International Organizations


  • *Compromise needed next week to avoid months of delay. BRUSSELS, March 9- European Union governments and parliamentarians will try to reach a compromise this week on how to wind down failing banks, in marathon talks intended to settle who decides to close banks and who picks up the bill.

  • *Portugal to more than halve deficit by end-2015, then more. LISBON, March 9- Portugal's international bailout is expected to end in mid-May. To avoid a repeat of the 78 billion euro financial rescue agreed in May 2011 with the European Union and the International Monetary Fund, Lisbon cannot let up on shrinking its budget gap and trimming a huge sovereign debt.

  • WASHINGTON, March 7- The International Monetary Fund mission to Ukraine is "progressing well" and Ukrainian authorities are committed to economic reforms, a senior IMF official said on Friday after a visit to the country.

  • Ukrainian officials committed to reforms, IMF says Friday, 7 Mar 2014 | 10:11 AM ET

    WASHINGTON, March 7- The International Monetary Fund mission to Ukraine is going well, and the Ukrainian authorities are committed to economic reforms, a senior IMF official said on Friday after a visit to the country.

  • LONDON, March 7- European Union lawmakers will consider toughening up the bloc's cap on bankers' bonuses after lenders have begun softening its impact by awarding extra "allowances" to top up fixed pay.

  • BEIJING, March 7- China has begun preparations to set up a multilateral bank to fund infrastructure projects in Asia, the finance ministry said on Friday, looking to tap into demand for infrastructure growth as regional economies develop. "Existing MDBs, such as the World Bank and the Asian Development Bank, put their priorities more on poverty reduction," Lou said.

  • DUBLIN, March 6- Ukraine may apply to become a member of the European Union, the centre-right European People's Party is set to declare on Friday, according to a draft statement underscoring the determination of key European capitals to back the country trying to fend off Russian intervention.

  • *Europe also may have insufficient reserve gas for Ukraine. PRAGUE/ LONDON, March 6- Directing natural gas from the European Union to Ukraine if Russia stops supplying its western neighbour would fail to keep up with demand for long as capacity between the EU and Ukraine is too small, analysts said on Thursday.

  • WASHINGTON/ MOSCOW, March 6- Russian officials are pushing for the International Monetary Fund to move ahead with planned reforms without the United States, which could mean the loss of the U.S. veto over major decisions at the global lender, sources said.

  • Europe fears gas shortages if Russia cuts off Ukraine Thursday, 6 Mar 2014 | 5:51 AM ET

    *Greece says Ukraine gas disruption' worst scenario'. BRUSSELS, March 6- European Union countries such as Poland and Greece are worried they may face gas shortages and economic damage if Russia stops pumping the fuel to Ukraine, with Kiev facing a Friday deadline to pay Moscow a $2 billion energy bill.

  • *Crimea parliament votes to join Russia, referendum March 16. SIMFEROPOL, Ukraine, March 6- Crimea's parliament voted to join Russia on Thursday and its Moscow- backed government set a referendum within 10 days on the decision in a dramatic escalation of the crisis over the Ukrainian Black Sea peninsula.

  • BRUSSELS, March 6- European Union leaders meet for an emergency summit in Brussels on Thursday to discuss the crisis in Ukraine and how to respond to Russia's seizure of the Crimean peninsula.

  • BRUSSELS, March 6- The European Union froze the assets on Thursday of ousted Ukrainian president Viktor Yanukovich, former prime minister Mykola Azarov and 16 other senior Ukrainian officials suspected of misusing state funds and violating human rights.

  • *Divided EU to warn, not sanction Russia at summit. *Moscow says OSCE, NATO efforts not helpful. BRUSSELS/ MOSCOW, March 6- European Union leaders were set to warn but not sanction Russia on Thursday over its military intervention in Ukraine after Moscow rebuffed Western diplomatic efforts to persuade it to pull forces in Crimea back to their bases.

  • BRUSSELS, March 6- The European Union has frozen the assets of ousted Ukrainian president Viktor Yanukovich and 17 other officials, including former prime minister Mykola Azarov, suspected of violations of human rights and misuse of state funds.

  • IMF unveils investors behind emerging market debt boom Wednesday, 5 Mar 2014 | 11:00 PM ET

    WASHINGTON, March 5- Big institutional investors account for 80 percent of the half a trillion dollars foreigners have plowed into emerging market sovereign debt in the last few years, according to an analysis by International Monetary Fund economists.

  • WASHINGTON, March 5- A financial aid package for Ukraine that the U.S. House of Representatives plans to vote on soon will not include funding for the International Monetary Fund, a senior House Republican aide said on Wednesday.

  • WASHINGTON, March 5- Many countries are hesitant to rely on the IMF's new lending instruments because of a perceived "stigma" attached to taking money from the global financial institution, the International Monetary Fund said on Wednesday.

  • *European Union says ready to provide $15 bln to Ukraine. BRUSSELS, March 5- The European Union offered a larger than expected package of aid to Ukraine on Wednesday, saying it was willing to provide $15 billion in loans and grants over the next several years to help get the shattered economy back on its feet.

  • LONDON, March 5- Adults should eat less than the equivalent of 6 teaspoons of sugar a day if they are to avoid health risks such as weight gain and tooth decay linked to sugary diets, the World Health Organisation said on Wednesday.