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  • *Sri Mulyani Indrawati back in post held under last president. JAKARTA, July 27- Indonesian President Joko Widodo pleased market reform advocates on Wednesday by bringing home the World Bank's managing director to be finance minister and upset human rights activists by naming a controversial ex-general as security chief. In 2010, Indrawati joined the World...

  • LONDON, July 27- Demand for new medicines helped GlaxoSmithKline grow earnings in the second quarter and the drugmaker is set for big gains in the rest of 2016 thanks to a weak pound, after Britain's vote to leave the European Union. GSK, whose outgoing chief executive Andrew Witty had backed Britain staying in the EU, will benefit from the fact that many of its costs...

  • CAIRO— The Egyptian government says it's finalizing talks with the International Monetary Fund on a three-year loan program and is asking for $7 billion a year to finance its economic program. A Cabinet statement says Prime Minister Sherif Ismail discussed the talks with the IMF in a meeting with the head of Egypt's Central Bank and several other ministers.

  • BRUSSELS— The European Union has appointed Frenchman Michel Barnier to lead to the negotiations on Britain's exit from the union once London decides to initiate the talks. EU Commission President Jean-Claude Juncker on Wednesday called him "a skilled negotiator with rich experience in major policy areas relevant to the negotiations."

  • LONDON— Britain's economy grew faster than expected in the run-up to the vote to leave the European Union, official figures showed Wednesday— little consolation for a country that is already seeing business activity decline sharply as a result of the referendum's outcome. The Office for National Statistics said that the economy grew by a relatively strong...

  • *Sri Mulyani Indrawati back in post held under last president. JAKARTA, July 27- Indonesian President Joko Widodo pleased market reform advocates by bringing home the World Bank's managing director to be finance minister and upset human rights activists by naming a controversial ex-general as security chief. In 2010, Indrawati joined the World Bank after...

  • JAKARTA, July 27- Indonesia's president on Wednesday appointed a new cabinet, aimed at increasing the effectiveness of his team and boosting growth in Southeast Asia's biggest economy. -Finance minister: World Bank managing director Sri Mulyani Indrawati. -Coordinating minister for maritime affairs: Luhut Pandjaitan, who was coordinating minister for...

  • *Sri Mulyani Indrawati back in post held under last president. JAKARTA, July 27- Indonesia's president on Wednesday appointed World Bank managing director Sri Mulyani Indrawati as the country's finance minister, among a wider cabinet reshuffle aimed at increasing the effectiveness of his team. The new cabinet, which will be inaugurated later on Wednesday,...

  • *Williams wants pressure put on Mexico to strengthen labor unions. July 26- United Auto Workers President Dennis Williams said on Tuesday that Democratic presidential nominee Hillary Clinton has assured him she would renegotiate the North American Free Trade Agreement if she is elected president. "She's committed to me that not only would dig into NAFTA but...

  • *Williams wants pressure put on Mexico to strengthen labor unions. July 26- United Auto Workers President Dennis Williams said on Tuesday that Democratic presidential nominee Hillary Clinton has assured him she would renegotiate the North American Free Trade Agreement if she is elected president. "She's committed to me that not only would dig into NAFTA but...

  • CAIRO, July 26- Egypt said on Tuesday it was close to agreeing an International Monetary Fund lending programme to ease its funding gap and restore market stability and was seeking to secure $7 billion annually over three years. Prime Minister Sherif Ismail ordered the central bank governor and minister of finance to complete negotiations for the programme...

  • CAIRO, July 26- Egypt said on Tuesday it was close to agreeing an International Monetary Fund lending program to ease its funding gap and restore market stability and was seeking to secure $7 billion annually over three years. Prime Minister Sherif Ismail ordered the central bank governor and minister of finance to complete negotiations for the program with...

  • CHISINAU, Moldova— The International Monetary Fund reached an agreement Tuesday with Moldova for a $179 million, 3- year loan arrangement conditional on the government carrying out reforms. The IMF left Moldova in September 2015, saying it would not negotiate a new loan program with Moldova, following weeks of protests and the resignation of the central bank...

  • BRUSSELS, July 26- European Union authorities are making contingency plans for the possible winding down of Banca Monte dei Paschi if the Italian lender has a poor reading in stress tests this week and no private or public support is available, an EU official said. The European Banking Authority, an EU agency, will announce on Friday results of the tests conducted...

  • SANTIAGO, Chile— Plummeting economies in Venezuela and Brazil are expected to drag Latin America into negative growth again this year, the U.N.' s Economic Commission for Latin America and the Caribbean reported Tuesday. The worst performers are expected to include troubled Venezuela, with an 8 percent contraction, and Brazil, down 3.5 percent.

  • July 26- United Auto Workers President Dennis Williams said on Tuesday that presumptive Democratic presidential candidate Hillary Clinton has assured him she would renegotiate the North American Free Trade Agreement if she is elected president. Williams said he hopes that an updated treaty would help foster stronger worker unions in Mexico, where many...

  • BRUSSELS, July 26- European Union privacy watchdogs will let a new EU-U.S. commercial data pact underpinning billions of dollars of transatlantic trade run for at least a year without any legal challenge, they said on Tuesday. Privacy Shield will allow companies to transfer personal data from the EU to the United States- from human resources information to...

  • BRUSSELS, July 26- European Union privacy watchdogs will let a new EU-U.S. commercial data pact underpinning billions of dollars of transatlantic trade run for at least a year without any legal challenge, they said on Tuesday. Privacy Shield will allow companies to transfer personal data from the EU to the United States- from human resources information to...

  • 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...

  • MEXICO CITY, July 25- Mexico is ready to update the North American Free Trade Agreement with Canada and United States, its foreign minister said on Monday, following a spate of criticism of the accord by Republican presidential nominee Donald Trump. Bilateral trade between Mexico and the United States is worth around $500 billion a year. Trump has threatened to...