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  • IMF SPOKESMAN SAYS' VITAL' UKRAINE REACHES AGREEMENT WITH CREDITORS BEFORE NEXT IMF REVIEW OF PROGRAM.

  • *OPEC governor: production cut of at least 800,000 bpd needed. LONDON, April 8- OPEC should change course and cut oil supply by 800,000 barrels per day or more to prevent an expected return of Iranian exports from weighing on prices, Libya's OPEC governor said. "OPEC members, as a unit, need to re-evaluate their strategies," Samir Kamal, Libya's OPEC governor and head of...

  • MOSCOW, April 8- Greece has not asked Russia for money to help cope with its debt and financial problems and wants to resolve them within the European Union, a Greek government official said on Wednesday. "We have not asked for financial aid," the official said before talks in Moscow between Greek Prime Minister Alexis Tsipras and Russian President Vladimir Putin.

  • A Chinese win at IMF no one-way bet for yuan Tuesday, 7 Apr 2015 | 5:00 PM ET

    SHANGHAI, April 8- Later this year the IMF might include the Chinese yuan in its official basket of reserve currencies, a political and economic triumph for Beijing in the teeth of U.S. opposition, but slowing growth in China is likely to limit the impact of the victory. That in turn should lower transaction costs, exchange risk and borrowing costs for China, already...

  • RIYADH, April 7- Saudi Arabia's oil minister Ali al-Naimi said on Tuesday that the kingdom stood ready to "improve" prices but only if other producers outside of OPEC joined the effort. "The kingdom is still ready to help bring back stability to the market and improve prices in a reasonable and suitable manner, but with the participation of the main producing and...

  • WASHINGTON, April 7- The International Monetary Fund will assess Ukraine's progress in its talks with creditors but does not have to make any decisions in June, when its next review of the country's $17.5 billion bailout is due, the Fund's No. 2 official said on Tuesday. Ukraine's officials have set themselves a June deadline to complete debt restructuring...

  • 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...