Dilma Rousseff of Brazil announced Friday that she was cutting her salary by 10%, reducing the size of her cabinet and slashing thousands of coveted jobs, the NYT reports.» Read More
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.
Whatever the outcome of the accusations of rape made against Dominique Strauss Kahn at the weekend, Marine Le Pen leader of France’s Front National was almost certainly right when she said that it marks the end of his campaign — or pre campaign — for the French Presidency.
The Queen visits Ireland Tuesday in what will be the first state visit there by a UK monarch since her Grandfather, George V, visited the then UK colony in 1911, but the event is clouded by threats from Irish dissidents.
Following huge losses for the Russian market in 2008, investors have eyed stocks in Moscow skeptically and refused to give them the same rating as those in other BRIC members, Brazil, India and China according to Roland Nash, the chief investment strategist at Verno Capital.
Earlier today, I had the pleasure of interviewing former Speaker and now House Democratic leader, Nancy Pelosi. We’ve had several interviews down through the years. And while we’ve disagreed on a number of topics, I do have enormous personal respect for her.
Dominique Strauss-Kahn may be in trouble, but it's not going to dent the euro, these experts say.
If you're not talking about the head of the IMF today, then the only thing left really is the debt ceiling, which we officially reached today. While estimates are that it will take until August for the US to actually default on its debt obligations, the concern in the short term is how Wall Street sees the situation and how that will be reflected in the bond market and in mortgage interest rates.