International Monetary Fund
Britain on brink of 'triple dip' recession
Jan 25, 2013 12:18 EST
Britain's economy shrank 0.3 percent in the final quarter of 2012 and recorded zero growth for the year as a whole, official data revealed on Friday, placing the country on the brink of a "triple dip" recession.
UK economy contracted 0.3% in fourth quarter: data
Jan 25, 2013 06:06 EST
Britain's economy shrank 0.3 percent in the final quarter of 2012, a year in which it recorded zero growth, official data revealed on Friday, placing the country on the brink of yet another recession.
IMF calls on Britain to ease austerity drive
Jan 24, 2013 15:55 EST
The IMF's chief economist, Olivier Blanchard, urged Britain on Thursday to lessen the pace of its austerity programme because of the risk it may fall back into recession this year.
Strauss-Kahn meets call girl ... in court
Jan 24, 2013 14:38 EST
Disgraced former IMF boss Dominique Strauss-Kahn came face-to-face with a call girl on Thursday in the latest stage of a probe into charges that he procured prostitutes for sex parties.
Chancellor of the Exchequer rejects IMF call to ease austerity
Jan 24, 2013 13:09 EST
British Chancellor of the Exchequer George Osborne on Thursday rejected suggestions by the International Monetary Fund that he should lessen the pace of his government's austerity programme.
European stocks and euro gain, Apple plummets in NY
Jan 24, 2013 12:34 EST
European stock markets climbed on Thursday and the euro gained against the dollar as traders welcomed positive economic data from China, the eurozone and the US, though Apple shares crumbled in midday trading on Wall Street.
Greek ex-minister rapped over Swiss account
Jan 24, 2013 07:49 EST
A former Greek socialist minister can be prosecuted for failing to declare a Swiss bank account, a case related to a broader tax scandal plaguing the government, lawmakers have decided.
Strauss-Kahn due for questioning over pimping charges
Jan 24, 2013 07:39 EST
French investigators were due Thursday to question Dominique Strauss-Kahn as part of their probe into allegations that the disgraced former IMF chief procured prostitutes for sex parties.
Global elite to confront British PM on Europe plan
Jan 24, 2013 03:55 EST
British Prime Minister David Cameron faced a frosty reception from the global elite at the annual Davos meeting on Thursday after his vow to hold a referendum on Britain's membership of the EU.
Global elite to confront PM on EU plan
Jan 24, 2013 03:13 EST
Prime Minister David Cameron faces a frosty reception from the global elite at the annual Davos meeting on Thursday after his vow to hold a referendum on Britain's membership of the EU.
Global elite to confront British PM on EU plan
Jan 23, 2013 23:01 EST
British Prime Minister David Cameron faces a frosty reception from the global elite at the annual Davos meeting on Thursday after his vow to hold a referendum on Britain's membership of the EU.
Portugal makes early return to debt market
Jan 23, 2013 16:02 EST
Portugal launched on Wednesday its first medium-term debt issue since it received an international bailout in May 2011, making the critical step of returning to the borrowing markets much quicker than expected.
Global elite cautiously optimistic as Davos opens
Jan 23, 2013 15:30 EST
The world's top politicians and business leaders opened their annual Davos meeting on Wednesday, hoping they might finally have seen the back of a crippling global economic crisis.
Africa moving beyond 'risky' reputation, leaders tell Davos
Jan 23, 2013 14:48 EST
With growth rates to rival Asia and vast untapped potential, Africa has moved beyond its reputation as a risky place to do business, leaders from the continent said on Wednesday.
IMF trims global growth forecast, citing eurozone
Jan 23, 2013 13:39 EST
The global economy will grow slightly less in 2013 than was expected, held back by a weak eurozone that will stay mired in recession a second straight year, the IMF predicted Wednesday.
Cautious optimism as global elite gather in Davos
Jan 23, 2013 09:38 EST
The world's political and business elite kicked off their annual Davos meeting on Wednesday in a spirit of guarded optimism that the worst of the financial crisis might finally be over.
World elite gather in Davos amid cautious optimism
Jan 23, 2013 03:39 EST
The world's political and business elite gathered in the snow-covered resort of Davos on Wednesday, aiming to instil some confidence in the global economy amid tentative signs of recovery.
World elite gathers in Davos amid cautious optimism
Jan 23, 2013 00:12 EST
The world's political and business elite gather in the snow-covered resort of Davos from Wednesday, aiming to instil some confidence in the global economy amid tentative signs of recovery.
Portugal and Ireland ask eurozone to extend rescue loan dates
Jan 22, 2013 13:41 EST
Portugal and Ireland have received the support of eurozone finance ministers to extend the life of bailout loans to help them to borrow normally, Irish Finance Minister Michael Noonan said on Tuesday.
Bundesbank chief warns of threat to central bank independence
Jan 21, 2013 15:56 EST
Bundesbank chief Jens Weidmann expressed concern Monday about threats to the independence of central banks, particularly in Japan and Hungary, which he warned could sharply politicise exchange rate policy.
