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  • July 30, 2014
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  1. News - World - FRANCE

    Ex-IMF chief Strauss-Kahn to face pimping charges in France

    Posted Jul 27th 2013, 12:05am by AP

    ... in New York in May 2011 following allegations by a Manhattan hotel maid that he had sexually assaulted her. He resigned as IMF chief before those charges were dropped. The New York case also cut ...

  2. 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 ...

  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 ...

  4. 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 ...

  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 ...

  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 ...

  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 ...

  8. Business - Banking & Finance - CURRENCIES

    Analysts lower growth targets for greenback

    Posted Jul 05th 2014, 01:51am by BLOOM

    ... in March and 86 in February, data showed. Greenback estimates fell along with economic forecasts. The IMF last month reduced its forecast for US economic growth to 2 per cent for this year from ...

  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 ...

  10. Business - Economy - CHINA

    IMF warns China of risks in investment binge

    Posted May 30th 2013, 12:00am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com With concerns rising over debt in the mainland's lower tiers of government, the agency expresses fears for economic stability IMF warns ... may threaten economic sustainability. The IMF's alert underscores the challenges facing the mainland's new leaders as they seek to lessen financial risk while keeping economic growth ...




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