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US raises concern about China's currency but again avoids labeling Beijing a manipulator

WASHINGTON - The Obama administration is raising concern about the value of China's currency but is declining, as in recent years, to accuse Beijing of manipulating it. The administration also expressed concern Tuesday about South Korea's actions in currency markets and about countries that use the euro and have wide trade surpluses.

U.S. warns China its currency is still undervalued

By Patrick Temple-West and Jason Lange WASHINGTON (Reuters) - The Obama administration on Tuesday warned Beijing that its currency was too weak and expressed doubt over the Asian giant's resolve to let market forces guide the value of the yuan. In a semiannual report to Congress, the U.S. Treasury stopped short of declaring China a currency manipulator, but singled it out among large U.S. trading partners for its currency practices.

Ukraine currency recovers after 46% interest rate hike

Ukraine's currency steadied on Tuesday after heavy falls and after the crisis-hit country's central bank unexpectedly raised the key interest rate by nearly 50 percent to boost consumer confidence and stop spiralling inflation. The local currency clawed back 60 kopeks to trade at 11.9 hryvnias to the dollar on the main interbank exchange. The strong move came in response to the National Bank of Ukraine's announcement on Monday that it was raising its main interest rate to 9.5 from 6.5 percent.

Colombia foreign investment dips but capital inflows up

BOGOTA (Reuters) - Foreign direct investment in Colombia fell 5.1 percent in the first quarter versus the same period a year ago, preliminary central bank data showed on Monday, while inflows destined for investment in financial assets doubled. The Andean nation received $3.64 billion from January to March, down from $3.84 billion in the same three months of last year, the data showed.

Reforms to IMF hit serious deadlock: G20 official

By Lidia Kelly WASHINGTON (Reuters) - Reforms to the International Monetary Fund have hit a deadlock despite a declaration from global financial chiefs that they would move forward without the United States if it fails to ratify the changes by year-end, a G20 official said on Sunday.

Tensions over money flows bode poorly for global economy

By Jason Lange WASHINGTON (Reuters) - For a bunch of people who just agreed the global economy is doing better, top officials from the world's rich and poor nations sound rather worried. For poor nations, the easy monetary policies in advanced economies are leading to big swings in capital flows that could destabilize emerging markets. For rich countries, the hoarding of currency by developing nations is blocking progress toward a more stable global economy.

IMF warns of debate on 2010 reform plan without U.S.

The International Monetary Fund warned Saturday that future debate on a 2010 institutional reform plan may take place without the United States, if Congress fails to ratify the plan by the end of this year. The International Monetary and Financial Committee, the policy-setting body of the IMF, wrapped up its meeting in Washington, after reaffirming the necessity of implementing the Quota and Governance Reform plan under which emerging economies will be given greater voting rights.

Top finance ministers say global economy gaining strength but remains fragile

WASHINGTON - The world's top financial officials say they believe the global economy is strengthening but growth remains fragile and open to risks of new geopolitical strife, as in Ukraine. Rich countries have been helping power the recovery led by the United States and Britain, and the eurozone and Japan are doing better. However, there has been some slowing in major emerging markets such as China even though these economies have been powering along at growth rates ahead of developed nations.

G20 gives U.S. year-end deadline for IMF reforms

By Louise Egan and Anna Yukhananov WASHINGTON (Reuters) - Finance chiefs from around the globe on Friday gave the United States until year-end to ratify long-delayed reforms to the International Monetary Fund and threatened to move forward without it if it fails to do so.

IMF, World Bank 2014 spring meetings in Washington on Saturday

WASHINGTON (Reuters) - The following are highlights of the International Monetary Fund and World Bank meetings on Saturday in Washington, where finance ministers, central bankers and other top officials are gathering. EUROPEAN CENTRAL BANK PRESIDENT MARIO DRAGHI ON DEFLATION CONCERNS RAISED: "It was not only the IMF, no, we heard concerns about this low inflation also from other advanced countries ... It has to be placed in perspective, but at the same time I said we shouldn't be complacent."
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