • May 19- Prime Minister David Cameron has pledged to renegotiate Britain's ties with Europe and then give voters an in-out referendum on European Union membership by the end of 2017.. As Vodafone, we are convinced that for our shareholders, our customers and the company itself, it would be good to stay in Europe and it would be good to support the creation of a single...

  • LONDON, May 19- Prime Minister David Cameron is confident his plan to hold a European Union membership referendum will ultimately give firms more certainty, his spokesman said, after Deutsche Bank disclosed it was making contingency plans for a British EU exit. Cameron's spokesman was asked about Deutsche's decision on Tuesday after a lobby group said a...

  • *Ex-regulator Sants to lead review of UK competitiveness. FRANKFURT/ LONDON, May 19- A number of banks have put off possible investments in Britain until after a referendum on its future in the European Union, a lobby group said on Tuesday, after Deutsche Bank revealed it was considering cutting down its UK operations should the country pull out.

  • *Ex-regulator Sants to lead review of UK competitiveness. FRANKFURT/ LONDON, May 19- A number of banks have put off possible investments in Britain until after a referendum on its future in the European Union, a lobby group said on Tuesday, after Deutsche Bank revealed it was considering cutting down its UK operations should the country pull out.

  • SEOUL, South Korea— The United Nations is using virtual reality technology to help the public experience what it is like to live in a Syrian refugee camp, showing how the latest technology can be adapted for humanitarian efforts. "Clouds Over Sidra" is a short documentary film following a day in the life of a 12- year-old Syrian girl living in a refugee camp in...

  • *Germany hosts G7 summit on June 7-8. BERLIN, May 19- Germany's clean energy drive earned it a reputation as a green leader but a domestic row over coal has highlighted the challenge of balancing economic and environmental demands and threatens its ability to lead by example. Angela Merkel, once dubbed the "climate chancellor," hopes to encourage the Group of Seven...

  • UPDATE 4-Oil prices slip on dollar rally, ample supply Tuesday, 19 May 2015 | 4:42 AM ET

    LONDON, May 19- Brent crude oil fell below $66 a barrel on Tuesday as the dollar strengthened and on evidence of ample supplies of Middle Eastern oil despite wars in northern Iraq, Syria and Yemen. "The oil market is generally oversupplied with high Saudi exports and OPEC is unlikely to cut production," said Tamas Varga, oil analyst at London brokerage PVM Oil...

  • *Kuwait acknowledges oversupply, but blames non- OPEC sources. NEW YORK, May 18- Oil slipped on Monday as a rallying dollar and concerns of growing oversupply weighed on the market after Saudi Arabia reported its highest crude exports in nearly a decade. Crude oil futures erased early gains of more than $1 a barrel on worries of turmoil in the Middle East after a...

  • BRUSSELS, May 18- Russia avoided further diplomatic confrontation with Ukraine and the European Union at three-way trade talks on Monday and did not renew previous demands for Kiev's duty-free deal with the bloc to be put on hold. EU Trade Commissioner Cecilia Malmstrom highlighted the fact that all three parties jointly signed a statement that said the pact,...

  • *IMF raises Italy 2015 GDP forecast to 0.7 pct from 0.5 pct. ROME, May 18- The International Monetary Fund raised slightly its forecasts for Italy's economy this year and next on Monday and said Rome should take advantage of favorable external conditions to push through much-needed reforms. The IMF's mission chief, Petya Koeva Brooks, said low interest rates, the...

  • *Kuwait acknowledges oversupply, but blames non- OPEC sources. NEW YORK, May 18- Oil slipped on Monday as a rallying dollar weighed on the commodities complex amid a bearish price outlook by influential Wall Street firm Goldman Sachs and risks of growing oversupply. Crude oil prices erased early gains of more than $1 a barrel on worries of turmoil in the Middle East...

  • IMF says energy subsidized by $5.3 trillion worldwide Monday, 18 May 2015 | 10:04 AM ET

    WASHINGTON, May 18- Governments around the world charge prices for energy that do not account for its harmful environmental, health and other side effects, amounting to a $5.3 trillion "post-tax" subsidy this year, the International Monetary Fund said in a report on Monday. The United States was the second-biggest offender, with an estimated $699 billion subsidy,...

  • BRUSSELS, May 18- David Cameron has promised to negotiate reform of the European Union before a referendum by 2017 on whether to leave the 28- nation bloc, which a fellow Conservative prime minister took Britain into in 1973.. EU leaders want to keep Britain in but will only discuss concrete changes once Cameron tells them what he wants. European Commission...