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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: IMF

IMF stories: 37 news summaries

21 - 37 of 37 Stories | << Prev 1 2

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 Hungary Gets $6.7B Loan 
 to Avert Meltdown 

Budapest secures huge loan to prevent default à la Iceland

Oct 17, 08 8:33 AM CDT
(Newser) - The Hungarian government secured a $6.7-billion loan yesterday from the European Central Bank in an attempt to stave off an Icelandic-style national meltdown. The EU newcomer's troubles derive from loans denominated in euros or Swiss francs, rather than the softer Hungarian forint. Frozen credit markets have left Hungary's government... More »

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Eastern Europe • IMF • Hungary • credit market • default • mortgage defaults • financial crisis • Hungarian forint

(Newser) - President Bush and his allies tried to steady plunging markets today after meeting in Washington, but proposed no new plan, Reuters reports. International Monetary Fund chief Dominique Strauss-Kahn warned that the global economy was facing "systemic meltdown," but backed the G7's as yet undefined rescue plan, saying it... More »

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IMF • Dominique Strauss Kahn • bailout • George W. Bush • Group of Seven • financial crisis

Opinion

Global Economy Needs Shelter From the Storm

Think of it as a bankruptcy; with help, it can recover and thrive

Oct 9, 08 11:28 AM CDT
(Newser) - The global economy is in such chaos that it needs the equivalent of bankruptcy protection, David Ignatius writes in the Washington Post. "Bankruptcy, if properly managed, is a workout process that provides a pathway back to solvency," he argues. "Companies often reemerge from bankruptcy healthier than before;... More »

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Ben Bernanke • Federal Reserve • Henry Paulson • IMF • global economy • credit market chaos • financial crisis

 Iceland Shuts 
 Stock Market, 
 Nationalizes 
 No. 1 Bank 

Overexposed Nordic nation sinks deeper into financial crisis

Oct 9, 08 6:09 AM CDT
(Newser) - Iceland shut down its stock exchange today due to "unusual market conditions" and will keep it closed until Monday, the AP reports. The move came just hours after the Icelandic government nationalized Kaupthing, the nation's largest bank and the third to come into public ownership. An IMF delegation... More »

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stock market • bankruptcy • nationalization • IMF • Iceland • financial crisis • Geir Haarde • Kaupthing

IMF to US: Do Something NOW

Monetary fund chief pressures Congress to pass bailout, Europe to make plans

Oct 1, 08 7:30 AM CDT
(Newser) - The US must act swiftly to avoid economic meltdown and Europe's banks need to be ready with emergency plans of their own, IMF's managing director warns. European and Asian markets have bounced back on the prospects of a revived US bailout deal, but JP Morgan analysts warned yesterday that Europe's... More »

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financial markets • IMF • central bank • European markets • Dominique Strauss Kahn • bailout • financial crisis

G-7 Leaders Offer No Fix for Credit Crisis

Ministers endorse more transparency, but not coordinated action

Apr 14, 08 7:31 AM CDT
(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... More »

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

US Recession Will Slow World Economy: IMF

Financial crisis
worst since Great Depression, body says

Apr 9, 08 5:51 PM CDT
(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... More »

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recession • IMF • credit crisis • economy • financial crisis

 IMF OKs $11B Gold Sale 

Global lender will also cut staff, change biz model

Apr 8, 08 2:40 AM CDT
(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... More »

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IMF • global economy • gold • banking • gold prices

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

*If governments are smart with policies

Apr 3, 08 7:54 PM CDT
(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... More »

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China • energy • greenhouse gases • India • global warming • cap and trade • carbon trading • International Monetary Fund • IMF • clean energy

MARKETS

 Slow Day Sees Modest Losses 

Stocks end mostly lower after Bernanke testimony

Apr 2, 08 3:48 PM CDT
(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... More »

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

Fed 'Will Get on Top of This,' Says Bernanke Mentor

Scope 'far exceeds'
that of previous crises

Mar 18, 08 10:35 AM CDT
(Newser) - Ben Bernanke has the savvy to inject enough liquidity into the US economy to push it through the current credit crisis, says a leading economist who advised the Fed chief's MIT doctoral thesis. “The Fed will get on top of this,” said Stanley Fischer, ahead of this afternoon's... More »

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inflation • Ben Bernanke • Federal Reserve • International Monetary Fund • MIT • IMF • credit crisis • interest rate cut • financial crisis

World Money Chief Calls for Global Action

IMF head foresees widespread slowdown, backs US stimulus

Jan 28, 08 10:55 AM CST
(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... More »

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International Monetary Fund • recession • IMF • John Thain • Dominique Strauss Kahn • Davos • Larry Summers • subprime crisis • consumer loan markets • interest rate cut

Bomb Threat Closes World Bank

Phone call threatens bomb at noon today

Jan 17, 08 10:39 PM CST
(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... More »

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World Bank • Washington DC • IMF • bomb threat

Stocks Down, Led by Financials

Financial and energy companies led the way

Sep 24, 07 3:44 PM CDT
(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... More »

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

Snubbing the West, Bolivia Waxes Red

Country turns to Chávez, socialism,
in lieu of IMF cash

Aug 3, 07 10:18 AM CDT
(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... More »

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inflation • Venezuela • World Bank • Bolivia • nationalization • IMF • Evo Morales • South America • Hugo Chávez

EU Supports French Socialist to Head IMF

Choice of former finance minister a victory for Sarkozy

Jul 10, 07 6:34 PM CDT
(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... More »

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Nicolas Sarkozy • International Monetary Fund • business • IMF

Venezuela to Leave IMF, World Bank

Chávez government exerts state control over privately owned oil projects

May 1, 07 8:32 AM CDT
(Newser) - Hugo Chávez said yesterday he will pull Venezuela out of the International Monetary Fund and the World Bank, institutions the leftist leader blames for contributing to poverty in Latin America. Venezuela will also take control of foreign oil projects previously run by multinational companies, some U.S.-based, in... More »

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China • oil • Latin America • Venezuela • World Bank • International Monetary Fund • IMF • poverty • Hugo Chávez

21 - 37 of 37 Stories | << Prev 1 2


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