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  • October 2, 2014
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  1. Business - Economy

    IMF says ’imperative’ for euro zone to revive growth

    Posted Jul 09th 2013, 10:42am by Reuters

    ... The euro zone must take coordinated action to revive economic growth, the International Monetary Fund (IMF) said in a strongly worded statement that cited the need to repair bank balance ... union are essential,” the IMF said in a regular assessment of the currency bloc’s economy. “The centrifugal forces across the euro area remain serious and are pulling down growth everywhere,” ...

  2. Business - Economy

    Ireland passes IMF/EU bailout review

    Posted Jul 19th 2013, 11:59am by Reuters

    ... loan books this year, before Europe-wide stress tests next year, to reassure international lenders that the banks which plunged Ireland into crisis are finally fixed. Craig Beaumont, the IMF ... export-dependent and open economy, Ireland is reliant for growth on stronger demand from trading partners, particularly the euro zone, which has itself spent more than a year in recession. The IMF says ...

  3. Business - Economy

    Greece sees Monday deal on EU-IMF rescue funds

    Posted Jul 08th 2013, 12:22pm by AFP

    ... we will have an agreement.” Greece needs to come to an accord with the troika of international creditors -- the IMF, the European Union and the European Central Bank -- by Monday, when ... on the plane,” a finance ministry source told AFP. The IMF is also due to decide by the end of July whether to disburse its scheduled contribution of 1.8 billion euros (HK$17.8 billioin) to the bailout ...

  4. Business - Economy

    IMF releases first bailout funds for Cyprus

    Posted May 16th 2013, 01:06pm by AFP

    ... government. The loan is part of a combined US$13 billion (HK$100.9 billion) emergency financing deal set by the IMF and the European Stability Mechanism that aims to support the government as it seeks ... to preserve the welfare of the population,” the IMF said in a brief statement. IMF Managing Director Christine Lagarde said that stabilising the banking sector was an “immediate priority.” “The ...

  5. Business - Economy - GLOBAL ECONOMY

    IMF's Lagarde says growth to remain weak in 2013

    Posted Apr 11th 2013, 10:46am by Bloomberg

    ... Lagarde has said. "We do not expect global growth to be much higher this year than last," Lagarde said in the prepared text of a speech in New York six days before the IMF releases its ... by the country's central bank to embark on a programme of record monetary easing. The Washington-based IMF is about to co-fund its fourth bailout in the euro zone by contributing about US$1.3 billion ...

  6. Business - Economy

    Ireland gets US$1.17b from IMF after review

    Posted Dec 18th 2012, 11:56am by AFP

    ... rescue program. The IMF said that Ireland had pushed ahead with policy reforms and deficit cutting despite a slowdown in growth this year. it said it expected the country’s fiscal deficit to fall ... per cent. “The program with Ireland has now been in place for two years and the Irish authorities have consistently maintained strong policy implementation,” said IMF First Deputy Managing ...

  7. Business - Economy - ECONOMY

    IMF calls for action as euro zone crisis festers

    Posted Oct 11th 2012, 11:26am by Reuters in Tokyo

    ... Reuters in Tokyo The IMF prodded the world’s rich countries for swifter action on Thursday as Europe’s debt crisis drags on while the United States and Japan show scant progress handling ... economies. The IMF cut its global growth forecast this week for the second time since April. “We expect action and we expect courageous and co-operative action on the part of our members,” Lagarde ...

  8. Business - Banking & Finance

    IMF says Europe's banks may need to sell more assets

    Posted Oct 11th 2012, 12:00am by Bloomberg

    ... Failure to implement fiscal tightening or set up a single supervisory system in the timing agreed could force 58 European Union banks from UniCredit to Deutsche Bank to shrink assets, the IMF ... a downward spiral as the regulation gets stricter and stricter and the global economy cools, potentially meaning more write-downs for banks. States in the periphery are hit hardest." The IMF ...

  9. Business - Economy - ANALYSIS

    Euro bailout Troika nears end of road with patchy record

    Posted Jun 11th 2013, 12:33pm by Reuters

    ... The public airing of differences between the IMF, the ECB and the EC raises the question of whether the Troika has reached the end of the road. All sides are feeling sore but divorce seems ... and it was about to lose access to market funding. Last week’s IMF “mea culpa” report about the failures of the Greek programme blew the lid off the fiction that the three institutions saw eye-to-eye ...

  10. Business - Economy - ANALYSIS

    Greece awakens from coma but recovery likely to be anaemic

    Posted Jun 11th 2013, 10:58am by Reuters

    ... company DEPA, making it unlikely it will meet privatisation targets under the EU/IMF bailout. Athens has a binding goal to raise 1.8 billion euros (HK$18.5 billion) from asset sales by the end ...




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