HONG KONG Tighter monetary policy is coming to Asia next year. Yet it will lag the Federal Reserve's rate hikes as Asian central banks balance an exports-led revival in growth with a slowdown in regional locomotive China.
BRUSSELS EU leaders offered Ukraine closer ties on Friday at a summit meant to cement Kiev's ties with the West, but they declined to promise that the country could one day join the bloc.
HARARE Zimbabwe's military seized power on Wednesday saying it was holding President Robert Mugabe and his family safe while targeting "criminals" in the entourage of the man who has ruled the nation since independence 37 years ago. | Video
TOKYO/MIYAZAKI, Japan The IMF on Wednesday urged Japan to maintain its massive monetary stimulus to boost consumer prices, a view echoed by a central bank board member, reinforcing expectations policy will remain accommodative.
TOKYO Protectionist sentiment has not yet gone beyond mere words, International Monetary Fund Managing Director Christine Lagarde said on Wednesday, but would hurt Asian economies with open and free markets if it did.
ULAANBAATAR Mongolia's parliament confirmed the nomination of motorbike enthusiast Ukhnaa Khurelsukh as prime minister on Wednesday, putting the country back on track to receive funds from a $5.5 billion IMF economic rescue package.
KIEV Ukrainian President Petro Poroshenko on Friday said he hoped an anti-corruption chamber would be created next month, but expressed doubt that an independent court as envisaged by the International Monetary Fund could be set up before 2019.
KIEV Ukraine risks reversing progress made under a $17.5 billion aid-for-reforms programme from the International Monetary Fund, IMF first deputy managing director David Lipton was quoted as saying on Friday, urging the government to improve anti-graft efforts.
KINSHASA As Congo's government was soliciting urgent help from Western donors and the IMF last month to contain an economic crisis, the chairman of the state mining company brought an unusual guest to the prime minister's office. It was Raymond O'Leary, a vice president from Russia's second largest bank, state-owned VTB, to discuss a Eurobond aiming to raise funds for the cash-strapped government, Congolese and VTB officials confirmed.
LONDON Negative interest rates imposed by central banks have generally worked as a tool to boost inflation, pulling down yields and sometimes weakening currencies, International Monetary Fund research has concluded.