IMF

MINSK, Belarus | Pressed by IMF, Ukraine expands anti-corruption court

MINSK, Belarus — Ukraine‘s parliament has adopted a measure to expand the powers of the country’s new anti-corruption court, meeting an International Monetary Fund condition for restoring aid. The measure adopted Thursday by parliament would extend the jurisdiction of the court, which was established in June, to handle all corruption cases, including those opened before … Continue reading MINSK, Belarus | Pressed by IMF, Ukraine expands anti-corruption court

BEIJING | Surveys show Chinese manufacturing growth cooling

BEIJING — Two surveys show Chinese manufacturing slowed in June as exports weakened, Beijing tightened lending controls and trade tensions with Washington rose. The business magazine Caixin said Monday its monthly purchasing managers’ index edged down to 51.0 from May’s 51.1 on a 100-point scale on which numbers above 50 show activity increasing. A separate … Continue reading BEIJING | Surveys show Chinese manufacturing growth cooling

WASHINGTON | IMF agrees to $50 billion deal to help Argentina’s economy

WASHINGTON (AP) — Argentina and the International Monetary Fund have agreed on a $50 billion stand-by deal aimed at strengthening the South American country’s economy. The IMF announced Thursday that the staff-level agreement will be subject to approval by its executive board, which will consider Argentina’s economic plan in the coming days. President Mauricio Macri … Continue reading WASHINGTON | IMF agrees to $50 billion deal to help Argentina’s economy

DUBAI, United Arab Emirates  | IMF: Mideast not growing fast enough to reduce unemployment

DUBAI, United Arab Emirates — The International Monetary Fund said Wednesday that nearly a quarter of the Middle East’s youth are unemployed, warning that unless deeper reforms are made, millions of young people entering the labor market each year may not find jobs. The IMF says current levels of growth across the region will not … Continue reading DUBAI, United Arab Emirates  | IMF: Mideast not growing fast enough to reduce unemployment

Bank of England lays out post-Brexit hopes for EU banks

LONDON/December 20, 2017 (AP)(STL.NEWS) —The Bank of England laid out its hope Wednesday that European banks would continue to operate in Britain after Brexit in much the same way as they do now. In a statement, the bank said European banks would hopefully not need to convert their branches in Britain into subsidiaries — a … Continue reading Bank of England lays out post-Brexit hopes for EU banks

Improving world economy still needs help from low rates

Low interest rates will likely remain as it is necessary for improving world economy WASHINGTON/October 15, 2017 (AP)(STL.News) — The world economy is the healthiest it’s been in years but could still use a little help from low-interest rates and higher government spending from countries that can afford it, the International Monetary Fund says. “There … Continue reading Improving world economy still needs help from low rates

IMF head: Trump good for US economy for now as trouble looms

DUBAI, United Arab Emirates/February 12, 2017 (AP)(STL.News) — The head of the International Monetary Fund said Sunday that U.S. President Donald Trump taking office is likely good for the American economy in the short term, though rising interest rates and a strengthening dollar will challenge global trade. Christine Lagarde said Trump’s plans for additional investment … Continue reading IMF head: Trump good for US economy for now as trouble looms