Reuters US Economy

By David Lawder and Andrea Shalal MARRAKECH, Morocco (Reuters) -International Monetary Fund countries on Saturday failed to agree on a U.S.-backed plan to boost IMF funding without giving more shares to China and other big emerging markets, but pledged a “meaningful increase” in lending resources by year-end. As IMF and World Bank annual meetings in …

IMF closes Morocco meetings without consensus on funding terms, conflict language Read More »

By Jorgelina do Rosario MARRAKECH (Reuters) -Colombian Finance Minister Ricardo Bonilla said on Saturday his ministry was working with the central bank towards cutting its benchmark interest rate from 13.25% to 13% at October’s policy meeting, with another reduction seen before year-end. “The expectation is for another cut in December,” Bonilla told Reuters on the …

Colombia eyes two rate cuts before year-end, finance minister says Read More »

MARRAKECH (Reuters) – The euro zone labour market shows no sign of softening, despite a near recessionary environment and a record string of interest rate hikes, European Central Bank (ECB) President Christine Lagarde said on Saturday. “The labor market still shows no real sign of weakening,” Lagarde told a conference. “The numbers we see both …

Euro zone labour market shows no sign of weakening: Lagarde Read More »

By Jorgelina do Rosario, Rodrigo Campos and Ank Kuipers MARRAKECH, Morocco (Reuters) -Suriname received a counter to its proposal to China regarding bilateral debt negotiations, Suriname’s Foreign Affairs Minister said on Saturday, adding that he will travel to Beijing in early November to continue talks. Foreign Minister Albert Ramdin said he will travel to China …

Suriname to continue debt talks with China in early November – Foreign Minister Read More »

MARRAKECH, Morocco (Reuters) – The International Monetary Fund has met its fundraising target to increase concessional trust fund resources for the world’s poorest countries by $3 billion, IMF Managing Director Kristalina Georgieva said on Saturday. Georgieva said in a statement that the contributions completed during IMF and World Bank annual meetings in Morocco “will allow …

IMF has reached goal to add $3 billion to trust fund for poorest countries-Georgieva Read More »

By Andrea Shalal and David Lawder MARRAKECH, Morocco (Reuters) -U.S. Treasury Secretary Janet Yellen on Friday told Reuters she heard “universal condemnation” at this week’s annual meetings of the International Monetary Fund and World Bank of the deadly attack on Israel by Hamas. The United States already had “lots of sanctions” on the militant Palestinian …

Yellen says Hamas attack on Israel met with ‘universal condemnation’ at global meetings Read More »

By David Lawder and Andrea Shalal MARRAKECH, Morocco (Reuters) -U.S. Treasury Secretary Janet Yellen told Reuters on Friday that she still believes U.S. shelter inflation will continue to ease despite new consumer price data on Thursday showing a jump in housing costs, but the process may take some time. “We do definitely believe that’s coming …

Yellen says believes US housing inflation will still ease over time Read More »