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Christine Lagarde

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  • CANADA STOCKS-TSX rises on U.S. data, IMF chief's remarks Thursday, 11 Oct 2012 | 10:56 AM ET

    TORONTO, Oct 11- Canada's main stock index rose on Thursday after encouraging U.S. employment data and comments from the IMF that were seen were seen supporting stability in the euro zone. rose 1.7 percent to C $41.22, Canadian Natural Resources. 1 percent to C $30.09 and Teck Resources.

  • UPDATE 4-Rating cut piles pressure on Spain to seek aid Thursday, 11 Oct 2012 | 10:40 AM ET

    *Spain banks' dependence on ECB continues. *Econ Sec says Spain still considering aid request. MADRID, Oct 11- Spain faced renewed pressure to take the politically humiliating step of seeking sovereign aid on Thursday after a credit agency cut its rating for the government's debt to near junk.

  • Greece's biggest firm leaves, jobless rate soars Thursday, 11 Oct 2012 | 10:39 AM ET

    *Greece's biggest company, bottler CCH, quits for Switzerland. ATHENS, Oct 11- Greece's jobless rate topped 25 percent and its biggest company said it would quit the country on Thursday in a fresh blow to an economy that German experts warned cannot be "saved" without writing off more debt.

  • Stocks head higher, despite Europe worries Thursday, 11 Oct 2012 | 10:04 AM ET

    NEW YORK-- One piece of good news on jobs was enough Thursday on Wall Street. That one piece of good news was enough to help traders forget about a drumbeat of worrisome developments, like a widening U.S. trade deficit, higher unemployment in Greece and a ratings cut for Spain. `.

  • BEIJING/ TOKYO, Oct 11- China's foreign minister on Thursday defended the withdrawal of its senior delegates from the International Monetary Fund meeting in Tokyo as "completely appropriate" although the head of the multilateral organisation said they would "lose out".

  • UPDATE 3-Rating cut piles pressure on Spain to seek aid Thursday, 11 Oct 2012 | 8:03 AM ET

    *Spain banks' dependence on ECB continues. *Econ Sec says Spain still considering aid request. MADRID, Oct 11- Spain faced renewed pressure to take the politically humiliating step of seeking sovereign aid on Thursday after a credit agency cut its rating to near junk, triggering a spike in its borrowing costs.

  • Spanish bailout dilemma sharpens Thursday, 11 Oct 2012 | 7:45 AM ET

    Though S&P's warning may nudge the Spanish government to make a bailout request sooner rather than later, rival agency Moody's has indicated it may cut its rating for Spain in the event of a bailout request. "It would appear that when it comes to the rating Spain is a bit between a rock and a hard place," said Gary Jenkins, managing director of Swordfish Research.

  • UPDATE 2-Rating cut piles pressure on Spain to seek aid Thursday, 11 Oct 2012 | 6:10 AM ET

    *Spain banks' dependence on ECB continues. *Econ Sec says Spain still considering aid request. MADRID, Oct 11- Spain faced renewed pressure to take the politically humiliating step of seeking sovereign aid on Thursday after a credit agency cut its rating to near junk, triggering a spike in its borrowing costs.

  • Greek unemployment rises above 25 percent Thursday, 11 Oct 2012 | 5:33 AM ET

    ATHENS, Greece-- Unemployment in Greece hit a record high of 25.1 percent in July as the country's financial crisis continues to exact its heavy toll, official figures showed Thursday. All indications are that unemployment in Greece will continue to rise.

  • U.S. stock futures signal flat to higher Wall St open Thursday, 11 Oct 2012 | 4:25 AM ET

    LONDON, Oct 11-* U.S. stock index futures pointed to a flat to higher open on Wall Street on Thursday, with futures for the S&P 500 rising 0.2 percent, the Dow Jones trading flat and the Nasdaq 100 gaining 0.3 percent.

  • Geithner: US economy growing despite headwinds Thursday, 11 Oct 2012 | 3:22 AM ET

    Treasury Secretary Timothy Geithner said Thursday that financial reforms and other actions in response to the global crisis are yielding results, helping the U.S. economy to grow at a pace better than there was reason to expect.

  • Spanish bailout dilemma gets more acute Thursday, 11 Oct 2012 | 3:17 AM ET

    As well as citing the deepening economic recession in Spain and rising levels of social discontent, the agency said the government's hesitation in requesting help was "potentially raising the risks to Spain's rating."

  • GREECE - Factors to Watch on October 11 Thursday, 11 Oct 2012 | 3:11 AM ET

    IMF SAYS GREECE, SPAIN SHOULD BE GIVEN MORE TIME TO CUT DEFICITS. International Monetary Fund Managing Director Christine Lagarde on Thursday said struggling European countries such as Greece and Spain should be given more time to reduce their budget gaps. Swiss retailer Dufry is to buy the duty-free operations of Greek rival Folli Follie.

  • WRAPUP 2-IMF calls for action as euro zone crisis festers Wednesday, 10 Oct 2012 | 10:45 PM ET

    *S&P downgrades Spain; Brazil and South Korea cut rates. TOKYO, Oct 11- The IMF prodded the world's rich countries for swifter action on Thursday as Europe's debt crisis drags on while the United States and Japan show scant progress handling their budget deficits.

  • IMF chief urges action in tackling euro crisis Wednesday, 10 Oct 2012 | 10:11 PM ET

    TOKYO-- The head of the International Monetary Fund on Thursday called for urgent action to tackle Europe's debt problems and an approaching fiscal crisis in the U.S., warning that the struggling world economy is already falling short of even pessimistic expectations.

  • WRAPUP 1-IMF calls for action as euro zone crisis festers Wednesday, 10 Oct 2012 | 9:08 PM ET

    TOKYO, Oct 11- The IMF prodded the world's rich countries for swifter action on Thursday as Europe's debt crisis drags on while the United States and Japan show scant progress handling their budget deficits.

  • *Euro zone, IMF hold "robust" debate on next steps on Greece. *Germany, others say Spain does not need financial help* No progress on Greece likely until troika report completed* Permanent, 500 bln euro rescue fund formally inaugurated.

  • LUXEMBOURG, Oct 8- Euro zone finance ministers met in Luxembourg on Monday to discuss Spain, Greece, Portugal and other issues related to the region's debt crisis, including what needs to be done to establish a single supervisory authority for euro zone banks. FRENCH FINANCE MINISTER PIERRE MOSCOVICI On Greece.

  • Eurogroup chief: Lenders, Greece should agree soon Monday, 8 Oct 2012 | 5:34 PM ET

    LUXEMBOURG-- Greece and its international lenders need to agree quickly on a program of reforms so the next tranche of bailout loans can be released, the head of the group finance ministers from the 17 countries that use the euro said Monday.

  • Greece making progress, more needed - IMF's Lagarde Monday, 8 Oct 2012 | 5:33 PM ET

    LUXEMBOURG, Oct 8- Euro zone finance ministers met in Luxembourg on Monday to discuss Greece, Spain, Portugal and other issues related to the region's debt crisis.