IMF

German recession concerns

Former IMF chief economist

Also downgrades US growth

Increased by 0.5% to 2%

IMF to stay on board

The International Monetary Fund (IMF) has said large funds are not the sole contributors to systemic risk issues and has called for asset managers to be subject to stress tests.

Greece's new left-wing government is pushing for a revision of its EU bailout terms, drawing up a new ten point plan to replace the existing deal.

The global economy is set to grow slower this year and next, according to the International Monetary Fund (IMF).

The International Monetary Fund has urged the US Federal Reserve to keep interest rates lower for longer after downgrading its forecast for the country's growth rate.

The UK economy expanded by 0.8% in Q1, slightly below economists' expectations.