IMF

Greece

Greece Lets Another Bailout Deadline Slip as Merkel Presses

Greece let yet another deadline slip on Monday for responding to painful terms for a new EU/IMF bailout, as German Chancellor Angela Merkel made clear Europe's patience is wearing thin over drawn-out negotiations among its feuding political leaders.
Prime Minister Lucas Papademos arrives at his office in Athens for a meeting with top Greek political leaders

Greek Parties Face Monday EU Bailout Deadline

Greece's coalition parties must tell the European Union by Monday whether they accept the painful terms of a new bailout deal as EU patience wears thin with political dithering in Athens over implementing reforms.
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Anonymous Hackers FBI Scotland Yard Intercept Conference Call Sensitive Transcripts

Anonymous Hackers: Sensitive FBI, Scotland Yard Conference Call Intercepted by Hacking Collective [TRANSCRIPT]

Anonymous published a 15 minute transcript from the call, which was between officers from both countries discussing how to prosecute the hacking collective and its members. In a Twitter posting the group gloated, The FBI might be curious how we're able to continuously read their internal comms for some time now, after it emerged members of Anonymous had managed to intercept an email between the FBI and British authorities listing a time and password for the sensitive conference call.
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Eurozone Aims to Agree on Second Greek Bailout by Feb. 6

Eurozone finance ministers aim to agree a second financing package for Greece on Monday, a decision they hope will boost market confidence in euro zone public finances and help contain the two-year-old sovereign debt crisis.
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Greek PM Seeks Reform Backing, IMF Warns on Fiscal Pain

Greece's prime minister is seeking backing from the country's political leaders for more austerity measures, with the International Monetary Fund warning that long-term commitment to reforms is key to securing a new bailout.
People walk near a closed down shop in downtown Lisbon

Portugal Heads for Short-Term Borrowing Test

Portugal seeks to sell 1.5 billion euros ($1.9 billion) in treasury bills on Wednesday, in a test of its ability to raise short-term funds after a recent surge in its long-term bond rates have raised fears it may be forced to follow Greece and seek a new bailout.
Asian Stocks

Asian Shares Recover on Greek Debt Hope

Asian shares and the euro rose on Tuesday after Greek Prime Minister Lucas Papademos raised hopes that a deal would be reached this week to avoid a potentially chaotic debt default, but worries over Portugal's refinancing ability capped gains.
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IMF Plays Down Risk of China 'Hard Landing'

A senior International Monetary Fund official said on Monday that China was taking steps to reduce property bubble risks and said it has room to add fiscal stimulus if conditions worsen.
Germany's Chancellor Merkel meets with France's President Sarkozy and Italy's Prime Minister Monti shortly before an informal meeting of the European Council ahead of the European Union leaders summit in Brussels

EU States Back Germany's Fiscal Discipline Pact

Chancellor Angela Merkel cemented her political ascendancy in Europe Monday when 25 out of 27 EU states agreed to a German-inspired pact for stricter budget discipline, even as they struggled to rekindle growth from the ashes of austerity.
A Greek and an EU flag fly over the Greece's Finance Ministry in Athens

EU Leaders to Agree on Permanent Bailout Fund

EU leaders will sign off on a permanent rescue fund for the euro zone at a summit on Monday and are expected to agree on a balanced budget rule in national legislation, with unresolved problems in Greece casting a shadow on the discussions.
Visitors are reflected in window of the congress center, venue of the World Economic Forum (WEF) in Davos

Davos Elite See Euro Surviving -- for Now

On the European currency, a mood of short-term relief tinged with longer-term doubt prevails among the world's movers and shakers at this year's World Economic Forum session in the Swiss Alps.
Greece's PM Papademos escorts Finance Minister Venizelos after a meeting in Athens

Greece, Creditors on Verge of Clinching Debt Deal

Greece and its private creditors said on Saturday they were piecing together the final elements of a debt swap, and they expected to have a deal ready next week, which would be essential for sealing a new bailout and avoiding an uncontrolled default.
Treasury Secretary Timothy Geithner speaks at the Charlotte Chamber of Commerce in Charlotte

Geithner Presses Europe to Increase Crisis Firewall

Treasury Secretary Timothy Geithner pressed Europe on Friday to boost its bailout fund resources, citing the euro zone debt crisis and oil prices as the two main factors influencing the pace of the United States' economic upturn.
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Greeks Progress Toward Deal with Private Creditors

Greece and its private creditors made progress Thursday in talks on restructuring its debt, both sides said, and they will continue negotiating on Friday with the aim of sealing an agreement within a few days.
Trucks

U.S. Durable Goods Orders up in December

New orders for manufactured goods rose in December and a gauge of future business investment rebounded, while new claims for jobless benefits rose only moderately last week, suggesting the labor market was still healing.
Charles Dallara

ECB at Center as Greek Debt Talks Resume

Greece's tortuous negotiations over a debt swap with private creditors entered a new phase on Thursday with focus on how much the European Central Bank and other public creditors may need to contribute.
A trader at the NYSE

U.S. Stock Futures Rise

Stock index futures rose on Thursday, adding to gains from the previous session when the Federal Reserve boosted equities by saying it was likely to keep interest rates near zero until at least late 2014.
IMF managing director Christine Lagarde may have hinted that the Federal Reserve should roll out QE3

Greek Debt Talks Resume in Race Against the Clock

Greece resumes tortuous negotiations on a debt swap with private creditors in Athens on Thursday, with all eyes on the European Central Bank after IMF chief Christine Lagarde said public sector holders of Greek debt may need to take a haircut too.
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ECB Reported Split on Response to Greek Bond Losses

The European Central Bank has ruled out taking voluntary losses on its Greek bond holdings but is now debating how it would handle any forced losses and whether to explore legal options to avoid such a hit, central bank sources told Reuters on Wednesday.

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