IMF

Germany and France examine push for euro zone integration

A sculpture showing the euro currency sign is seen in front of the European Central Bank (ECB) headquarters in Frankfurt
Germany and France are exploring radical methods of securing deeper and more rapid fiscal integration among euro zone countries, aware that getting broad backing for the necessary treaty changes may not be possible, EU officials say.
Moammar Gadhafi

Top Ten Most Disgraced Personalities of 2011

The year-end is when you recount the tales of those who rose to stardom or of those who fell from their coveted positions. IBTimes lists the top ten most disgraced personalities of 2011 whose downfalls shook the world.
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IMF's chief of mission Thomsen and IMF's senior representative for Greece Traa leave the parliament building in Athens

Greece's New PM Heads for Brussels in the Search for Cash

Greece's new prime minister headed to Brussels on Sunday to fight for the aid Athens needs to avoid bankruptcy, even as one of his coalition backers refused to give a written pledge to support reforms and a public-sector union readied itself for strikes.
Gold

Mystery Gold Buyers from China, India?

World Gold Council's third-quarter demand report showed central bank buying going far above most analysts estimates. Analysis shows the mystery buyers to be China or India.
IBTimes Logo

Canada Life Ireland lead bidder for Irish Life: source

Canada Life Ireland, a unit of Canada's second-largest life insurer Great-West Lifeco (GWO.TO: Quote), is the lead candidate buy Irish Life & Permanent's (IPM.I: Quote) insurance arm, a source close to the matter said on Friday.
Traders work on the floor of the New York Stock Exchange

Wall Street set to bounce as S&P faces key test

Wall Street stocks were set to bounce back on Friday after Europe's debt crisis drove heavy market losses this week, with the S&P 500 falling through important technical levels and possibly facing another key test of strength.
A man gets a shoeshine next to a kiosk displaying a Spanish flag with a bull on it in downtown Madrid

Spanish, French Bond Costs Climb, Raising Contagion Fear

Spain and France struggled with government bond auctions on Thursday, throwing into sharp relief the threat of larger euro zone economies succumbing to the debt crisis that began in Greece and is already lapping at Italy's shores.
IMF

BREAKING: IMF European Department Director Resigns

The head of the International Monetary Fund's Europe department resigned suddenly on Wednesday, a year after taking on the crucial role, leaving the fund at a critical time as it grapples with the European financial crisis.
Ivory Coast President Alassane Ouattara

Paris Club cuts Ivory Coast's debt burden

The Paris Club of creditor nations said members agreed on Tuesday to reduce the Ivory Coast's foreign debt burden and said reforms underway should lead to further relief.
Swaziland"s King Mswati III attends the Southern African Development Community

Swaziland cash crunch critical, AIDS spending hit

A budget crunch in Swaziland, Africa's last absolute monarchy, has reached a critical stage with the government struggling to maintain spending on HIV/AIDS, education and the elderly, the International Monetary Fund said on Wednesday.
Newly appointed Prime Minister Monti looks on following a talk with Italian President Giorgio Napolitano at the Quirinale palace in Rome

Europe Could be in Worst Hour Since WWII: Merkel

German Chancellor Angela Merkel said on Monday that Europe could be living through its toughest hour since World War Two as new leaders in Italy and Greece rushed to form governments and limit the damage from the euro zone debt crisis.
Obama, Hu pitching different trade agendas

Obama, Hu pitching different trade agendas

President Barack Obama and China's Hu Jintao will pitch differing trade agendas on Saturday as an antidote to weak global growth, as they try to sidestep the European debt crisis looming over an Asia-Pacific summit.
European flags are seen outside the European Commission headquarters in Brussels

Politics Stymie China's EU Aid Offer

Diplomatic deadlock is curbing China's will to provide cash to help end the euro zone crisis after Europe spurned the simplest of Beijing's three key demands, two independent sources have told Reuters.
Incoming Prime Minister Lucas Papademos walks through the gardens of the presidential palace after a meeting with Greek political leaders in Athens

Who is Lucas Papademos?

Papademos’ resume is nothing short of sterling and diverse, with a heavy presence in the United States.

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