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  • FOREX-Euro slips on Greek debt fears, dollar gains Friday, 19 Jun 2015 | 11:19 AM ET

    NEW YORK, June 19- The euro fell against other major currencies on Friday, weighed down by anxieties that Greece may soon default on debts that also drove safe-haven buying of the dollar. Greece is days away from potentially missing debt repayments of 1.6 billion euros to the International Monetary Fund, and investors are looking to an emergency meeting next...

  • WASHINGTON, June 18- The International Monetary Fund said on Thursday the euro zone is in the midst of a recovery, boosted by a weaker currency, low oil prices, and the central bank's loose monetary policy. Even risks from Greece and its possible exit from the currency bloc "appear manageable," at least in the short term, the IMF said in its yearly check-up on the euro...

  • IMF praises euro zone policy but warns on future Thursday, 18 Jun 2015 | 1:59 PM ET

    WASHINGTON, June 18- The International Monetary Fund said the euro zone is in the midst of a recovery, boosted by a weaker currency, low oil prices, and the central bank's loose monetary policy. But the IMF said many of these supportive factors could evaporate in the future and leave Europe stranded with too-low growth, unless it pursues deeper reforms.

  • June 18- Greece has not managed to reach a deal with its creditors at the latest Eurogroup meeting in Luxembourg, the European Commission's Valdes Dombrovskis said in a tweet on Thursday. Greece owes the International Monetary Fund 1.6 billion euros by the end of June. Earlier in the day, German newspaper Die Zeit reported on possible concessions made to Greece...

  • NAIROBI, June 18- Kenya's parliament on Thursday approved the appointment of U.S.-educated economist Patrick Njoroge, an IMF adviser, as governor of the central bank. Njoroge, who is adviser to one of the International Monetary Fund's deputy managing directors, was nominated by President Uhuru Kenyatta after the last governor's term ended in March.

  • LONDON, June 18- European antitrust regulators have sent copies of their charges against Google to critics of the U.S. tech giant and given them a month to comment, one of the complainants said on Thursday. The move by the European Union competition watchdog may boost its case against the search engine, which it accuses of abusing its market power and cheating...

  • KIEV, June 18- Ukraine's parliament approved two laws on Thursday on central bank independence, leaving five more to be passed in order to unlock the next tranche of financial aid from the International Monetary Fund, Prime Minister Arseny Yatseniuk said. Ukraine has so far received $5 billion from the Fund from its overall pledge of $17.5 billion.

  • *Russia says no request for money from Greece. LUXEMBOURG/ ATHENS, June 18- The IMF dashed any hope on Thursday that Greece could avert default if it fails to repay a 1.6 billion loan by the end of June, piling pressure on leftist Prime Minister Alexis Tsipras, who showed no sign of yielding to creditors' demands. Euro zone finance ministers descended on Luxembourg for...

  • LUXEMBOURG, June 18- Greece will be in default with the International Monetary Fund at the start of July if it fails to make a repayment on June 30 because there is no grace period or possibility to delay, IMF Managing Director Christine Lagarde said on Thursday. "It will be in default, it will be in arrears vis-a-vis the IMF on July 1, but I hope it is not the case, I really...

  • Saudi Arabia is the top producer in the Organization of the Petroleum Exporting Countries and the world's top oil exporter, while Russia, which is not an OPEC member, is the second biggest oil supplier to the global markets. Russia has stepped up contacts with OPEC after oil prices plunged last year, but it has dismissed any suggestion it might cut output to prop up...

  • LONDON, June 18- For Encocam, one of the world's few manufacturers of crash test dummies, a British exit from the European Union looks like an accident that will probably be avoided. But if things turn out differently in the country's planned EU referendum, it will have big consequences for the company based 20 miles north-west of Cambridge. As well as tighter...

  • WASHINGTON, June 17- The International Monetary Fund said on Wednesday it approved a two-year, $5.45 billion flexible credit line for Colombia to help the South American country cope with external shocks, including the fall in oil prices. The IMF said Colombia does not plan to draw on the funds and will treat them as precautionary. Colombia first received a...

  • MARACAIBO, Venezuela, June 17- Venezuelan state oil company PDVSA and Rosneft are negotiating a financing deal under which the Russian oil major could lend its South American counterpart $5 billion, a source close to the negotiations said on Wednesday. Rosneft is seeking to heighten its international presence and sees Venezuela, an OPEC member, as a stepping...

  • June 17- The Portuguese navy plans to use drones to help survey the Mediterranean as the European Union steps up efforts to track and rescue thousands of migrants risking often deadly sea crossings from Africa. The tide of migrants and refugees risking the crossing to reach Europe from Africa is on the rise this year and the U.N. refugee agency estimates 1,850...

  • *No sign of compromise as Greece edges towards default. ATHENS, June 17- A warning by Greece's central bank that the country risked being driven from the euro zone and, ultimately, the European Union failed to break a deadlock with creditors before a potentially decisive meeting of European finance ministers. Greek negotiator Euclid Tsakalotos confirmed that...

  • GREEK NEGOTIATOR TSAKALOTOS CONFIRMS ATHENS DOES NOT HAVE MONEY TO MAKE IMF PAYMENT ON JUNE 30 WITHOUT DEAL WITH CREDITORS.

  • *Athens needs fresh funds to avoid defaulting on a 1.6 billion euro debt repayment to the International Monetary Fund on June 30, which could drive it towards the euro zone exit. *Synergy Pharmaceuticals shares soared 45.5 percent to $6.81 in premarket trading after the company's late-stage study of constipation treatment meet the main goal.

  • MOSCOW, June 17- Russia accused NATO on Wednesday of encroaching on its borders and seeking to change the strategic balance of power, forcing Moscow to take steps to protect its interests and security. "It's not Russia that's approaching someone's borders. It's NATO's military infrastructure that is approaching the borders of Russia, "Kremlin spokesman Dmitry...

  • It also said Greece risked a renewed bout of recession and predicted that the current economic slowdown would accelerate in the second quarter of this year. Time is fast running out for Athens and its creditors to reach a deal before a 1.6 billion euro repayment by Greece to the International Monetary Fund falls due at the end of the month. Austrian Chancellor...

  • BEIJING, June 17- China will cooperate with the International Monetary Fund in an assessment of whether the yuan should be included in the fund's currency basket, known as Special Drawing Rights, China's foreign exchange regulator said on Wednesday.