End of Day FOREX Summary
End of Day FOREX Summary
Who Will Take Over The IMF If Strauss-Kahn Resigns?
As Dominique Strauss-Kahn’s continued role as boss of the International Monetary Fund (IMF) appears doomed following his arrest on charges of rape in New York over the weekend, speculation grows on who will ultimately succeed him.
Strauss-Kahn’s arrest and absence looms over key Euro Zone Meeting in Brussels
The meeting of euro zone finance ministers and other luminaries in Brussels, Belgium has been rocked by the arrest of International Monetary Fund (IMF) managing director Dominique Strauss-Kahn over the weekend in New York on sexual assault charges.
Dominique Strauss-Kahn: Victim of Conspiracy?
The arrest of International Monetary Fund (IMF) chief Dominique Strauss-Kahn on rape charges in New York over the weekend has not only rocked French politics, but has also raised the suspicion that he might have been set up.
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IMF chief Dominique Strauss-Kahn arrested, questioned over sex assault
Dominique Strauss-Kahn, the managing director of the International Monetary Fund (IMF) and a possible French presidential candidate, was hauled off the Air France flight about 10 minutes before it was to take off at John F. Kennedy International Airport on Saturday afternoon and turned over to police for questioning in connection with an alleged sexual assault.
IMF's Strauss-Kahn Arrested, Accused of Sex Attack
Dominique Strauss-Kahn, the head of the International Monetary Fund, was arrested in New York City on Saturday, accused of a brutal sexual attack on a hotel employee in Manhattan, according to reports citing police sources.
Dark days in Lisbon: Portugal sinks into recession
The Portuguese economy contracted for the second straight quarter, placing the debt-strapped country into another recession as the Lisbon government anxiously seeks to reduce spending and increase taxes.
Greek unions take to the streets anti-austerity strike
Public services have been halted including trains, ferries and flights have been disrupted by the protests in Athens on Wednesday morning.
Strikes against austerity program brings Greece to standstill
Greece has been brought to a standstill by a massive strike called by labor unions to protest to government’s austerity programs.
Spot Gold Nears New Euro High as S&P Cuts Greece Again, Warns of 50% Bondholder Loss
Spot Gold prices rose for the second day running in London on Tuesday, reclaiming half of last week's 7% drop from the all-time Dollar high as world stock markets rallied again with commodity prices.
Greece may need another bailout, but we won’t contribute to it: UK
The British Chancellor of the Exchequer George Osborne has warned that Greece may need additional bailout funding, but that the U.K. is unlikely to contribute to any such payouts.
Portugal to sink into deep 2-year recession after bailout pact: finance minister
The Portuguese will likely descend into a deep recession over the next two years, after Lisbon country signed terms of a bailout from the European Union, warned the country’s finance minister.
IMF warns Asia-Pacific economies at risk of overheating
The International Monetary Fund (IMF) that robust economic growth in the Asia-Pacific region may lead to overheating and rising inflationary pressures.
Why the Euro Ignores the Peripheral Debt Crisis
The euro has decoupled from the euro zone peripheral debt crisis in 2011.
Gold Slips in Everything But Fast-Weakening Dollar, Physical Hoarding Accelerates
Silver Prices extended their Dollar gains to 7.7% for this week alone, also reaching new multi-decade and all-time highs vs. the world's other major currencies.
PM Cameron may block bid by Gordon Brown to become next IMF chief
UK Prime Minister David Cameron has suggested he may prevent former Labour PM Gordon Brown from becoming the next managing director of the International Monetary Fund (IMF).
Calls grow for Japan PM to quit in wake of quake
Japan's fragile post-disaster political truce unraveled on Thursday as the head of the main opposition party called on unpopular Prime Minister Naoto Kan to quit over his handling of the country's natural calamities and a nuclear crisis.
Kenya to remove some tax exemptions in 2011/12 budget
Kenya plans to remove tax incentives in the 2011/12 (July-June) fiscal budget and widen collection to rope in more small businesses to increase revenues, Finance Minister Uhuru Kenyatta said on Monday.
Nigeria naira slips as reserves fall; big drop unlikely
The Nigerian naira weakened further against the U.S. dollar on the interbank market on Wednesday as strong demand for the greenback persisted in the face of static supply, traders said.
Indebted Irish take revenge in crisis poll
Irish voters went to the polls on Friday to punish their government for bringing the former Celtic Tiger economy to its knees and leaving it a ward of the European Union and International Monetary Fund.
Greek police clash with anti-austerity protesters
Greek police clashed with protesters Wednesday as around 100,000 workers, pensioners and students marched to parliament in protest at austerity policies aimed at helping Greece cope with a huge debt crisis.
Burundi January inflation rate falls to 4.8 pct y/y
Burundi's year-on-year inflation rate dropped to 4.8 percent in January from 6.3 percent in December partly due to lower housing, water and energy costs, official data showed on Wednesday.
Greece in grip of nationwide strike; clashes reported in Athens
Violence has broken out in Greece as a nationwide general strike against the government’s austerity programs and budget cuts has led to clashes between stone-throwing protesters and police firing tear-gas.
Temasek names ex-CICC investment banker Ding Wei as China head
Temasek Holdings has hired former China International Capital Corp (CICC) investment banking head Ding Wei to lead its China operations, the Singapore state investor said late on Monday.
Nigerian cbank governor says naira not over-valued
Nigerian Central Bank Governor Lamido Sanusi said on Monday he did not believe that the naira was over-valued and criticised advice from the IMF, which last week recommended greater exchange rate flexibility.
As Greece seeks closer ties to Israel, anti-Semitism rears its ugly head
While the Greek government seeks to establish closer diplomatic ties with Israel (in the wake of a cooling of relations between Israel and Turkey), incidents of anti-Semitism are rising in Greece, inflamed by the deepening economic crisis.
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