International Monetary Fund Stories
Berlusconi Uses Threats, Promises in Desperate Bid to Keep Power
With Silvio Berlusconi's fate resting on a group of party rebels threatening to pull the rug from under his government next week, the Italian prime minister is using carrot and stick to try to win over the doubters and pull off yet another parliamentary escape.
Markets Give Up Hopes For Lasting Euro Zone Solution
After another week of confusion and turmoil in Europe, investors are ditching whatever hopes they once had for a conclusive solution to the debt crisis.
Markets Abandoning Hopes for Lasting Eurozone Solution
After another week of confusion and turmoil in Europe, investors are ditching whatever hopes they once had for a conclusive solution to the debt crisis.
IMF's Lagarde heads to Moscow for debt crisis talks
Financial aid to rescue Europe's debt-stricken countries is set to dominate talks between Christine Lagarde, the head of the International Monetary Fund, and Russia's president, government and monetary officials during her visit to Moscow.
EU Fans the Flames of Change in the Government of Greece
The European Union turned up the heat on bickering Greek politicians Sunday to agree on a crisis coalition, demanding progress toward backing an international bailout deal in the next 24 hours.
China Confident Europe Will Overcome Current Debt Crisis
China is confident that Europe will be able to overcome its debt crisis, Foreign Minister Yang Jiechi said, adding stability in the Eurozone was crucial for the global economic recovery.
Greek PM to Push Coalition Plan in Meeting with President
Greek Prime Minister George Papandreou is meeting with Greek President Karolos Papoulias Saturday in the drive for a new coalition government to save the nation from bankruptcy and prevent its debt crisis from spreading chaos across the Eurozone.
Gold Falls on Thin Volume, Follows Risky Assets
Gold fell on Friday in one of the quietest trading day, as the metal tracked riskier assets on fresh worries about the euro zone bailout fund and a mildly encouraging U.S. nonfarm payrolls report.
Italy’s Budget Reforms Lack Credibility: IMF Chief
Berlusconi is facing a mountain of opposition to his reforms.
Wall Street Falls on Eurozone Rescue Fund Concerns
Stocks retreated on Friday after two days of gains as wealthier nations appeared to pull back from a European Union plan to broaden funding for a plan to deal with the region's sovereign debt crisis.
G-20 Cannes Summit Final Communiqué [FULL TEXT]
Here's the full text of the final communique issued at the Group of 20 summit in Cannes, France.
Eurozone Finds No New Money for Debt Crisis at G20
The Eurozone won verbal support but no new money at a G20 summit on Friday for its tortured efforts to overcome a sovereign debt crisis, while Italy was effectively placed under IMF supervision.
Catholic Ireland Closes Vatican Embassy
The Irish Republic will also shut down its embassies in Iran and East Timor.
Italy accepts IMF monitoring in bid to rebuild
Italy will allow the IMF to monitor its progress with long overdue reforms of pensions, labor markets and privatizations, European leaders announced on Friday, looking beyond the crisis in Greece to the far graver threat to the euro zone.
Berlusconi Agrees to IMF Oversight of Italy’s Austerity Program
Jose Manuel Barroso, the president of the European Commission (EC), nonetheless told reporters in Cannes that Berlusconi was not forced into it.
Wall Street to Dip After Payrolls, With an Eye on Europe
Stocks were set to drop at the open on Friday, and a mixed report on the U.S. labor market could make trading volatile.
Futures Flat With Greece Vote Off, Payrolls Ahead
The uncertain outcome of Greece's sovereign debt crisis and its implications for Europe's economy kept U.S. stock futures mixed on Friday, with indexes little changed following two days of steep gains.
Italy Agrees to Let EU, IMF Monitor Reforms
Italy, under fierce pressure from financial markets and European peers, has agreed to have the IMF and the EU monitor its progress with long- delayed reforms of pensions, labor markets and privatization, senior EU sources said Friday.
IMF backs ECB move, Greek aid tied to country
The IMF said on Thursday it backs the European Central Bank's interest rate cut and its aid to Greece is tied to the country, rather than a specific government, and would continue as long as its terms were met.
France and Germany Tell Greece to Take The Bailout or Else
Our Greek friends must decide whether they want to continue the journey with us,” Sarkozy said.
G20 Cannes Summit: Lights, Camera, Action!
Cannes is the incongruously glamorous backdrop for a meeting designed to desperately find a solution to Europe’s greatest crisis in more than 70 years.
G-20 Summit: Eurozone Debt Crisis? Looks More Like a Movie to Me
Cannes, the beach resort in the south of France, is the ideal locale for the G-20 economic summit.
Wall Street Cuts Gains on Greece Concerns
Stocks pared gains and the Nasdaq Composite hit a session low in afternoon trading on Wednesday after a source said the European Union and International Monetary Fund will not release an 8 billion euro payment to Greece until after its planned referendum.
EU and IMF Threaten to Withhold Next Bailout Tranche Until After Greek Referendum
This means that an eight billion euro ($11 billion) payment will be in limbo until after the referendum vote – which isn't even scheduled to be held until December.
Papandreou to Hold Emergency Talks With Sarkozy, Merkel Ahead of G20 Summit
Underscoring the magnitude of the crisis, a virtual who’s-who of European political and financial elite will also join the emergency summit,
Dominique Strauss-Kahn Sex Scandal to Become a Porn Movie, With Your Help
DXK is based on Strauss-Kahn's hotel maid scandal
Congo's Govt Balks at Disclosing Revised Mining Contracts - Miner
Congolese state mining firm Gecamines has refused a request from the mines ministry to publish all revised contracts, saying it cannot do so without the permission of firms involved, according to a letter from Gecamines published on the ministry website.
Kenya's CBK shows teeth with sharp rate rise
Kenya's central bank bared its teeth against stubbornly high inflation on Tuesday with a record rate rise that is seen supporting the shilling, boosting appetite for long-term bonds and helping secure the approval of extra funds from the IMF.
Congo's Gecamines refuses to publish mining contracts
Congolese state mining firm Gecamines has refused a request from the mines ministry to publish all revised contracts, saying it cannot do so without the permission of firms involved, according to a letter from Gecamines published on the ministry website.
IMF Sees Slower Kenya Growth, Approves Extra Funds
The International Monetary Fund on Monday trimmed its 2011 growth outlook for Kenya on Monday and backed further funds to boost the country's foreign exchange reserves to help tackle a widening balance of payments gap.