Greek PM faces revolt after eurozone approves huge bailout
Greek Prime Minister Alexis Tsipras was Saturday battling a major revolt amongst members of his radical-left party who oppose the third huge bailout for the crisis-hit country.
Aug 15, 2015, 19:15 PM IST
Forex reserves down $113.5 million at $353.34 billion
The country's foreign exchange reserves declined by USD 113.5 million to USD 353.347 billion in the week to August 7 on account of a fall in foreign currency assets (FCAs), a key constituent.
Aug 14, 2015, 18:04 PM IST
Greece reaches deal with creditors
Greece has reached a deal on a multi-billion bailout with its international creditors after marathon talks, a government source said Tuesday.
Aug 11, 2015, 12:15 PM IST
Pakistan economy to increase to 4.5% this year: IMF
The IMF Friday forecast Pakistan's country's economy to increase to 4.5 percent this fiscal, citing macroeconomic stability, low global oil prices, planned improvements in the domestic energy supply and investment related to the China-Pak Economic Corridor.
Aug 07, 2015, 22:30 PM IST
IMF staff urges no rush to add China yuan to currency basket
The International Monetary Fund should put off any move to add the yuan to its benchmark currency basket until after September 2016, IMF staff said in a report which showed a mixed performance of the renminbi on meeting key financial norms.
Aug 05, 2015, 11:29 AM IST
Greek finance minister says bailout deal possible by August 20
Greek Finance Minister Euclid Tsakalotos expressed confidence Tuesday that Athens and its creditors will reach a deal on a new bailout in time for August 20, when a huge debt payment is due.
Aug 05, 2015, 01:14 AM IST
Forex reserves up $322 million: RBI
After four consecutive weeks of decline, India`s foreign exchange reserves grew by USD 322 million in the week ended July 24.
Aug 01, 2015, 15:23 PM IST
IMF calls for Greek debt relief 'compatible' with EU agenda
The EU said on Friday that the International Monetary Fund's calls for debt relief for Greece are "fully compatible" with the agenda in Brussels for negotiating a third Athens bailout.
Jul 31, 2015, 20:38 PM IST
China 'strong enough' to handle market turmoil: IMF
International Monetary Fund Managing Director Christine Lagarde said Wednesday that China could weather the turmoil battering its stock exchanges.
Jul 29, 2015, 20:41 PM IST
Greece expects debt reduction after November: PM
Greece expects debt reduction from its international creditors after a first assessment of reforms under its new bailout obligations concludes in November, Prime Minister Alexis Tsipras said Wednesday.
Jul 29, 2015, 17:44 PM IST
Greek bourse to reopen Wednesday or Thursday after ECB approval
The Greek stock market will reopen on Wednesday or Thursday after a month-long shutdown but with restrictions on trading by local investors at the request of the European Central Bank, the Greek securities regulator chairman told Reuters on Tuesday.
Jul 28, 2015, 23:24 PM IST
Creditor audit chiefs head to Greece to oversee bailout
The head representatives of Greece's international creditors will return to Athens for the first time in nearly a year to oversee work on the country's new bailout, a finance ministry source said today.
Jul 28, 2015, 20:08 PM IST
Next IMF boss likely to come from outside Europe: David Lipton
The next managing director of the International Monetary Fund is likely to come from outside Europe when current leader Christine Lagarde eventually leaves, the deputy head of the Washington-based fund said in an interview broadcast on Saturday.
Jul 25, 2015, 19:29 PM IST
IMF confirms receiving Greek request for new loan
The International Monetary Fund said on Friday it had received a letter from Greece seeking a loan facility.
Jul 25, 2015, 09:14 AM IST
IMF expects `difficult` discussions on new Greek bailout
The International Monetary Fund said Thursday that talks soon to open on a third EU-IMF huge bailout for the Greek economy will not be easy.
Jul 23, 2015, 20:50 PM IST
Ex-IMF chief Rato refuses to testify on fraud charges
The ex-head of the International Monetary Fund Rodrigo Rato refused to answer a judge`s questions Wednesday over the latest in a string of fraud charges against him, a source close to the case said.
Jul 22, 2015, 23:18 PM IST
BRICS bank launched in China as alternative to World Bank, IMF
The New Development Bank (NDB) of the five-nation BRICS bloc headed by eminent Indian banker K V Kamath was inaugurated at a colourful function attended among others by Chinese Finance Minister Lou Jiwei and senior officials from BRICS countries.
Jul 21, 2015, 17:08 PM IST
Banks reopen, taxes rise as Greece pays billions to creditors
Greece`s government hiked taxes and paid billions of euros to its creditors on Monday, as banks reopened just days after the debt-laden country reached a reforms-for-cash deal with its European partners.
Jul 20, 2015, 23:01 PM IST
IMF names White House official as chief economist
The International Monetary Fund named Maurice Obstfeld, one of US President Barack Obama`s top economic advisers, as its new chief economist on Monday.
Jul 20, 2015, 21:12 PM IST
Greece makes overdue payments, no longer in default: IMF
The International Monetary Fund said Monday that Greece was no longer in default on its loans after remitting about two billion euros ($2.2 billion) to make up for missed debt payments.
Jul 20, 2015, 20:09 PM IST
