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RBI governor warns of global market 'crash'

Last Updated: Wednesday, August 06, 2014, 21:33

Reserve Bank of India (RBI) governor Raghuram Rajan says global markets are at risk of a "crash" and investors should start bailing out of risky assets created by the loose monetary policies of developed economies.

Moody`s upgrades Greece rating by two steps

Last Updated: Saturday, August 02, 2014, 05:45

Moody`s raised troubled Greece`s credit rating by two notches, citing improvements to the government`s finances and its commitment to further gains.

Post-election activity in India to pick up gradually, says IMF

Last Updated: Friday, July 25, 2014, 20:50

In its update, the IMF has projected a 5.4 growth rate for India in the year 2014 and 6.4 in the year 2015.

IMF cuts global growth outlook; India avoids ratings downgrade

Last Updated: Friday, July 25, 2014, 10:27

Out of the BRICS countries - Brazil, Russia, India, China and South Africa - only India avoided an IMF ratings downgrade.

IMF lowers 2014 global growth forecast to 3.4%

Last Updated: Thursday, July 24, 2014, 21:04

The IMF projected global growth of 3.4 percent for this year, down from its April estimate of 3.7 percent.

IMF cuts US economic growth forecast to 1.7% in 2014

Last Updated: Wednesday, July 23, 2014, 21:51

The International Monetary Fund on Wednesday lowered its US economic growth forecast for 2014 after severe winter weather in the first quarter delivered a sharp contraction.

IMF says Ukraine economy to shrink 6.5% instead of 5% in 2014

Last Updated: Friday, July 18, 2014, 14:18

The International Monetary Fund said on Friday it expected Ukraine`s economy to shrink by 6.5 percent in 2014 instead of the 5.0 percent it forecast earlier this year because of the escalating eastern uprising.

IMF welcomes establishment of BRICS bank

Last Updated: Thursday, July 17, 2014, 08:53

The International Monetary Fund has welcomed the move to set up a new BRICS development bank stating that it is ready to work with the Bank's leadership.

IMF cuts eurozone 2014 growth forecast

Last Updated: Monday, July 14, 2014, 22:11

The IMF cut its 2014 growth forecast for the eurozone on Monday, warning that the recovery in the single currency bloc was "neither robust nor sufficiently strong."

India's forex reserves rise by $1.38 billion

Last Updated: Saturday, June 28, 2014, 17:43

India's foreign exchange (forex) reserves rose by $1.38 billion to $314.92 billion for the week ended June 20, led by a sharp jump in overseas currency assets, the Reserve Bank of India (RBI) data showed.

Euro zone has correct fiscal stance to cut debt, help growth: IMF

Last Updated: Friday, June 20, 2014, 09:37

The euro zone`s fiscal stance strikes the right balance between reducing debt and bolstering demand, the International Monetary Fund said in a statement on Thursday.

IMF pushes EU to simplify 'complicated' budget rules

Last Updated: Thursday, June 19, 2014, 23:09

The European Union must find ways to simplify its "excessively complicated" budget rules that are rarely met by struggling economies and discourage investment, the IMF said on Thursday.