Global economic activity should accelerate in 2015, Christine Lagarde said on Sunday, adding that the IMF did not expect a sharp slowdown in China.» Read More
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.
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."
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.
*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.
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.
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.
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.
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.
ATHENS, Oct 8- Here are news stories, press reports and events, which may affect Greek financial markets on Monday:. GERMANY SAYS MERKEL VISIT TO ATHENS DOES NOT MEAN AID FOR GREECE.
SINGAPORE, Oct 8- U.S. crude eased towards $89 a barrel on Monday, as concerns over the global economy and Europe's debt crisis offset support from an unexpected drop in U.S. unemployment.
RIYADH, Saudi Arabia-- The head of the International Monetary Fund said Saturday that the economies of the oil-rich countries of the Gulf Cooperation Council will continue to enjoy high growth rates, although at reduced rates.
*MSCI Asia ex- Japan steady, Nikkei up 1.2 pct. TOKYO, Oct 4- Asian shares steadied on Thursday while the dollar index stayed under pressure, leaving investors who worry about global growth awaiting fresh U.S. economic data and a European Central Bank policy meeting later in the day. The MSCI index of Asia-Pacific shares outside Japan.
PARIS, Oct 3- The International Monetary Fund stands ready to help Spain in multiple ways if Madrid seeks its aid, IMF chief Christine Lagarde said in a newspaper interview published on Wednesday.
CNBC's Steve Liesman breaks down the data on the IMF's forecast for global growth, including the downside risks from Europe's financial crisis and the U.S. "fiscal cliff."
In high-stakes deals on the Street, the side with the leverage usually demands "show me the money first, then we'll talk." But in the rarefied and much higher-stakes world of desperate sovereign borrowers and multilateral lenders of last resort like the International Monetary Fund, it's the other way around -- "show me the goods first, then you get the money." In the case of Greece, Christine Lagarde says "implementation must happen, more than lip-service."
The European Central Bank may “have room” to cut interest rates on Thursday’s meeting, but this is not necessarily the best way to deal with the euro zone debt crisis at the moment, Christine Lagarde, managing director of the International Monetary Fund, told CNBC.
Christine Lagarde, IMF managing director, offers insight on the escalating European borrowing costs and keeping interest rates low. "The best way to encourage the rates to go down is to restore confidence, so investors are pleased with the risks they are taking," she says.
Christine Lagarde, IMF managing director, provides perspective on the debt ceiling, the European economy, and the Spanish banks. "The debt ceiling risk is likely to materialize in early 2013," says Lagarde.