Russia's Gazprombank says EU sanctions will not affect its financial stability

MOSCOW, July 31 (Reuters) - The inclusion of Gazprombank in the latest round of EU sanctions against Russia over the Ukraine crisis will not affect the bank's financial stability or its ability to fulfil obligations to lenders and investors, the company said on Thursday.

IMF Cuts 2014 Global Forecast After Slowdowns in China, U.S.

The International Monetary Fund lowered its outlook for global growth this year as expansions weaken from China to the U.S. and military conflicts raise the risk of a surge in oil prices.

Bank of England warns on house price 'correction'

The Bank of England has given a stark warning that the recent surge in house prices could end in a crash.

Lew Says Ukraine’s Leaders Ready to Tackle ‘Market Reforms’

Ukraine is ready to undertake “urgently needed market reforms” to help restore financial stability and strengthen its economy, U.S. Treasury Secretary Jacob J. Lew said today after several conversations with Ukrainian Prime Minister Arseniy Yatsenyuk.

Carney Fight Against Higher Rates Helped by Inflation

Bank of England Governor Mark Carney has won respite in his battle to keep a lid on interest rates after inflation slowed to the 2 percent target for the first time in four years.

U.S. Treasury Secretary: Euro-Zone Recession 'Seems to Be Ending'

WASHINGTON–U.S. Treasury Secretary Jacob Lew said Thursday the euro zone's recession "seems to be ending," despite high unemployment levels in the hardest-hit countries.

Governments must not relax credit standards to boost growth, IMF warns

The International Monetary Fund has warned governments to resist the temptation to relax credit standards to boost growth as it highlighted the UK's lack of lending to small businesses.

Slow growth inevitable for China, 7% GDP rate the new normal: S&P

NEW DELHI: In its latest report titled 'Slower Growth In China: Inevitable, Necessary, And Now More Palatable.', Standard & Poor's Ratings Services on Wednesday said that a 7-7.5% GDP growth rate is a 'new normal' for China.

BIS: Central banks must end 'whatever it takes' policy

The Bank for International Settlements (BIS) says banks have done their bit to help economic recovery and now governments must do more.

IMF warns US Fed over potentially messy QE exit

WASHINGTON: The International Monetary Fund on Friday urged the Federal Reserve to prepare carefully its exit from its QE stimulus program, warning of the challenges in unwinding its easy-money policy.

Bernanke Warned by Barnier That Bank Unit Rules Risk Retaliation

The European Union intensified its campaign against U.S. Federal Reserve proposals to toughen oversight of bank units belonging to overseas lenders, warning of “potential retaliation” against the plans because they will drive up costs.

Turkey Central Bank Unveils New Tool to Limit Bank Debt Risk

Turkey’s central bank announced a new policy tool today to limit risks of excessive debt in the banking system by placing higher reserve requirements on banks that fail to meet specified leverage ratios.

West Africa to seek UN mandate for action on Mali

PARIS (Reuters) - West African nations will seek a U.N. Security Council mandate for military intervention in Mali where rising Islamist militancy has made the country an international security threat, Niger's President Mahamadou Issoufou said on Monday.

IMF sees room for ECB easing, case for slower euro zone deficit cuts

BRUSSELS: Some euro zone countries which are meant to cut budget deficits below 3 per cent of GDP in 2013 may need more time and there is room for a more expansionary policy from the European Central Bank, IMF Deputy Managing Director Nemat Shafik said.

Security Issues Open G-8 Talks With European Debt Next

Leaders from the Group of Eight nations opened two days of economic and security discussions by considering ways to keep Iran from gaining nuclear weapons capability and to promote peaceful political transition in Syria, according to a U.S. official familiar with the talks.