IMF Cuts 2016 Global Growth Forecast To 3.2%, Citing Low Oil Prices And China’s Economic Slowdown
The International Monetary Fund on Tuesday trimmed its forecast for 2016 to 3.2 percent, citing a slowdown in China, low oil prices and weakness in advanced economies.
China's Economic Slowdown, Tumbling Commodity Prices Threaten Global Economy, IMF Warns
The International Monetary Fund warned of increasing downside risks to the world economy because of volatility in stock markets and plunging commodity prices.
IMF Study Says Inequality Is Hurting Growth, Calls For Wealth Redistribution
An increase in the incomes of a country's richest people hurts its GDP, according to the IMF.
IMF Nations Say Global Growth Is 'Moderate' And 'Uneven'
As the U.S. looks poised to increase interest rates, the International Monetary Fund voiced concerns in a draft communique.
IMF Says Currency Shifts Support Global Economic Growth
The IMF has cautioned that the economic recovery remains "moderate and uneven," beset by greater uncertainty and many risks.
WTO Cuts World Trade Growth Forecasts For 2015 And 2016
The WTO figures are based on economic growth estimates from organizations including the IMF.
Corzine's MF Global Fined $1.3B For Misuse Of Funds
The former New Jersey governor's bankrupt firm has been slapped with $1.2 billion in restitution and a $100 million penalty.
Global Deflation On The Rise? World Economy Threatened by Financial Slowdown
Deflation is a four-letter word in finance, largely because it is so difficult to recover from.
Worries Of Global Deflation, Slow Economic Growth Are Increasing
Falling consumer prices, particularly in Europe, are adding to fears that inflation won't speed up and lift the world economy.
Shadow Banks Could Compromise Global Financial Stability, IMF Says
A new report by the IMF finds the world's major banks aren't healthy enough to support the global economic recovery alone.
MF Global's Customers To Get Full Repayment Worth $6.7B In Final Payout
The CFTC has also brought lawsuits against Jon S. Corzine and Edith O’Brien for allegedly misusing customers' funds.
MF Global Sues PwC For $1 Billion For Giving Inaccurate Accounting Advice, Leading To The Firm's Demise
MF Holdings declared bankruptcy in October 2011, listing assets of $41 billion and debts of $39.7 billion.
Don't Blame New Jersey (Too Much) For Chris Christie, Please
New Jersey has given America a lot. The governor is one gift the nation can do without.
Housing Prices Are Rising And You'll Be Surprised What Country Analysts Worry About Most
House prices around the world are creeping back to pre-crisis levels. What does that say about real estate's performance long-term?
IMF Cuts Growth Forecast For Global Economy, Warns US Government Default Risk
Assuming the U.S. avoids a default, the next big challenge will be for the Fed to start paring its monthly bond purchases.
Jon Corzine Charged By CFTC In MF Global Collapse
The CFTC's David Meister believes the ex-New Jersey governor and former Goldman Sachs CEO used customer money for bogus deals.
Civil Charges To Be Filed Against Jon Corzine Over MF Global Bankruptcy And Collapse, By Commodity Futures Trading Commission
The CFTC charges mean the former U.S. senator, New Jersey governor and Goldman Sachs head likely will avoid criminal prosecution.
Stocks Look Cheap, But D.C. Looks Cheaper
There’s a growing sense of alienation between Wall Street and Main Street.
JP Morgan Deal Releasing $546M To MF GLobal Clients
J.P. Morgan Chase has reached a $546 million settlement with the trustee liquidating MF Global Holdings.
MF Global Clients May Recover All Their Money
MF Global Holdings Ltd (PINK: MFGLQ)'s brokerage customers will be able to get all their money back.
PFG Collapses In MF Global-like Debacle; Broker Rues Lack Of Caution, Oversight
Financial professionals reeled Wednesday after the now-collapsed futures merchant PFG (Peregrine Financial Group Inc.), whose troubles bear an unnerving similarity to MF Global's woes, left as much as $200 million unaccounted for and PFG clients kicking themselves for ignoring the warning signs.
Jon Corzine May Face Lawsuit In MF Global Inquiry
Jon Corzine, the former chief of MF Global and governor of New Jersey, could be the target of a possible lawsuit linked to the brokerage's bankruptcy and disappearence of $1.6 billion in client funds.
MF Global judge OKs payout; Freeh says no bonuses
A federal judge on Tuesday authorized the trustee liquidating MF Global Holdings Inc's brokerage unit to distribute as much as $685 million to customers whose accounts had been frozen when the futures brokerage went bankrupt.
CFTC's Sommers says no conclusions yet on MF Global
The futures regulator has the power to go after top executives who aid and abet violations by their companies, said Jill Sommers, who is heading up the Commodity Futures Trading Commission's probe into bankrupt brokerage MF Global.
MF Global trustee Freeh to testify at Senate hearing
Former customers of MF Global , waiting for the return of as much as $1.6 billion missing from their accounts, will get their first chance next week to hear testimony from Louis Freeh, the embattled trustee for the bankrupt commodities firm.
Latest MF Global payback plan goes before judge
The trustee liquidating MF Global's brokerage will ask a bankruptcy court on Thursday to release $685 million to former MF Global customers, a plan already introduced in court filings that has been criticized as neglecting affiliates of the failed firm.
U.S. grain group recommends safeguards after MF Global collapse
The largest U.S. grain trade group on Thursday said Congress and commodities regulators should adopt its recommendations to protect customer funds and restore market confidence after the collapse of giant broker MF Global.
MF Global judge weighs release of insurance money
An MF Global bankruptcy trustee asked a judge on Monday to release $25 million in insurance money to pay defense costs for Jon Corzine and other former MF Global officers facing civil lawsuits over the broker's October collapse.
MF Global execs ignorance, silence stymie Congress
An MF Global executive who has become a central figure in the desperate shifting of funds before the brokerage's collapse, refused to answer questions from Congress on Wednesday, frustrating lawmakers probing why an estimated $1.6 billion of customer money is missing.
MF Global exec tied to money transfers clams up
An MF Global executive, who has emerged as a central figure in the desperate shifting of funds before the brokerage's collapse, refused to answer questions on Wednesday, frustrating lawmakers probing why more than $1 billion in customer money is missing.