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  • WASHINGTON, July 25- The International Monetary Fund on Monday said it adopted a new methodology for calculating the currency amounts in the Special Drawing Rights the fund uses for transactions, partly to ensure that China's yuan meets the IMF Board's intended weighting. The changes will apply to a historic rebalancing of the SDR basket on Oct. 1 to include the...

  • WASHINGTON, July 25- The International Monetary Fund on Monday said it adopted a new methodology for calculating the currency amounts in its Special Drawing Rights, the Fund's unit of account, partly to ensure that China's yuan meets the IMF Board's intended weighting. The changes will apply to a historic rebalancing of the SDR basket on Oct. 1 to include the yuan...

  • CHENGDU, China, July 24- Structural reforms are important to bolster economic growth and share the benefits broadly, Christine Lagarde, Managing Director of the International Monetary Fund, said on Sunday after a meeting of G20 ministers. "Structural reforms are particularly critical, as recent IMF work shows that well-designed structural reforms can lift...

  • PARIS— Here are the key events in the financial scandal and investigation that Christine Lagarde, the head of the International Monetary Fund, will stand trial for. March 20, 2013: Lagarde's Paris home is searched by police. Feb 17, 2015: Paris court of appeal overturns 2008 decision to pay the 400 million euros to Tapie.

  • Postcards featuring the World War II British slogan 'Keep Calm and Carry On' are seen outside a newsagents in London, on 24 June, 2016.

    Britain's economy is shrinking, the broadest survey of business confidence since last month's historic vote to quit the EU showed.

  • PARIS— France's top court has ruled that International Monetary Fund chief Christine Lagarde must stand trial in France over a 2008 arbitration ruling that handed 400 million euros to a politically-connected business magnate. France's Court of Cassation on Friday rejected the appeal. Lagarde lawyer Patrick Maisonneuve expressed disappointment at the...

  • PARIS— Top French court: IMF chief Lagarde must stand trial over role in 400- million-euro arbitration deal.

  • BEIJING— The head of the International Monetary Fund called Friday for quick action to end uncertainty over Britain's vote to leave the European Union, which she said is dampening global economic growth. Lagarde said that before the British vote, the IMF had been preparing to raise its global growth forecast by 0.1 percentage points due to improvement in Japan,...

  • BEIJING, July 22- The world must step up international macroeconomic policy coordination, China's Premier Li Keqiang said on Friday after meeting the heads of the International Monetary Fund, the World Bank, and other senior global economic officials. He made the remarks at a joint briefing with the officials, which also included the heads of the World Trade...

  • BEIJING, July 22- Pressure for China to cut overcapacity comes from within the country, not outside, Premier Li Keqiang said on Friday. China's premier made these comments after meeting the heads of the International Monetary Fund, the World Bank and other senior global economic officials. Li said at a news briefing following the meeting that China's steel...

  • BEIJING, July 22- International Monetary Fund Managing Director Christine Lagarde said on Friday Brexit meant the global growth forecast was revised down and that uncertainty from Britain's decision to leave the European Union should be removed as soon as possible.

  • BEIJING, July 22- The world must step up international macroeconomic policy coordination, China's Premier Li Keqiang said on Friday after meeting the heads of the International Monetary Fund, the World Bank, and other senior global economic officials.

  • FRIDAY, JULY 22 BEIJING- Chinese Premier Li Keqiang will hold a roundtable with World Bank President Jim Yong Kim, International Monetary Fund Managing Director Christine Lagarde, World Trade Organization Director-General Roberto Azevedo, International Labor Organization Director-General Guy Ryde, Organization for Economic Cooperation and...

  • FRIDAY, JULY 22 BEIJING- Chinese Premier Li Keqiang will hold a roundtable with World Bank President Jim Yong Kim, International Monetary Fund Managing Director Christine Lagarde, World Trade Organization Director-General Roberto Azevedo, International Labor Organization Director-General Guy Ryde, Organization for Economic Cooperation and...

  • FRIDAY, JULY 22 BEIJING- Chinese Premier Li Keqiang will hold a roundtable with World Bank President Jim Yong Kim, International Monetary Fund Managing Director Christine Lagarde, World Trade Organization Director-General Roberto Azevedo, International Labor Organization Director-General Guy Ryde, Organization for Economic Cooperation and...

  • *Fund to meet over 3rd Ghana review late August. ACCRA, July 21- Ghana's parliament has taken a step towards passing a law on central bank reform that could breach a key tenet of its $918 million aid deal with the International Monetary Fund, parliamentary and finance sources told Reuters. Until 2014, Ghana had one of Africa's fastest-growing economies based on...

  • Pedestrians walk in the rain at the Canary Wharf business district in London.

    Rather than the major disruptive factor to the global economy and financial markets, the decision has had a decidedly muted effect.

  • ATEHNS, July 21- Group of 20 finance officials meeting in China this weekend should agree on a broad-based approach to support consumer demand, limit private-sector debt and implement structural reforms to combat deepening risks to growth, the International Monetary Fund said on Thursday. The IMF, in a briefing note to G20 finance ministers and central bank...

  • Gold fell to its lowest in three weeks on Wednesday on higher equities and as the dollar hit a four-month high.

  • Investors' risk appetite, which has recovered rapidly from the Brexit shock late in June, received a sobering reminder after the International Monetary Fund cut its global growth forecasts for the next two years on Tuesday, citing uncertainty over Britain's looming exit from the European Union. Spreadbetters also saw a subdued start for European stocks,...