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Feb 4, 2011

INTERNATIONAL MONETARY FUND, IMF, Info, Feb 04, 2011


MIDEAST MONEY-Qatar building boom risks property slump
Reuters
The International Monetary Fund predicted rents would stay depressedfor some time. "It's really like an equilibrium that has been artificially created," said a Doha-based analyst, who did not wish to be named for fear of upsetting the authorities.
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IMF Touts for Further Tightening Fiscal Policies
AllAfrica.com
According to the Third Review under the Policy Support Instrument (PSI) by the International Monetary Fund (IMF), the focus should be on strengthening the revenue base and streamlining recurrent spending. "Fiscal policy in 2011/12 financial year has ...
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IMF: Jordan to witness semi stable growth
Petra News Agency
Washington, Feb. 8 (Petra) --The International Monetary Fund (IMF) expected that Jordan will witness semi stable economic growth in 2012 due to the political instability in the Middle East and Europe's Debt Crisis. TheIMF's annual report on Jordanian ...
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Pakistan 'Highly Vulnerable' to Economy Shocks, Needs Tax Reform, IMF Says
Bloomberg
Pakistan must stem risks to a “highly vulnerable” economy that include inflation projected at 12 percent, a widening budget deficit and declining currency reserves, the International Monetary Fund said. The Washington-based IMF called on Pakistan to ...
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Arabs Seek Safety in Dollars as Uprisings' Euphoria Fades
BusinessWeek
Time savings and foreign-currency deposits in Tunisia rose 8.3 percent in the first 11 months of 2011, according to International Monetary Funddata on Bloomberg. The benchmark stock index fell 7.6 percent last year, the first annual loss since 2002.
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Exports still driving China''s growth
Kuwait News Agency
The International Monetary Fund (IMF) said on Monday that China's economic expansion could slow to 8.3 percent this year, from the previously projected 9 percent, should Europe's debt crisis worsen. Exports would be a significant drag on growth in the ...
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Stocks rise on jobs report, progress in Greek talks
USA TODAY
Greek Premier Lucas Papademos delayed a meeting with his coalition parties till Wednesday, staying in talks until late in the night with top bank negotiators as well as with debt inspectors from the European Union and the International Monetary Fund.
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USA TODAY
Pakistani stocks drop; rupee flat; o/n rates up
Reuters
| KARACHI Feb 8 (Reuters) - Pakistani stocks ended lower on Wednesday as investors chose to cash in after the market rallied to a more than six-month high for two consecutive days, dealers said. The Karachi Stock Exchange (KSE) benchmark 100-share ...
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German Exports Slump as Crisis Saps Euro-Area Growth: Economy
BusinessWeek
The International Monetary Fund warned on Feb. 6 that China's economic expansion would be cut almost in half if Europe's debt crisis worsened. The Washington-based lender currently forecasts Chinese growth of 8.2 percent this year. China accounted for ...
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HB Markets Breakfast Today including: Bellway, GlaxoSmithKline, Xstrata, BP ...
Proactive Investors UK
Political leaders in Greece have been reluctant to accept the tough reforms set forth by the troika (European Commission, European Central Bank and the International Monetary Fund) that will bring Greece the much-needed €130bn in bailout funds.
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Romanian Central Bank Raises 2012 Inflation Forecast to 3.2%
BusinessWeek
Boc's government negotiated new deregulation deadlines for household electricity prices until 2017 from the previous 2015 during a two-week program review by the International Monetary Fund and the European Union, which ended Feb. 5.
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"Political And Economic Stability In Russia Will Attract Foreign Investment ...
MarketWatch (press release)
According to the forecasts of the International Monetary Fund (IMF) the index will grow steadily over the next year to nearly $ 22000 in 2016. We should add that in the same period inflation in the country declined from 20.78% in 2000 to 8.8% in 2011 ...
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South Korea's No. 2 Public Pension Fund to Boost Equities
BusinessWeek
By Saeromi Shin and Jiyeun Lee Feb. 8 (Bloomberg) -- Korea Teachers Pension, the nation's second-largest public pension fund, plans to increase its domestic stock holdings this year on the prospect Europe will resolve its debt crisis, spurring demand ...
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China Copper-Demand Growth Seen at Weakest Pace Since 2006
BusinessWeek
China's economic growth may drop as much as 4 percentage points this year from a current projection of 8.25 percent should Europe's debt crisis worsen, the International Monetary Fund said on Feb. 6. China is headed for a hard landing as weaker demand ...
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FEATURE-Kuwait cabinet may be key to ending political gridlock
Reuters
By Isabel Coles | KUWAIT Feb 8 (Reuters) - Facing a bigger and bolder opposition swept into parliament by voters frustrated with Kuwait's dysfunctional politics, the country's rulers are under pressure to appoint a cabinet that can survive long enough ...
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Hong Kong Stocks Rise on China Property Support, Greek Outlook
BusinessWeek
Papademos instead met with the so-called troika, comprising the European Commission, the European Central Bank and the International Monetary Fund, to put the final touches on terms required for a 130 billion-euro ($172 billion) rescue package, ...
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New Issue-Government of Canada sells $3 bln in notes
Reuters
Feb 7 (Reuters) - The Canadian government on Tuesday sold $3 billion of global notes, said IFR, a Thomson Reuters service. Bank of America Merrill Lynch, Deutsche Bank, HSBC and RBC were the joint bookrunning managers for the sale.
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Market Outlook for February 8, 2012
Forex Market
... Vi & Andrew Su on Feb 8, 2012 Markets rallied yesterday forno apparent reason other than that the Greek government's negotiations with the troika, made up of the European Commission, the European Central Bank and theInternational Monetary Fund, ...
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Forex Market
Beating Germany Makes Poland Haven in Europe: Riskless Return
Bloomberg
The ECB's lending program has reduced “tail risks” forEuropean markets, Agnes Belaisch, a former International Monetary Fund economist who helps manage about $2.5 billion in emerging-market debt at Threadneedle Asset Management in London, ...
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Bloomberg
Huggies Price Cut Shows Why Bond Market Backing Bernanke QE3
BusinessWeek
By John Detrixhe and Cordell Eddings Feb. 6 (Bloomberg) -- Procter & Gamble Co.'s failure to raise the price of Cascade dishwashing soap shows why investors are buying Treasuries at the lowest yields in history, giving the Federal Reserve more scope to ...
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Euro Rises to 7-Week High Versus Yen on Greek Debt-Talk Progress
BusinessWeek
Greece's Papademos yesterday met officials from the European Commission, the European Central Bank and the International Monetary Fund to put the final touches on terms required for a 130 billion-euro bailout. He also met with the International ...
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BlackRock's Fink Says Investors Should Be 100% in Equities
BusinessWeek
Investors pulled money from mutual funds that buy US stocks for a fifth year in 2011, the longest streak in data going back to 1984, according to the Investment Company Institute in Washington. Fink said in a May 31 interview he's more bullish on US ...
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China Lone BRIC Among Top Emerging Markets With Thailand No. 2
San Francisco Chronicle
The United Arab Emirates came in second, while Bulgaria and Romania tied for third place. As the world's second-largest economy, China commands the attention of investors even though the International Monetary Fund projects that its growth will slow ...
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Cliffs Becomes Easy Target With Cheapest Mining Value: Real M&A
resourceINTELLIGENCE TV
By Bloomberg · February 8, 2012 · 2:11 am · Leave a Comment By Charles Mead For all the acquisitions being struck in the mining industry, no company in North America is a cheaper takeover candidate than Cliffs Natural Resources Inc. The biggest North ...
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Iran Anxiety No Match for Central Bankers Sedating Investors
BusinessWeek
“Investors are numb and sedated,” Jeffrey Sherman, a commodities moneymanager who helps oversee $25 billion for DoubleLine Capital LP in Los Angeles, said in a Feb. 7 telephone interview. “Money sloshing around the system leads to lower volatility.
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Iran Economy Could Limp Along Under Sanctions
AllAfrica.com
In its latest comprehensive assessment of the Iranian economy, published last July, the International Monetary Fund estimated energy exports would amount to $103 billion (65 billion pounds) in the fiscal year to March 20, 2012, or 78 per cent of total ...
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US Indexes Struggle; Flat Earnings at Time Warner, CVS, Ralph Lauren
123Jump.com
The European Central Bank is adamantly opposed to the pressures from the International Monetary Fund and Greece to participate in debt swap. The ECB holds €55 billion of Greek bonds and in addition holds €100 billion of bonds from Portugal, ...
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Egypt market plunges after deadly soccer riots
Las Vegas Sun
It is now discussing with the International Monetary Fund a $3.2 billion loan. The Finance Ministry on Wednesday said it would secure $1.1 billion in aid from the European Union and the World Bank. While Egyptian media have reported the loans appear to ...
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Romanian Premier-Designate Unveils Cabinet, Seeks Approval
BusinessWeek
By Irina Savu Feb. 8 (Bloomberg) -- Romanian Prime Minister-designate Mihai-Razvan Ungureanu nominated a 17-member government, replacing the finance and economy ministers, while keeping seven Cabinet members in place as he seeks to secure the backing ...
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Canadian dollar posts modest gain, traders look to key Greek debt talks
CanadianBusiness.com
Greece's eurozone partners and the International Monetary Fund are demanding new income cuts and job losses to keep the country's rescue loans flowing. With a general election scheduled to take place within a few months, political leaders are fretting ...
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TREASURIES-Bonds flat in advance of 10-year auction
Reuters
It has risen since Friday in the wake of a stronger-than-expected January payrolls report and cautious optimism about Greece securing 130 billion euro ($172 billion) in fresh aid from the International Monetary Fund and the European Union.
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South Korea Set to Follow Australia's Rate Pause as US Revives
BusinessWeek
... given the stronger-than-expected global growth momentum and signs of improvement in Europe's financial condition,” said Kwon Goohoon, a Goldman Sachs Group Inc. economist in Seoul who formerly worked forthe International Monetary Fund.
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Swaziland's Cooperatives No Threat to Banks
Inter Press Service
This is despite concerns by the International Monetary Fund (IMF) said that the country's increasingly popular 230 savings and cooperatives pose a threat to commercial banks. In a recent assessment, the IMF said that it was concerned that people are ...
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JSE opens firm
Moneyweb.co.za
Johannesburg, Feb 8 (I-Net Bridge) - The JSE lifted at the opening bell on Wednesday, boosted by Asian markets on renewed hopes that Greece was closer to agreeing to bailout conditions, as demanded by its creditors. At 09:17 local time, ...
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Farmers Plan Biggest Crops Since 1984, Led by Corn: Commodities
UkrAgroConsult
The USDA affirmed its forecast for moderating food costs last month. Prices will increase 2.5 percent to 3.5 percent in 2012, below last year's 3.7 percent gain, the agency said Jan. 25. The same day, the International Monetary Fund forecast a 14 ...
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When Emerging Markets Shape the Developed World
Daily Reckoning - Australian Edition
The International Monetary Fund's latest forecasts indicate that there is not likely to be a pickup in growth anytime soon, either in the United States or other large industrialized countries. ..if the fund's forecasts of 1.8 percent real growth in ...
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German Stocks Climb on Greek Debt Talks; Commerzbank Shares Jump
BusinessWeek
Feb. 8 (Bloomberg) -- German stocks advanced for the first time in three days, led by banks, as Greek Prime Minister Lucas Papademos sought political support for austerity measures required for a bailout. Commerzbank AG jumped 7 percent and Deutsche ...
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Europe Stocks Climb; Statoil, Reckitt Benckiser Gain on Earnings
BusinessWeek
Papademos instead met the troika -- the European Commission, the European Central Bank and the International Monetary Fund -- to haggle over the terms needed to secure further aid, a spokeswoman said. He will meet the party leaders at 3 pm in Athens ...
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IMF and capital flows: all talk, no solution
Bretton Woods Update
New IMF research confirms the Fund's cautious acceptance of capital controls (see Update 78, 75, 72) and incorporates source countries in the analysis. An IMF staff paper published in late November 2011, The multilateral aspects of policies affecting ...
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Egypt on the Brink: An Exclusive Look at the Hunted Men Who Brought Growth and...
NewsMax.com
With a doctorate in economics from the Massachusetts Institute of Technology, he had given up a lucrative post at the International Monetary Fund to return to Cairo 18 years ago to help transform his nation's moribund state-owned economy. For years ...
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IMF Executive Board Completes 2011 Article IV Consultation with the Kingdom of ...
StarAfrica.com
MBABANE, Swaziland, February 8, 2012/African Press Organization (APO)/ -- On January 23, 2012, the Executive Board of the International Monetary Fund concluded the 2011 Article IV consultation with the Kingdom of Swaziland.
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NYMEX-Crude ends higher, narrows discount to Brent
Reuters
US crude's rise, after a loss of nearly 1 percent on Monday, was also aided by a weakening of the dollar against the euro on optimism that Greece was about to agree to a bailout deal with the European Union and theInternational Monetary Fund.
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South African joblessness, slowdown loom over president
Business Recorder (blog)
The state is chasing yearly economic growth of seven percent to support that goal, but the International Monetary Fundcautiously predicts 2.5 percent at best, well below the 5.5 percent for Sub-Saharan Africa. Joblessness was a top concern for South ...
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Business Recorder (blog)
ANALYSIS-Challenging Bank Indonesia, Asia's biggest dove
Reuters Africa
It has recorded five consecutive quarters of year-on-year growth above 6 percent, and 2011's pace of 6.5 percent was the strongest since 1996, just before the Asian financial crisis left Indonesia limping to the International Monetary Fund for a ...
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Greece austerity summit stalled
CBS Moneywatch
A spokeswoman said Papademos would be meeting senior debt inspectors from Greece's bailout creditors -- its representatives of the other countries that use the euro and the International Monetary Fund -- late Tuesday, instead of the three leaders of ...
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