US Economy Christine Lagarde

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  • Relations between Argentina and the United States soured under the South American country's former leader, Cristina Fernandez, who frequently railed against what she called bullying by greedy capitalist powers in her fight against U.S. creditors. Senator Marco Rubio, who has in the past opposed World Bank loans to Argentina over the country's unpaid debt,...

  • PARIS, Jan 22- International Monetary Fund managing director Christine Lagarde launched her campaign for a second term on Friday with ringing endorsements from a host of major economies- and a court case against her looming in her native France. The prime ministers of Britain and France backed her publicly on Thursday. I was honoured to receive from the start of...

  • PARIS, Jan 22- The managing director of the International Monetary Fund said on Friday she will run for a second term. I was honoured to receive from the start of the process the backing of France, Britain, Germany, China, Korea, "she told France 2 television in an interview from Davos. Lagarde has been accused of negligence over a payout of some 400 million euros to...

  • DAVOS, Switzerland, Jan 21- The International Monetary Fund said after a meeting between its Managing Director Christine Lagarde and Greek Prime Minister Alexis Tsipras that it stood ready to support Greece but only if it was granted "significant" debt relief by its European partners. "The managing director reiterated that the IMF stands ready to continue to...

  • BEIJING, Jan 21- China has the means to ward off a sharper slowdown in the economy, especially on the fiscal side, Fang Xinghai, vice chairman of China's Securities Regulatory Commission said on Thursday at a session at the World Economic Forum in Davos. "In China, we cannot afford to let the growth rate drop too sharply, because that will ignite a lot of financial...

  • BEIJING, Jan 21- International Monetary Fund chief Christine Lagarde on Thursday said China's structural reform will be a "massive undertaking". Responding to a question on the outlook for reform of China's state-owned enterprises, she said that despite the size of the challenge, she believed Beijing would deliver such reforms. She recounted how, at one point...

  • SHANGHAI, Jan 21- China's fragile stock markets ended sharply lower on Thursday as oil prices failed to sustain a bounce from 13- year lows and other Asian markets went into reverse. With tumbling oil prices indicative of slowing global growth, in which China plays a central part, the benchmark Shanghai Composite Index ended down 3.2 percent.

  • What is China's real trouble? Communicating Thursday, 21 Jan 2016 | 5:14 AM ET

    Chinese policymakers suffer from a "communication issue," causing market panic as investors guess their next move, according to panellists at Davos.

  • BEIJING, Jan 21- China's securities regulator said on Thursday that China will honour its commitment on reforms related to the International Monetary Fund's special drawing rights entry. Fang Xinghai, vice chairman of China Securities Regulatory Commission, made his comments at a session at the World Economic Forum in Davos, seen in a video feed monitored by...

  • BEIJING, Jan 21- International Monetary Fund chief Christine Lagarde on Thursday said China's structural reform will be a "massive undertaking". Largarde's comments were made at a session at the World Economic Forum in Davos, seen in a video feed monitored by Reuters. She added that she does not think China will actually complete the reform undertaking in line...

  • BEIJING, Jan 21- International Monetary Fund chief Christine Lagarde on Thursday said China should communicate better with its financial market. The remarks were made at a session at the World Economic Forum in Davos, seen in a video feed monitored by Reuters. Lagarde said China is "going through a list of transitions".

  • Who will replace Lagarde at the IMF? Wednesday, 20 Jan 2016 | 2:20 AM ET
    Who will replace Lagarde at the IMF?

    Tidjane Thiam, CEO of Credit Suisse, responds to rumors that he may be in line to replace Christine Lagarde as managing director of the International Monetary Fund.

  • LAGOS, Jan 19- Nigeria will start enforcing its stamp duties law on financial transactions across commercial banks, the central bank said on Tuesday- a bid to shore up non-oil revenue and plug shortfalls caused by the precipitous drop in global crude prices. Nigeria plans to spend about 6 trillion naira in 2016 with expected revenue of around 3.9 trillion naira,...

  • Its policy shift came days after International Monetary Fund head Christine Lagarde told Nigerian lawmakers that the IMF did not support foreign exchange restrictions. "You can now transfer foreign currency cash deposits made into your GT Bank domiciliary account via internet banking, Mobile App or at any of our branches nationwide, subject to a daily...

  • PARIS, Jan 13- The boss of France's biggest telecoms firm Orange has been ordered to appear before a special disciplinary tribunal next week in connection with a financial scandal while he was chief of staff to the country's finance minister. The hearing relates to a disputed government compensation payment to businessman Bernard Tapie in 2008 when Orange...

  • PARIS, Jan 12- Further interest rate hikes by the U.S. Federal Reserve should be gradual or they risk hurting already fragile emerging economies, where many companies borrow in dollars, the head of the International Monetary Fund said on Tuesday. Christine Lagarde said a tightening in U.S. monetary policy, which started last month with the first rate hike in a...

  • Slower, sustainable China growth positive: Lagarde Tuesday, 12 Jan 2016 | 9:27 AM ET
    IMF Managing Director Christine Lagarde.

    Slower but more sustainable, economic growth in China will benefit the world in the long-term, the head of the IMF said on Tuesday.

  • ABUJA, Jan 11- Nigeria's central bank is halting dollar sales to non-bank foreign exchange operators and letting commercial banks accept dollar deposits with immediate effect, its governor said on Monday, in an effort to shore up dwindling foreign reserves. Africa's biggest economy, an OPEC member state that depends on oil sales for about 95 percent of its...

  • LIBREVILLE, Jan 10- Gabon has signed agreements with the Development Bank of Central African States for loans on two major infrastructure projects totalling more than $200 million, the presidency said on Sunday. "This port must assert itself as a major actor in the primary sector of Gabon," read the presidency's statement. IMF chief Christine Lagarde was in...

  • YAOUNDE, Jan 8- Tighter public spending, economic diversification and greater regional trade are needed to spur growth in central Africa that has been hampered by plunging oil prices and security threats, the head of the International Monetary Fund said on Friday. Speaking in Cameroon during a regional tour, IMF managing director Christine Lagarde said...