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  • NEW DELHI, March 16- India's economy is a bright spot in a cloudy global economy, with recent policy reforms and improved business confidence set to boost growth, the head of the International Monetary Fund said on Monday. Speaking in New Delhi, IMF Managing Director Christine Lagarde welcomed the government's latest budget as "a step in the right direction", and...

  • NEW DELHI, March 16- The global economic recovery remains "too slow, too brittle and too lopsided", the head of the International Monetary Fund said on Monday, singling out the risk of financial market volatility arising from divergence in monetary policy among leading central banks. The first of those was what Lagarde called "asynchronous monetary policy" in...

  • NEW DELHI, March 16- India's economy is a bright spot on a cloudy global economy, with recent policy reforms and improved business confidence set to boost growth, the head of the International Monetary Fund said on Monday. Speaking in New Delhi, IMF Managing Director Christine Lagarde welcomed the government's latest budget as "a step in the right direction", and...

  • NEW DELHI, March 16- The global economic recovery remains "too slow, too brittle and too lopsided", the head of the International Monetary Fund said on Monday, singling out divergences in monetary policy as a risk that could cause financial market volatility. Christine Lagarde reiterated the IMF's forecast that, more than six years after the global financial...

  • NEW DELHI, March 16- India is better positioned to cope with external financial shocks than most emerging market economies, International Monetary Fund head Christine Lagarde was quoted saying on Monday, just ahead of a of a crunch meeting of the U.S. Now, Lagarde said in an interview with the Times of India before a two-day visit, India is in better shape.

  • *Number of boats arriving in Italy jumps 43 percent. BRUSSELS, March 13- European Union foreign ministers will on Monday consider helping set up camps in the Middle East and Africa where people can request asylum on site without having to risk their lives crossing the Mediterranean to reach Europe, officials said. "The idea is to establish camps in Africa, on the...

  • *ECB QE purchases buoy downtrodden inflation-proof bonds. LONDON, March 13- Euro zone inflation-linked bonds could be big winners in a currency war that has accelerated this week with the start of the European Central Bank's 1 trillion euro money-printing scheme. Investors are emboldened by developments in the Japanese market, where inflation-linked bonds...

  • EU considers foreign camps to handle asylum seekers Friday, 13 Mar 2015 | 12:16 PM ET

    BRUSSELS, March 13- European Union foreign ministers will on Monday consider helping set up camps in the Middle East and Africa where people can request asylum on site without having to risk their lives crossing the Mediterranean to reach Europe, officials said. At least 3,500 people, many of them fleeing poverty and fighting, died trying to make the journey in...

  • *Iran sanctions may end by June, bringing more crude to market. A weaker U.S. stock market also weighed on oil, adding to worries in earlier trade of Iran reaching a partial nuclear deal with world powers by end March and a full agreement by June that would end sanctions against the OPEC nation and flood the market with even more crude exports. Brent crude fell $1.12, or...

  • *Talks could bring an end to sanctions on Iran. LONDON, March 13- Oil fell towards $56 a barrel on Friday after the International Energy Agency said that a global oil glut is building and U.S. oil production shows no signs of slowing. While OPEC output declined in February, global supply was up by 1.3 million barrels per day year on year at 94 million bpd, led by a 1.4...

  • *Talks could bring an end to sanctions on Iran. LONDON, March 13- Oil fell below $57 a barrel on Friday after the International Energy Agency said that a global oil glut is building and U.S. oil production shows no signs of slowing. While OPEC output declined in February, global supply was up by 1.3 million barrels per day year on year at 94 million bpd, led by a 1.4 million...

  • TOKYO, March 13- The president of the World Bank said on Friday he welcomed the setting up of the China-backed Asian Infrastructure Investment Bank, a day after Britain became the first Western nation to embrace the institution. The AIIB was launched in Beijing last year and was seen as a rival to the Western-dominated World and Asian Development Bank.

  • TOKYO, March 13- The president of the World Bank said on Friday he welcomed the setting up of the China-backed Asian Infrastructure Investment Bank, a day after Britain became the first Western nation to embrace the institution. The AIIB was launched in Beijing last year and was seen as a rival to the Western-dominated World and Asian Development Bank.

  • LONDON, March 13- Britain said it has sought to become a founding member of the Asian Infrastructure Investment Bank, making it the first Western nation to embrace the China- backed institution, but the United States reacted frostily to the development. Analysts have said it could challenge the Western-dominated World Bank and Asian Development Bank.

  • UPDATE 1-UK to join China-backed Asian development bank Thursday, 12 Mar 2015 | 10:30 PM ET

    LONDON, March 12- Britain said it will seek to become a founding member of the Asian Infrastructure Investment Bank, a new regional body backed by China that has raised concerns in the United States about governance standards. Analysts have said it could challenge the Western-dominated World Bank and Asian Development Bank in the region.

  • UK to join China-backed Asian development bank Thursday, 12 Mar 2015 | 6:27 PM ET

    LONDON, March 12- Britain said it will seek to become a founding member of the Asian Infrastructure Investment Bank, a new regional body backed by China that has raised concerns in the United States about governance standards. Analysts have said it could challenge the Western-dominated World Bank and Asian Development Bank in the region.

  • UPDATE 1-Greece, OECD, sign cooperation deal on reform Thursday, 12 Mar 2015 | 1:52 PM ET

    PARIS, March 12- Greece is turning to the OECD group of industrialised nations to help reform its economy, but Prime Minister Alexis Tsipras says his country will still have to restructure its debt to overcome its woes. Greece signed an agreement with the Organisation for Economic Co-operation and Development on Thursday aimed at helping Athens carry out a...

  • BRUSSELS, March 12- European Union leaders are unlikely to tighten sanctions on Russia when they meet next week but will haggle over whether they need to act now to prolong economic sanctions on Russia expiring in July, diplomats said on Thursday. With an uneasy ceasefire in place in eastern Ukraine, the 28 EU nations see no pressing case to either impose new...

  • WASHINGTON, March 12- The International Monetary Fund sees the recent increase in the value of the U.S. dollar as being in line with market fundamentals, a spokesman for the institution said on Thursday. IMF spokesman Gerry Rice said the decline in energy prices, the changing growth outlooks for major economies and the diverging paths of monetary policies...

  • WASHINGTON, March 12- The International Monetary Fund sees the recent increase in the value of the U.S. dollar as being in line with market fundamentals, a spokesman for the institution said on Thursday.