Exclusive: China's yuan may enter IMF basket with lower share -sources


China's yuan may enter the International Monetary Fund's benchmark currency basket at a lower weighting than previously estimated as the IMF considers rejigging the basket to better reflect financial flows, people briefed on the Fund's discussions told Reuters.

IMF says Russian offer on Ukraine debt is positive step

WASHINGTON The International Monetary Fund welcomed an offer by Russia to restructure Ukraine's debt as a positive step, a spokeswoman for the Fund said on Monday.

World, 16 Nov 2015

U.S. says to support yuan in IMF basket, if it meets criteria

BELEK, Turkey U.S. Treasury Secretary Jack Lew told senior Chinese officials on Sunday he would support adding the yuan currency to the basket on which the International Monetary Fund's SDR unit is based, if it meets the IMF's criteria, Lew's spokesperson said.

Business, G20 15 Nov 2015

China's yuan takes leap towards joining IMF currency basket

WASHINGTON China's yuan moved closer to joining other top global currencies in the International Monetary Fund's benchmark foreign exchange basket on Friday after Fund staff and IMF chief Christine Lagarde gave the move the thumbs up.

Business, FXpert, 14 Nov 2015

China central bank says welcomes IMF recommendation on SDR, to continue reforming

BEIJING China's central bank said on Saturday it welcomed International Monetary Fund chief Christine Lagarde backing adding China's yuan, or renminbi (RMB), to the global lender's benchmark currency basket after staff found it met the criteria for inclusion.

Business, FXpert, 14 Nov 2015

IMF's Lagarde backs proposal to add China's yuan to currency basket

WASHINGTON International Monetary Fund chief Christine Lagarde on Friday backed adding China's yuan to the global lender's benchmark currency basket after staff found it met the criteria for inclusion.

Business, FXpert 13 Nov 2015

Putin to meet Chinese, Turkish, British, Saudi leaders and IMF head at G20

MOSCOW Russian President Vladimir Putin will hold bilateral meetings at a G20 summit with Chinese leader Xi Jinping, Turkish President Recep Erdogan, IMF head Christine Lagarde and British Prime Minister David Cameron, Kremlin foreign policy aide Yuri Ushakov said on Friday.

World, G20, 13 Nov 2015

IMF sees eastern Europe returning to growth next year, with downside risks

PRAGUE Eastern Europe's economies are likely to return to mild growth next year, but downside risks have grown because of China's slowdown and Europe's refugee crisis, thee International Monetary Fund said on Friday.

Business, 13 Nov 2015

Fed, IMF officials say bank culture still poses stability risk

NEW YORK The culture within the world's biggest banks remains a possible source of instability seven years after the depths of the financial crisis, and more work is needed to reform the underlying causes of misconduct, top U.S. Federal Reserve and International Monetary Fund officials said on Thursday.

Business, 05 Nov 2015

Watchdogs struggle to explain 'optimism bias' in rosy GDP forecasts

LONDON Chances are, the world economy has been in worse shape than you thought for years. Especially if you were reading the headline forecasts from the IMF, World Bank and OECD.

Business, 04 Nov 2015