The disgraced former IMF chief already faces charges of aggravated pimping in an organized gang for allegedly organizing orgies in France and the U.S.
Dominique Strauss-Kahn, the former International Monetary Fund chief who faced sexual assault charges, failed to convince a New York judge that he has immunity from the civil suit against him from his accuser, Nafissatou Diallo.
Less than a week ahead of the presidential election, French President Nicolas Sarkozy has threatened to sue a website over articles which claimed that the slain Libyan dictator Moammar Gadhafi donated around $65 million to his 2007 presidential campaign.
The International Monetary Fund has reduced the growth forecast of India for this year citing a slowdown of investment and governance problems.
China's economic relationships with Eastern Europe are deepening. Although the Asian power's trade with the former Communist bloc often goes unnoticed in the Americas, it has increased significantly in recent years.
Disgraced former International Monetary Fund chief Dominique Strauss-Kahn believes that the scandal that brought an end to his political career could have been a plot to keep him out of the French presidential elections.
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.
Ernst Welteke, one of the architects of Greece's entry into the monetary union in the mid-2000s, said that if Athens were to abandon the euro the European Monetary Union (EMU) would survive.
Argentina added to its gold reserves for the first time in nearly six years in September 2011 as the price hit record highs, mirroring the trend among emerging central banks to diversify further from paper currencies such as the U.S. dollar.
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.
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.
Gold rose above $1,645 an ounce on Friday as a better-than-expected German business sentiment survey lifted the euro versus the dollar, but trading was light as investors awaited further news on the euro zone crisis and U.S. monetary policy.
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.
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.
Gold rose above $1,645 an ounce on Friday as a better-than-expected German business sentiment survey lifted the euro versus the dollar, but trading was light as investors awaited further news on the euro zone crisis and U.S. monetary policy.
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.
The International Monetary Fund said Wednesday it has received pledges worth $320 billion to boost a global firewall against Europe's debt crisis.
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.
Economic experts watching Spain don't know how much money will be needed or precisely when, but some are near certain that Madrid will eventually seek a multi-billion euro bailout for its banks, and perhaps even for the state itself.
Asian stock markets rallied on Wednesday as sentiment was boosted by a successful Spanish debt auction and strong global growth forecast from the International Monetary Fund (IMF).
US stock index futures pointed to a lower opening Wednesday after posting strong gains in the previous session.
Asian stock markets surged Wednesday, following solid gains on Wall Street overnight as stronger International Monetary Fund (IMF) global forecast and falling Spanish bond yields buoyed sentiment.
