International Monetary Fund Stories
TSX climbs on banks, Europe hopes
Toronto's main stock index was higher on Friday morning, on track to post its biggest weekly gain in more than two years, pushed up by strong bank earnings, encouraging U.S. jobs data and talk of more action to ease Europe's debt.
Gold Prices End Week up 3.9%, Other Precious Metals Gain
Gold prices concluded a stellar week Friday with a modest gain as prospects of fresh support for weak Eurozone members and short covering offset profit taking.
Euro Rises for 5th Day on U.S. Jobs, ECB-IMF Loan Talk
The euro rose for a fifth straight session against the dollar on Friday, bolstered by speculation that the European Central Bank may lend to weak euro zone countries through the International Monetary Fund.
IMF Europe crisis role may not be visible: Lagarde
The International Monetary Fund is happy to play a behind the scenes role in resolving the European debt crisis, which needs to be tackled with fiscal consolidation and structural reforms, the lender's chief Christine Lagarde said on Friday.
Stock futures briefly add to gains after jobs data
Stock index futures briefly extended their gains on Friday after the non-farm payroll report showed accelerated job creation in November and the unemployment rate unexpectedly dropped.
Dominique Strauss-Kahn Book Talks About Incident with Maid
Dominique Strauss-Kahn biographer Michel Taubmann has written a book he claims gives the French politician's side of the story.
Central banks act as euro zone crisis rages
The world's major central banks acted jointly on Wednesday to provide cheaper dollar funding to European banks facing a credit crunch as the euro zone's debt crisis drove EU ministers to urge more IMF help to avert financial disaster.
Europe's Markets Rise for Fourth Straight Session
European shares extended a rally into a fourth session on Wednesday, with miners reversing earlier losses after resource-hungry China cut the reserve requirement for banks to ease credit strains and bolster its economy.
Nikkei Closes Lower Wednesday As Concern About Eurozone Persists
The Nikkei share average ended lower on Wednesday, reversing two days of gains on profit-taking as investors remained cautious over new
developments in the Eurozone debt crisis and looked to data later in the week.
ECB's Noyer says must stabilize bonds as Europe in crisis
Europe's debt crisis has significantly worsened, threatening global markets, so it is essential to stabilise the region's bond markets, European Central Bank governing council member Christian Noyer said on Wednesday.
Global Stocks Hit by Fresh Bank Tremors
Stocks fell and the euro weakened Wednesday after Standard & Poor's hit some of the world's leading banks with a credit downgrade and euro zone leaders' move to ramp up the regional bailout fund drew a tepid response.
Asian Shares Fall on Caution over Euro Bailout
Asian shares fell and the euro trimmed gains Wednesday as caution set in over the chance for more progress in resolving euro zone debt woes after officials agreed to strengthen a rescue fund and seek more aid from the International Monetary Fund.
Wall Street Ends 7-day Slide
Stocks rebounded from seven days of losses on Monday as investors used the latest effort from European leaders to resolve the region's debt crisis as an opportunity to cover short positions.
Germany, France Press for Coercive Eurozone Debt Rules
Germany and France stepped up a drive on Monday for coercive powers to reject euro zone members' budgets that breach EU rules, and the United States kept up the drumbeat of demands from the rest of the world for decisive action.
Germany, France press coercive euro zone debt rules
Germany and France stepped up a drive on Monday for coercive powers to reject national budgets in the euro zone that breach EU rules, as a market rout of European debt eased temporarily on hopes of outside help for Italy and Spain.
Stock Futures Soar on Europe Hopes
Stock index futures jumped on Monday on optimism over the latest round of proposals out of Europe designed to corral the growing Eurozone debt crisis.
Germany, France Eye Eurozone Pact, Markets Hopeful
Germany and France stepped up a drive on Monday for intrusive powers to reject national budgets in the Eurozone that breach EU rules, as a market rout of European debt eased temporarily on hopes of outside help for Italy and Spain.
Crisis Threatens EU Sovereign Ratings: Moody's
Moody's Investors Service warned on Monday the rapid escalation of the euro zone sovereign and banking crisis threatens the credit standing of all European government bond ratings.
ECB's Noyer: Italy not Weak, Euro Breakup 'out of the Question'
Italy's economy is fundamentally sound and should be able to win back market confidence if it shows fiscal discipline, European Central Bank member Christian Noyer said on Monday, ruling out a collapse of the euro zone because of the sovereign debt crisis.
EU Sovereign Ratings at Risk, Moody's Warns
Moody's Investors Service warned on Monday the rapid escalation of the euro zone sovereign and banking crisis threatens the credit standing of all European government bond ratings.
Futures Rise in Electronic Trade on Europe Hopes
U.S. stock futures jumped in early electronic trading on Sunday on the latest round of proposals out of Europe designed to corral the growing euro zone debt crisis.
Markets: What Happened Last Week, What to Look for This Week
Belgium and Hungary were downgraded late in the week, fueling more fire to the already credit-sensitive region.
Russia Gains Full Control of Belarus Gas Pipeline
Moscow will have the rights to raise the price of gas in the coming years.
Gold Prices Struggle to Stay Near $1,700
Gold prices fell Wednesday on negative economic news from China and Europe and concerns that the U.S. economy is barely advancing.
Investors, Still Fixated on EU, Sell for Fifth Day
Stocks fell for a fifth day in a row on Tuesday, having lost more than 5 percent over that period as borrowing costs in Spain hit another record high.
Gold Busts 4-Day Losing Streak on Safe Haven Buying
Gold prices broke a four-day losing streak Tuesday as investors worried about a possible liquidity crisis in the Eurozone sought protection for their money in the yellow metal.
Kenya almost-doubles inflation target to 9 pct
Kenya's central bank changed another key policy aim by almost-doubling this fiscal year's inflation target to 9 percent, just weeks after being driven to make a huge rate rise to combat soaring inflation and save the plunging shilling.
Analysis: Ontario deficit targets at risk as outlook dims
A worsening economy will hurt Ontario's chances of meeting already long-term plans to balance its budget as it prepares for a fiscal update on Wednesday.
Asian Shares Fall as U.S. Deficit Deadlock Looms
Asian shares fell on Monday as uncertainty remained over how euro zone leaders would respond to mounting funding difficulties for European banks, and an apparent failure by U.S. politicians to agree on deficit reduction hurt sentiment.
Greece's New PM Heads for Brussels in the Search for Cash
Greece's new prime minister headed to Brussels on Sunday to fight for the aid Athens needs to avoid bankruptcy, even as one of his coalition backers refused to give a written pledge to support reforms and a public-sector union readied itself for strikes.