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  • BRUSSELS— The European Union on Tuesday moved to recognize halloumi, or hellim in Turkish, as a protected cheese from both sides of the Greek-Turkish divided island of Cyprus and lauded it as a symbolic step toward further reunification. The salty, chewy cheese is perhaps Cyprus' greatest gift to world gastronomy and the 28- nation bloc took a major step toward...

  • MANILA, Philippines— The Asian Development Bank said Tuesday it is ready to boost lending to the Philippines by 66 percent to about $3 billion to support the country's infrastructure and development needs. A joint statement after a meeting of ADB President Takehiko Nakao and Philippine Finance Secretary Cesar Purisima said the Manila- based lender is ready...

  • Taiwan will join expanded ITA scheme: Official Monday, 27 Jul 2015 | 8:43 PM ET
    Taiwan will join expanded ITA scheme: Official

    Jen-Ni Yang, director-general of the Bureau of Foreign Trade, says Taiwan will join the expanded tariff elimination program, which is important for the island's economic growth.

  • BERLIN— Kazakhstan is set to become the 162nd member of the World Trade Organization after the Geneva- based body formally approved the country's membership Monday. The largest former Soviet republic in Central Asia is rich in natural resources and a key transit country for goods between Asia and Europe. Kazakhstan, which has suffered from the economic...

  • GENEVA, July 27- Kazakhstan will not rush into any potential further devaluation of the tenge currency, Foreign Minister Erlan Idrissov said at a news conference at the World Trade Organization on Monday. He was speaking as Kazakhstan formally wrapped up its negotiation on joining the WTO, and stands to become the 162nd member of the trade body by the end of the...

  • HOUSTON, July 27- Petroleos de Venezuela has asked oil suppliers to submit offers to sell the South American country up to 70,000 barrels per day of ultralight sweet crudes through contracts of one to five years, potential bidders told Reuters. Even though the OPEC- member nation has the world's largest oil reserves, it does not produce enough light, sweet crude.

  • *Cool economic winds blow in from China. BRUSSELS/ FRANKFURT, July 27- The International Monetary Fund warned on Monday that the euro zone's prospects were modest and that more money printing than planned may be needed. Worries about the global economy, prompted by a slowdown in China where shares slid more than 8 percent on Monday, are weighing on many countries in...

  • BRUSSELS, July 27- Euro zone growth will be subdued over the medium term and the European Central Bank may need to extend its money-printing programme for longer than planned, the International Monetary Fund said on Monday. Mahmood Pradhan, deputy director of the IMF's European department, said the ECB needed to carry out its quantitative easing programme,...

  • ATHENS, Greece— Cyprus' creditors say the bailed-out country is on the path to economic recovery after years of recession but that it needs to follow through on structural reforms to lock in progress made and keep growth on an upward trajectory. The European Union and the International Monetary Fund said Monday the fiscal targets for the first half of 2015 have...

  • ATHENS, Greece— Greece and rescue lenders are still working out the format of upcoming talks, the labor minister said Sunday, confirming a delay in the negotiations for a third international bailout. Bailout negotiators from the European Commission, European Central Bank, and International Monetary Fund had been due to start arriving in Athens last Friday to...

  • ATHENS, July 25- Talks between Greece and its international creditors over a new bailout package will be delayed by a couple of days because of organizational issues, a finance ministry official said on Saturday. The meetings with officials from the European Commission, European Central Bank and International Monetary Fund were supposed to start on Monday...

  • ATHENS, July 25- Talks between Greece and its international creditors over a new bailout package should go ahead on Monday after logistical issues that delayed meetings this week are resolved, a Greek official said on Saturday. The meetings with officials from the European Commission, European Central Bank and International Monetary Fund had been expected...

  • Greek bailout talks to start on Monday after delay Saturday, 25 Jul 2015 | 8:01 AM ET

    ATHENS, July 25- Talks between Greece and its international creditors over a new bailout package should go ahead on Monday after logistical issues that delayed meetings this week are resolved, a Greek official said on Saturday. The meetings with officials from the European Commission, European Central Bank and International Monetary Fund had been expected...

  • ATHENS, July 25- The next managing director of the International Monetary Fund is likely to come from outside Europe when current leader Christine Lagarde eventually leaves, the deputy head of the Washington- based fund said in an interview broadcast on Saturday. "There are more and more eminently qualified people from outside Europe and the United States and I...

  • IMF confirms receiving Greek request for new loan Friday, 24 Jul 2015 | 7:49 PM ET

    WASHINGTON, July 24- The International Monetary Fund said on Friday it had received a letter from Greece seeking a loan facility. The Greek Finance Ministry said earlier on Friday that Greece had formally submitted a request to the IMF for the new loan facility. Greece is due to begin talks with European Union and IMF lenders on a new bailout deal.

  • IMF SAYS IT WILL DISCUSS "TIMING AND MODALITIES OF THE DISCUSSIONS" WITH GREEK AUTHORITIES AND ITS EUROPEAN PARTNERS.

  • IMF CONFIRMS IT HAS RECEIVED GREEK LETTER SEEKING NEW LOAN FACILITY.

  • GENEVA, July 24- The World Trade Organization finalized a list of 201 information technology products to be freed from import tariffs in a $1.3 trillion deal on Friday, but said it was still short of the critical mass of countries needed to put it into force. Removing tariffs on trade worth $1.3 trillion is expected to give a $190 billion boost to the world economy.

  • 'Landmark' trade deal on slashing tech tariffs agreed Friday, 24 Jul 2015 | 11:29 AM ET

    The Geneva- based World Trade Organization said 49 of its members— including the United States, China and the European Union— reached a tentative accord to expand the 1996 Information Technology Agreement following three years of talks. Taiwan, a big producer of electronics, has faced considerable domestic pressure not to join. Along with four other countries—...

  • GENEVA/ WASHINGTON, July 24- World Trade Organization members met in Geneva on Friday trying to finalise a deal to cut tariffs on $1 trillion of information technology products from video games to medical equipment. The United States said a deal had been struck, but WTO Director General Roberto Azevedo postponed a press conference at which he and the talks'...