Lagarde 'confident' Greece will make IMF payment Friday
IMF chief Christine Lagarde said Thursday she was "confident" that Greece will make a key debt payment on Friday, as the country mulls a new proposal from official creditors.
Jun 04, 2015, 21:06 PM IST
Federal Reserve should delay rate hike to 2016: IMF
The International Monetary Fund on Thursday called on the US Federal Reserve to put off its planned interest rate increase until next year.
Jun 04, 2015, 19:09 PM IST
Greece threatens to skip IMF payment; Alexis Tsipras set for EU talks
Greece threatened to miss a loan repayment to the IMF this week, opening the way for possible default, just hours before creditors were expected to present an ultimatum offering Athens funds in return for economic reform.
Jun 03, 2015, 19:29 PM IST
US equities helped by weak dollar; inflation lifts euro
U.S. stocks edged down on Tuesday while the dollar fell and bond yields rose as investors sought clarity on Greece`s debt crisis and awaited the U.S. jobs report.
Jun 03, 2015, 03:43 AM IST
Greece's creditors draft deal to unlock aid, Athens resists
Greece`s creditors drafted the broad lines of an agreement on Tuesday to put to the leftist government in Athens in a bid to conclude four months of acrimonious negotiations and release aid before the cash-strapped country runs out of money.
Jun 03, 2015, 01:56 AM IST
Greece continues talks on aid, deal unlikely on Sunday: Sources
Greece and its creditors were continuing talks on a cash-for-reforms deal but are expected to miss a self-imposed Sunday deadline for reaching an agreement to unlock aid, sources close to the talks said.
May 31, 2015, 20:44 PM IST
Greek crisis overshadows G7 growth talks
The head of the International Monetary Fund warned that Greece could fall out of the euro zone as it struggled to sort out its debt stand-off, which is adding to concern about the patchiness of global economic recovery.
May 29, 2015, 09:35 AM IST
Greece's exit from eurozone 'a possibility': IMF Christine Lagarde
Greece`s exit from the eurozone is a possibility but would not signify an end to the single currency, International Monetary Fund chief Christine Lagarde said in a newspaper interview Thursday.
May 28, 2015, 22:45 PM IST
Greece will lose funding access if payment missed: IMF
Greece will be cut off from additional International Monetary Fund financing if it misses a loan payment to the crisis lender, an IMF spokesman said Thursday.
May 28, 2015, 22:11 PM IST
Greece hoping for deal to unlock bailout funds by Sunday
Greece said it hopes to conclude by Sunday a deal with its international creditors to unlock much-needed bailout funds.
May 28, 2015, 19:56 PM IST
Greece touts imminent loan deal, creditors cautious
Greece on Wednesday said it was close to a loan deal with its EU-IMF creditors that would unlock badly-needed bailout loans for its struggling economy.
May 28, 2015, 00:12 AM IST
Indebted Greece seeks small change from dormant accounts
The Greek government, struggling to keep up its debt repayments, announced on Tuesday that any dormant public sector accounts holding less than 100 euros ($109) should be emptied and the funds handed over to the central bank.
May 27, 2015, 09:00 AM IST
Chinese currency no longer 'undervalued': IMF
The IMF Tuesday said China's currency is "no longer undervalued," deflating repeated US assessment that the Yuan is deliberately devalued to secure trade advantages.
May 26, 2015, 21:41 PM IST
Greece`s creditors must `get their act together`: Varoufakis
Greece`s outspoken Finance Minister Yanis Varoufakis on Tuesday urged the country`s international creditors to "get their act together" and help cobble together a new loan deal before the struggling nation`s money runs out.
May 26, 2015, 21:02 PM IST
Germany sees progress on Greece, EU officals to confer on Thursday
A senior German official said on Tuesday there was no reason to believe Greece would be in default after a 300 million euro payment to the IMF falls due on June 5.
May 26, 2015, 18:21 PM IST
Greece 'has no money' to meet June IMF debt repayment
Greece warned Sunday it has no money to repay the International Monetary Fund on time in June unless a deal is reached with its creditors, in a stark warning that the country could be just days away from defaulting.
May 24, 2015, 23:15 PM IST
Greece issues fresh warning on IMF payment in June
A Greek government minister said Sunday that Athens will be unable to repay the IMF on schedule next month, reiterating previous warnings by officials during tense talks with the country`s creditors.
May 24, 2015, 17:49 PM IST
Greek PM says on final stretch towards deal with lenders
Greece`s Prime Minister Alexis Tsipras said on Saturday his leftist-led government was on the final stretch of negotiations with its international lenders on a cash-for-reforms deal that would not involve further pension cuts and harsh austerity.
May 23, 2015, 18:30 PM IST
Forex reserves hit new record high of $353.8 billion
Country's foreign exchange reserves surged by USD 1.745 billion to touch a record high of USD 353.876 billion in the week to May 15, helped by the increase in foreign currency assets, according to RBI data.
May 22, 2015, 20:55 PM IST
IMF sees less pessimistic outlook for Russian economy
The International Monetary Fund on Thursday announced a less pessimistic forecast for Russia`s economy, predicting no more than 3.4 percent contraction in 2015 and emergence from recession in 2016.
May 21, 2015, 20:56 PM IST
