Tuesday 30 June 2015
 
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IMF

Stocks tumble, yields drop as Greece crisis mounts

US stocks added to a global selloff on Monday as Greece veered toward a default on its 1.6 billon euro ($1.7 billion) debt. Greece will not pay a loan installment due the International Monetary Fund on Tuesday, a Greek government

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IMF agrees $833 million loan to Iraq

The International Monetary Fund reached an agreement on Friday with Iraq for a $833 million loan programme that should help the country with its finances and increase investor confidence. The programme, which must still be reviewe

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IMF lifts outlook for Saudi GDP, sees bigger budget gap

The International Monetary Fund (IMF) raised its outlook for Saudi Arabia's economic growth this year but also predicted a much bigger state budget deficit after talks with Saudi officials. The Saudi economy will keep expandin

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Jordan sees 3.8pc growth despite regional wars

Jordan's economy is robust despite spillover violence along its borders from wars in Syria and Iraq, the central bank governor said on Friday, and will meet its IMF-approved target this year. Weak oil prices that have cut the

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IMF says energy subsidised by $5.3trn worldwide

Governments around the world charge prices for energy that do not account for its harmful environmental, health and other side effects, amounting to a $5.3 trillion "post-tax" subsidy this year, the International Monetary Fund said in

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IMF says energy subsidised by $5.3trn worldwide

Governments around the world charge prices for energy that do not account for its harmful environmental, health and other side effects, amounting to a $5.3 trillion "post-tax" subsidy this year, the International Monetary Fund said in

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IMF sees moderate, uneven global growth

The International Monetary Fund highlighted an increasing divergence in the growth paths of the world's major economies this year, as a pick-up in the Euro Zone and India is expected to be offset by diminished prospects in other key emerging

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IMF sees low potential growth around world

The world's growth potential took a big hit after the 2007-2009 financial crisis and is likely to lag for years, implying that interest rates should likely stay low for quite a while, the International Monetary Fund said in a study on Tuesda

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IMF endorses Islamic finance

The International Monetary Fund has endorsed the principles of Islamic finance, saying it could prove safer than conventional finance, but the multilateral lender warned Islamic bankers that they must tighten rules and follow them more consisten

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Active management of cost ‘helps optimise value’

By adopting an active management of cost rather than leveraging price, procurement managers can optimise their delivered value and strengthen the relationships with their suppliers, said an industry expert. “Organisations th

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