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Breaking slow: Asia set to raise rates next year, but still lag Fed

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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.

Ukraine's promise of EU membership remains elusive

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.

World, Nov 24 2017

Zimbabwe's army seizes power, Mugabe confined but "safe"

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

World, United Nations Nov 16 2017

IMF, BOJ member say Japan needs to keep stimulus running

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.

Japan, Nov 08 2017

IMF's Lagarde warns protectionism, while now just words, may come to hurt Asia

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.

Nov 08 2017

Mongolia names biker enthusiast PM, kick-starting IMF rescue package

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.

World, Oct 04 2017

Ukraine's Poroshenko suggests IMF-backed anti-graft court will take time

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.

World, Sep 15 2017

IMF's Lipton says Ukraine risks going backwards

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.

World, Sep 15 2017

With Congo finances collapsing, desperate government has few options

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.

World, Congo, Africa Aug 17 2017

Nothing cold about sub-zero rates, IMF researchers find

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.

Aug 04 2017