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US Economy Christine Lagarde

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  • BRUSSELS/ ATHENS, Aug 14- Finance ministers from the euro zone were meeting in Brussels on Friday expecting to give their final blessing to lending Greece up to 85.5 billion euros after the parliament in Athens agreed to stiff conditions overnight. German Finance Minister Wolfgang Schaeuble, long the most powerful sceptic over the merits of giving Greece a...

  • BRUSSELS, Aug 14- Finance ministers from the euro zone were meeting in Brussels on Friday expecting to give their final blessing to lending Greece up to 85.5 billion euros after parliament in Athens agreed to stiff conditions overnight. German Finance Minister Wolfgang Schaeuble, long the most powerful sceptic on the merits of giving Greece a third bailout to...

  • WASHINGTON, Aug 4- The International Monetary Fund should put off any move to add the yuan to its benchmark currency basket until after September 2016, IMF staff said in a report which showed a mixed performance of the renminbi on meeting key financial norms. The report, published on Tuesday, comes after Beijing launched a major diplomatic push for the yuan to be...

  • WASHINGTON, Aug 4- The International Monetary Fund should put off any move to add the yuan to its benchmark currency basket until after September 2016, IMF staff said in a report which showed a mixed performance of the renminbi on meeting key financial norms. The report, published on Tuesday, comes after Beijing launched a major diplomatic push for the yuan to be...

  • WASHINGTON, Aug 4- The International Monetary Fund should put off any move to add the yuan to its Special Drawing Rights currency basket until September 2016, an IMF staff report said, a move that would effectively end the Chinese currency's chances of an early inclusion. The report, published on Tuesday, comes after Beijing launched a major diplomatic push for...

  • Greek debt restructuring is inevitable, says IMF chief Wednesday, 29 Jul 2015 | 11:08 AM ET

    WASHINGTON, July 29- Greece's international creditors will have no choice but to accept an easing of the terms of Athens' debts, the head of the International Monetary Fund said on Wednesday. The IMF has teamed up with the European Union and the European Central Bank in recent years to lend Greece money repeatedly to save it from a debt crisis.

  • ATHENS, July 25- The next managing director of the International Monetary Fund is likely to come from outside Europe when current leader Christine Lagarde eventually leaves, the deputy head of the Washington- based fund said in an interview broadcast on Saturday. "There are more and more eminently qualified people from outside Europe and the United States and I...

  • BEIJING, July 22- The International Monetary Fund has told China about its concern over investors' ability to enter or leave Chinese financial markets as they wish, said sources with direct knowledge of the matter. Those worries were raised last month when the IMF met with Chinese officials in China to discuss the chances of including the yuan in the fund's...

  • WASHINGTON, July 20- The International Monetary Fund on Monday named as its new chief economist Maurice Obstfeld, an academic and White House economic adviser known for his work on money flows and international finance. Obstfeld, currently on leave from the University of California, Berkeley to serve on President Barack Obama's Council of Economic Advisers,...

  • SPECIAL REPORT-The man who cost Greece billions Monday, 20 Jul 2015 | 5:29 AM ET

    ATHENS, July 20- Once again Alexis Tsipras was struggling to make a decision. For hours on July 13, the Greek prime minister and Europe's leaders had been trying to thrash out a new deal to bail out bankrupt Greece and keep the country in the euro zone. Now a clean copy of the latest text had been printed, and German Chancellor Angela Merkel, French President Francois...

  • PARIS, July 17- International Monetary Fund Director Christine Lagarde said on Friday the Fund could participate in a "complete" package to put the Greek economy back on track, make its debt sustainable and allow it to get its funding from financial markets. Asked on France's Europe 1 whether the IMF would participate in a third bailout for the country, Lagarde...

  • July 14- Greece will need far bigger debt relief than euro zone partners have been prepared to envisage so far due to the devastation of its economy and banks in the last two weeks, a confidential study by the International Monetary Fund seen by Reuters shows. European countries would have to give Greece a 30- year grace period on servicing all its European debt,...

  • ATHENS/ BRUSSELS, July 14- A secret International Monetary Fund study showed Greece needs far more debt relief than European governments have been willing to contemplate so far as fractious parties in Athens prepared to vote on a sweeping austerity package demanded by their lenders. The IMF's stark warning on Greece's debt was leaked as Prime Minister Alexis...

  • ATHENS/ BRUSSELS, July 14- A secret International Monetary Fund study showed Greece needs far more debt relief than European governments have been willing to contemplate so far, as Germany heaped pressure on Athens on Tuesday to reform and win back its partners' trust. The study, seen by Reuters, said European countries would have to give Greece a 30- year grace...

  • BRUSSELS, July 13- As a feeble sun came up out of a grey Brussels dawn on Monday, for a time it looked like it might be about to set on Greek hopes of clinging on to the euro. After 14 hours of talks with German Chancellor Angela Merkel and other euro zone leaders, Tsipras was refusing to yield on the last outstanding item on a draconian list of loan terms which some critics...

  • IMF says ready to help resolve Greek debt crisis Monday, 13 Jul 2015 | 11:13 AM ET

    WASHINGTON, July 13- The International Monetary Fund said on Monday it was prepared to work with Athens and its European creditors to help resolve Greece's debt crisis now that a conditional agreement has been reached on a new bailout. IMF spokesman Gerry Rice said the Fund's managing director, Christine Lagarde, had briefed the global lender's board on the...

  • *Japan stocks lead Asia higher, Shanghai extends rally. LONDON, July 13- World markets gave a weary cheer on Monday as euro zone leaders emerged from-all night talks in Brussels with a deal to keep Greece afloat and part of the euro currency union. As Europe's markets opened, European Council President Donald Tusk announced that after months of negotiations,...

  • What Greek deal signals to other EU countries Monday, 13 Jul 2015 | 6:44 AM ET
    What Greek deal signals to other EU countries

    Marchel Alexandrovich, Jefferies senior European economist, shares his thoughts on the likelihood the Greek parliament will pass PM Tsipars' new debt proposal and the signals it sends to other euro zone countries.

  • *Japan stocks lead Asia higher, Shanghai extends rally. LONDON, July 13- European markets gave a weary cheer on Monday as euro zone leaders emerged from-all night talks in Brussels with a deal to keep Greece afloat and part of the euro currency union. European Council President Donald Tusk announced just as trading started for the week that after months of...

  • ATHENS, July 11- Greek Prime Minister Alexis Tsipras won backing from lawmakers on Saturday for painful reform proposals aimed at obtaining a new international bailout, but he faced a rebellion in his own party that could threaten his majority in parliament. The measures, which received an initial nod from European Union and International Monetary Fund...