International economics

In the first half of 2015, Serbia has recorded good fiscal results and a deficit below the projected level, IMF mission head James Roaf said on Tuesday.

Emerging market assets resumed their slide on Aug. 26, shrugging off China?s interest rate cut and focusing on growing signs of economic weakness in the world?s second-largest economy and across the developing world.

A mission of the IMF is arriving in Belgrade today to conduct the second review of Serbia's economic performance under a EUR 1.2 billion stand-by arrangement.

The talks with government representatives are beginning the next day, Tanjug has learned at the IMF Resident Representative Office in Serbia.

Friday’s crucial Eurogroup meeting is underway in Brussels to discuss the 3rd bailout program for Greece, after the Greek parliament passed the terms of the new memorandum of understanding (MoU) earlier Friday, which had been agreed between Greece and EU institutions on Tuesday.

MasterCard has said it will outsource part of its business from its office in Peterborough, in the UK to Bulgaria and the Philippines.

UK-based Peterborough Telegraph quoted a company spokesperson as saying that "?in alignment with other MasterCard business functions we are outsourcing an element of our business to both Bulgaria and the Philippines."

The International Monetary Fund (IMF) decided to release the first disbursement of the second aid program to the Ukraine. The IMF executive board released a 1.7 bln dollar tranche as part of total 17.5 bln dollars assistance package approved in March 2015. The independent organization deems the Ukraine to be in a stable enough condition to loan out money.

The IMF threw the SYRIZA government in Athens another “curve ball” on Thursday, with a spokesman in Athens saying the Fund’s leadership has not decided yet whether it will participate in the latest, and third, bailout program for Greece.

The euro fell on Friday as hopes for a Greek bailout deal took a hit after the International Monetary Fund pulled out of crunch talks between Athens and its creditors.

In Tokyo, the single currency was at $1.1229 and 138.63 yen, against $1.1260 and 139.00 yen in New York.

The dollar bought 123.47 yen against 123.45 yen.

The International Monetary Fund office in Pristina has announced that an agreement has been reached with Kosovo on an economic programme that could be supported by a 22-month Stand-By Arrangement, SBA.

International media, particularly financial news providers, were abuzz on Thursday at the news that Greece’s radical leftist government requested that it bundle its payments to the IMF this month.

The request came a day before Greece was scheduled to pay back 300 million euros to the IMF.