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IMF says ECB, ESM support key to strong EU coronavirus response

WASHINGTON (Reuters) – The International Monetary Fund said on Monday the relaxation of the euro zone’s fiscal rules and support from the European Central Bank and the European Stability Mechanism is critical to a strong regional response to the coronavirus pa... More »

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Fallout from Trump’s trade wars felt by economies around the world

WASHINGTON (Reuters) – The collateral damage of the United States’ trade wars is being felt from the fjords of Iceland to the auto factories of Japan. Central bank governors and finance ministers traded grim tales of suffering economies at the International Mo... More »

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Greece to strike deal this weekend to repay IMF early: official

WASHINGTON (Reuters) – Greece is looking to strike a deal this weekend to repay early about half of the loans it received from the International Monetary Fund, in a bid to lower the euro zone member’s burden of debt servicing, a senior official said on Friday.... More »

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ECB model suggests euro zone growth could slow further: sources

WASHINGTON (Reuters) – An internal European Central Bank model indicates the euro zone’s economic growth could slow further in the second quarter, suggesting the projected recovery may be delayed even further, two sources familiar with the discussion said on F... More »

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Beyonce leads all-star line-up at Mandela tribute concert

JOHANNESBURG (Reuters) – Thousands turned out on Sunday for a concert in Johannesburg to honor the life of Nelson Mandela, with Beyonce leading an all-star line-up. The event, held to mark 100 years since the birth of South Africa’s first black president, was ... More »

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Treasury chief may visit China as trade tensions simmer

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world’s two largest economies, as international policymakers acknowledged Beijing needs to change its trade pract... More »

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Worries over Trump policies cloud start of IMF, World Bank meetings

A security personnel stands next to International Monetary Fund logo at IMF headquarters in Washington, U.S., April 19, 2017. REUTERS/Yuri Gripas World finance leaders are gathering on U.S. President Donald Trump’s home turf on Thursday to try to nudge his sti... More »

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Afghan businesses feel squeeze from government tax drive

Afghan men build a house on a hilltop overlooking Kabul, Afghanistan January 1, 2017. REUTERS/Mohammad Ismail A new tax regime aimed at weaning Afghanistan off international aid has boosted government revenues but drawn complaints from some private businesses ... More »

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Putin, Obama discuss Syria, Ukraine at G20: Russian agencies

Russian President Vladimir Putin and U.S. President Barack Obama discussed the conflicts in Syria and Ukraine at their meeting on the sidelines of the Group of 20 summit in China’s Hangzhou, Russian media cited the Kremlin spokesman as saying on Monday. More »

Bangladesh gets $150 million from World Bank for health

DHAKA The World Bank said on Sunday it has approved $150 million in additional financing to help improve Bangladesh’s health systems and services, bringing its total support for health projects in the country to $508.9 million. The support will help the govern... More »

Youth orchestra plucks oasis out of gangland El Salvador

SAN SALVADOR (Thomson Reuters Foundation) – The sweet sounds of classical music float across a sunny courtyard as a group of teenagers pluck the strings of violins and cellos. But beyond the high gates enclosing the courtyard of the Don Bosco Industrial Polygo... More »

Ultra-nationalist resurgence could complicate Serbia’s EU path

JAGODINA, Serbia Ultra-nationalists are set to return to Serbia’s parliament in an April 24 election after an absence of several years, boosted by growing discontent with Prime Minister Aleksandar Vucic’s pro-European Union stance and austerity policies. They ... More »

Russia says IMF’s decision on Ukraine debt changes nothing

BEIJING The International Monetary Fund’s decision on Ukraine’s debt to Russia did not change anything to Moscow, Russian Deputy Finance Minister Sergei Storchak told reporters in Beijing on Thursday. The International Monetary Fund’s Executive Board decided t... More »

‘BRICS’ bank launches in Shanghai, to work with AIIB

SHANGHAI Officials from the world’s largest emerging nations launched the New Development Bank (NDB) on Tuesday, the second of two new policy banks heavily backed by Beijing that are being pitched as alternatives to existing institutions such as the World Bank... More »