International Monetary Fund Stories
Romanian Government Falls On Austerity Vote
The vote comes amid widespread public anger over tough austerity measures and allegations of corruption, with 235 lawmakers voting against the government - four more than was needed to topple Ungureanu.
Bank Of Japan Further Eases Monetary Policy, Raises Asset Purchase Programme To $494 Billion
The Bank of Japan said Friday that it is further easing the monetary policy so that the economy could recover from deflation and grow more strongly.
Greece Stops Paying Benefits To Fraudsters; Central Bank Chief Touts Austerity
Greece will no longer pay benefits to 200,000 fraudsters and dead pensioners; Greek central-bank governor warns of departure from euro zone if budget cuts are not followed
OECD'S Gurria: funding measures are enough to contain Europe crisis
The doubling of the International Monetary Fund's firepower, an increase in Europe's bailout fund and liquidity injections should be enough to contain Europe's sovereign debt crisis, the head of the Organisation for Economic Cooperation and Development said on Wednesday.
Bank Of Japan Policy Board Meeting: Further Monetary Easing Expected
It is highly expected that the Bank of Japan will resort to additional monetary easing at its next meeting on April 27 so that the economy could recover from deflation and grow more strongly.
Euro Zone Annual Budget Deficit Down, But Debt Up In 2011
The 17-member eurozone managed to reduce deficits to 4.1 percent of the gross domestic product in 2011, down from 6.2 percent in the previous year, according to official European Union figures released Monday. Overall debt increased to 87.2 percent of GDP from 85.3 percent.
Gold Prices Fall Below $1,630 On Euro Zone Worries
Gold prices slid below $1,630 an ounce on Monday as concerns that the euro zone debt crisis could ensnare higher-rated countries hurt the single currency, though moves were muted ahead of this week's Federal Reserve meeting.
IMF chief seeks fresh funds for poor countries
The head of the International Monetary Fund on Sunday renewed a push to fully fund a $17 billion lending package for poor countries, which are threatened by high oil prices and the risk of euro-zone contagion.
Dania Suarez Secret Service: 3 Other Government Prostitute Sex Scandals [PHOTOS]
Dania Suarez, one of the alleged Colombian prostitutes involved in the recent U.S. Secret Service scandal, has gone into hiding after photographs of her were posted on the Internet, the New York Daily News reported on Friday. Check out a slideshow of three other prostitution sex scandals that rocked governments.
Japan’s Loan Demand Increases In Q1
Loan demand from firms and households jumped in the first quarter, adding to the evidence that the Japanese economy is on the path of recovery, according to Senior Loan Officer Survey.
Eurozone Firewall: UK, Singapore, South Korea And Australia Contribute $41 Billion To IMF
Australia, Singapore, South Korea and the UK have agreed to contribute a combined $41 billion to the International Monetary Fund reserve to boost a global firewall against Europe's debt crisis.
G20 pledges more than $430 billion for IMF
The Group of 20 nations on Friday pledged more than $430 billion to better than double the International Monetary Fund's lending capacity and protect the global economy from the euro zone's debt crisis.
IMF to secure at least $400 billion in crisis funds
The Group of 20 nations on Friday were poised to commit at least $400 billion to bulk up the International Monetary Fund's war chest to fight any widening of Europe's debt crisis.
Gold Set For 1 Pct Weekly Drop; Options, Fed Eyed
Gold stayed nearly flat in thin trade on Friday, on track to log declines for two of the past three weeks as investors took to the sidelines ahead of a key U.S. option expiration and a Federal Reserve policy meeting next week.
IMF Eyes BRICS To Meet $400B Fundraising Goal
The International Monetary Fund is eyeing Brazil, Russia, India, China and South Africa, a bloc of countries commonly known as BRICS, to meet its goal, set by the institution's managing director Christine Lagarde, to raise at least $400 billion of additional funds to safeguard the global financial system against the euro zone sovereign debt crisis.
Spanish Oil Exec Urges Caution Following Second Argentine Seizure
Fearing a trade war, a Spanish oil executive is asking Madrid to take a cautious approach to how it responds to Argentina's seizure of two subsidiaries of a Spanish oil major .
Emerging Powers Ready To Give Billions To IMF
Major emerging powers stood ready on Friday to pledge money to bolster the International Monetary Fund's crisis-fighting war chest, though Brazil was holding out for promises that their voting power at the global lender would increase.
Emerging powers ready to give IMF billions
Major emerging powers stood ready on Friday to pledge money to bolster the International Monetary Fund's crisis-fighting war chest, though Brazil was holding out for promises that their voting power at the global lender would increase.
Emerging powers said ready to give IMF billions
Major emerging powers stood ready on Friday to pledge money to bolster the International Monetary Fund's crisis-fighting war chest, though Brazil was holding out for promises that their voting power at the global lender would increase.
Retrospective Tax Law: US Seeks Reassurance From India
US Treasury Secretary Timothy Geithner pressed India’s Finance Minister Pranab Mukherjee on Thursday for reassurance that New Delhi welcomes foreign capital and remains committed to boosting bilateral trade and investment, following concerns connected to India's newly proposed retrospective tax measures.
BRICS demand bigger IMF role before giving it cash
The International Monetary Fund's bid to win a big boost in funding to handle the euro-zone debt crisis hit a speed bump on Thursday when Brazil demanded more power at the IMF for emerging economies as a condition for lending it extra cash.
Lagarde sees deal in the making on IMF funding
International Monetary Fund chief Christine Lagarde said on Thursday she expects to win a big boost in funding to help the lender contain damage from the euro-zone debt crisis now that Europe has taken significant steps on its own.
March US Leading Economic Index Up 0.3%, Tops Expectations
The index of U.S. leading economic indicators rose 0.3 percent in March, extending its upward trend for a sixth month. Thursday's data points to a more positive outlook despite subdued consumer expectations and weakness in manufacturing new orders.
More Americans Than Expected Filed For Unemployment Benefits Last Week
More Americans than expected filed for jobless benefits last week, which also happens to coincide with the April payroll employment survey week, echoing the International Monetary Fund's view that job creation this year and next will be modest at best.
Japan Posts Record 2011 Trade Deficit Despite Export Growth In March
Japan reported Thursday a record trade deficit for fiscal year 2011 as exports tumbled on account of falling global demand and a nuclear energy crisis that resulted in the rise of oil and gas imports.
Eurozone Firewall: IMF Receives Pledges Worth $320 Billion
The International Monetary Fund said Wednesday it has received pledges worth $320 billion to boost a global firewall against Europe's debt crisis.
Mexico GDP May Grow Faster Than Expected, U.N. Official Predicts
The head of the United Nations Economic Commission for Latin America and the Caribbean Alicia Barcena suggested Wednesday that Mexico’s 2012 GDP growth could be higher than expected due to the pace of recovery in the United States and Mexico’s open economic policies relative to other countries in the region.
Pigs and PIIIGS Biggest Losers in Global Selloff: Daily Markets Wrap
Global markets saw a shallow but broad selloff Wednesday, as unsettling news from Spain combined with a histrionic report by the International Monetary Fund to give investors pause regarding the situation in Europe.
European Banks May Be Forced To Sell $3.8 Trillion In Assets: IMF
European banks could be forced to shrink their balance sheets by as much as $3.8 trillion through 2013, or almost 7 percent of total assets, with a quarter of the deleveraging likely to come from cuts in lending and the remainder from sales of securities and noncore assets, the International Monetary Fund said Wednesday.
Sudan's President Omar al-Bashir Pledges To 'Liberate' South Sudan
Sudanese President Omar al-Bashir announced he will 'liberate' South Sudan during a political rally Wednesday as clashes along the border intensify.