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  • The International Monetary Fund cut its global growth forecasts for a second time this year on Tuesday, citing weak commodity prices and a slowdown in China and said policies aimed at increasing demand were needed. It, however, underperformed the euro, weighed down by soft economic data that have pushed back market expectations of monetary tightening by the...

  • TAKE A LOOK -IMF, World Bank meetings in Lima Tuesday, 6 Oct 2015 | 10:43 AM ET

    Finance ministers and central bankers from around the world are gathering in Lima this week for meetings of the International Monetary Fund and the World Bank. >IMF cuts global growth forecasts again, cites commodity and China worries. >IMF sees China slowdown risks, urges Beijing to float yuan.

  • BEIJING, Oct 6- China's policymakers should forge ahead with structural reforms to put the world's second-largest economy on a more sustainable footing, even as growth is likely to slow further to 6.3 percent in 2016, the International Monetary Fund said on Tuesday. The IMF expects China's growth to slow to 6.8 percent this year from 7.3 percent in 2014, and...

  • LIMA, Oct 6- The International Monetary Fund cut its global growth forecasts for a second time this year on Tuesday, citing weak commodity prices and a slowdown in China and warned that policies aimed at increasing demand were needed. Among major economies, the United States is expected to grow by 2.6 percent in 2015 and by 2.8 percent in 2016, the Eurozone is...

  • IMF SAYS FLOATING YUAN WOULD HELP CHINA ECONOMY ADJUST TO EXTERNAL SHOCKS.

  • LIMA, Oct 6- The International Monetary Fund said Tuesday that it now expects Latin America's economy to shrink 0.3 percent this year instead of growing 0.5 percent, largely due to a steep recession in Brazil and slumping commodity prices. The IMF had put 2016 growth at 1.7 percent in its last forecast in July, before regional giant Brazil's economy took a sharp...

  • IMF EXPECTS CHINA ECONOMY TO GROW 6.8 PCT IN 2015, 6.3 PCT IN 2016, UNCHANGED FROM EARLIER FORECAST.

  • TOKYO, Oct 6- The Bank of Japan should be ready to ease monetary policy further if needed to accelerate inflation toward its 2 percent target, preferably by buying government bonds with longer maturity, the International Monetary Fund said on Tuesday. Japan's core consumer prices in August marked their first annual drop since the central bank deployed its...

  • *Russia, Saudi met to discuss oil market- minister. *OPEC, non- OPEC should work jointly against oversupply-Badri. "The market is possibly moving on speculation that OPEC and non- OPEC countries will find an agreement to cooperate," said Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt.

  • *Urges non- OPEC countries to help tackle surplus. Non- OPEC countries invited to technical meeting on Oct. 21. LONDON, Oct 6- OPEC sees the oil market improving because of higher demand for the group's crude and a drop in supply growth from non-members, its secretary-general said, the latest sign that OPEC believes its strategy of defending market share is working.

  • *Russia, Saudi met to discuss oil market- minister. *OPEC, non- OPEC should work jointly against oversupply-Badri. "The market is possibly moving on speculation that OPEC and non- OPEC countries will find an agreement to cooperate," said Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt.

  • *Russia, Saudi met to discuss oil market- minister. *OPEC, non- OPEC should work jointly against oversupply-Badri. "The move is mainly down to profit-taking at this point," said Hans van Cleef, senior energy economist at ABN Amro in Amsterdam.

  • LUXEMBOURG, Oct 6- European Union finance ministers agreed on Tuesday to automatically exchange information on tax deals their governments strike with multinational companies, in a bid to clamp down on aggressive tax avoidance. The deal follows years of controversy over methods used by big corporations to minimise their tax bills: EU competition...

  • LONDON, Oct 6- Prime Minister David Cameron must hold a planned referendum on Britain's European Union membership as soon as possible or risk "accidental Brexit", the head of the Institute for Directors, a business lobby group, said on Tuesday. "Britain voting to leave the European Union is at least a 50-50 possibility," IoD Director General Simon Walker told an...

  • *Urges non- OPEC countries to help tackle surplus. *Says non- OPEC supply may fall in 2016 on lower investment. LONDON, Oct 6- OPEC sees the oil market improving because of higher demand for the group's crude and a drop in supply growth from non-members, its secretary general said, the latest sign that OPEC believes its strategy of defending market share is working.

  • BRUSSELS/ LUXEMBOURG, Oct 6- A deal that allows thousands of companies to transfer data from Europe to the United States is invalid, the highest EU court said on Tuesday in a landmark ruling that follows revelations of mass U.S. government snooping. But the decision by the Court of Justice of the European Union could sound the death knell for the system, set up by the...

  • *Britain plans referendum on membership of EU. MANCHESTER, England, Oct 6- Prime Minister David Cameron may need a promise of changes to European Union treaties to secure concessions he is seeking to keep Britain in the bloc but exploratory talks are going well, Europe Minister David Lidington said. Cameron has said the renegotiation is "bloody hard work" and while...

  • *OPEC, non- OPEC should work jointly against oversupply-Badri. Russia and Saudi Arabia discussed the oil market in a meeting last week, Russia's energy minister said, echoing demands by OPEC's secretary-general for all oil producers to work together to tackle a global surplus. "The market is possibly moving on speculation that OPEC and non- OPEC countries will...

  • LONDON, Oct 6- OPEC Secretary-General Abdullah al-Badri said on Tuesday the oil exporter group should work together with producers outside OPEC to tackle a global surplus of crude. "All of us should work together, OPEC and non- OPEC- work together to get rid of this overhang," Badri told an industry conference in London. OPEC has invited non- OPEC countries to attend a...

  • DIARY-Top Economic Events to Oct 19 Monday, 5 Oct 2015 | 8:01 PM ET

    LIMA- International Monetary Fund/World Bank discussion on " Ensuring Inclusive Development: Good Practices in Promoting Accountability in Latin America"- 1700 GMT. LIMA- International Monetary Fund/World Bank discussion on "Labor Market's Impact from the Slowdown in Latin America"- 1900 GMT. LIMA- International Monetary Fund/World Bank holds Youth...