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IMF recommends Iceland keep currency controls
Reykjavik - The International Monetary Fund (IMF) has recommended Iceland maintain currency controls for the time being in order to ensure a stable currency, according to a report released Tuesday. The Icelandic central bank published the 98-page rep...
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Finance (General) ]
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IMF chief predicts stronger Asian currencies
Singapore - The head of the International Monetary Fund (IMF) on Friday predicted a revaluation of major Asian currencies against the dollar as a rebalancing of the world's economy gets underway. I expect that in the coming years the revaluation o...
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Finance (General) ]
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Ukraine demands quick IMF payment to prevent gas crisis
Brussels - The International Monetary Fund should speed up a 3.8-billion-dollar loan to Ukraine so that the former-Soviet state can buy natural gas and prevent a new crisis in Europe, Ukraine's deputy prime minister said Wednesday. We need a short-t...
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Business ]
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Ukraine to pay off latest Russia gas debt from IMF account
Kiev - Ukraine will pay off its most recent outstanding gas debt to Russia by drawing on a special use International Monetary Fund (IMF) account, government officials said Friday. I hope that by the end of today (Friday), we can inform you of a succ...
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Business ]
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Hong Kong's economy predicted to rebound next year
Hong Kong- Hong Kong's economy will shrink by 2 per cent this year but rebound next year to grow by 5 per cent, the International Monetary Fund (IMF) said Tuesday. The IMF said the city's economy was on the road to recovery with unemployment expected...
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IMF raises growth forecast for Asia, sees challenges ahead
Seoul - The International Monetary Fund (IMF) on Thursday raised its growth forecast for Asia as the region was rebounding rapidly from the global crisis, but it said Asia must adopt to a new world with weaker demand from its key Western export mar...
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Business ]
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Banks continue to hide huge losses, warns IMF head
Paris - Banks are continuing to hide huge losses from investors, imperiling the economic recovery, the head of the International Monetary Fund (IMF), Dominique Strauss-Kahn, was quoted Wednesday as saying. Large losses remain concealed - 50 per cent...
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Business ]
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