Trade war, tariffs pose risks to U.S. and global growth: IMF, Fed officials

WASHINGTON/BOSTON (Reuters) – Officials of the U.S. Federal Reserve and International Monetary Fund separately warned on Thursday that global trade tensions and rising tariffs posed an increasing risk to decades of U.S. expansion, as well as to the global economy. Developments since early May, including a new 25% U.S. tariff on Chinese imports and threats of new U.S. levies on […]

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CORRECTED-Ukraine's president-elect expects successful review of IMF deal in May: Interfax

(Corrects to reflect Danylyuk expects successful review of IMF deal) KIEV, April 25 (Reuters) – The team of incoming president Volodymyr Zelenskiy expects Ukraine to successfully complete a review of its $3.9-billion programme with the International Monetary Fund in May, Interfax quoted adviser Oleksandr Danylyuk as saying on Thursday. “On the IMF. Naturally, the position is to continue cooperation. We […]

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Mnuchin says won't 'weaponize' IRS in request for Trump tax returns

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday he could not commit to meeting Democrats’ new April 23 deadline for turning over President Donald Trump’s tax returns to them, adding that he wanted to keep the Internal Revenue Service from being “weaponized” for political gain. Mnuchin, speaking to reporters on the sidelines of the International Monetary Fund […]

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G20 agrees on need for timely action as global economic risks rise

WASHINGTON (Reuters) – The Group of 20 industrialized nations agreed on the need to take timely policy action to ensure that heightening risks do not prolong a global economic slowdown, Japan’s central bank governor said on Friday. Bank of Japan Governor Haruhiko Kuroda said that while the global economy was likely to rebound in the latter half of this year, […]

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IMF chief says Brexit delay averts 'terrible outcome'

WASHINGTON (Reuters) – The six-month delay of Britain’s exit from the European Union avoids the “terrible outcome” of a “no-deal” Brexit that would further pressure a slowing global economy but does nothing to lift uncertainty over the final outcome, the head of the International Monetary Fund said on Thursday. Moreover, the just-struck arrangement would not resolve the issues between Britain […]

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Japan urges G20 to strengthen global coordination

WASHINGTON (Reuters) – Japan called on Group of 20 counterparts to strengthen coordination to address potential risks to the world economy, as simmering trade tensions and China’s slowdown cloud the global growth outlook. As chair of this year’s gathering of G20 major economies, Japan wants to deepen talks on global imbalances – an effort to divert Washington’s attention from bilateral […]

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IMF chief Lagarde says Brexit delay avoids 'terrible outcome'

WASHINGTON (Reuters) – The six-month delay of Britain’s exit from the European Union avoids the “terrible outcome” of a “no-deal” Brexit that would further pressure a slowing global economy but does nothing to lift uncertainty over the final outcome, the head of the International Monetary Fund said on Thursday. Moreover, the just-struck arrangement would not resolve the issues between Britain […]

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