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  • July 26, 2014
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  1. News - World - Cyprus

    Cyprus in ‘superhuman effort’ to reopen banks

    Posted Mar 26th 2013, 10:59pm by Agence France-Presse

    ... of the EU-IMF rescue package Cyprus warned that “superhuman” efforts were needed to reopen its banks by Thursday as protests and uncertainty about the island’s top lender showed that its huge bailout ... rallied against the terms of the EU-IMF rescue package. Banks were shut for an 11th day, leaving homes and businesses on the Mediterranean island short of cash – and there were growing doubts ...

    http://www.scmp.com/news/world/article/1200566/cyprus-superhuman-effort-reopen-banks
  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 ...

    http://www.scmp.com/business/economy/article/1286065/ireland-passes-imfeu-bailout-review
  3. Business - Economy - GLOBAL ECONOMY

    IMF cuts Chinese growth projections

    Posted Jul 10th 2013, 12:00am by BLOOM

    ... Bloomberg in Washington IMF cuts Chinese growth projections World economic growth will struggle to accelerate this year as China's expansion rate falls to 7.8 per cent, a US recovery weakens, and Europe's recession deepens, the IMF said. Global growth will be 3.1 per cent this year, unchanged from 2012, and less than the 3.3 per cent forecast in April, the Washington-based ...

    http://www.scmp.com/business/economy/article/1279091/imf-cuts-chinese-growth-projections
  4. Business - Banking & Finance - CURRENCIES

    HKMA on alert as it defends peg in first currency market intervention in 18 months

    Posted Jul 03rd 2014, 02:08am by Enoch Yiu

    ... policy. "We share the IMF's view that the major external risk is the uncertainty concerning the pace and scale of the US Fed's tapering and the interest rate normalisation ...

    http://www.scmp.com/business/banking-finance/article/1545170/systemic-risk-answers-sought-hkma-intervenes-currency
  5. Business - Economy - ECONOMY

    Greece pressed to reassure IMF, EU it can meet aid conditions

    Posted Jul 03rd 2013, 12:00am by Reuters

    ... to reassure IMF, EU Greece has three days to reassure Europe and the International Monetary Fund it can deliver on conditions attached to its international bailout in order to receive the next tranche ... Portugal's finance minister, Vitor Gaspar, the architect of its austerity drive under an EU-IMF bailout, resigned on Monday in a potential blow to his country's planned exit from the rescue ...

    http://www.scmp.com/business/economy/article/1274212/greece-pressed-reassure-imf-eu-it-can-meet-aid-conditions
  6. 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 ...

    http://www.scmp.com/business/economy/article/1277850/greece-sees-monday-deal-eu-imf-rescue-funds
  7. Business - Economy - ECONOMY

    IMF cuts China's growth outlook on weak demand

    Posted May 29th 2013, 01:28pm by Victoria Ruan

    ... Victoria Ruan victoria.ruan@scmp.com Organisation trims forecast to 7.75pc and warns that current economic model has run its course IMF cuts China's growth outlook, sees risks ahead ... support to activity in the second half of this year. IMF first deputy managing director David Lipton said in Beijing that the cut to 7.75 per cent from a previous forecast of 8 per cent was modest ...

    http://www.scmp.com/business/economy/article/1248902/imf-cuts-china-growth-outlook-urges-cap-social-financing
  8. Business - Economy - CREDIT RATINGS

    Standard & Poor’s hikes Ireland’s credit rating, maintains negative outlook for Italy

    Posted Jun 07th 2014, 02:21pm by Agence France-Presse in Dublin

    ... bond yields and attract further investment in Ireland,” he added. S&P was encouraged by the economic and financial progress being made in Ireland, which exited a tough three-year EU-IMF ... expectation of improving budgetary performance to strengthening domestic economic conditions, as well as Ireland’s track record of meeting its stated fiscal goals since entering into an EU-IMF ...

    http://www.scmp.com/business/economy/article/1527378/standard-poors-hikes-irelands-credit-rating-maintains-negative
  9. 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 ...

    http://www.scmp.com/business/economy/article/1238854/imf-releases-first-bailout-funds-cyprus
  10. News - World - UKRAINE

    Opposition icon Yuliya Tymoshenko announces she will run in Ukraine's presidential election

    Posted Mar 27th 2014, 11:01pm by Reuters

    ... Agencies in Moscow Yuliya Tymoshenko makes her dramatic announcement shortly after the IMF throws Kiev a much needed US$27b financial lifeline Opposition icon to seek Ukraine presidency ... two years. "The financial support from the broader international community that the programme will unlock amounts to US$27billion over the next two years," the IMF said. Without ...

    http://www.scmp.com/news/world/article/1458706/opposition-icon-yuliya-tymoshenko-announces-she-will-run-ukraines

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