NEW YORK, May 21- Stock markets around the world edged higher on Tuesday amid signs of improving growth, even though questions about monetary policy limited gains. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the economy.» Read More
International Monetary Fund staff have provoked a fierce dispute with eurozone authorities by circulating estimates showing serious damage to European banks’ balance sheets from their holdings of troubled eurozone sovereign debt. the FT reports.
Some European financial institutions should have taken bigger losses on their Greek government bond holdings in recent results announcements, according to the body that sets their accounting rules in a letter seen by the FT.
The world could be heading into another fully fledged credit crisis, according to Satyait Das, the author of Extreme Money: Masters of the Universe and the Cult of Risk.
The sun has set on Europe. And not a moment too soon. If not for the close of markets today, things might have become even uglier.
Dominique Strauss-Kahn's resignation following a sex scandal triggered worldwide discussion about who will get the top position in the Washington-based organization. Click to see the former heads of the IMF.
Trade unions remain a fearsome political and economic force around the world, able to mobilize large numbers of warm bodies to man picket lines and pressure politicians.
Stone-throwing Greeks clashed with police and protesters marched on parliament to oppose government efforts to pass new austerity measures for the debt-stricken euro zone state.
Global investors have followed every twist in the ongoing debt crisis engulfing the euro zone. See what countries have the most indebted governments, and how their economies are faring.
Plot sovereign creditworthiness on the X-Axis—and aggregate bank credit worthiness on the Y-Axis—and what do you get?