IBTimes Australia : International Monetary Fund Topic

UK says on right track as IMF review nears

Wed, 22 May 2013 00:00:04 +1000

Britain stood its ground on its approach to fixing the weak economy on Tuesday, a day before the International Monetary Fund is expected to call for a softening of its austerity push.

IMF says Washington cutting budget deficits too quickly

Tue, 21 May 2013 06:21:02 +1000

The International Monetary Fund on Monday said the United States was getting carried away with a government austerity drive, offering some of the institution's bluntest criticism yet of Washington's rush to cut its budget deficit.

Risks for Cyprus are 'unusually high', adoption of austerity plan imperative: IMF

Sat, 18 May 2013 00:35:03 +1000

The IMF said on Friday that risks for Cyprus were "unusually high" given its weak banking sector and economy and the island's full adoption of an economic austerity plan was imperative.

Mark Carney 'will Start BoE Governorship with Mistakes'

Fri, 17 May 2013 21:58:06 +1000

UBS economist Amit Kara tells ACCA debate that Mark Carney's Bank of England will get off to bad start in July.

Central banks saved world economy, now beware the fallout - IMF

Fri, 17 May 2013 07:49:03 +1000

Central banks got it right when they saved the world economy, but their unprecedented actions risk disruptive cross-border spillovers and potentially heavy losses when the time comes to reverse course, the IMF said on Thursday.

Cyprus banks more vulnerable than previously thought - auditors

Thu, 16 May 2013 05:21:03 +1000

Cyprus's banking system, which is being restructured under an international bailout, is more vulnerable to money laundering than previously thought, a report commissioned as a condition of the rescue said.

Egypt judges suspend talks with Mursi over disputed reforms

Thu, 16 May 2013 00:35:02 +1000

Senior Egyptian judges halted talks with President Mohamed Mursi on judicial reforms on Wednesday after parliament decided to discuss the proposed laws despite presidential promises to seek consensus first.

Insight: Bank documents portray Cyprus as Russia's favorite haven

Wed, 15 May 2013 18:21:02 +1000

When the Cyprus bank run began earlier this year, Russians set much of the pace. Documents seen by Reuters show that as the Mediterranean island headed towards financial meltdown in March, most notable among companies transferring money from the country's two main banks were Russians and East Europeans.

Pakistan's Nawaz Sharif Seeks to Ease Mistrust with India

Tue, 14 May 2013 13:53:11 +1000

Nawaz Sharif, poised to become prime minister for a third time after a decisive victory in Pakistan's election, said on Monday the mistrust that has long dogged relations with India must be tackled.

Greece plans bond market return first half of next year - PM

Tue, 14 May 2013 03:42:04 +1000

Greece plans to sell bonds at some point early in 2014, ending four years of exclusion from international capital markets, the country's Prime Minister Antonis Samaras said on Monday.

Egyptian assembly approves higher taxes on the wealthy

Tue, 14 May 2013 03:14:02 +1000

Egypt's parliament approved a new income tax law on Monday that will increase levies paid by the wealthy and by companies but reduce it for people in lower income brackets.

Greece's lenders to end quarterly inspections, next visit in October

Tue, 14 May 2013 02:14:02 +1000

Greece's international lenders will end quarterly inspection visits to Athens after praising progress by the country in meeting the terms of its bailout, Prime Minister Antonis Samaras said on Monday.

Greece To Hit and Miss Four Year Fiscal Targets [VIDEO]

Mon, 13 May 2013 22:15:09 +1000

EC sees Greece achieving 2013-14 fiscal goals but not 2015-16 as per bailout requirements.

UK Employment Will Rise as Wage Decline Continues

Mon, 13 May 2013 19:12:25 +1000

CIPD labour market outlook says second quarter will be fifth consecutive quarter of jobs growth.

EU and IMF Paves Way for Next Portugal Bailout [VIDEO]

Mon, 13 May 2013 18:48:04 +1000

Western Europe's poorest economy is working hard to fight recession and record unemployment levels.

Greece invokes emergency powers to block teachers' strike

Mon, 13 May 2013 02:42:02 +1000

Greece has threatened high school teachers with arrest if they go ahead with a nationwide strike that would disrupt university entrance exams that start this week, the official government gazette said.

Sharif poised to form strong government after Pakistan poll

Sun, 12 May 2013 18:49:02 +1000

Toppled in a 1999 military coup, jailed and exiled, Pakistan's Nawaz Sharif has made a triumphant election comeback and looks set to form a stable government capable of implementing reforms needed to rescue the fragile economy.

Nawaz Sharif Stages Comeback in Landmark Pakistan Election

Sun, 12 May 2013 13:04:23 +1000

Toppled in a 1999 coup, jailed and exiled, Nawaz Sharif has made a triumphant election comeback and was heading for a third term as Pakistan's prime minister.

EBRD considers lifelines for small business in emerging Europe

Sat, 11 May 2013 22:42:02 +1000

The European Bank for Reconstruction and Development is considering ways to help small businesses in emerging Europe, including through direct lending, as the region suffers lacklustre growth, its president said on Saturday.

Violence casts shadow over Pakistan's milestone election

Sat, 11 May 2013 19:42:01 +1000

A string of militant attacks and gunfights that killed at least 15 people cast a long shadow over Pakistan's general election on Saturday, but millions still turned out to vote in a landmark test of the troubled country's democracy.

Bomb blasts cast shadow over Pakistan's milestone election

Sat, 11 May 2013 18:14:02 +1000

A string of militant attacks cast a long shadow over Pakistan's general election on Saturday, but millions still turned out to vote in a landmark test of the troubled country's democracy.

QE and yen-inspired ructions in store, even if no currency war

Sat, 11 May 2013 04:49:01 +1000

Most investors see the yen's latest lunge as a byproduct of the rich world's money printing gambit and not a deliberate escalation in a notional currency war, but it is raising concerns about possible new ructions.

Despite winning top world trade job, even Brazil looks beyond WTO

Sat, 11 May 2013 02:28:02 +1000

Brazil campaigned hard to get the top job at the World Trade Organization this week but behind closed doors even it acknowledges that the WTO's main mission - pushing forward in global trade talks - looks for the moment like a lost cause.

G7 Chiefs Knuckle down on Bank Reforms and Growth [VIDEO]

Fri, 10 May 2013 17:50:14 +1000

After Cyprus' near meltdown, G7 finance ministers will be focusing on banking and finance reforms.

Portugal Unemployment Rate Hits Record 17.7%

Thu, 09 May 2013 20:30:07 +1000

Portugal’s jobless rate surges in the first quarter this year

Most of Cyprus pain inflicted on overseas depositors, central bank says

Thu, 09 May 2013 19:21:02 +1000

Cyprus' central bank said on Thursday most of the depositors who lost money at bailed-out Bank of Cyprus were from overseas and that Cypriots had not been hit as hard as might have been expected.

Sanctions help to stoke Iran property boom but bubble feared

Thu, 09 May 2013 00:21:03 +1000

The Iranian property developer leant back in his chair, drew hard on a shisha pipe and looked down at photographs of a Tehran apartment block on his tablet computer.

Will International Monetary Fund UK Visit Spark Row?

Wed, 08 May 2013 17:41:26 +1000

After IMF chief Christine Lagarde slammed US for 'severe' spending cuts, Lianna Brinded looks at what's in store for Britain.

City of London Finance Jobs Rise as Cyprus Banking Crisis Fears Subside

Wed, 08 May 2013 01:43:06 +1000

Recruiter Astbury Marsden reveals finance jobs in City of London increase 19% in April

IMF's Lagarde urges all euro members to push for banking union

Tue, 07 May 2013 20:35:04 +1000

For European banking union to succeed, all EU member countries need to be in agreement, Christine Lagarde, managing director of the International Monetary Fund, said on Tuesday.