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  • MELBOURNE, Sept 2- London copper resumed its downtrend on Wednesday as sentiment soured towards base metals after world factory activity slowed in August and the International Monetary Fund cut its outlook for global growth. Copper hit its weakest in six years at $4,855 a tonne last Monday. *China's giant manufacturing industry contracted and euro zone and...

  • STOCKHOLM- Swedish Central Bank holds monetary policy meeting. Speakers:- International Monetary Fund Managing Director Christine Lagarde, Reserve Bank of India Deputy Governor Urjit Patel, Bank of Japan Deputy Governor Hiroshi Nakaso, Indonesia Finance Minister Bambang Brodjonegoro and IMF Monetary and Capital Markets Department Division Chief Ulric...

  • *China official PMI at 3- year low; Markit reading at 6-1/ 2 yr low. LONDON, Sept 1- China's giant manufacturing industry contracted and euro zone and U.S. growth eased in August in data published on Tuesday, while the International Monetary Fund cut its forecast for world growth this year. "It's all consistent with a global economy which clearly is struggling to make...

  • *China official PMI at 3- year low; Markit reading at 6-1/ 2 yr low. LONDON, Sept 1- China's giant manufacturing industry contracted and euro zone and U.S. growth eased in August in data published on Tuesday, while the International Monetary Fund cut its forecast for world growth this year. "It's all consistent with a global economy which clearly is struggling to make...

  • Speaking in a lecture at the University of Indonesia, Lagarde said the global economic situation will have a significant impact on developing countries, including Indonesia. She said Indonesia, like many emerging market economies, is being buffeted by another bout of global financial turbulence. The rupiah, Indonesia's currency, has fallen beyond 14,000 per...

  • Sept 1- U.S. stock index futures fell sharply on Tuesday after weak data from China heightened fears of a slowdown in the world's second-largest economy. *Adding to the nervous sentiment, the head of the International Monetary Fund, Christine Lagarde, said that global economic growth was now likely to be weaker than had been expected just a few months ago.

  • JAKARTA, Sept 1- Indonesia has never been more prepared to handle global economic uncertainty, stemming from concerns like China's slowdown and depressed commodity prices, the head of the International Monetary Fund said on Tuesday. "We at the IMF are convinced that Indonesia is better prepared than ever before to face global economic headwinds," IMF Managing...

  • JAKARTA, Sept 1- Global economic growth is likely to be weaker than earlier expected, the head of the International Monetary Fund said on Tuesday, due to a slower recovery in advanced economies and a further slowdown in emerging nations. IMF Managing Director Christine Lagarde also warned emerging economies like Indonesia to "be vigilant for spillovers" from...

  • JAKARTA, Sept 1- Global economic growth is likely to be weaker than earlier expected, the head of the International Monetary Fund said on Tuesday, due to a slower recovery in advanced economies and a further slowdown in emerging nations. IMF Managing Director Christine Lagarde also warned emerging economies like Indonesia to "be vigilant for spillovers" from...

  • *IMF always believed Greece's debt was unsustainable. WASHINGTON/ ATHENS, Aug 28- Many of the top brass of the International Monetary Fund always had concerns about the plans to bail out Greece. He slammed IMF forecasts for Greece as overly optimistic- "Panglossian."

  • WASHINGTON, Aug 27- The International Monetary Fund on Thursday urged all investors holding Ukrainian sovereign bonds denominated in euros to embrace a debt relief deal struck earlier in the day between Kiev and a committee of creditors. "We welcome today's agreement," IMF Managing Director Christine Lagarde said in a statement, adding that the deal could help...

  • IMF official says "premature" to speak of Chinese crisis Saturday, 22 Aug 2015 | 10:19 AM ET

    RIMINI, Italy, Aug 22- China's economic slowdown and a sharp fall in its stock market herald not a crisis but a "necessary" adjustment for the world's second biggest economy, a senior International Monetary Fund official said on Saturday. Fresh evidence of easing growth in China hammered global stock markets on Friday, driving Wall Street to its steepest one-day...

  • NEW YORK, Aug 21- Colombia slashed its gold holdings by two-thirds last month, adjusting its reserves for the first time in years, as spot prices sank in a bullion rout, International Monetary Fund data showed on Friday. The reason for and timing of the move are not known, but it came as institutional and speculative investors pulled more cash en masse from...

  • WASHINGTON, Aug 19- The International Monetary Fund said on Wednesday it will freeze its benchmark currency basket until October 2016, giving markets more time to adjust to the possible addition of China's yuan as part of a review of global reserve currencies. Beijing, keen for its currency to have equal billing with the euro, yen, pound and dollar, has been pushing...

  • IMF: China must wait to join exclusive currency club Wednesday, 19 Aug 2015 | 1:28 PM ET

    WASHINGTON— China must wait until at least next year to join an exclusive club of the world's top currencies, the International Monetary Fund said Wednesday. China, world's second-biggest economy, had wanted the IMF to include its currency, the yuan, in the basket along with the U.S. dollar, euro, British pound and Japanese yen starting Jan. 1. China sets a daily target...

  • IMF freezes benchmark currency basket until Oct 2016 Wednesday, 19 Aug 2015 | 12:14 PM ET
    The seal of the International Monetary Fund is seen on a headquarters building in Washington, DC.

    The IMF said it will freeze its benchmark currency basket until October 2016, giving markets time to adjust to the possible addition of China's yuan.

  • WASHINGTON, Aug 19- The International Monetary Fund said on Wednesday it will freeze its benchmark currency basket until October 2016, giving markets more time to adjust to the possible addition of China's yuan as part of a review of global reserve currencies. Beijing, keen for its currency to have equal billing with the euro, yen, pound and dollar, has been pushing...

  • The European Stability Mechanism board said it "will provide up to 86 billion euros in financial assistance to Greece over three years." Greece is due to make a new debt payment to the European Central Bank on Thursday. Despite International Monetary Fund calls for debt relief for Greece, many nations remain opposed and no such move will be examined by those...

  • IMF ‘indispensable’ to Greek bailout : German Fin Min

    German Finance Minister Wolfgang Schaeuble says that for the Eurogroup, IMF participation in the Greek bailout is indispensable.

  • The complicated China adjustment Monday, 17 Aug 2015 | 10:12 AM ET
    The complicated China adjustment

    An IMF official said the yuan reforms may bring China "close" to a floating rate. Markus Rodlauer, IMF's mission chief for China, explains the economic adjustment happening in China.