World stocks rose from a two-month low on Thursday while the euro hit a one-week peak versus the dollar, aided by higher commodities and a report on China's possible interest in bailout bonds for Portugal.
Asian stocks were on course for their biggest gain in a month on Thursday, led by resources and consumer sectors, with recovering commodity prices and the euro's rebound toward $1.42 bringing investors back into the markets in search of bargains.
Wall Street stocks were set for a lower open on Wednesday after weaker-than-expected manufacturing data added to evidence the U.S. economy's recovery was slowing.
Dollar Gold Prices hit a three-week high of $1528 per ounce on Wednesday morning in London, while commodities - like global stock markets - failed to add much to the gains they made Tuesday after Goldman Sachs issued a bullish note on natural resources.
Gold rose to a record high for the third consecutive session on Wednesday as deepening concern over Europe's sovereign debt crisis spurred demand for the metal as a safe haven investment.
Stock index futures fell on Wednesday, extending the previous day's slide, as signs the U.S. economic recovery may be slowing and worries about the euro zone's debt crisis weighed on sentiment.
French Finance Minister Christine Lagarde announced on Wednesday that she will be seeking to lead the International Monetary Fund.
World stocks fell while the euro headed toward a two-month low on Wednesday on concerns about the euro zone's spreading debt crisis and the potential for a further reduction of positions in risky assets.
The euro slipped back toward a two-month low and oil prices fell on Wednesday as a rally the previous day fizzled on fears about Europe's spreading debt crisis and the potential for a further reduction of positions in risky assets.
Top emerging economies joined forces to slam Europe's obsolete grip on the IMF's top job, even as France's finance minister appeared to strengthen her lead in the race to replace Dominique Strauss-Kahn.
A Greek debt default would hurt other peripheral euro zone states and could push Portugal and Ireland into junk territory, Moody's said on Tuesday, warning it would classify most forms of restructuring as a default.
French Finance Minister Christine Lagarde said Monday it was premature to discuss whether she would win the top job at the IMF and insisted any selection process should be open, transparent and merit-based.
Despite being the ‘heir apparent’ to the top post of the International Monetary Fund (IMF), Christine Lagarde has cautioned that her candidacy might be premature.
Cruise Holidays of Alexandria has announced its 2012 collection of exclusive river cruise offers aboard two of the world's finest river cruise companies; Uniworld and AMA Waterways.
Debt worries hammered European markets on Monday, knocking both the euro and regional shares down 1 percent while also weighing heavily on world equities, sending emerging markets down nearly 2 percent.
The International Monetary Fund on Friday approved a 26 billion euro ($36.8 billion) loan for Portugal to help the country recover from a debilitating sovereign debt crisis, saying it would immediately disburse 6.1 billion euros to ease investor concerns over the euro zone member's debts.
Fitch cut Greece's credit rating by three notches on Friday, pushing the country deeper into junk territory, and warned that any kind of debt restructuring would amount to default.
The International Monetary Fund on Friday approved a 26 billion euro ($37 billion) loan for Portugal and said it would immediately disburse 6.1 billion euros of the money to the euro zone member country to ease investor concerns over its debts.
History will remember Dominique Strauss-Kahn as a man who put the International Monetary Fund (IMF) on the road to decline, and that the new leadership should bring about a fundamental rethink of the fund's economic programs for the European periphery, leading think tank American Enterprise Institute has said.
John Lipsky—Acting Managing Director, International Monetary Fund delivered the following speech at Annual Meeting of the Bretton Woods Committee on May 19, 2011.
The main option under consideration for Greece now is a voluntary deal by investors to maintain their Greek bond holdings over the period of another EU/IMF program from 2011 to 2014, euro zone sources said.
Gordon Brown’s chances of taking over as boss of the International Monetary Fund (IMF), now that DSK has resigned, got even dimmer after UK Business Secretary Vince Cable indicated that Westminster would prefer from a Euro Zone nation as the new IMF chief.
