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  • IMF SPOKESMAN SAYS RECENT MARKET VOLATILITY IN CHINA NO REASON TO VOICE CONCERN ABOUT INCLUDING YUAN IN SDR BASKET.

  • FEDERAL RESERVE HAS FLEXIBILITY TO HOLD OFF WITH RATE HIKES, HAS NO COMMENT ON SPECIFIC TIMING.

  • WASHINGTON— China's slowdown, volatile financial markets and tumbling raw-materials prices have raised the risks to economic growth around the world, the International Monetary Fund reported Wednesday. China's troubles have sent the prices of raw materials such as oil and copper into a freefall, pinching Brazil, Russia and other commodity exporters.

  • WASHINGTON, Sept 2- Downside risks to the global economy have risen and a combination of threats including slower growth in China and rising market volatility could severely cut the outlook, International Monetary Fund staff warned on Wednesday. The IMF in July lowered its global growth forecast for 2015 to 3.3 percent and forecast growth in China- where a...

  • LONDON, Sept 2- British Prime Minister David Cameron has backed down over rules limiting the involvement of the government in campaigning before a referendum on European Union membership after lawmakers from his Conservative Party threatened to revolt, the BBC said. As many as 27 Eurosceptic lawmakers had argued that removing the rules for the EU referendum...

  • JAKARTA, Sept 2- The International Monetary Fund said on Wednesday it was speaking with Chinese authorities about the country's "very significant" economic transition, which it hoped would be managed in an "orderly fashion". IMF Managing Director Christine Lagarde told reporters, "We are certainly talking to the Chinese authorities about their transition to a...

  • JAKARTA, Sept 2- The level of Bank Indonesia's foreign exchange reserves provides "pretty good coverage" to support the weakening rupiah currency, Christine Lagarde, the managing director of the International Monetary Fund, said on Wednesday. Indonesia's forex reserves stood at $107.6 billion by the end of July. The rupiah is emerging as Asia's second-worst...

  • MELBOURNE, Sept 2- London copper steadied on Wednesday in the face of sour sentiment 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 at the beginning of last week. China's giant manufacturing industry contracted and...

  • JAKARTA, Sept 2- Recent volatility in global financial markets shows how rapidly risks can spill over from one economy to the next, the managing director of the International Monetary Fund said in Jakarta on Wednesday. "What has been demonstrated in the last few weeks is how much Asia is at the core of the global economy, and how much disruption in one market in Asia...

  • JAKARTA, Sept 2- Recent volatility in global financial markets shows how rapidly risks can spill over from one economy to the next, the managing director of the International Monetary Fund said in Jakarta on Wednesday. "What has been demonstrated in the last few weeks is how much Asia is at the core of the global economy, and how much disruption in one market in Asia...

  • YOKOHAMA, Japan, Sept 2- The yuan's recent depreciation moves it closer towards its real market value, the head of the Asian Development Bank said, dismissing fears that China may export deflation to its Asian neighbors by flooding goods made cheaper by a weak currency. ADB President Takehiko Nakao also said that while China's economy may no longer expand at a 10-...

  • CARACAS, Sept 1- Venezuela and China have signed a deal for a $5 billion loan designed to increase the OPEC country's oil production, Venezuelan President Nicolas Maduro said. A source at Venezuelan state-run oil company PDVSA told Reuters in March that China was set to extend a "special" $5 billion loan that would likely stipulate hiring Chinese companies to...

  • 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...

  • DIARY- Top Economic Events to Sept 14 Tuesday, 1 Sep 2015 | 8:01 PM ET

    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...

  • *Looser lending rules seen as challenge to World Bank, ADB. *World Bank, ADB, play down talk of rivalry with newcomer. BEIJING, Sept 2- China's new international development bank will offer loans with fewer strings attached than the World Bank, sources said, as Beijing seeks to change the unwritten rules of global development finance.

  • *China manufacturing contracts at fastest in 3 years- PMI. "It was primarily the China fear factor," Carsten Fritsch at Commerzbank in Frankfurt told the Reuters Global Oil Forum. And an OPEC magazine commentary that some traders interpreted on Monday as signaling a possible subtle policy shift was nothing of the sort, OPEC insiders said.

  • said Phil Flynn, energy analyst at the Price Futures Group. " Starting last summer oil began to fall, sliding from near $100 to under $45 in March. U.S. oil production was booming, OPEC nations kept oil flowing and even rising demand wasn't enough to absorb the flood of oil.

  • *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...

  • LONDON, Sept 1- The European Union should conduct annual "coherence and consistency" checks on its financial rules from next year to avoid crimping the flow of funds to the economy, a European Parliament draft report says. The bloc's executive European Commission has already said it is willing to propose changes to rules made in haste. Germany, France and Britain...

  • OPEC op-ed that fueled oil rally baffles insiders Tuesday, 1 Sep 2015 | 11:52 AM ET
    The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria, August 21, 2015.

    The commentary in the OPEC Bulletin said downward pressure on prices due to higher production "remains a cause for concern."