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World Economy Economic Organizations

  • MEXICO CITY, Aug 3- Under a best-case scenario, a newly negotiated North American Free Trade Agreement between Mexico, the United States and Canada would not be implemented before the end of next year or the start of 2019, Mexico's economy minister said on Thursday. Mexico has set out the goals of prioritizing free access for goods and services, greater labor...

  • LAGOS, Aug 3- Nigeria and the International Monetary Fund disagree over how much the economy will grow this year, with the government saying 2.2 percent and the Fund opting for just 0.8 percent. Either would be an improvement on last year, however, when Nigeria suffered its first recession in more than two decades. Nigeria estimates record spending of 7.94...

  • WASHINGTON, July 28- The International Monetary Fund on Friday said that the U.S. dollar was overvalued by 10 percent to 20 percent, based on U.S. near-term economic fundamentals, while it viewed valuations of the euro, Japan's yen, and China's yuan as broadly in line with fundamentals. The IMF's External Sector Report- an annual assessment of currencies and...

  • SHANGHAI, July 28- China stocks ended higher on Friday, with the Shanghai benchmark index recording the sixth consecutive week of gains, bolstered by recent solid economic data and the country's pledge to persist with supply-side reforms. The International Monetary Fund said on Monday it now expected stronger growth of 6.7 percent in China in 2017, while a...

  • BUENOS AIRES, July 27- Argentina's central bank needs more autonomy to increase the effectiveness of its monetary policy, Organization for Economic Co-Operation and Development Chief of Staff Gabriela Ramos said on Thursday during a visit to the country. The OECD expects Argentina's economy to grow 2.9 percent in 2017 and 3.2 percent in 2018, according to...

  • LONDON, July 25- Uganda's new-found oil reserves may account for as much as 4 percent of its economy annually in coming years if managed well, the International Monetary Fund's country chief says. IMF Mission Chief for Uganda Axel Schimmelpfennig writes in a blog post that the country also needs some strategic infrastructure investment and better debt...

  • KUALA LUMPUR, July 24- The International Monetary Fund kept its growth forecasts for the world economy unchanged for this year and next, although it revised up growth expectations for the euro zone and China. In an updated World Economic Outlook released on Monday in Kuala Lumpur, the IMF said global gross domestic product would grow 3.5 percent in 2017 and 3.6...

  • LONDON, July 24- Britain has suffered the biggest downgrade of economic growth projections by the International Monetary Fund for the world's rich nations this year, prompting the finance ministry to renew its call for a smooth exit from the European Union. Britain's economy now looks set to grow by 1.7 percent this year, down from a forecast made in April of 2.0...

  • LONDON, July 24- Euro zone bond yields nudged up on Monday as an upward revision to economic growth forecasts from the International Monetary Fund highlighted a strengthening economy that could encourage the ECB to step back from its ultra-loose monetary policy. It shaved its forecasts for U.S. economic growth and cut its 2017 GDP forecast for Britain.

  • KUALA LUMPUR, July 24- The International Monetary Fund kept its growth forecasts for the world economy unchanged for this year and next, although it revised up growth expectations for the eurozone and China. "While risks around the global growth forecast appear broadly balanced in the near term, they remain skewed to the downside over the medium term," the IMF said...

  • IMF SAYS IT KEEPS GLOBAL GROWTH FORECASTS UNCHANGED AT 3.5 PCT FOR 2017, 3.6 PCT FOR 2018.

  • KUALA LUMPUR, July 24- The International Monetary Fund on Monday kept its growth forecasts for the world economy unchanged for this year and next, although it slightly revised up growth expectations for the eurozone and China. In its updated World Economic Outlook, the IMF said global gross domestic product would be 3.5 percent in 2017 and 3.6 percent in 2018.

  • *IMF approves 1.6 billion euro Greek loan "in principle". LONDON, July 21- Euro zone government bonds were in demand on Friday as the cautious stance of policymakers cheered investors, while IMF support for a Greek bailout added to the general mood of goodwill towards the single currency bloc. The European Central Bank left its ultra-easy monetary policy...

  • *IMF approves 1.6 billion euro Greek loan "in principle". LONDON, July 21- Euro zone government bonds were in demand on Friday as the cautious stance of policymakers cheered investors, while IMF support for a Greek bailout added to the general mood of goodwill towards the single currency bloc. The European Central Bank left its ultra-easy monetary policy...

  • Benchmark copper on the London Metal Exchange was up 0.2 percent at $5,972 at 1045 GMT, close to Monday's high of $6,022.50- the first rise above $6,000 since March 2. "There's still a halo effect from the stronger-than-expected Chinese numbers," ETF Securities analyst Nitesh Shah said. CHINA ECONOMY: The Asian Development Bank raised its 2017 and 2018 growth...

  • MEXICO CITY, July 18- Mexico's economy minister on Tuesday expressed concern that the United States was insisting on reducing trade deficits in objectives it set out for the renegotiation of the NAFTA trade deal, a document he nevertheless said contained "no surprises." Speaking on Mexican television, Economy Minister Ildefonso Guajardo also raised...

  • WASHINGTON, July 17- The United States on Monday launched the first salvo in the renegotiation of the 23- year-old North American Free Trade Agreement, saying its top priority for the talks was shrinking the U.S. trade deficit with Canada and Mexico. Trade Representative Robert Lighthizer said he would seek to reduce the trade imbalance by improving access for...

  • WASHINGTON, July 17- The United States on Monday launched the first salvo in the renegotiation of the 23- year-old North American Free Trade Agreement, saying its top priority for the talks was shrinking the U.S. trade deficit with Canada and Mexico. Trade Representative Robert Lighthizer said he would seek to reduce the trade imbalance by improving access for...

  • In a statement, the Mexican economy ministry said it expected talks between the United States, Mexico and Canada on renegotiating the North American Free Trade Agreement to be able to get under way from Aug. 16. The United States said its top priority for the talks was shrinking the U.S. trade deficit with Mexico and Canada, a recurring complaint of U.S.

  • WASHINGTON, July 17- The United States on Monday launched the first salvo in the renegotiation of the 23- year-old North American Free Trade Agreement, saying its top priority for the talks was shrinking the U.S. trade deficit with Canada and Mexico. Trade Representative Robert Lighthizer said he would seek to reduce the trade imbalance by improving access for...