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Global stocks fall as oil drops, IMF sees gloomy outlook

Global stocks fall as oil drops, IMF sees gloomy outlook

TOKYO (AP) — Global stocks fell Tuesday as oil prices dropped further and the head of the International Monetary Fund sounded downbeat on the outlook for the world economy. KEEPING SCORE: France’s CAC 40 fell 2.1 percent to 4,252.21, while Germany’s DAX dropped 2.2 percent to 9,607.29. Britain’s FTSE 100 fell 1.4 percent to 6,080.85. U.S. shares were set to drift ...

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IMF sees uncertainty about path of oil prices

WASHINGTON – Uncertainty over the future path of oil prices could throw a wrinkle into the International Monetary Fund’s predictions for the global economy, its staff said in a note on Friday. On the one hand, lower oil prices could persist and boost global demand more than it foresaw last month, when the IMF cut its global growth forecast to ...

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Ukraine eyes IMF credit lifeline in early 2015

KIEV – Ukraine expects the International Monetary Fund to disburse new and overdue loans after a visit next month and still hopes a $17 billion bailout program can be expanded, its central bank chief said on Tuesday. Valeria Gontareva declined to give a value for the payment, even when pressed by journalists, but it is likely to total more than ...

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EU set to help Ukraine pay gas bills: Oettinger

Ukraine

VIENNA (Reuters) – European Energy Commissioner Guenther Oettinger is working on a plan to help Ukraine pay some of its gas bills to Russia, he told Austria’s ORF radio on Friday, saying there was “no reason to panic” about Russian gas supplies to Europe. “We are in close contact with Ukraine and its gas company to ensure that Ukraine remains able to pay and the ...

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IMF throws Ukraine financial lifeline, Russian economy to slump

Ukranian tanks

By Natalia Zinets And Elizabeth Piper (Reuters) – Ukraine won a $27-billion international financial lifeline on Thursday, rushed through in the wake of Russia’s annexation of Crimea, as Moscow’s economy minister spoke of the cost of military action in its former Soviet neighbor. The International Monetary Fund announced agreement on a $14-18 billion standby credit for Kiev in return for tough ...

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