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Quake-hit Ecuador gets $364 mn in emergency support from IMF

  Quito / AFP The International Monetary Fund said it approved a $364 million emergency loan to Ecuador after the country was hard-hit by an earthquake in April. The money will help the country steady its finances while it addresses the huge losses from the quake, which killed some 700 people. “The April 16 earthquake that hit Ecuador caused significant ...

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Dollar traders go back to data watching

  Bloomberg Currency traders are going back to basics, set to watch the performance of the U.S. economy more closely than political events to discern the dollar’s direction. A gauge of the greenback posted a weekly gain as a report showed the U.S. June jobs growth exceeded forecasts by more than 100,000, raising the likelihood of a Federal Reserve interest-rate ...

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Putin seen as friend & foe as NATO boosts East

  Bloomberg Russia shouldn’t be considered an adversary, but rather a “partner that can, at times, use force,” Francois Hollande said as he arrived at a summit of NATO leaders. The French president’s remark not only summed up NATO’s complex relationship with its largest and most aggressive neighbour; it also revealed how its 28 leaders are struggling to come up ...

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