Lagarde Says China Economy Strong Enough to Weather Stock Plunge

China’s economy should prove resilient enough to withstand the stock-market rout that has prompted unprecedented efforts by the Chinese government to stem the decline, IMF Managing Director Christine Lagarde said.

China Opens Interbank Bond Market Wider to Foreign Buyers

China issued new rules making it easier for big international investors to access its $5.7 trillion interbank bond market, a step forward toward opening its capital market as it seeks to promote the yuan as a reserve currency.

Greece's latest attempt to reach deal with creditors collapses

Last-ditch talks aimed at breaking the impasse between Athens and its international creditors have collapsed in acrimony with European Union officials dismissing Greece’s latest reform package as incomplete in a step that pushes the country closer to leaving the eurozone.

Tsipras to Address Lawmakers After Stakes Raised in Showdown

Greek Prime Minister Alexis Tsipras is preparing to address lawmakers after raising the stakes in his country’s showdown with creditors by rejecting demands for more austerity and opting for a deferral of IMF payments.

Greece debt deal: Reforms will 'combat tax evasion'

Greece will crack down on tax evasion and streamline its civil service in its bid to secure a bailout extension, minister of state Nikos Pappas says.

Sovereign fund forum has no plan to include central banks - official

DOHA (Reuters) - The International Forum of Sovereign Wealth Funds (IFSWF) will not invite central banks to join its ranks as they do not fit the group's definition of such a fund, a board member said on Thursday.

Iran to draw on sovereign fund to withstand oil price slide

(Reuters) - Iran will draw on its sovereign wealth fund to cope with damage to its economy from plunging global oil prices, Iranian Oil Minister Bijan Zanganeh was quoted by the ministry's news agency Shana as saying.

Europe shares close higher on Fed relief, ECB

European shares closed higher on Thursday after an announcement from the European Central Bank (ECB) on how it will make key decisions in the future.

EBRD bank slashes outlook for Russian economy

London (AFP) - Russia's economy will contract next year as a result of the crisis with Ukraine, the EBRD development bank forecast on Thursday after slashing its prediction for growth.

Sovereign fund code seeks new members among central banks

LONDON, Sept 12 (Reuters) -Signatories to an international set of guidelines on governance and transparency for sovereign wealth funds are exploring whether to take in a wider pool of state-backed investors including central banks.

AFRICA INVESTMENT-Africa sovereign funds tread tricky path on investments

LONDON, Sept 11 (Reuters) - As the oil producers of sub-Saharan Africa rush to create sovereign wealth funds, competing pressures to boost living standards now while saving for the future can throw up as many problems as they solve.

IMF predicts Britain's GDP growth rate will surge to 3.2% by year end

The International Monetary Fund has raised its forecast for Britain's economic growth rate for the second time this year.

Hedge Fund Dromeus Turns Greek Tragedy to Triumph With 160% Gain

Dromeus Capital Management SA is turning Greek tragedy into triumph.

UK first-time home-buyers reach highest level since 2007

(Reuters) - The number of first-time homebuyers in Britain hit its highest level since the start of the financial crisis in the first half of 2014, helped by the recovering economy and policies such as Help to Buy, a survey showed on Saturday.

S&P raises Ukraine's outlook as IMF bailout boosts economy

(Reuters) - Standard & Poor's revised its outlook on Ukraine to stable from negative, saying that the International Monetary Fund program adopted in April has helped improve the economic situation in the country.

Argentina faces vulture funds in countdown to default

Buenos Aires (AFP) - Argentina risks technical default by the end of Monday in its combat with so-called vulture funds over a US court ruling that it must settle unpaid debts to bondholders.

No clash between ECB and IMF on extra steps to boost inflation: Benoit Coeure

LUXEMBOURG: There is no disagreement between the European Central Bank and the International Monetary Fund on the possibility of additional steps to boost euro zone inflation, in case the current steps are ineffective, ECB executive board member Benoit Coeure said.

Investors look to China and U.S. after ECB fights deflation risk

(Reuters) - This week's light calendar gives investors room to digest the European Central Bank's radical moves to avert deflation and look beyond U.S. data which, in more normal times, might imply higher interest rates.

COLUMN-The right agenda for the IMF

April 6 (Reuters) - The world's finance ministers and central bank governors will gather in Washington this week for the twice yearly meetings of the International Monetary Fund.

Nigeria becomes Africa's biggest economy

Abuja (AFP) - Nigeria on Sunday became Africa's biggest economy, leap-frogging South Africa, after the government announced a long-overdue rebasing of the country's gross domestic product.