Dominique Strauss-Kahn, the French erstwhile managing director of the International Monetary Fund, had not even resigned before Europeans started to coalesce around Christine Lagarde, the French finance minister, as his successor. Gone are past promises of an open selection. The Europeans insist on the principle that what we have we hold. The ancien régime survives.
The bad news just keeps coming for the euro, and it's taken a tumble in the last week. Here's how to trade it now.
Fitch became the second ratings agency to threaten Belgium with a credit downgrade on Monday, saying a lack of government undermined budget efforts in one of the euro zone's most indebted states.
John Lipsky, acting managing director of the International Monetary Fund, told CNBC Monday he will be retiring Aug. 31 when his term as first deputy ends.
Greece must avoid debt restructuring and implement the austerity measures it has promised to introduce in order to shrink its budget deficit, French Finance Minister Christine Lagarde told CNBC on Monday.
On last Friday's Money In Motion, I recommended a trade on the euro. Here's an update.
Few of us have ever had the chance to experience the charms of former-IMF head Dominque Strauss-Kahn. And this makes all the talk of his legendary diplomatic skills a bit abstract. What exactly does he do that makes him so effective?
The CEO of Europe's largest insurer by gross premiums and market capitalization has called for more aid for Greece and a plan to help the country's growth, according to German media reports.
French Finance Minister Christine Lagarde is the clear favorite to replace Dominique Strauss-Khan as the next boss of the International Monetary Fund.
The European Central Bank is facing a potential crisis of its own because of "skeleton" risks amounting to several hundreds of billions of euros on its balance sheet, Dow Jones reported quoting Der Spiegel magazine.
Looks like we can raise the "all clear" sign here on Earth, though it didn't seem like the Oklahoma City Thunder got the memo when they forgot to play the first third of Saturday night's NBA playoff game. Markets try to get their groove back, the IMF looks to announce its next leader and the Treasury Department gets ready to unload some AIG. Here's what we're watching…
Are you itching to try your hand at trading the euro, given all the news about sovereign debt risk and upheaval at the IMF?
On April 30, Anne Sinclair wrote about the wedding of Prince William: “We were like children who, before going to sleep, want a tale, a story with a princess and a dream, because real life catches up with you soon enough...” The New York Times reports.
Dominique Strauss-Kahn's resignation as chief of the IMF after a sex scandal has left the fund with the challenging task of finding his successor. Debate has raged over who should take over. While French finance minister has emerged as a favorite, many say the person should come from a developing country. Tell us what you think.
The week's top business news and investment advice, including LinkedIn's market debut, HP's forecast cut and the IMF sex scandal, with CNBC's Kayla Tausche.
CNBC's Mary Thompson reports former IMF chief, Dominique Strauss-Kahn to be released from prison later today and head to temporary housing in lower Manhattan.
The IMF said Friday it had put out incorrect information a day earlier about the pension benefits it will pay former managing director Dominique Strauss Kahn.
No matter how his legal case turns out, CNBC has learned that Dominique Strauss-Kahn will collect at least a quarter million dollars a year from the IMF in pension payouts for the rest of his life.
The IMF says it released inaccurate information yesterday regarding the terms of Strauss-Kahn's retirement deal, reports CNBC's Eamon Javers.
As the IMF gets ready to choose a successor to Dominique Strauss-Kahn, who resigned following his arrest on charges that he sexually assaulted and raped a hotel housekeeper, it would be a good thing to step back for a moment and ask: What should the IMF do?