Search Results for: International Monetary Fund
Lagarde: China’s economy is not all ‘doom and gloom’
October 9th, 2015
The head of the International Monetary Fund, Christine Lagarde, has said the outlook for China‘s economy is not all “doom and gloom”. “I would say that it’s a recovery that is decelerating a bit,” she told the BBC, but ...
$50 Oil: So Close, Yet Oh So Far
October 8th, 2015
U.S. futures slip below $48, as inventories increase more than expected Oil prices pulled back from a one-month high on Wednesday, as yet another rally fizzled on a muddled supply outlook. Having pushed to nearly $50 a barrel in ...
IMF: Uncertainty, Complex Forces Weigh on Global Growth
October 7th, 2015
Global growth moderate and uneven, forecast at 3.1 percent this year, 3.6 percent in 2016 Disparate fortunes between the advanced and emerging market and developing economies Lower commodity prices weigh on commodity exporters The IMF’s latest World Economic Outlook (WEO) foresees ...
China’s Foreign Reserves Post Record Quarterly Drop on Yuan
October 7th, 2015
Stockpile shrinks $180 billion as PBOC props up currency Decline in September less than expected, boosting yuan China’s foreign-exchange reserves fell by a record in the third quarter as the central bank sold dollars to support the yuan after ...
Euro Area Urges Tsipras to Meet Bailout Pledges Without Delay
October 6th, 2015
Funds for recapitalization tied to country meeting conditions Finance ministers tell Tsipras not to ease up on reforms Greece shouldn’t expect the euro area to relax bailout requirements to meet next month’s deadline for unlocking money to recapitalize its ...
Oil prices fall on slowing global economic growth outlook
September 28th, 2015
Oil prices dropped in Asian trading hours on Monday despite a fall in U.S. drilling activity for the fourth straight week, with analysts pointing to a poor economic growth outlook as the main reason for low crude prices. China‘s ...
Gold dips as Yellen says Fed on track to hike rates this year
September 25th, 2015
Gold dropped from its highest in a month on Friday as the dollar rallied on an assurance from Federal Reserve chair Janet Yellen that the U.S. central bank would begin raising rates this year. Spot gold had fallen 0.7 ...
Greek Banks Said to Face Recapitalization at Top of Range
September 24th, 2015
Auditors tell lenders they need to be more conservative Latest bailout package allocates 25 billion euros for banks Greek banks are being told by auditors some of their assets are overvalued, meaning they may have to raise close ...
Why Vladimir Putin Won’t Be Helping OPEC to Cut Oil Production
September 11th, 2015
Past attempts at cooperation proved `dismal and disappointing’ Siberian winter makes it difficult to be swing oil producer Few things have more potential to spook the oil market than the prospect of Russia joining forces with OPEC. Speculation that such ...
China FX reserves fall record $93.9 bln in Aug as central bank supports yuan
September 7th, 2015
Global investors are bracing for data this week that could show a big drop in China‘s foreign exchange reserves as the central bank steps up its intervention to stabilise the yuan currency after its shock devaluation last month. China ...
