SAO PAULO, Dec 18- Brazilian President Dilma Rousseff, dogged by a multibillion-dollar corruption scandal at state-run oil company Petrobras, vowed on Thursday to stamp out graft at the flagship firm and place it under strict corporate governance. In a speech in the capital, Brasilia, Rousseff urged Brazilians not to lose faith in the vital oil producer,...» Read More
Gene Simmons voted for Barack Obama, but thinks Donald Trump makes more sense. Better yet, the rocker/entrepreneur suggests we make him "benevolent dictator" for six months and he'd cut $7 trillion in debt. Unions, watch out.
While it’s a great idea to engage the one group responsible for systemic risk on the biggest systemic risk looming (the debt crisis), but the fact the FSOC hasn’t already addressed it means they are already behind the curve in what they are supposed to be doing.
On paper Kemal Dervis would seem to be the perfect candidate to succeed Dominique Strauss-Kahn as leader of the International Monetary Fund. The New York Times reports.
As the IMF gets ready to choose a successor to Dominique Strauss-Kahn, who resigned following his arrest on charges that he sexually assaulted and raped a hotel housekeeper, it would be a good thing to step back for a moment and ask: What should the IMF do?
Fighting inflation in times when commodity prices increase is part of the future challenges the European Central Bank (ECB) will have to face, Gertrude Tumpel-Gugerell, executive board member of the ECB, said in an exclusive interview with CNBC Friday.
Mahmoud Ahmadinejad could chair the June meeting of the Organisation of Petroleum Exporting Countries, giving the Iranian president a platform and an opportunity for the country to force a way out of its growing isolation.
Professionals working in the City of London mull changing employers this year, with more than half saying they definitely intend to find a new employer this year, according to a recent survey, while another survey showed finance professionals among the top earners.
With slow job growth, anemic economic growth at 1.8%, and a looming debt crisis, the United States is searching for answers. One of the solutions offered is individual and corporate tax reform.
Japan's in a recession, IMF leadership's in play, and the Brazilian real is on a rolll. Time for your daily FX Fix.
The recent rally for the dollar will not last and should be used as a chance to short the greenback as America’s geopolitical influence ebbs away, according to David Murrin, a hedge fund manager and author of Breaking the Code of History
The French finance minister, Christine Lagarde, was on a panel at the World Economic Forum in Davos this January when her usual smile turned into a frown. Next to her, Robert E. Diamond Jr., chief executive of Barclays and one of the most powerful bankers in the world, thanked regulators and finance ministers for their role in shaping a better environment after the financial crisis.
German Chancellor Angela Merkel reiterated on Thursday that she wanted a European to become the next IMF chief and that Dominique Strauss-Kahn's exit before the end of his term was an argument in favour of such a move.
Are Dominique Strauss-Kahn's troubles creating a buying opportunity? This pro says yes.
This debt ceiling deal is going to be a tough slog. But I want to quote House Republican Majority Leader Eric Cantor, who told me on "The Call" Tuesday, there's an air of willingness” in the debt talks with Vice President Biden.
The troubled U.S. healthcare industry, recently a problem for Democrats facing voter anger over President Barack Obama's overhaul law, is now plaguing Republicans hoping to take the White House in 2012.
The sight of Dominique Strauss-Kahn, managing director of the International Monetary Fund and prospective candidate for the French presidency, doing the "perp walk" was stupefying. If the charges are true, this capable man is a lunatic. But, unless the case collapses, the event will cast a long shadow, according to the FT.
In a possible setback to Dominique Strauss-Kahn's defense, the IMF said in a statement that its managing director will not enjoy diplomatic immunity in the sexual assault case against him.
House Majority Leader Eric Cantor said there may be hope Democrats and Republicans can come up with a deficit-reduction plan after hearing Minority Leader Nancy Pelosi say everything is on the table.
Holders of US government debt would be willing to miss payments "for a day or two or three or four" if it put the US in a stronger position to pay them later on, Rep. Paul Ryan told CNBC Tuesday.
The gravitas that the IMF needs to hold when walking into a nation's finance ministry or central bank and demand sacrifice for the social good is diminished by the allegations regarding the personal conduct of its managing director, according to Carl Weinberg, the chief economist at Capital Economics.