As the wrangling in Washington continues, Christine Lagarde, managing director of the IMF tells NBC why she's worried about the threat of a U.S default.» Read More
FRANKFURT, Nov 27- The woman set to police Europe's banks has spent much of her 40- year career rising through the ranks of French financial supervision, once a bastion of male domination.
WASHINGTON, Nov 11- The International Monetary Fund plans to conduct a regular assessment of Iran's economy early next year, the first time in over two years, Fund staff said after a visit to the country. Sanctions targeted at Iran's disputed nuclear program have hurt trade and largely frozen Iran out of the international banking system since late 2011..
WASHINGTON, Nov 10- Argentina has made "positive progress" in reforming the quality of its economic data, the head of the International Monetary Fund said on Sunday, adding that the IMF's board is set to review the country's moves in a few days.
KUWAIT, Nov 10- Kuwait's government plans to form a special committee to review subsidies on goods and services which are costing the Gulf Arab state more than 4.5 billion dinars a year, daily al-Qabas reported on Sunday, citing government sources.
PARIS, Nov 8- The world economy is recovering but at a pace too slow to create jobs, International Monetary Fund Managing Director Christine Lagarde said on Friday.
*Investors eye Iran nuclear talks. U.S. Senate leaders said they were nearing a deal to end the government shutdown, which began on Oct. 1, and to raise the U.S. debt limit.
The U.S. Senate leader said he hopes to have a fiscal plan ready to show President Obama at 3 p.m. EDT on Monday after weekend talks showed some signs of progress. "We're trading back and forth on the changing perceptions of what is happening in D.C. at this point," said Gene McGillian, oil analyst with Tradition Energy in Stamford, Connecticut.
*Unexpected drop in exports from China weigh on global equities. *Expedia shares plunge after Deutsche Bank downgrade.
*Unexpected drop in exports from China weigh on global equities. NEW YORK, Oct 14- Wall Street was set for a lower open on Monday, focused on events in Washington after weekend talks between Republicans and Democrats showed some progress but left alive the risk of a possible U.S. default in three days, pressuring stocks.
*Unexpected drop in exports from China weigh on global equities. Senate Majority Leader Harry Reid and Republican leader Mitch McConnell held talks that Reid later called "substantive." Both the Senate and House are scheduled to be in session on Monday, even though it is the Columbus Day federal holiday.
*Unexpected drop in exports from China weigh on global equities. NEW YORK, Oct 14- U.S. stock index futures fell on Monday as continuous gridlock in Washington was likely to resume selling pressure in equities as there were no guarantees the federal government shutdown was about to end or that a historic debt default would be avoided.
*China's copper imports jump 18 pct in September. *Copper down more than 9 pct in year to date. LONDON, Oct 14- Copper prices edged up on Monday as strong imports of the metal from top consumer China boosted optimism about the outlook for demand, but further gains were capped by concerns about a fiscal impasse in the United States.
WASHINGTON, Oct 12- Central banks of advanced economies must try to limit collateral damage to emerging markets when the time comes to tighten monetary policy, the International Monetary Fund's steering panel said on Saturday.
At a separate briefing on Thursday, Nemat Shafik, deputy managing director at the IMF, suggested the IMF would be open to a joint Egypt program with Gulf countries, which have already stepped in with billions of dollars in aid.
LONDON, Oct 10- Governments are failing to deal with rising fossil fuel prices, preferring price caps to win votes and shield industry over efficiency measures which energy agencies say are better value for money. Energy subsidies have risen year on year since 2008, to $480 billion annually in 2011, according to International Monetary Fund figures.
WASHINGTON, Oct 8- The world's finance ministers should focus on two elements to tackle climate change: setting the "right price" on carbon emissions and phasing out fossil fuel subsidies, International Monetary Fund chief Christine Lagarde said on Tuesday.
Wall Street briefly extended its losses and the dollar dropped on reports that gunshots were fired at the U.S. Capitol, but the moves were reversed after news that the shots were fired outside the building. Treasury Secretary Jack Lew has said the United States will exhaust its $16.7 trillion borrowing authority no later than Oct. 17.
WASHINGTON, Oct 3- Top officials of U.S. and international financial institutions ramped up warnings on Thursday that failure to raise the U.S. debt ceiling to prevent the world's largest economy from defaulting would deal a serious blow worldwide.
NEW YORK, Oct 3- Stock markets worldwide lost ground on Thursday and the dollar hit an eight-month low as worries grew that the budget standoff in Washington would drag on and become intertwined with the looming and more complex fight over the need to raise the U.S. borrowing limit.
NEW YORK, Oct 3- Stock markets worldwide lost ground on Thursday while the dollar dropped to an eight-month low as worries grew the budget standoff in Washington would merge with a looming more complex fight over the U.S. borrowing limit.