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September 8, 2008 1:02:37 PM CDT

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Stories related to: IMF

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12 Stories

  • April 2008

    • G-7 Leaders Offer No Fix for Credit Crisis

      Wall Street Journal  |  Apr 14, 08 7:31 AM CDT

      G-7 Leaders Offer No Fix for Credit Crisis

      (Newser) - Group of Seven finance ministers ended 3 days of meetings in Washington yesterday by endorsing a plan to create greater transparency and oversight in financial markets to avert future crises, but no emergency measures to stem the current one. Despite a downbeat report on the likelihood of worldwide recession, and even hunger riots as the cost of food continues to soar, responses to the credit crisis remain national responsibilities, writes the Wall Street Journal . More »

      Tags

      recession  • credit crisis  • World Bank  • hunger  • IMF  • Dominique Strauss Kahn  • hunger riots  • Group of Seven

    • US Recession Will Slow World Economy: IMF

      BBC  |  Apr 9, 08 5:51 PM CDT

      US Recession Will Slow World Economy: IMF

      (Newser) - The International Monetary Fund says world economic growth will slow drastically in the next two years. In its new report, the IMF states that the world downturn will be led by the US, which will slip into a "mild recession" this year, the BBC notes. The report calls the current crisis "the largest financial shock since the Great Depression." More »

      Tags

      recession  • credit crisis  • economy  • IMF

    • IMF OKs $11B Gold Sale

      Financial Times (UK)  |  Apr 8, 08 2:40 AM CDT

      IMF OKs $11B Gold Sale

      (Newser) - The International Monetary Fund has approved the sale of 400 tons of gold from its massive reserves for an expected $11 billion, the Financial Times reports. The global lender also plans to slash up to 15% of its workforce to improve its finances, which have been hit by falling demand for emergency loans. The IMF is aiming to move away from lending to take on a more advisory role. More »

      Tags

      banking  • global economy  • gold  • IMF  • gold prices

    • Going Greener Won't Cut Much* Into Bottom Line: Study

      Wall Street Journal  |  Apr 3, 08 7:54 PM CDT

      Going Greener Won't Cut Much* Into Bottom Line: Study

      (Newser) - Cutting greenhouse-gas emissions will put a dent in the world's bottom line, but the damage could be minimal with the right economic policies, the International Monetary Fund forecasts. A 60% reduction of 2002 emission levels will reduce global growth by 2.6% come 2040, but the world's economy would still double in size, the Wall Street Journal reports. More »

    • Slow Day Sees Modest Losses

      Wall Street Journal  |  Apr 2, 08 3:48 PM CDT

      Slow Day Sees Modest Losses

      (Newser) - The markets slid into negative territory after Ben Bernanke's Congressional testimony on the state of the economy today, but trading was generally low-key. "Flat is good," an economist told the Wall Street Journal . "People are getting their nerve back." The Dow ended down 45.44 at 12,608.92, the Nasdaq down 1.35 at 2,361.40, and the S&P 500 down 2.65 at 1,367.53. More »

      Tags

      stock market  • Ben Bernanke  • Merck  • International Monetary Fund  • Best Buy  • IMF

  • March 2008
  • January 2008

    • World Money Chief Calls for Global Action

      Financial Times (UK)  |  Jan 28, 08 10:55 AM CST

      World Money Chief Calls for Global Action

      (Newser) - With a global recession looming, the head of the IMF has warned bankers meeting in Davos, Switzerland, that lower interest rates alone won’t avert a crisis, the Financial Times reports. Dominique Strauss-Kahn called on governments to follow the US in easing fiscal policies, reversing a quarter-century of emphasis on tight spending. IMF forecasts due this week show a “serious slowdown” globally, he said. More »

    • Bomb Threat Closes World Bank

      Reuters  |  Jan 17, 08 10:39 PM CST

      Bomb Threat Closes World Bank

      (Newser) - The Washington headquarters of the World Bank will be closed for business Friday as it investigates a bomb threat, Reuters reports. "The bank is working with law enforcement officials to determine the validity of the threat," said a statement from the bank. Few other details were released. The international lending institution is located about a block away from the White House. More »

      Tags

      Washington DC  • World Bank  • IMF  • bomb threat

  • September 2007

    • Stocks Down, Led by Financials

      Bloomberg  |  Sep 24, 07 3:44 PM CDT

      Stocks Down, Led by Financials

      (Newser) - The stock market took a dip today after an IMF report predicted that credit markets may not “normalize" soon and will slow global economic growth. Financial and energy companies helped pull the Dow down 61.13 points to 13,759.06. Citigroup, Bank of America and JPMorgan Chase all fell, Bloomberg reports; Exxon Mobil, the world's biggest oil producer, led the sector to the loss column after crude prices dropped for the second day. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • General Motors  • Citigroup  • JPMorgan Chase  • Bank of America  • ExxonMobil  • IMF

  • August 2007

    • Snubbing the West, Bolivia Waxes Red

      Washington Post  |  Aug 3, 07 10:18 AM CDT

      Snubbing the West, Bolivia Waxes Red

      (Newser) - Bolivia’s populist president is traveling his country handing out aid—straight from his anti-American neighbor Hugo Chávez. The Washington Post reports that Evo Morales has been taking more than a cue from Chávez, using the Venezuelan leader's cash to fund social welfare programs and build clinics and schools, while balking at the investment in private enterprise favored by the West. More »

      Tags

      inflation  • Venezuela  • Hugo Chavez  • World Bank  • IMF  • South America  • Bolivia  • nationalization

  • July 2007

    • EU Supports French Socialist to Head IMF

      Times (UK)  |  Jul 10, 07 6:34 PM CDT

      EU Supports French Socialist to Head IMF

      (Newser) - A former French finance minister has the inside track to become the next chief of the IMF. EU finance ministers meeting in Brussels today settled on Dominique Strauss-Kahn, a Socialist who served in the cabinet of Francois Mitterrand. The choice was another coup for Nicolas Sarkozy, who managed at once to remove a political rival and place a Frenchman at the helm of the IMF. More »

  • May 2007

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