By David Lawder

World Bank's Kim launches bid for second term as president

By David Lawder WASHINGTON (Reuters) - World Bank President Jim Yong Kim on Tuesday formally launched a bid for a second five-year term as head of the multilateral development lender, whose board pledged an "open, merit-based, and transparent" selection process...

Wednesday, August 24, 2016, 4:05 AM

U.S. trade chief: Too soon to start bilateral UK trade talks

By David Lawder WASHINGTON (Reuters) - U.S. Trade Representative Michael Froman told his new British counterpart on Monday that the two countries cannot launch negotiations on bilateral trade and investment deals until more is known about Britain's future...

Monday, July 25, 2016, 4:42 PM

No need for G20 to tame forex markets after Brexit: IMF economist

By David Lawder WASHINGTON (Reuters) - Foreign exchange markets are not "disorderly" in the wake of Britain's vote to leave the European Union and there is no need for the Group of 20 major economies to broadly agree to tame them, the International Monetary Fund...

Tuesday, July 19, 2016, 3:43 PM

Brexit uncertainty prompts IMF to cut global growth forecasts again

By David Lawder WASHINGTON (Reuters) - The International Monetary Fund (IMF) cut its global growth forecasts for the next two years on Tuesday, citing uncertainty over Britain's looming exit from the European Union. The move included a nearly full...

Tuesday, July 19, 2016, 9:05 AM

Brexit uncertainty prompts IMF to cut global growth forecasts again

By David Lawder WASHINGTON (Reuters) - The International Monetary Fund (IMF) cut its global growth forecasts for the next two years on Tuesday, citing uncertainty over Britain's looming exit from the European Union. The move included a nearly full...

Tuesday, July 19, 2016, 9:05 AM

World Bank confirms NYU's Romer as next chief economist

By David Lawder WASHINGTON (Reuters) - The World Bank on Monday confirmed New York University economics professor Paul Romer as its next chief economist, bringing in a prominent voice advocating for investment in human capital and innovation. Romer, 60...

Monday, July 18, 2016, 10:11 PM

World Bank seen naming NYU's Romer as next chief economist: sources

By David Lawder WASHINGTON (Reuters) - The World Bank is expected to name New York University economics professor Paul Romer as its next chief economist this week, two people familiar with the decision said, a move that would bring in a prominent voice advocating...

Sunday, July 17, 2016, 2:21 PM

U.S. trade chief holds talks on UK trade deal possibilities

By David Lawder WASHINGTON (Reuters) - The Obama administration's top trade official said on Thursday he has held preliminary discussions with British government officials about how the two countries could pursue bilateral trade relations after Britain leaves...

Thursday, July 14, 2016, 4:23 PM

U.S. trade chief holds talks on UK trade deal possibilities

By David Lawder WASHINGTON (Reuters) - The Obama administration's top trade official said on Thursday he has held preliminary discussions with British government officials about how the two countries could pursue bilateral trade relations after Britain leaves...

Thursday, July 14, 2016, 4:23 PM

U.S. challenges China raw material export duties in trade enforcement push

By David Lawder WASHINGTON (Reuters) - The United States challenged China's export duties on nine key metals and minerals on Wednesday, arguing they violate Beijing's commitments to the World Trade Organization (WTO) and give an unfair advantage to Chinese...

Wednesday, July 13, 2016, 11:20 PM

U.S. challenges China raw material export duties in trade enforcement push

By David Lawder WASHINGTON (Reuters) - The United States challenged China's export duties on nine key metals and minerals on Wednesday, arguing they violate Beijing's commitments to the World Trade Organization (WTO) and give an unfair advantage to Chinese...

Wednesday, July 13, 2016, 11:11 PM

IMF's Lagarde nominates Chinese central banker as new deputy

By David Lawder WASHINGTON (Reuters) - International Monetary Fund Managing Director Christine Lagarde said on Friday she has nominated Tao Zhang, deputy governor of China's central bank, to serve as an IMF deputy managing director effective Aug. 22...

Friday, July 8, 2016, 8:45 PM

IMF cuts euro zone growth outlook on 'Brexit,' warns it may get worse

By David Lawder WASHINGTON (Reuters) - The International Monetary Fund on Friday cut its euro zone growth outlook for the next two years over uncertainties sparked by Britain's vote to leave the European Union, and warned that the conditions could worsen if...

Friday, July 8, 2016, 6:35 PM

U.S. factory data, auto sales improve, construction spending slips

By David Lawder WASHINGTON (Reuters) - U.S. factory activity expanded at a healthy pace in June as new orders, output and exports rose, new industry data showed on Friday, providing another sign that U.S. economic growth was regaining its footing after weakness...

Friday, July 1, 2016, 7:34 PM

U.S. factory data, auto sales improve, construction spending slips

By David Lawder WASHINGTON (Reuters) - U.S. factory activity expanded at a healthy pace in June as new orders, output and exports rose, new industry data showed on Friday, providing another sign that U.S. economic growth was regaining its footing after weakness...

Friday, July 1, 2016, 7:34 PM

IMF says some small countries could suffer as banks cut ties

By David Lawder WASHINGTON (Reuters) - Major global banks' elimination of correspondent banking relationships could threaten growth and financial stability in some small countries, the International Monetary Fund said in a report released on Thursday...

Friday, July 1, 2016, 2:07 AM

IMF says 'Brexit' uncertainty to dampen near-term growth outlook

By David Lawder WASHINGTON (Reuters) - Uncertainty over Britain's looming departure from the European Union will dampen near-term economic growth for the UK and the rest of Europe and affect output globally, a spokesman for the International Monetary Fund said on...

Thursday, June 30, 2016, 8:18 PM

New U.S. study shows some positive effects from free trade deals

By David Lawder WASHINGTON (Reuters) - U.S. free trade agreements since 1984 have had an overall positive effect on trade balances, reducing U.S. trade deficits or boosting surpluses with partner countries by $87.5 billion in 2015, a new government study showed on...

Thursday, June 30, 2016, 8:51 AM

U.S.-UK alliance seen outweighing Brexit trade concerns

By David Lawder WASHINGTON (Reuters) - The United States looks unlikely to follow through on a threat to relegate Britain to second-class trade status once its ally leaves the European Union, as it weighs the potential costs of undermining the countries' close...

Tuesday, June 28, 2016, 12:45 PM

U.S.-UK alliance seen outweighing Brexit trade concerns

By David Lawder WASHINGTON (Reuters) - The United States looks unlikely to follow through on a threat to relegate Britain to second-class trade status once its ally leaves the European Union, as it weighs the potential costs of undermining the countries' close...

Tuesday, June 28, 2016, 7:56 AM