Search Results for: International Monetary Fund
Creditors see delays in program
September 2nd, 2015
Greece’s creditors are bracing for problems from the outset of the country’s new bailout program given that the snap polls will effectively postpone the first inspection, originally scheduled for October. This will entail a delay in the talks on ...
IMF: A form of debt restructuring should enable Greece to handle its “unviable” debt
August 31st, 2015
Crisis in Greece: IMF’s Lagarde says restructuring should suffice A form of debt restructuring rather than outright forgiveness should enable Greece to handle its “unviable” debt burden, the head of the International Monetary Fund was quoted as telling a ...
Oil’s Drop Puts Spotlight on Saudi Arabia
August 25th, 2015
Some OPEC members call for renewed discussions within cartel about restraining production The plunge in global oil prices has eroded an important pillar of Saudi Arabia’s strategy of pumping freely to grab global market share: Demand growth that once ...
Saudi Arabian stocks tumbled entering a so-called death cross
August 18th, 2015
Saudi Stocks Sink Into Death Cross as IMF Sees Growth Slowing Saudi Arabian stocks tumbled, entering a so-called death cross, after the International Monetary Fund said the drop in oil prices may force spending cuts and curtail the kingdom’s ...
IMF Calls For Single VAT Rate In China
August 18th, 2015
The International Monetary Fund has recommended that China introduce a single rate of value-added tax, during recent talks on the rapid progress China is making on fiscal reform. The IMF said China is continuing to make progress on extending ...
Tax change is necessary to diversify UAE’s economy
August 14th, 2015
Step by step, the UAE is moving closer to implementing two laws that will change how the economy functions and how the country is perceived abroad. The first is a uniform corporate tax, which would apply to both domestic ...
Greek lawmakers back 3rd bailout after all-night debate
August 14th, 2015
Greek lawmakers approved their country’s draft third bailout in a parliamentary vote Friday that relied on opposition party support and saw the government coalition suffer significant dissent. The vote came after a marathon all-night session marked by procedural delays ...
Greece to get 6 billion euros in bridge loans if no agreement at Eurogroup
August 14th, 2015
Greece could get 6.04 billion euros in bridge financing if euro zone finance ministers cannot agree on the planned third bailout for Athens when they meet on Friday, according to German newspaper Bild, citing a European Commission proposal for ...
China’s Yuan Rate Rises for First Time Since Devaluation
August 14th, 2015
The yuan halted a three-day slide after China’s central bank raised its reference rate for the first time since Tuesday’s devaluation and said it will intervene to prevent excessive swings. The onshore spot rate was little changed at 6.4003 ...
Greece debt crisis: Tension rises ahead of vote on third bailout
August 13th, 2015
Faced with opposition to a new Greek bailout at home and abroad, Greek Prime Minister Alexis Tsipras on Wednesday expressed confidence that the deal would gain approval in what promises to be a tough vote in Greece’s Parliament in ...
