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....". Capital controls were implemented in 2008, with the support of the International Monetary Fund (IMF), to shield the economy from severe depreciation. ... [Read full article on BBC ]
Sunday 12th of March 2017 03:14:37 PM
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....Persistent low interest rates are another element of the tougher climate for banks, as it is far more difficult to make a profit when the difference between borrowing and deposit rates is so small. Deutsche Bank, which last year was deemed the riskiest bank in the world by the International Monetary Fund for its global interconnectedness and weakness, has been slower than rivals to take action to recover from the financial crisis of 2008, giving it less strength to ride the weak business banking climate. ... [Read full article on BBC ]
Monday 20th of March 2017 09:25:46 AM
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....The BCC joined other bodies in raising its outlook for the UK’s GDP growth this year after a stronger-than-expected close to 2016 and signs of resilience to the Brexit vote among businesses and consumers. But it remains more pessimistic than other forecasters such as the Bank of England and the International Monetary Fund. ... [Read full article on Guardian ]
Tuesday 14th of March 2017 07:01:15 AM
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....“The rapid increase in debt payments in many countries comes after a boom in lending, a fall in commodity prices, the rising value of the US dollar and now increasing dollar interest rates,” said Jones. He warned there was a danger that loans from the International Monetary Fund (IMF) and other lenders would be used to bail out “reckless lenders” who were at risk of not getting repayments from crisis-hit countries. ... [Read full article on Guardian ]
Monday 13th of March 2017 07:00:26 AM
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. A letter bomb that was dispatched to the headquarters of the International Monetary Fund (IMF) in Paris and blew up on Thursday, injuring the employee who opened it, was sent from Greece, the Greek public order minister has said. ... [Read full article on Guardian ]
Thursday 16th of March 2017 11:48:58 AM
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Latest Finance News related to International Monetary Fund

Deutsche Bank cuts staff bonuses image
Source : BBC [Read Article] Monday 20th of March 2017 09:25:46 AM
....Persistent low interest rates are another element of the tougher climate for banks, as it is far more difficult to make a profit when the difference between borrowing and deposit rates is so small. Deutsche Bank, which last year was deemed the riskiest bank in the world by the International Monetary Fund for its global interconnectedness and weakness, has been slower than rivals to take action to recover from the financial crisis of 2008, giving it less strength to ride the weak business banking climate. ...
Letter bomb that exploded at Paris IMF office was sent from Greece image
Source : Guardian [Read Article] Thursday 16th of March 2017 11:48:58 AM
. A letter bomb that was dispatched to the headquarters of the International Monetary Fund (IMF) in Paris and blew up on Thursday, injuring the employee who opened it, was sent from Greece, the Greek public order minister has said. ...
UK economy will grow more strongly than expected, says BCC image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:01:15 AM
....The BCC joined other bodies in raising its outlook for the UK’s GDP growth this year after a stronger-than-expected close to 2016 and signs of resilience to the Brexit vote among businesses and consumers. But it remains more pessimistic than other forecasters such as the Bank of England and the International Monetary Fund. ...
US interest rate rise to deepen debt crisis in developing world image
Source : Guardian [Read Article] Monday 13th of March 2017 07:00:26 AM
....“The rapid increase in debt payments in many countries comes after a boom in lending, a fall in commodity prices, the rising value of the US dollar and now increasing dollar interest rates,” said Jones. He warned there was a danger that loans from the International Monetary Fund (IMF) and other lenders would be used to bail out “reckless lenders” who were at risk of not getting repayments from crisis-hit countries. ...
Iceland to end capital controls from 2008 financial crisis image
Source : BBC [Read Article] Sunday 12th of March 2017 03:14:37 PM
....". Capital controls were implemented in 2008, with the support of the International Monetary Fund (IMF), to shield the economy from severe depreciation. ...
Former IMF chief gets four years in jail for embezzlement in Spain image
Source : Guardian [Read Article] Thursday 23rd of February 2017 04:40:36 PM
. The former International Monetary Fund chief Rodrigo Rato has been sentenced to four-and-a-half years in prison for misusing corporate credit cards while in charge of two leading Spanish banks at the height of the country’s financial crisis. ...
Ex-IMF chief Rodrigo Rato gets 4.5 years for embezzlement image
Source : BBC [Read Article] Thursday 23rd of February 2017 04:05:42 PM
....Rato resigned as head of Bankia shortly before its near-collapse in 2012. He led the International Monetary Fund in 2004-07. ...
Germany overtakes UK as fastest-growing G7 economy image
Source : Guardian [Read Article] Thursday 23rd of February 2017 03:21:32 PM
.... It was fuelled by domestic demand as government and consumer spending rose. Germany proved the International Monetary Fund wrong, after the Washington-based fund predicted the UK would outpace its G7 peers. ...
Greek debt: will EU and IMF finally offer light at the end of the tunnel? image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 07:00:27 AM
....Knocked off the front pages by Brexit and Donald Trump, Greece is back on the agenda. The country’s two most important creditors will meet in Berlin on Wednesday when the German chancellor, Angela Merkel, hosts the head of the International Monetary Fund, Christine Lagarde. ...
We are unlikely to spot next financial crisis, Bank of England official says image
....Vlieghe, a former City economist, was answering criticisms from MPs on the Treasury select committee over a series of forecasting errors in the run-up to the Brexit vote. Like the Treasury, the International Monetary Fund and the Organisation for Economic Cooperation and Development (OECD), Threadneedle Street predicted a sharp slowdown in the event of a vote to leave the EU. ...
Greece standoff over €86bn bailout eases after Brussels deal image
Source : Guardian [Read Article] Monday 20th of February 2017 07:44:42 PM
....His government agreed at a meeting of eurozone finance ministers on Monday to talks on big economic reforms in exchange for progress on releasing the next instalment of bailout funds. In return, Europe signalled a winding back of austerity measures for the struggling nation, in a move that could end a dispute between EU creditors and the International Monetary Fund over how to deal with Greece. ...
‘From bad to worse’: Greece hurtles towards a final reckoning image
Source : Guardian [Read Article] Sunday 19th of February 2017 12:05:16 AM
....As Greece hurtles towards another full-blown confrontation with the creditors keeping it afloat, and as tensions over stalled bailout negotiations mount, it is a question many are asking. The country’s epic struggle to avert bankruptcy should have been settled when Athens received €110bn in aid – the biggest financial rescue programme in global history – from the EU and International Monetary Fund in May 2010. ...
Trump's changed stance on Nato, will he sober up about IMF and WTO? | Barry Eichengreen image
.... Even a president committed to putting “America first” now seems to recognise that a framework through which countries can pursue shared goals is not a bad thing. The question now is whether what is true for Nato is also true for the International Monetary Fund, the World Bank, the World Trade Organisation, and the Basel committee on banking supervision. ...
Greece defies creditors over more cuts as economy shrinks unexpectedly image
Source : Guardian [Read Article] Tuesday 14th of February 2017 07:57:17 PM
....The setback came as prime minister Alexis Tsipras’ lefist-led coalition said it would not consent to additional austerity beyond the cuts the country had already agreed to administer under its third, EU-led bailout programme. Speaking on state TV, the digital policy minister Nikos Pappas, Tsipras’ closest confidant, insisted that ongoing differences between the EU and International Monetary Fund over how to put the debt-stricken state back on the road to recovery were squarely to blame for the failure to conclude a compliance review at the heart of the standoff. ...
Utopian thinking: the eclipse of neoliberalism heralds a new dawn of sharing | Minna Salami image
.... But it is not only those you would expect to be critical of neoliberalism who are opposing it. Even organisations such as the International Monetary Fund, a champion of neoliberalism if ever there was one, openly question it too. ...
Calling the latest Greek deal a sticking plaster does disrespect to the Elastoplast image
....The Germans, who have called the shots during the five years of rolling Greek crises, with the Dutch for allies, have long argued that pension cuts must come before cash handouts. The International Monetary Fund, which has tagged along with the EU for all that time, has recently drawn away from the hardline EU commission. ...
Greece hopeful of imminent EU debt  deal     despite German warning image
Source : Guardian [Read Article] Thursday 9th of February 2017 07:53:55 PM
....The Greek government has expressed hope of an imminent deal with its EU creditors, despite a warning from the German finance minister, Wolfgang Schäuble, that the country could cut its debts only by leaving the single currency. Athens is in a familiar stand-off with the German finance ministry as it seeks easier repayment terms on its €330bn (£280bn) debt pile, which the International Monetary Fund has described as unsustainable and explosive. ...
Bank of England appoints Charlotte Hogg as deputy governor image
Source : Guardian [Read Article] Thursday 9th of February 2017 05:57:26 PM
....Carney said: “Many of the top priorities in markets and banking currently coincide with those of the Bank’s central operational areas, meaning Charlotte is the ideal person to lead these efforts … her breadth of financial sector and operational experience will contribute valuable, broader perspectives to the Bank’s policy committees”. Although Hogg lacks Shafik’s international connections at organisations such as the International Monetary Fund, the privately-educated, Oxford graduate will wield considerable experience of the domestic financial sector when she takes up her new position at the end of the month. ...
Devil-may-care investors fall under spell of Trump-mania image
Source : Guardian [Read Article] Thursday 9th of February 2017 02:31:01 PM
....As protesters take to the streets of Athens, the blame game among those who have imposed debilitating austerity on Greece is hotting up. The International Monetary Fund aimed the first punch, arguing that the beleaguered nation had taken enough punishment. ...
Trump envoy says Greece is now more likely to leave the euro image
Source : Guardian [Read Article] Wednesday 8th of February 2017 03:10:19 PM
....Malloch made his comments as financial markets began to take fright at the possibility of a fresh Greek debt crisis later this year. Shares fell and interest rates on Greek debt rose after it emerged that the EU was at loggerheads with the International Monetary Fund (IMF) over whether to give the country more generous debt relief. ...
Greece's debt costs rise sharply as worries grow over IMF role image
Source : Guardian [Read Article] Tuesday 7th of February 2017 06:26:16 PM
....8%, the highest close since November. The renewed focus on Greece’s debts came as the International Monetary Fund revealed its board was split over how far spending cuts in the country should go, raising fresh doubts over its participation in rescue plans for the struggling Greek economy. ...
Greek debt crisis: an existentialist drama with no good end in sight | Larry Elliott image
.... It is currently on its third bailout. Up until now the money has been provided by Europe and the International Monetary Fund and it has come with strings attached. ...
Grexit? Greece again on the brink as debt crisis threatens break with EU image
Source : Guardian [Read Article] Friday 3rd of February 2017 02:36:32 PM
....The impasse has turned into a standoff as creditors demand additional austerity once the current bailout expires. Without further reduction of pensions – already cut 12 times since the crisis began – and the tax-free threshold of personal incomes, the International Monetary Fund (IMF) argues, the debt-stricken country will never be able to achieve its agreed fiscal goal of a primary surplus of 3. ...
Saudi Arabia signals end of tax-free living as oil revenues slump image
Source : Guardian [Read Article] Tuesday 31st of January 2017 01:51:14 AM
.... “A royal decree has been prepared,” it said. The move is in line with an International Monetary Fund recommendation for Gulf states to impose revenue-raising measures including excise and value-added taxes to help their adjustment to lower crude prices which have slowed regional growth. ...
Retreat from globalisation will destabilise the world economy | Mohamed El-Erian image
....The advanced economies’ final key advantage is voting power and representation. They command either veto power or a blocking minority in the Bretton Woods institutions (the International Monetary Fund and the World Bank), which gives them a disproportionate influence on the rules and practices that govern the international economic and monetary system. ...
Greece has three weeks to deal with 'potentially disastrous' debt image
Source : Guardian [Read Article] Sunday 29th of January 2017 07:07:40 PM
....Faced with the dilemma of agreeing to additional austerity or calling fresh elections, prime minister Alexis Tsipras was weighing his options at the weekend. Fears of further uncertainty in Europe’s weakest member state mounted as the International Monetary Fund (IMF) predicted that Greece’s debt load could become “explosive” by 2030. ...
Globalisation once made the world go around. Is it about to grind to a halt? image
....”. Christine Lagarde, managing director of the International Monetary Fund, said that if Trump went ahead with his trade agenda, it would undo all the growth benefits from his tax cuts and infrastructure spending – and then some. ...
Middle classes in crisis, IMF's Christine Lagarde tells Davos 2017 image
Source : Guardian [Read Article] Wednesday 18th of January 2017 11:51:21 AM
. The head of the International Monetary Fund, Christine Lagarde, has called for urgent action to tackle a “middle-class crisis” hitting working people as she warned that inequality, distrust and a lack of hope were fuelling growing populism. ...
Robotics, Trump and Brexit turn up the heat amid the snow of Davos image
Source : Guardian [Read Article] Saturday 14th of January 2017 03:59:30 PM
.... WEF’s global risks report, released last week, argues that a “growing mood of anti-establishment populism” means market capitalism must now be reformed, and several panels will examine how this could happen. One panel will consider the plight of the “squeezed and angry” middle classes, with contributions from International Monetary Fund chief Christine Lagarde and hedge fund billionaire Ray Dalio. ...
Army of staff descends on Davos to serve WEF super-rich image
Source : Guardian [Read Article] Friday 13th of January 2017 04:43:08 PM
....Christine Lagarde. The managing director of the International Monetary Fund (IMF) is a firm fixture at the WEF, and will participate in at least three panels at this year’s conference including “Squeezed and Angry: How to fix the middle-class crisis”, and another on how to “challenge stereotypes and institutional inertia to achieve gender parity within our lifetimes”, as well as being keynote speaker on the wider challenges facing the economy this year. ...
ILO warns of rise in social unrest and migration as inequality widens image
Source : Guardian [Read Article] Thursday 12th of January 2017 09:00:07 PM
.... “Over the coming decade, the number of international migrants may increase further,” the report added. The ILO echoed central bankers and groups such as the International Monetary Fund in urging policymakers to stem the rise in unemployment by increasing state spending where possible and by addressing the root causes of the economic slowdown such as income inequality. ...
World Bank predicts 2.7% global economic growth in 2017 image
Source : BBC [Read Article] Tuesday 10th of January 2017 09:00:21 PM
....However weak growth like seen in 2015 would only bring down such poverty to 9%. Next week, the International Monetary Fund will issue its economic outlook for 2017. ...
Chief economist of Bank of England admits errors in Brexit forecasting image
Source : Guardian [Read Article] Thursday 5th of January 2017 08:52:01 PM
....6%. Forecasts by the Treasury, the International Monetary Fund and the Paris-based OECD, all pointed to a recession after the vote, based on assumptions of steeply declining consumer spending and business investment. ...
Why the UK economy could fare better in 2017 than forecasters predict image
Source : Guardian [Read Article] Sunday 1st of January 2017 12:36:53 PM
.... But after the year forecasters had in 2016, who would be brazen enough to predict how 2017 will pan out?. Where most economists went wrong last year – including the likes of the Bank of England and International Monetary Fund – was in predicting a sharp slowdown in the event of a vote for Brexit. ...
Britons putting away money in anticipation of Brexit slowdown image
Source : Guardian [Read Article] Wednesday 28th of December 2016 11:47:22 AM
....The UK economy is expected to slow significantly in 2017 as uncertainty builds about Britain’s future outside the European Union. The International Monetary Fund is predicting growth will slow to 1. ...
UK factories wary of sterling's fall and rising costs in new year image
Source : Guardian [Read Article] Monday 26th of December 2016 04:49:56 PM
....”. The economic news since the vote to leave the EU in June has generally defied gloomy predictions of a sharp slowdown from forecasters like the Bank of England and International Monetary Fund. ...
Business as usual for UK economy – but where will it go in 2017? image
Source : Guardian [Read Article] Friday 23rd of December 2016 11:30:41 AM
....These, though, were not normal times. The expectation of the Bank of England, the International Monetary Fund, the Treasury and the Organisation for Economic Cooperation was that a vote to leave the EU would result in instant economic carnage. ...
UK GDP growth better than expected in Brexit vote aftermath image
Source : Guardian [Read Article] Friday 23rd of December 2016 09:52:37 AM
.... “Does Britain really want this DIY recession? Because that’s what the evidence shows we’ll get if we vote to leave the EU,” he said. The International Monetary Fund and Organisation for Economic Co-operation and Development sounded similar warnings before the referendum. ...
Christine Lagarde damaged but able to limp on at IMF image
Source : Guardian [Read Article] Tuesday 20th of December 2016 12:00:09 AM
. Christine Lagarde has survived as managing director of the International Monetary Fund, which is clearly what the court in Paris wanted. ...
IMF chief on trial image
Source : BBC [Read Article] Monday 19th of December 2016 03:16:17 PM
. The head of the International Monetary Fund (IMF), Christine Lagarde, has been found guilty of negligence after a trial in France over compensation awarded in 2008 to Bernard Tapie, a well-connected businessman, when she was finance minister. ...
Christine Lagarde avoids sentence despite guilty verdict in negligence trial image
....Christine Lagarde has been found guilty of negligence in approving a massive payout of taxpayers’ money to controversial French businessman Bernard Tapie but avoided a jail sentence. A French court convicted the head of the International Monetary Fund and former government minister, who had faced a €15,000 (£12,600) fine and up to a year in prison. ...
Christine Lagarde: IMF chief convicted over payout image
Source : BBC [Read Article] Monday 19th of December 2016 02:29:35 PM
. A French court has found International Monetary Fund chief Christine Lagarde guilty of negligence but did not hand down any punishment. ...
Savers are slowly choking off the life of the world economy image
Source : Guardian [Read Article] Sunday 18th of December 2016 07:00:44 AM
....Firstly there is the sheer scale of savings held by individuals, companies and governments. Earlier this year the International Monetary Fund felt the need to add it all up and declared it a savings glut. ...
Tsipras’s spending spree may be relief to Greeks but it won’t end crisis image
Source : Guardian [Read Article] Saturday 17th of December 2016 04:00:26 PM
....Those who live in Athens know that while the Greek crisis may ebb and flow, it never goes away. Everyone involved – Europe’s paymaster, Germany, the 19-member euro group of eurozone finance ministers, the ESM and the International Monetary Fund – are acutely aware that almost any move could reignite the problems. ...
Greece on collision course with lenders as ESM freezes debt relief image
Source : Guardian [Read Article] Wednesday 14th of December 2016 07:41:55 PM
....”. The prospect of the Greek debt crisis flaring up again came as Athens also sparred with the International Monetary Fund which, with the exception of a third bailout signed last summer, has supported the rescue packages shoring up the Greek economy. ...
Eurozone halts Greek debt relief plan image
Source : BBC [Read Article] Wednesday 14th of December 2016 03:54:04 PM
.... . The International Monetary Fund thinks those targets aren't really desirable and are certainly unrealistic without further economic reforms. ...
Greece 'boxed in' as EU and IMF fight over nation's debt relief plan image
Source : Guardian [Read Article] Tuesday 13th of December 2016 08:34:40 PM
. The row over how to stabilise the indebted Greek economy has resurfaced with renewed vigour after the European Union on Tuesday angrily rejected charges by the International Monetary Fund (IMF) that its current rescue programme is “not credible”. ...
Christine Lagarde in court over €400m payout to French tycoon image
Source : Guardian [Read Article] Monday 12th of December 2016 02:26:44 PM
. Christine Lagarde, the head of the International Monetary Fund, has gone on trial accused of negligence over a €400m (£335m) payment made to a French tycoon while she was the country’s finance minister. ...
Monte dei Paschi di Siena tries to keep €5bn rescue plan alive image
Source : Guardian [Read Article] Monday 12th of December 2016 07:41:00 AM
.... Italian banks have been weighed down by €360bn of non-performing loans that were mostly taken out by small Italian businesses which have been battered by years of recession. Italy returned to growth in 2015, but the improvements are only modest and the International Monetary Fund predicted that GDP would not likely return to pre-crisis levels until the mid-2020s. ...
Venezuela pulls highest-value banknote 'to strike against mafia' image
Source : BBC [Read Article] Monday 12th of December 2016 02:33:45 AM
....Venezuela's currency has fallen dramatically amid skyrocketing inflation. On the black market, its value dropped by 55% against the US dollar just in the past month, and the International Monetary Fund estimates that next year's prices will rise by more than 2,000%. ...
UK economy set for sluggish growth, warns business group image
Source : Guardian [Read Article] Monday 12th of December 2016 12:01:41 AM
....”. The BCC said based on the available economic news and its own survey of businesses, it did not expect the economy to fall into a recession – something groups such as the International Monetary Fund had warned was a risk in the event of a vote for Brexit. ...
IMF's Christine Lagarde 'confident' as trial begins image
Source : Guardian [Read Article] Sunday 11th of December 2016 10:05:52 PM
. The International Monetary Fund’s managing director, Christine Lagarde, is due to stand trial on Monday afternoon over her role in a €400m (£335m) payment to a French businessman when she was France’s finance minister in the government of former conservative president Nicolas Sarkozy. ...
Keynesian economics: is it time for the theory to rise from the dead? image
Source : Guardian [Read Article] Sunday 11th of December 2016 12:52:51 PM
.... In Britain, December 1976 was the pivotal moment. Matters came to a head in early December when a divided and fractious cabinet agreed that austerity was a price that had to be paid for a loan from the International Monetary Fund, which was needed to prop up the crashing pound. ...
Greece under fire over Christmas bonus for low-income pensioners image
Source : Guardian [Read Article] Friday 9th of December 2016 06:52:09 PM
....5% for a 10-year period after its current bailout accord expires in 2018 has added to the pressure as it has become ever clearer that Athens will have to adopt more austerity. The demand has become a major sticking point in the continuing row over the International Monetary Fund joining the latest rescue programme – participation Berlin deems crucial if it is to continue disbursing funds. ...
Thousands of UK restaurants could go bust, accountancy firm warns image
Source : Guardian [Read Article] Monday 5th of December 2016 12:01:09 AM
....There have been a growing number of warnings over dearer food prices, from Britain’s biggest supermarket, Tesco, and others, and the impact on poor families. The Bank of England, the International Monetary Fund and City economists all believe that inflation will rise to at least 3% by the end of next year, from 0. ...
Venezuela issues new banknotes after inflation image
Source : BBC [Read Article] Sunday 4th of December 2016 05:37:33 PM
.... He maintains that the economic crisis is being backed by the US. The government last published figures for inflation in December 2015, putting it at 180%, but the International Monetary Fund (IMF) estimates that next year's prices will rise by more than 2,000%. ...
Venezuela to issue new bolivar banknotes after dramatic fall in value image
Source : Guardian [Read Article] Sunday 4th of December 2016 04:49:40 PM
....Venezuela’s central bank has failed to publish any inflation data for 2016. The International Monetary Fund estimates that price rises next year will surpass 2,000%. ...
Greece must reform or leave eurozone, says German minister image
Source : Guardian [Read Article] Sunday 4th of December 2016 04:29:20 PM
....Athens’s leftist-led government has long argued that the country’s staggering €330bn debt load is the single biggest impediment to sustainable growth. It is an argument that has won backing from the International Monetary Fund. ...
Scepticism about a Brexit apocalypse looks increasingly justified image
Source : Guardian [Read Article] Monday 28th of November 2016 01:48:59 PM
....In the months leading up to the EU referendum in June, George Osborne had two people he could always rely on to back the argument that Brexit would have immediate, dire consequences for the UK economy. One was Christine Lagarde, the managing director of the International Monetary Fund. ...
World trade hangs in the balance as Trump prepares plan of action image
Source : Guardian [Read Article] Saturday 26th of November 2016 04:00:35 PM
....Marcus Noland, an author of the Peterson Institute report, says signals from the Trump camp indicate he has also shelved his threatened war on China and Japan while he focuses on domestic concerns. That will be a relief to the International Monetary Fund and the Organisation of Economic Cooperation and Development (OECD), which have spent the last couple of years wringing their hands over a sharp decline in trade. ...
Brexit uncertainty will hold UK GDP growth back, says OBR image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 07:14:25 PM
....4% and warns there will be a knock-on effect on the public finances. That forecast was a touch more positive than the picture painted by other forecasters such as the International Monetary Fund, and the UK chancellor, Philip Hammond, was quick to point out in his autumn statement that it would leave Britain outperforming France and Italy next year and possibly Germany too. ...
Autumn Statement: Big increase in borrowing predicted image
Source : BBC [Read Article] Wednesday 23rd of November 2016 01:29:37 PM
....0%. But Mr Hammond stressed in his Autumn Statement speech that the forecast for 2017 was still equal to the International Monetary Fund's prediction for the German economy and ahead of its forecast for "many of our European neighbours including France and Italy - a fact that will no doubt be a source of very considerable irritation to some". ...
Citi and JP Morgan top regulators' list of banks posing systemic risk image
Source : Guardian [Read Article] Monday 21st of November 2016 06:44:37 PM
....HSBC has also been scaling back its global presence – it recently sold its operations in Brazil – and also reducing its exposure to risky loans. Deutsche Bank, which was described by the International Monetary Fund as the world’s riskiest bank, remained in the third category – where HSBC, Bank of America and French bank BNP Paribas also reside – requiring it to top up its capital by two percentage points. ...
Fuel prices are 'beyond reach' of many Zambians image
Source : BBC [Read Article] Friday 18th of November 2016 05:35:12 PM
....In Zambia, fuel subsidies have been cut and the cost of transport has risen by 25%. The move is part of the government's attempts to reduce its ballooning budget deficit and, it is also believed, part of the groundwork necessary to qualify for a bailout loan from the International Monetary Fund. ...
Unemployment falls to 11-year low image
Source : Guardian [Read Article] Wednesday 16th of November 2016 03:07:31 PM
....The figures for the three months to September are the first health check of the labour market where all the data applies to the period following the referendum. The Bank of England, the International Monetary Fund and Paris-based thinktank the Organisation for Economic Cooperation and Development (OECD) had all predicted that a UK vote to leave the EU would take its toll on employers and push up unemployment. ...
UK investment in tech and transport among world's worst, says TUC image
Source : Guardian [Read Article] Wednesday 16th of November 2016 06:01:11 AM
....Hammond has played down the likelihood of extra public spending on new infrastructure projects, preferring to focus on tax allowances and other incentives to encourage business investment. Last month, following a visit to the International Monetary Fund (IMF) in Washington, he said: “Now is a good time to invest in genuinely productivity-enhancing infrastructure, and to take advantage of low borrowing costs and our ability to borrow. ...
Barack Obama calls for 'meaningful debt relief' for Greece image
Source : Guardian [Read Article] Sunday 13th of November 2016 07:39:08 PM
.... “I am a strong believer that to make reforms sustainable, people need hope,” he told the Greek newspaper Kathimerini before the trip, which will be his final state visit before leaving office. “The International Monetary Fund has said that debt relief is crucial to put Greece’s economy on a sustainable path and set the stage for a return to prosperity. ...
S&P predicts hard Brexit and fresh downgrade for UK image
Source : Guardian [Read Article] Friday 11th of November 2016 12:16:15 PM
....”. The agency cited data from the International Monetary Fund, which suggested the UK’s share of the world economy will shrink from about 5% in 1980 to just over 3% in 2020. ...
UK public finances to be '£25bn worse off' by 2020 image
Source : BBC [Read Article] Tuesday 8th of November 2016 12:05:09 AM
....Several groups have reduced their UK growth forecasts and raised their inflation forecasts since the EU referendum. Last month, the International Monetary Fund cut its forecast for 2017 UK economic growth to 1. ...
Greek prime minister reshuffles cabinet to boost bailout reforms image
Source : Guardian [Read Article] Sunday 6th of November 2016 05:39:13 PM
.... The 70-year-old head of the Levy Economics Institute, a thinktank, will have oversight of investment policies and EU structural funds. Signalling he would push ahead with the often unpopular policies demanded by Greece’s lenders – the European Union and the International Monetary Fund – Tsipras also retained the finance minister, Euclid Tsakalotos. ...
Economic woes create anti-establishment movements around the world image
Source : Guardian [Read Article] Saturday 5th of November 2016 04:00:51 PM
....Economic growth has been consistently disappointing in Italy and a succession of coalition governments has failed to push through reforms to help adapt the economy to a changing world. The International Monetary Fund warned recently that the economy may not fully recover until the mid-2020s. ...
Deutsche Bank reports profit despite 'tough' environment image
Source : BBC [Read Article] Thursday 27th of October 2016 06:26:11 AM
.... . And earlier this year, the International Monetary Fund described it as the biggest risk to the global banking system. ...

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