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  • LIMA/ WASHINGTON, Feb 3- Peru has become the latest commodity exporter to seek financing help from the World Bank amid fiscal and currency pressures brought on by collapsing prices for metals, oil and other raw materials. Peruvian government sources and a World Bank official said on Wednesday that talks were underway for two new credit lines that will bolster...

  • LIMA/ WASHINGTON, Feb 3- Peru is in talks with the World Bank to secure two new credit lines that may be used to help Lima weather fiscal pressures brought on by the collapse of commodity prices, Peruvian government and World Bank sources said on Wednesday. Amounts for the three-year loan facilities could not be disclosed as discussions are continuing and the...

  • BENGALURU, Jan 14- Economic growth is losing momentum across emerging and developed economies as is inflation, with trouble in China now the biggest worry for 2016, according to the overwhelming majority of hundreds of economists polled by Reuters around the world. Elwin de Groot, senior market economist at Rabobank, warned that the world could no longer rely...

  • LIMA, Dec 21- Peru's government said on Monday that copper output in the world's third biggest producer should rise 65.5 percent in 2016 to about 2.5 million tonnes after MMG Ltd's massive Las Bambas project starts operations in February. Newmont Mining Corp's $4.8 billion gold and copper Conga project was derailed by unrest in 2011, and Southern Copper Corp...

  • SAN FRANCISCO, Dec 17- The world's central banks are scrambling to assess the risk a slowing China poses to their economies and appear to be no closer than most other observers to working out what is going on in the world's second largest economy. By raising interest rates on Wednesday the Fed removed one major source of uncertainty, leaving developments in China...

  • If the Fed hikes, who in the world will follow? Tuesday, 24 Nov 2015 | 7:00 AM ET
    The Federal Reserve building in Washington, D.C.

    If the Federal Reserve hikes interest rates in December, only a handful of central banks around the world are expected to join it.

  • LATAM Airlines beefs up Lima hub, adds Africa route Monday, 19 Oct 2015 | 4:54 PM ET

    SANTIAGO, Oct 19- LATAM Airlines, Latin America's largest airline, announced a swathe of new international routes on Monday, as it bolstered its hub in the Peruvian capital and promised a transatlantic route to Africa. From mid-2016 its hub in Lima would carry a new route to Washington DC, while in December 2015 it will begin flights from Lima to Uruguayan capital...

  • The poll also suggests that those few economies which have perked up this year, particularly the United States, the euro zone and Britain, are increasingly exposed to waning global demand and may not be able to maintain their momentum. "Worryingly, for the regions that have shown the most resilience- the U.S. and Europe- the outlook seems to become more clouded," wrote...

  • NEW YORK, Oct 12- The U.S. dollar fell on Monday and gold continued to rise as markets priced the possibility that the Federal Reserve would not begin a tightening cycle this year, while U.S. stocks opened little changed. Speaking at the annual autumn meeting of the IMF and World Bank in Lima, Peru on Sunday, Federal Reserve vice-chairman, Stanley Fischer, said...

  • SHANGHAI, Oct 12- Now is not the right time for the United States to raise interest rates, given the global economic situation, China's Finance Minister Lou Jiwei said in an interview published in the China Business News on Monday. Speaking on the sidelines of the annual meeting of the World Bank and International Monetary Fund in Lima, Lou said developed...

  • FRANKFURT, Oct 11- The European Investment Bank will examine whether Volkswagen used any loans from the European Union to cheat on emissions tests for diesel vehicles and could demand money back, EIB chief Werner Hoyer told a German newspaper. Europe's largest carmaker has admitted cheating in diesel emissions tests in the United States and Germany's...

  • LIMA, Oct 10- Switzerland's central bank sees a low risk of a negative price and wage spiral and is hopeful that a recent "slight" depreciation in the currency will continue,. In an interview on the sidelines of International Monetary Fund meetings in Lima, SNB Chairman Thomas Jordan repeated a pledge to keep interest rates in negative territory and intervene in...

  • LIMA, Oct 10- Bank of Canada Governor Stephen Poloz painted a reasonably cheery picture on Saturday of the Canadian and global economic outlook despite some downgraded forecasts and concerns about China. He said it was "maybe an overstatement" to characterize as gloomy the forecasts by the International Monetary Fund and the talk about them at the annual...

  • LIMA, Peru, Oct 10- Malaysia will use its state funds to put a floor under the country's battered stock market, though currency intervention and interest rate hikes are ruled out as tools to keep sharp falls in the ringgit in check, its deputy finance minister said. Foreign investors have trimmed exposure to Malaysia, causing its stock and bond prices to tank.

  • LONDON, Oct 10- Calls for central banks in advanced economies to raise interest rates to discourage investors building up leverage in emerging market assets could be misguided, a deputy governor of the Bank of England said on Saturday. Speaking at a panel at the International Monetary Fund conference in Lima, she said it was preferable to use macroprudential...

  • LIMA- RUSSIAN FINANCE MINISTER SILUANOV SAYS UKRAINE'S DEBT TO RUSSIA IS NOT COMMERCIAL DEBT.

  • LIMA- RUSSIAN FINANCE MINISTER SILUANOV SAYS AGREED WITH UKRAINE'S YARESKO TO CONTINUE DIALOG.

  • LIMA- RUSSIAN FINANCE MINISTER SILUANOV SAYS UKRAINE'S TERMS FOR DEBT RESTRUCTURING "NOT ACCEPTABLE".

  • DIARY-Top Economic Events to Oct 22 Friday, 9 Oct 2015 | 8:01 PM ET

    LIMA- Bank of Canada Governor Stephen Poloz will give a speech at the Institute of International Finance- 0645 GMT. LIMA- IMF/World Bank discussion on "What Makes a' Sustainable City'?" LIMA- IMF/World Bank discussion on "Ready for Takeoff: Implementing the Post-2015 Agenda".

  • *Basel has second thoughts on excluding external credit ratings. *Basel to end use of models for assessing operational risk. Stefan Ingves, head of the Swedish central bank and chairman of the Basel Committee on Banking Supervision, said few banks were happy with proposals made in March to revise a' standardised' approach for calculating credit risk.