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Sep 17, 2014

Ebola could drain billions of dollars from African economies: World Bank

WASHINGTON (Reuters) – The largest-ever outbreak of Ebola could drain billions of dollars from economies in West Africa by the end of next year if the epidemic is not contained, the World Bank said in an analysis on Wednesday.

The global development lender predicted that slow containment of the deadly virus in Guinea, Liberia and Sierra Leone could lead to broader regional contagion, particularly through tourism and trade.

Sep 17, 2014

Ebola could drain blns of dollars from African economies-World Bank

WASHINGTON, Sept 17 (Reuters) – The largest-ever outbreak of
Ebola could drain billions of dollars from economies in West
Africa by the end of next year if the epidemic is not contained,
the World Bank said in an analysis on Wednesday.

The global development lender predicted that slow
containment of the deadly virus in Guinea, Liberia and Sierra
Leone could lead to broader regional contagion, particularly
through tourism and trade.

Sep 11, 2014

IMF says Ebola hits economic growth in West Africa

WASHINGTON (Reuters) – Economic growth in Liberia and Sierra Leone could decline by almost 3.5 percentage points as the world’s worst outbreak of Ebola has crippled mining, agriculture and services sectors in the two West African states, the IMF said on Thursday.

Growth in Guinea, where industrial mining has been unaffected so far, could fall by more than 1 percentage point, said Bill Murray, spokesman at the International Monetary Fund.

Sep 2, 2014

Ukraine may need bigger bailout if conflict continues in 2015: IMF

WASHINGTON (Reuters) – Ukraine may need as much as $19 billion in additional funds from donors if its conflict with pro-Russian separatists continues during 2015, the International Monetary Fund warned on Tuesday.

Even under Kiev’s current $17 billion IMF bailout, the Fund said Ukraine will not be able to meet all of its targets due to the ongoing fighting and an intensified gas dispute with Russia, which supplies the bulk of Ukraine’s natural gas needs.

Aug 29, 2014

U.S. slaps more sanctions on Iranian banks, firms

WASHINGTON (Reuters) – The United States on Friday penalized a number of Iranian and other foreign companies, banks and airlines for violating sanctions against Tehran largely tied to its nuclear program.

U.S. officials said it was sending a signal that there should be no evasion of the sanctions while international talks continue on relaxing them in return for Iran’s agreement to curb its nuclear activities.

Aug 28, 2014

IMF board likely to back Lagarde during French probe: sources

WASHINGTON (Reuters) – The International Monetary Fund’s board is likely to stand behind the global lender’s leader, Christine Lagarde, who is facing a criminal investigation in France tied to a political corruption probe, sources close to the board said.

The 24-member board, which has the power to hire and fire the IMF’s managing director, has not yet been briefed on the latest turn in the case dating from 2008, but three sources said it was unlikely to view the investigation as something that would interfere with Lagarde’s duties.

Aug 22, 2014

WTO rules against Argentina in import restrictions case

GENEVA/WASHINGTON (Reuters) – A World Trade Organization dispute panel ruled against Argentina on Friday in a 2012 case brought by the United States, European Union and Japan against the South American country’s licensing rules used to restrict imports.

The three economic powers argued that Argentina did not automatically grant licenses to importers as required by WTO rules, allowing it to shield its vulnerable economy.

Aug 14, 2014

Chinese group proposes to buy U.S. chipmaker OmniVision

By Abhirup Roy and Anna Yukhananov

(Reuters) – U.S. digital imaging chipmaker OmniVision Technologies Inc said it received a buyout proposal from a group of Chinese investors, including a state-owned firm.

The proposed buyout values OmniVision at about $1.7 billion, but would almost certainly face scrutiny from the Committee on Foreign Investment in the United States (CFIUS) if the Santa Clara, California-based company accepts it.

Aug 12, 2014

U.S. anti-coal dominoes hit BRICS wall, other skeptics

WASHINGTON (Reuters) – A year ago, U.S. President Barack Obama sought to mobilize the nation behind a grand plan: fight climate change by slashing carbon pollution at home, while prodding other countries to follow.

A key part of that strategy was for the United States to stop using public money to finance the construction of most coal-fired power plants abroad, seen as one of the main causes of rising pollution from heat-trapping gases.

Aug 12, 2014

Analysis: U.S. anti-coal dominoes hit BRICS wall, other skeptics

WASHINGTON (Reuters) – A year ago, U.S. President Barack Obama sought to mobilize the nation behind a grand plan: fight climate change by slashing carbon pollution at home, while prodding other countries to follow.

A key part of that strategy was for the United States to stop using public money to finance the construction of most coal-fired power plants abroad, seen as one of the main causes of rising pollution from heat-trapping gases.