Laurence Brahm, Founder of the Himalayan Consensus Institute, discusses the emergence of a new financial framework that has spurred the integration of third world nations with its developed peers.» Read More
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The global economic outlook is worsening and the risk of contagion from a financial markets crisis that began in the United States is now very high, IMF chief Dominique Strauss-Kahn said on Monday.
China's economy is likely to grow around 10 percent this year despite a global slowdown stemming from the U.S. subprime mortgage crisis, Dominique Strauss-Kahn, managing director of the International Monetary Fund, said on Friday.
Want an illustration of why traders are nervous about how stable earnings forecasts are? New York State Governor Eliot Spitzer is lowering projections for tax revenue by $384 million, only three weeks after presenting his budget!
The new head of the International Monetary Fund plans to cut up to 15 percent of the organization's staff in an attempt to stabilize the fund's finances as demand for its loans drops, the Wall Street Journal reported on Friday.
The new head of the International Monetary Fund will "have his work cut out" due to the global credit crunch, one of his predecessors said on Saturday.
Turmoil in global credit and money markets will likely continue as investors worry about the size of financial losses and where they might appear, the International Monetary Fund warned Monday.
The U.S. economy will slow next year amid continued trouble in the housing market, likely leading to lower interest rates, a senior International Monetary Fund official said Wednesday.
Britain Tuesday endorsed former French Finance Minister Dominique Strauss-Kahn over a former Czech central banker to head the International Monetary Fund in a contest seen as likely to go to the Frenchman.
Russia nominated former Czech premier and central bank chief Josef Tosovsky on Wednesday to run the International Monetary Fund, but the Czech government immediately disowned his candidacy.
The head of the International Monetary Fund warned on Tuesday that global investment and growth prospects were at risk from a dramatic rise in private equity buy-outs and threats posed by financial globalization.
The European Union on Tuesday chose France's Dominique Strauss-Kahn to head the International Monetary Fund.
The IMF board will meet on Monday at the prompting of developing nations which want Europe and the United States to agree to throw open selection of a new managing director to candidates from around the globe, officials said on Friday.
International Monetary Fund Managing Director Rodrigo Rato said Thursday he would step down from his post in October for "personal reasons."
The International Monetary Fund said on Thursday that a rate hike by the Bank of Japan should be delayed until inflation expectations have recovered and the consumer price trend is firmly rising.
Venezuela will withdraw from the Washington-based lending organizations, the IMF and World Bank, in a symbolic move that distances leftist President Hugo Chavez from much of the international economic community.
The World Bank's board on Friday ordered an ad hoc group to discuss the fate of President Paul Wolfowitz, whose leadership has been thrown into turmoil by revelations that he helped his girlfriend get a high-paying job.
The International Monetary Fund (IMF) is "meddling" in China's affairs by saying the country needs a more flexible exchange rate policy, a state newspaper said in an editorial on Tuesday.
The world economy is set to grow strongly in 2007, especially in Europe and emerging Asia, International Monetary Fund Managing Director Rodrigo Rato was quoted on Monday as saying.