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Tuesday, June 25, 2019

Tag: IMF

Trade war won’t benefit anyone, says IMF chief

Christine Lagarde says global growth could slow if trade tension continues.

IMF warns US-China tariffs to slash global growth in 2020

IMF says the global economic outlook could be slashed by 0.5% in 2020 and cause some US$455 billion in gross domestic products to evaporate.

IMF says US paying China tariff costs, contrary to Trump view

IMF researchers say that US companies are paying the cost from Donald Trump's tariffs on Chinese imports, a recent revelation disputing that China is footing the bill.

Trade-war safety zone seen in Asian cub market favoured by Trump

'It’s more important now than ever to look at EM not as one block that you can go in and out of, but to differentiate a little bit.'

Pakistan to get US$6 bil from IMF over the next three...

Negotiations between Pakistan and the International Monetary Fund results in the Islamic country securing a US$6 billion bailout for its cash-strapped economy.

Pakistan moves closer to IMF bailout after Khan overhauls team

Pakistan needs the financial aid to ease a balance-of-payment crisis triggered by high fiscal and current-account deficits and dwindling foreign exchange reserves.

Pakistan fires central bank, tax authority chiefs amid IMF talks

The removal of the two comes weeks after Finance Minister Asad Umar was asked to resign.

China’s vast investment in Africa hits a snag in Congo

The central African nation is seeking the International Monetary Fund for help and Beijing is not comfortable with that.

Kirchner book launch seen as prelude to election run

'I think the book reaffirms what we all believe: that in the end she will be a presidential candidate.'

Why’s everyone worried about Turkey’s foreign reserves?

Turkey’s central bank began last month borrowing excess foreign currency from commercial lenders through FX swap auctions, lending the banks liras in return.

Ex-dictator’s aide named Pakistan Finance Chief amid IMF talks

Shaikh takes on the role of finance chief for a second time following an appointment in 2010 and was the minister in charge of privatisations in the early 2000s .

Draghi, in rare move, sounds concern over Fed’s independence

Draghi’s intervention is notable given central bankers are usually loath to comment on politics or events in economies other than their own.

IMF and World Bank urge caution with China loans

Governments have been called by the IMF and World Bank to avoid increasing its debt which could deteriorate each country's economy.

Markets show ‘IMF is wrong’ on growth

The IMF could be wrong over its economic forecasts, it is headed for a greater growth.

Trump has a message for the world: My trade wars aren’t...

The US president offered a vivid reminder that, even as he moves toward a deal with China to end their tariff wars, he has other relationships he’s eager to rewrite.

Taking stock of ‘precarious’ global growth: Economy week ahead

The International Monetary Fund will update its global outlook as central bankers and finance ministers will get a chance to take stock of the global economy in view of Brexit trade tensions.

China hails `New Consensus’ on trade, though deal not ready yet

“If we have a deal, then we’ll have a summit,” Trump said. It might take four weeks to put together a framework for the deal and two weeks more to get the details on paper, he said.

Escalating US-China trade war would hit manufacturing, agricultural jobs

Any attempts to address a trade deficit or surplus with another country through tariffs would shift the trade balances with other countries.

‘Precarious’ global rebound expected in late 2019

IMF chief Christine Lagarde said the world economy was vulnerable to shocks from Brexit, high debt levels and trade tensions, as well as unease on financial markets.

Reserves at US$102.36 billion at end-Feb, says Bank Negara

Other foreign currency assets amount to US$653.8 million.

IMF jangka pertumbuhan ekonomi Malaysia stabil dalam jangka sederhana

Permintaan domestik dijangka kekal menjadi pemacu utama pertumbuhan.

IMF: Malaysia’s economic growth to stabilise in medium term

It notes that growth has averaged above 5% over the past five years, leading to higher per capita income and reducing already-low poverty.

Imran Khan pledges `deep’ Pakistan reforms as IMF vows support

The South Asian nation is looking to bridge a financial gap of at least US$12 billion.

IMF warns of global economic ‘storm’ as growth undershoots

IMF Managing Director says trade tensions are already having a global impact.