Dollar Mostly Steady Against Major Currencies

The U.S. dollar is mostly steady against most major currencies on Tuesday, with traders shunning riskier currencies amid renewed worries about global economic slowdown. With the International Monetary Fund (IMF) cutting its world economic growth forecast for the current year and 2020, citing U.S.-China trade disputes, Brexit uncertainty and the partial government shutdown in the U.S., global equities drifted lower […]

Read more

Crude Oil Futures Settle Sharply Lower

Crude oil futures ended sharply lower on Tuesday, as global growth worries resurfaced, raising concerns about energy demand. Recent disappointing data out of China and the lowering of global growth forecast by the International Monetary Fund triggered a sell-off in global stock markets and took a toll of crude oil as well. Notwithstanding the OPEC-led production cuts that aims to […]

Read more

IMF fears trade war and weak Europe could trigger sharp global slowdown

DAVOS, Switzerland (Reuters) – The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020 due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy. In its second downgrade in three months, the global lender also cited a bigger-than-expected slowdown in China’s […]

Read more

IMF cuts global growth outlook, cites trade war and weak Europe

DAVOS, Switzerland (Reuters) – The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020, due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy. In its second downgrade in three months, the global lender also cited a bigger-than-expected slowdown in China’s […]

Read more

Ukraine secures new IMF loan after making reforms

The Ukrainian leader says the International Monetary Fund has approved a new loan for the country. President Petro Poroshenko hailed the move as recognition of Ukraine's progress in stabilizing its economy and implementing reforms. Continue Reading Below Poroshenko said Wednesday that the IMF would quickly release the first installment, worth $1.4 billion, out of the new $3.9-billion loan package. The […]

Read more

How to end the govt-RBI rift

‘Has the time come to devise Version 2 of ad hoc T-bills?’‘In return, the government must agree to privatise all but five or six banks.’‘If something like this is not done, we will have governments going on the rampage, with increasing frequency,’ says T C A Srinivasa Raghavan.Illustration: Dominic Xavier/Rediff.com The unseemly wrangle last month between the government and the […]

Read more

UPDATE 1-IMF approves $3.7 bln credit facility for Angola

(Adds detail, context) JOHANNESBURG, Dec 8 (Reuters) – The International Monetary Fund said its board had approved a $3.7 billion credit facility for Angola to support economic reforms and would immediately disburse around $990 million. Angola said in August it had sought financial support from the IMF due to weaker-than-expected economic growth. Africa’s second-largest oil producer has been hurt by […]

Read more

IMF approves $3.7 bln credit facility to support Angolan economy

JOHANNESBURG, Dec 8 (Reuters) – The International Monetary Fund said its board had approved a $3.7 billion credit facility for Angola to support economic reforms and said it would immediately disburse around $990 million as part of the three-year facility. The lending programme “will help Angola restore external and fiscal sustainability and lay the foundations for sustainable, private-sector-led economic diversification,” […]

Read more

IMF cites progress in talks on Pakistan bailout

Pakistan and the International Monetary Fund have made "significant progress" toward agreeing on an $8 billion bailout package, the Fund said Tuesday following a week of talks in Islamabad. "There has been broad agreement on the need for a comprehensive agenda of reforms and policy actions aimed at reducing the fiscal and current account deficits, bolstering international reserves, strengthening social […]

Read more
1 2 3 5