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CNBC's correspondent, Stephane Pedrazzi, reports from Paris where IMF chief Christine Lagarde is being questioned for a role in a dispute when she was French finance minister in 2007.
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Stocks rose for a third straight day Thursday as an encouraging manufacturing report helped fuel investor optimism about the recovery.
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Stocks rebounded off a weak open Thursday after a report showed manufacturing in the Philadelphia region improved in February.
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Stock index futures slipped after higher readings in weekly jobless claims and inflation pointed to more headwinds for the economic recovery.
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Resolving the Greek debt mess is about more than the financial crisis and fiscal responsibility, say experts. It's also about keeping Europe together.
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The European Union is wrestling with complex political considerations as much as economic ones that are likely to play a pivotal role in the timing and shape of any aid package to resolve the Greek debt crisis, experts say.
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As financial markets panic about the risks to the euro from laxer governments in southern Europe, the northern Baltic states are already in tight fiscal bandages as they experience Europe's most severe recession.
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I’m trying hard to remain optimistic about economic recovery here in America — and for that matter, around the world.
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Apparently, the Greek government has called in the big hitters to help them with their fiscal dilemma.
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The rise in Greek yields is a clear warning markets are in the mood to 'punish any country that takes creditors for granted. '
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Whether he likes it or not, Jean-Claude Trichet is not just the president of the European Central Bank. Mr. Trichet, 67, is also the de facto president of Europe, at least for the 16 nations that rely on the euro as their common currency.
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Icelandic pleas for further aid met with a cool response on Thursday as the IMF suggested its hands may be tied by an Anglo-Dutch debt impasse and Sweden signaled no immediate funds were on the way.
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Latvia's economy shed 19 percent of its value in the third quarter compared with a year earlier, the country's statistics agency said Wednesday, highlighting the woes in the European Union's worst economy.
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Stocks posted modest gains Wednesday, but it was enough to propel the Dow and S&P to new 13-month closing highs, as economic data buoyed recovery hopes.
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Stocks clawed higher Wednesday after a report showed new-home sales rose more than expected.
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Stocks clawed higher Wednesday after a report showed new-home sales rose more than expected.
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US stock index futures climbed further Wednesday after a batch of data signaling that the US economy was building on strength but also that the recovery would be gradual.
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The crisis is not over as unemployment is likely to continue rising for the next 10 to 11 months, Dominique Strauss-Kahn, managing director of the IMF, told CNBC Thursday.
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The International Monetary Fund and the EU have pumped billions of euros in Central and Eastern European countries, but their economies are still suffering.
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The International Monetary Fund's executive board on Friday was discussing selling some of the fund's gold to provide low-interest loans to poor countries and shore up its internal finances.
