international monetary fund imf

IMF lowers 2012 growth outlook for South Korea


September 21st, 2012 - 2:22 pm ICT by IANS
Seoul, Sep 21 (IANS) The International Monetary Fund (IMF) lowered Friday its 2012 economic growth outlook for South Korea to 3 percent from 3.5 percent estimated in April, citing the ... Read more...

Posted in Business |

Austerity necessary to regain credibility: Greek PM


September 9th, 2012 - 7:14 pm ICT by IANS
Athens, Sep 9 (IANS) Greek Prime Minister Antonis Samaras has stressed that a fresh austerity package under discussion is necessary to regain credibility and overcome the threatening debt crisis."We are ... Read more...

Posted in Business |

Chinese president reaffirms support to Europe in debt crisis


August 31st, 2012 - 12:08 am ICT by IANS
Beijing, Aug 30 (IANS) Chinese President Hu Jintao said Thursday that China firmly supports Europe's efforts to overcome the debt crisis and the important role that the International Monetary Fund ... Read more...

Posted in World |

Singapore’s economy to grow in 2013: IMF


August 28th, 2012 - 12:48 pm ICT by IANS
Washington, Aug 28 (IANS) Singapore's economy would expand by 2.9 percent this year before firming up to 3.4 percent in 2013, and Singapore has ample policy space to mitigate the ... Read more...

Posted in Business |

India’s forex reserves decline by $250 million


August 25th, 2012 - 5:21 pm ICT by IANS
Mumbai, Aug 25 (IANS) India's foreign exchange (forex) reserves declined by $250 million to $288.91 billion for the week ended Aug 17, 2012, the Reserve Bank of India's (RBI) data ... Read more...

Posted in Business |

‘Deteriorating eurozone crisis may slow Chinese economy’


August 25th, 2012 - 2:39 pm ICT by IANS
Singapore, Aug 25 (IANS) A further deterioration in the eurozone debt crisis could slow China's economic growth, a team of economists said in a report. The economists from the National ... Read more...

Posted in Business |

Egypt urges IMF for $4.8 bn loan


August 23rd, 2012 - 9:03 am ICT by IANS
Cairo, Aug 23 (IANS) Egypt sought a $4.8 billion loan from the International Monetary Fund (IMF) during a meeting held between President Mohamed Morsi and Christine Lagarde, the IMF chief, ... Read more...

Posted in Business |

Karnataka targets Rs.4 trillion software exports by 2020


August 15th, 2012 - 6:01 pm ICT by IANS
Bangalore, Aug 15 (IANS) With about 40 percent share of software export from India, Karnataka has set an ambitious export target of a whopping Rs.4 trillion (Rs.4 lakh crore) ... Read more...

Posted in Sci-Tech |

India’s forex reserves rise to $289.15 bn


August 11th, 2012 - 5:30 pm ICT by IANS
Mumbai, Aug 11 (IANS) India's foreign exchange (forex) reserves grew by $502.2 million to $289.15 billion for the week ended Aug 3, 2012, the Reserve Bank of India's (RBI) data ... Read more...

Posted in Business |

India’s forex reserves rise by $1.31 billion


August 4th, 2012 - 3:39 pm ICT by IANS
Mumbai, Aug 4 (IANS) India's foreign exchange (forex) reserves grew by $1.31 billion to $288.64 billion for the week ended July 27, 2012, Reserve Bank of India data showed.The forex ... Read more...

Posted in Business |

`US should balance short-run, medium-term fiscal adjustment’


August 3rd, 2012 - 1:27 pm ICT by IANS
Washington, Aug 3 (IANS) US policymakers should balance their efforts at immediate and medium-term fiscal adjustment to avoid negative impact on the fragile US economic recovery, the International Monetary Fund ... Read more...

Posted in Business |

India’s forex reserves rise by $589 mn (Lead)


July 29th, 2012 - 6:56 pm ICT by IANS
Mumbai, July 29 (IANS) India's foreign exchange (forex) reserves grew by $589 million to $287.34 billion for the week ended July 20, central bank data showed.Foreign currency assets, the biggest ... Read more...

Posted in Business |

India’s forex reserves rise by $589 bn


July 29th, 2012 - 4:52 pm ICT by IANS
Mumbai, July 29 (IANS) India's foreign exchange (forex) reserves grew by $589 billion to $287.34 billion for the week ended July 20, central bank data showed.Foreign currency assets, the biggest ... Read more...

Posted in Business |

Spain told to take decisive actions to cope with crisis


July 28th, 2012 - 1:30 pm ICT by IANS
Washington, July 28 (IANS) The International Monetary Fund (IMF) has said that Spain needs to take "decisive actions" to tackle economic challenges and restore market confidence."The economy has entered an ... Read more...

Posted in Business |

China’s economy on path for soft landing: IMF (Lead)


July 25th, 2012 - 2:56 pm ICT by IANS
Washington, July 25 (IANS) China's economy may be undergoing a soft landing despite growing global headwinds, and China is well placed to respond to possible deterioration of external environment, the ... Read more...

Posted in Business |

IMF pares India’s growth to 6.1 percent


July 16th, 2012 - 8:37 pm ICT by IANS
Washington, July 16 (IANS) With global recovery weakening further, the International Monetary Fund (IMF) has marginally reduced India's growth projections from 6.8 percent to 6.1 percent for 2012 ... Read more...

Posted in World |

India’s forex reserves plunges by $336 million


July 14th, 2012 - 5:31 pm ICT by IANS
Mumbai, July 14 (IANS) India's foreign exchange reserves (forex) plunged by $336.5 million to $287.62 billion in the week ended July 6, data from India's central bank showed.The Reserve Bank ... Read more...

Posted in Business |

IMF warns Italy of downside risks, pushes more reforms


July 11th, 2012 - 1:55 pm ICT by IANS
Washington, July 11 (IANS) The International Monetary Fund (IMF) has said that Italy's economy would remain vulnerable to downside risks, urging the country to keep reform momentum."The economy is expected ... Read more...

Posted in Business |

India’s forex reserves grow by $1.36 bn


July 7th, 2012 - 4:03 pm ICT by IANS
Mumbai, July 7 (IANS) India's foreign exchange reserves (forex) grew by $1.36 billion to $289.992 billion for the week ended June 29, data from India's central bank showed.Foreign currency assets, ... Read more...

Posted in Business |

India’s forex reserves grow to $289 bn


June 23rd, 2012 - 3:37 pm ICT by IANS
Mumbai, June 23 (IANS) India's foreign exchange reserves (forex) grew by $2 billion to $289.39 billion for the week ended June 15, official data showed.The forex recovered in the week ... Read more...

Posted in Business |

G20 may contribute over $450 bn to IMF: Calderon


June 20th, 2012 - 11:10 am ICT by IANS
Los Cabos (Mexico), June 20 (IANS/RIA Novosti) The Group of Twenty (G20) major economies may contribute more than $450 billion to the International Monetary Fund (IMF), G20 summit host Mexican ... Read more...

Posted in Business |

PM calls for quick decision on hike in voting rights


June 20th, 2012 - 3:06 am ICT by IANS
Los Cabos (Mexico), June 20 (IANS) Prime Minister Manmohan Singh Tuesday welcomed the effort to increase the corpus of International Monetary Fund (IMF) to help Eurozone countries but said ... Read more...

Posted in Business |

India will grow faster: PM to ‘impatient’ citizens, investors (Lead)


June 19th, 2012 - 9:13 pm ICT by IANS
Los Cabos (Mexico), June 19 (IANS) Prime Minister Manmohan Singh Monday sought to send strong signals to fellow "impatient" citizens, global investors and, perhaps, skeptical rating agencies that he will ... Read more...

Posted in World |

China increases financial support to IMF


June 19th, 2012 - 3:44 pm ICT by IANS
Beijing, June 19 (IANS) China will contribute $43 billion to the latest round of global resources worth $430 billion to the International Monetary Fund (IMF), the foreign ministry has said.This ... Read more...

Posted in World |

India pledges $10 bn to IMF for Eurozone


June 19th, 2012 - 8:03 am ICT by IANS
Los Cabos (Mexico), June 19 (IANS) India Monday pledged $10 billion to the International Monetary Fund (IMF) to help Eurozone countries out of the current crisis and prevent adverse fallout ... Read more...

Posted in Business |

Samaras begins coalition talks for a Greece government (Second Lead)


June 18th, 2012 - 9:20 pm ICT by IANS
Athens, June 18 (IANS) Antonis Samaras, the leader of the New Democracy party, which narrowly won Greece's election has begun holding urgent talks to form a coalition, saying he wishes ... Read more...

Posted in Politics |

India’s forex reserves grow to $287.37 billion


June 17th, 2012 - 8:12 pm ICT by IANS
Mumbai, June 17 (IANS) After falling for five straight weeks, India's foreign exchange reserves grew by $1.52 billion to $287.37 billion for the week ended June 8, 2012, official data ... Read more...

Posted in Business |

IMF hails China’s monetary adjustment


June 9th, 2012 - 2:38 pm ICT by IANS
Beijing, June 9 (IANS) China's adjustment of monetary policies to stabilize growth and its determination to support higher quality growth has won praise from the International Monetary Fund (IMF)."We support ... Read more...

Posted in World |

India’s forex reserves plunge to $285.85 bn


June 8th, 2012 - 7:30 pm ICT by IANS
Mumbai, June 8 (IANS) India's foreign exchange reserves plunged by $2.40 billion to $285.85 billion for the week ended June 1, apparently due to the central bank selling dollars to ... Read more...

Posted in Business |

India’s forex reserves drop by $1.80 billion


May 26th, 2012 - 5:31 pm ICT by IANS
Mumbai, May 26 (IANS) India's foreign exchange reserves fell by $1.80 billion to $290 billion for the week ended May 18, registering a sharp drop for the third week in ... Read more...

Posted in Business |

Former IMF chief faces gang rape allegations


May 21st, 2012 - 9:52 pm ICT by IANS
Washington, May 21 (IANS) Former International Monetary Fund (IMF) chief Dominique Strauss-Kahn will be investigated for his alleged participation in a prostitution ring in Washington, and the charges could also ... Read more...

Posted in World |

India’s forex reserves drop by $1.37 billion


May 19th, 2012 - 6:10 pm ICT by IANS
Mumbai, May 19 (IANS) India's foreign exchange reserves declined by $1.37 billion to $291.80 billion for the week ended May 11, largely due to drop in the value of core ... Read more...

Posted in Business |

Strauss-Kahn files countercharge against hotel maid


May 16th, 2012 - 1:44 pm ICT by IANS
New York, May 16 (IANS) Former International Monetary Fund (IMF) head Dominique Strauss-Kahn is filing a civil lawsuit against the former hotel maid who accused him of sexually assaulting her ... Read more...

Posted in World |

India’s forex reserves fall by $2.187 billion


May 12th, 2012 - 5:07 pm ICT by IANS
Mumbai, May 12 (IANS) India's foreign exchange (forex) reserves declined by $2.187 billion to $293.17 billion for the week ended May 4, official data showed. Forex reserves had risen by ... Read more...

Posted in Business |

IMF seeks Myanmar to continue with economic reforms


May 9th, 2012 - 5:17 am ICT by IANS
Washington, May 9 (IANS) The International Monetary Fund (IMF) has urged Myanmar to keep on carrying out economic reforms to tackle development challenges and unleash its potential for growth.IMF's executive ... Read more...

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