China says to accelerate reforms to support yuan in IMF currency basket - Xinhua


SHANGHAI - China central bank governor Zhou Xiaochuan said Beijing would accelerate reforms to the country's currency to push for the yuan's inclusion in the International Monetary Fund's currency basket, known as Special Drawing Rights (SDRs), the official Xinhua news agency reported on Saturday.

IMF warns clear fiscal reform plan key to success of BOJ's stimulus

WASHINGTON - Japan must come up with and implement a clear, specific plan to cut its huge debt pile in order to make its monetary stimulus effective, the IMF's mission chief for the country said, warning Tokyo against loosening its grip on fiscal consolidation.

Business, Japan, 1:27am BST

G20 discusses plans to sidestep U.S. on IMF reforms

WASHINGTON - The Group of 20 leading economies on Friday discussed ways to raise emerging countries' voting rights at the IMF as part of an effort to move past U.S. foot-dragging on reforms to the institution, but they failed to reach an agreement.

Business, G20, 1:15am BST

Britain backs eventual yuan inclusion in IMF's SDR basket

WASHINGTON - Britain favours the eventual inclusion of the Chinese yuan in the International Monetary Fund's SDR basket of currencies, finance minister George Osborne said on Friday, saying it was important to include emerging powers in the world system.

Business, 17 Apr 2015

IMF, World Bank 2015 spring meetings in Washington on Friday

WASHINGTON - The following are highlights of the International Monetary Fund and World Bank meetings on Friday in Washington, where finance ministers, central bankers and other top officials are gathering.

G20, Business, 17 Apr 2015

G20 to sidestep U.S. on IMF reforms - draft communique

WASHINGTON - The Group of 20 leading economies was set on Friday to agree to a proposal that would raise the voting rights of emerging countries at the IMF, an attempt to move past U.S. foot-dragging on reforms to the institution.

Business, G20, 17 Apr 2015

U.S. urges Greece to strike deal with creditors

WASHINGTON - The Obama administration on Friday urged Greece to move quickly with technical negotiations aimed at reaching agreement on bailout terms with the International Monetary Fund and European Union, saying a failure to strike a deal could hit the global economy.

Business, 17 Apr 2015

No cash for Greece until reforms agreed -Dombrovskis

WASHINGTON - Despite tightening liquidity, Greece is unlikely to get any money from euro zone finance ministers at an April 24 meeting because it is dragging its feet on reforms, European Commission Vice President Valdis Dombrovskis said on Friday.

Business, 17 Apr 2015

Greece starts assets sales with horse racing gambling licence

ATHENS - Greece's privatisation agency (HRADF) has invited OPAP to sign a deal next week to acquire the country's sole licence for horse racing betting, the first state asset sale to be completed by the new leftist-led coalition government.

Business, Sport, 17 Apr 2015

European Commission says Brussels Group on Greece meeting on Saturday

BRUSSELS - Greece and its international creditors including the European Commission and the IMF will meet on Saturday, the Commission said on Friday.

Business, 17 Apr 2015