World Economy International Organizations

  • IMF SAYS GLOBAL GROWTH COULD FALL TO 2.8 PCT IN 2016 AND 2017 UNDER ITS "SEVERE" ALTERNATIVE SCENARIO OF UK- EU DIVORCE NEGOTIATIONS GOING BADLY, FINANCIAL STRESS INTENSIFYING.

  • IMF SAYS RAISES CHINA 2016 GROWTH FORECAST TO 6.6 PCT FROM 6.5 PCT PREVIOUSLY, STILL SEES 2017 GROWTH SLOWING TO 6.2 PCT.

  • IMF CUTS GLOBAL GROWTH FORECASTS TO 3.1 PCT FOR 2016, 3.4 PCT FOR 2017, DOWN 0.1 PERCENTAGE POINT FROM APRIL FORECASTS FOR EACH YEAR.

  • IMF SAYS REDUCTION IN OUTLOOK DUE TO UNCERTAINTY, REDUCED INVESTMENT CAUSED BY BRITAIN'S DEPARTURE FROM EUROPEAN UNION.

  • LONDON, July 19- Hedge funds from the United States, Singapore and Hong Kong should be allowed to market themselves in the European Union, the bloc's financial watchdog said on Tuesday. The long-delayed recommendation from the European Securities and Markets Authority to the EU's executive European Commission for endorsement is a taste of what Britain's...

  • BEIJING, July 19- China rejected on Tuesday a European Union challenge to export tariffs and quotas on 11 metals and minerals at the World Trade Organization, arguing the measures are in line with WTO rules. China's Commerce Ministry said in a statement it had received the EU complaint concerning the raw materials, such as copper, lead and tin, but that its policies...

  • LONDON, July 19- Hedge funds from the United States, Singapore and Hong Kong should be allowed to market themselves in the European Union, the bloc's financial watchdog said on Tuesday. The long-delayed recommendation from the European Securities and Markets Authority to the EU's executive European Commission for endorsement is a taste of what Britain's...

  • LUXEMBOURG, July 19- European Union member states are not obliged to make shareholders and junior creditors pay before intervening to rescue a bank, the EU top court said on Tuesday. EU rules imposing losses on bank creditors before a bank bailout were considered legal by the Luxembourg- based European Court of Justice in its ruling over a Slovenian banking...

  • WASHINGTON, July 18- The World Bank on Monday confirmed New York University economics professor Paul Romer as its next chief economist, bringing in a prominent voice advocating for investment in human capital and innovation. "We're most excited about his deep commitment to tackling poverty and inequality and finding innovative solutions that we can take to...

  • TUESDAY, JULY 19 LONDON- International Monetary Fund publishes update to World Economic Outlook, including new UK growth forecasts- 1300 GMT. ANKARA- Turkey central bank monetary policy meeting- 1100 GMT. PRETORIA- South African Reserve Bank starts its three-day monetary policy committee meeting.

  • OTTAWA, July 18- Britain's vote to leave the European Union will largely dominate a meeting of finance ministers and central bank governors from the Group of 20 nations in China this week, a Canadian finance ministry official said on Monday. Republican nominee Donald Trump insists deals such as the North American Free Trade Agreement are responsible for job...

  • LIMA, July 18- A World Bank panel rejected a lawsuit filed against Peru which charged the nation with failing to clean up pollution tied to a smelter, the government said on Monday, but the company bringing the suit pledged to refile it immediately. New York- based Renco Group Inc sued Peru for $800 million in 2011, accusing it of failing to clean the soil around the La...

  • WASHINGTON, July 18- Ensuring financial stability is the top priority for the European Commission following Britain's vote last month to leave the European Union, the commission's new financial regulatory chief said on Monday. "Following the UK's decision to leave the EU, ensuring financial stability is our first priority," Valdis Dombrovkis said in a speech...

  • WASHINGTON/ NEW YORK, July 18- The loss of correspondent banking relationships in developing countries as major banks try to limit risk exposures could marginalize small economies and cause "systemic" disruptions to their financial systems, the head of the International Monetary Fund said on Monday. IMF Managing Director Christine Lagarde, speaking at the...

  • LIMA, July 18- A World Bank panel has rejected an $800 million lawsuit filed against Peru for allegedly failing to clean up and take legal responsibility for pollution tied to a smelter in the South American nation, the Peruvian government said on Monday. New-York- based Renco Group Inc sued Peru in 2011, accusing it of failing to clean the soil around the La Oroya...

  • ACCRA, July 18- Ghana has cut its 2016 economic growth forecast sharply to 4.1 percent from 5.4 percent due to lower export prices and irregular oil production, Finance Minister Seth Terkper told Reuters on Monday. Ghana, which also produces cocoa and gold, is following an International Monetary Fund program to restore fiscal balance and spur growth, which...

  • WASHINGTON, July 18- The United States and Vietnam signed an agreement on Monday resolving two longstanding World Trade Organization disputes over imports of Vietnamese shrimp to the United States, the U.S. Commerce Department said. "The agreement also provides a framework for the settlement of certain U.S. court litigation, as well as the resolution of...

  • WASHINGTON, July 18- The loss of correspondent banking relationships in developing countries as major banks try to limit risk exposures could marginalize small economies and cause "systemic" disruptions to their financial systems, the head of the International Monetary Fund said on Monday. IMF Managing Director Christine Lagarde said in prepared remarks...

  • WASHINGTON, July 18- The loss of correspondent banking relationships in developing countries as major banks try to limit risk exposures could marginalize small economies and cause "systemic" disruptions to their financial systems, the head of the International Monetary Fund said on Monday. IMF Managing Director Christine Lagarde said in prepared remarks...

  • OTTAWA, July 18- The Canadian government, responding to a report that Britain had opened talks on a bilateral trade deal, said on Monday it was focused on completing its long-negotiated free trade agreement with the European Union. But in a sign of the challenges Britain may face in reaching such deals, Freeland's office said her focus was the Comprehensive...