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  • WASHINGTON, April 17- Turkish Deputy Prime Minister Ali Babacan said on Friday that the Group of 20 leading economies saw a moderate, but uneven, global recovery, and said officials agreed to proceed cautiously in adjusting monetary policies. "Monetary policy settings should be carefully calibrated and carefully communicated to minimize spillovers," Babacan...

  • G20 to sidestep U.S. on IMF reforms -draft communique Friday, 17 Apr 2015 | 12:39 PM ET

    To get around the United States, the IMF's board had proposed one "interim" plan to raise the voting rights of some emerging countries under an "ad hoc" increase without touching U.S. veto power. But countries like China would only get a small bump in their shares under this option, which requires all changes to allow the United States to keep at least 15 percent of the...

  • *Britain's Osborne says Greece casts gloom over finance meetings. WASHINGTON, April 17- The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday even as officials fretted that Athen's inability to strike a deal with its lenders could upset Europe's tentative recovery. While Greece was not mentioned by name in the...

  • LONDON, April 17- The Group of 20 leading economies is set to back action by regulators to ensure that clearing houses for securities can withstand market shocks. "We will identify and address gaps related to the resilience, recovery and resolution of central counterparties," G20 finance ministers and central bankers said in a draft communique prepared for a...

  • OPEC should consider return to oil quotas-delegate Friday, 17 Apr 2015 | 9:43 AM ET

    *OPEC last set quotas in 2008, not easy to revive them. LONDON, April 17- OPEC should consider re-introducing individual output quotas, shuffled quietly to one side in 2008, to prevent oversupply hitting prices should Iran increase its oil exports following a deal over its nuclear work, an OPEC delegate said. "Iraq is increasing each month and if that is so and if...

  • WASHINGTON, April 17- The Greek financial crisis has helped make the mood at international financial talks in Washington this week "notably more gloomy," British finance minister George Osborne said on Friday. "It's clear now to me that a misstep or a miscalculation on either side could easily return European economies to the kind of perilous situation we saw...

  • *OPEC, IEA say OPEC output surges, adding to glut. LONDON, April 17- Oil prices eased slightly on Friday as evidence this week of rising crude supplies from OPEC members offset Middle East tensions and signs of a slowdown in U.S. output. A day earlier, the International Energy Agency, which advises industrialized countries, also reported a surge in OPEC production to...

  • WASHINGTON, April 17- The Group of 20 leading economies was set on Friday to warn of a heightened risk of financial volatility as the monetary policies of major central banks begin to go their separate ways. "In an environment of diverging monetary policy settings and rising financial market volatility, policy settings should be carefully calibrated and...

  • WASHINGTON, April 17- The Group of 20 leading economies was set on Friday to warn of a heightened risk of financial volatility as the monetary policies of major central banks begin to go their separate ways.

  • UPDATE 4-Oil slips below $64 as ample supplies weigh Friday, 17 Apr 2015 | 5:14 AM ET

    *OPEC, IEA say OPEC output surges, adding to glut. LONDON, April 17- Oil eased below $64 a barrel on Friday as evidence this week of rising crude supplies from OPEC members outweighed signs of a slowdown in U.S. output and Middle East tensions. A day earlier, the International Energy Agency, which advises industrialized countries, also reported a surge in OPEC...

  • LONDON, April 17- European Union plans to help markets raise more funds for the economy play to London's strengths as a global trading centre, the bloc's financial services chief Jonathan Hill told leading bankers and dealers on Friday. In his first speech to London's financial community since his appointment to the European Commission last November, the...

  • *OPEC says March output up by 810,000 bpd. SINGAPORE, April 17- Brent crude oil prices fell on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. Dipping output from the United States and other rival producers due to oil prices halving since June last year, increased demand for OPEC's supplies, the...

  • *OPEC says March output up by 810,000 bpd. SINGAPORE, April 17- Brent crude oil prices fell over a dollar on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. "The strategy of OPEC to put pressure on the high-cost producers is working, but the individual members seem to have moved off that focus and...

  • WASHINGTON, April 16- The United States and Japan want the World Bank and Asian Development Bank to team up with a new Chinese-led development bank in syndicated loans, as a way of helping the new lender establish strong standards, Japan's finance minister said. Washington and Tokyo are leading members of the World Bank and ADB, respectively, and have been wary of...

  • WASHINGTON, April 16- Japan and the United States agreed that global institutions like the World Bank and the Asian Development Bank may work with the new Beijing- backed development bank by extending coordinated loans, Japanese Finance Minister Taro Aso said. "In our meeting, we agreed on the need for the Asian Infrastructure Investment Bank... to meet high global...

  • Oil prices fall as OPEC production soars Thursday, 16 Apr 2015 | 8:54 PM ET

    *OPEC says March output up by 810,000 bpd. SINGAPORE, April 17- Oil prices fell in early trading on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. "The strategy of OPEC to put pressure on the high-cost producers is working, but the individual members seem to have moved off that focus and are...

  • SINGAPORE, April 17- U.S. crude futures slipped towards $56 a barrel on Friday as soaring oil production from OPEC members stoked concerns over a global glut, but Middle East tensions kept a floor under prices. It climbed 32 cents to settle at $56.71 the day before, after hitting a 2015- high of $57.42. *Russian President Vladimir Putin said Iran's flexibility over...

  • DIARY- Top Economic Events to April 29 Thursday, 16 Apr 2015 | 8:01 PM ET

    WASHINGTON- 2015 Spring Meetings of the World Bank Group and the International Monetary Fund. WASHINGTON- Institute for International Finance hosts International Capital Markets and Emerging Markets Roundtable. NEW YORK- Reserve Bank of Australia Governor Glenn Stevens speaks at an American Australian Association luncheon hosted by Goldman Sachs- 1630...

  • MADRID, April 16- The home and office of former International Monetary Fund chief Rodrigo Rato were searched on Thursday as part of a tax and money laundering investigation into his personal wealth, Spanish judicial officials said. Rato was quoted by news agency EFE as saying he had "confidence in Spain's judicial system" and had been helpful to officials who...

  • MADRID, April 16- The home and office of former International Monetary Fund chief Rodrigo Rato were searched on Thursday as part of a tax and money laundering investigation into his personal wealth, Spanish judicial officials said, as cameras showed him being escorted from his home by police. Spain's state prosecutor had requested a search of Rato's home as...