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IMF says Pakistan needs to mobilise tax revenue, cut debt

WASHINGTON: Pakistan needs to mobilise domestic tax revenue to ensure funds for social and development programs, while reducing debt, the acting director of the International Monetary Fund said on Sunday after a meeting with Pakistani Prime Minister Imran Khan

Lagarde's ECB nomination thrusts IMF into early succession race

WASHINGTON (Reuters) - The nomination of Christine Lagarde as European Central Bank president on Tuesday has thrust the International Monetary Fund into an early, unanticipated search for a new leader amid a raging trade war that has darkened the outlook for global growth.

Full results of Ukraine reforms to take years to be seen -finance minister

TORONTO (Reuters) - It will take years for the full effects of reforms to be seen in Ukraine, where the government is trying to cast off Soviet-era institutions while clamping down on corruption, Finance Minister Oksana Markarova said on Tuesday.

Peggy Lipton, star of ‘Mod Squad’ and ‘Twin Peaks’, dies at age 72

LOS ANGELES (AFP): Actress Peggy Lipton, who gained fame in the late 1960s with her star turn on the counter-culture cop show “Mod Squad” and returned to TV two decades later on “Twin Peaks,” has died at age 72 after a battle with cancer.

IMF chief says Brexit delay averts terrible outcome

WASHINGTON: The six-month delay of Britain's exit from the European Union avoids the "terrible outcome" of a "no-deal" Brexit that would further pressure a slowing global economy but does nothing to lift uncertainty over the final outcome, the head of the International Monetary Fund said on Thursday.

Egypt raises gasoline prices by up to 50pct

CAIRO: Egypt raised gasoline prices by up to 50 percent, the oil ministry said on Saturday, under an IMF reform plan that calls for the slashing of state subsidies on some consumer products.

Ukraine PM says gas price review wanted by IMF is underway

KIEV (Reuters) - Ukraine's prime minister, Volodymyr Groysman, said on Saturday the government was reviewing the way it sets domestic gas bills to make sure market prices are taken into account - a bid to answer demands under a $17.5-billion IMF aid programme.

How fair is our food? Big companies take reins on sourcing schemes

LONDON: From cocoa to tea, food and drink giants are setting their own standards for ethical sourcing of raw materials, moving away from third-party labels such as Fairtrade.

IMF says Japan needs to stick with fiscal, monetary stimulus

TOKYO: The International Monetary Fund urged Japan to avoid withdrawing fiscal policy stimulus and said monetary policy should be loosened further if risks to the economy materialise, warning of weak consumption that remains vulnerable to external shocks.

Kraft Heinz bids $143 billion for Unilever in global brand grab

LONDON: U.S. food company Kraft Heinz Co made a surprise US$143 billion (114.95 billion pounds) offer for Unilever Plc in a bid to build a global consumer goods giant, although it was flatly rejected on Friday by the maker of Lipton tea and Dove soap.