Yuan devaluation boosts Chinese shares, hurts other markets

Hong Kong (AFP) - China's central bank on Tuesday devalued its yuan currency by nearly two percent against the US dollar, as authorities seek to push market reforms and bolster the world's second-largest economy.

China and the dollar may be about to collide

Who wants a boring Monday, anyway? Chinese shares saw the biggest daily fall since 2007 overnight, partly on fears that officials may be trying to pull back on supporting the market.

Euro zone demands more from Greece, delays decision on aid

BRUSSELS (Reuters) - Skeptical euro zone finance ministers demanded on Saturday that Greece go beyond painful austerity measures accepted by Prime Minister Alexis Tsipras if he wants them to open negotiations on a third bailout for his bankrupt country to keep it in the euro.

IMF warns Fed on risks of hiking too soon

WASHINGTON (MarketWatch) — Hiking interest rates too soon could stall the U.S. economy, the International Monetary Fund said Tuesday, embellishing a prior call for the Federal Reserve to hold steady until early next year.

China, US set for ‘vigorous’ talks on trade, South China Sea issues

Washington, United States | AFP – The United States is vowing not to “paper over” differences with China at key talks this week weighed down by thorny issues of trade, cyber spying and tensions in the South China Sea.

Greece Buys Time From ECB as Tsipras Says Country Will Prevail

Greece secured a few more days of financial breathing space from the European Central Bank, as Prime Minister Alexis Tsipras said on a visit to Russia that his country can survive its current crisis.

Alexis Tsipras to face take-it-or-leave-it ultimatum from lenders over debt offer

The Greek prime minister, Alexis Tsipras, will be presented with what is expected to be a take-it-or-leave-it plan on Wednesday after five months of drama-filled negotiations to keep his debt-stricken country afloat.

Finance officials are warning of big risks tied to the global economic recovery

WASHINGTON (AP) — World finance officials said Saturday they see a number of threats on the horizon for a global economy still clawing back from the deepest recession in seven decades, and a potential Greek debt default presents the most immediate risk.

Spanish economy posts third straight quarter of growth

(Reuters) - The Spanish economy grew between January and March, buoyed by recovering domestic demand and marking the third quarter of growth as the country shakes off a long-running recession, data showed on Thursday.

ECB president takes swipe at IMF over policy recommendations

European Central Bank President Mario Draghi swatted away suggestions from the International Monetary Fund that his bank should ease monetary policy further on Thursday, questioning the timing of the Fund's most recent comments.

IMF urges urgent action from Spain to create jobs, growth

MADRID: Spain's reform progress and a correction in its fiscal and external imbalances are helping it to stabilise its economy, but urgent action is needed to create jobs and stimulate growth, the International Monetary Fund said.

Egypt political upheaval to deepen economic crisis

CAIRO (AP) -- Egypt's descent into even deeper political turmoil will almost certainly put a multi-billion dollar international bailout on hold and lead to an even more painful economic crisis, with worsening fuel shortages and higher prices on basic goods.

IMF 'has confidence' in Christine Lagarde

The International Monetary Fund (IMF) has said it continues to have "confidence" in its managing director Christine Lagarde.

Turkey to clear IMF debt by May: Tayyip Erdogan Story Comments Share

ISTANBUL: Turkey is set to make a "clean break" with the International Monetary Fund by paying off its remaining debt by May, Prime Minister Recep Tayyip Erdogan said on Saturday.

Portugal does not seek Greek-style debt deal: Prime Minister Pedro Passos Coelho

LISBON: Portugal will not seek changes to obtain lower interest rates on its bailout loans as Greece received and is respecting targets laid down by creditors, Prime Minister Pedro Passos Coelho said on Tuesday.

France to raise VAT to fund company tax breaks

The French government has said it will raise value added tax and cut public spending in order to fund tax credits for firms that keep jobs in France.

Greece may get more time, not more money, indicate IMF, EU

NICOSIA: Greece may get more time to reach financial targets under its 130 billion euro rescue package but probably not more money, its international lenders signalled on Friday, saying a decision had to come by the end of October.

IMF Deputy MD David Lipton 'optimistic' about Greece

WASHINGTON: IMF Deputy Managing Director David Lipton said Friday he was optimistic that Greece could get its restructuring program back on track and remain in the eurozone.