Sponsored by International Monetary Fund

Ireland's deeply unpopular government will unveil a record austerity budget on Tuesday, inflicting more pain on voters to bring down a soaring deficit and win quick access to emergency loans from the EU and IMF.

Tension on European bond markets was undiminished on Tuesday after German and fellow euro zone states resisted IMF calls to do more to quell the currency bloc's debt crisis.

European Union finance ministers meet on Tuesday to discuss the EU economy with markets expected to react nervously to Monday's decision by euro zone ministers to take no new steps to quell the debt crisis.

A study by IMF economists Luc Laeven and Hui Tong found that U.S. monetary policy shocks drive global stock market prices.

The International Monetary Fund (IMF) is urging the European Union (EU) to expand the size of its rescue fund in the wake of weakening market performance in the euro zone’s peripheral members.

The euro zone should have a bigger rescue fund for member states in trouble, and the European Central Bank should boost its bond buying to prevent the sovereign debt crisis from derailing economic recovery, an IMF report obtained by Reuters said.

The International Monetary Fund's chief Dominique Strauss-Kahn said on Saturday the global economic outlook was not that bad but uncertainties remained in the United States and Europe.

The precious metals were mixed in November, with silver outshining the rest with a 13.6 percent jump, followed by palladium which rose 7.75 percent. Gold managed to end the month with marginal gains of 1.87 percent while platinum fell 2.7 percent from its end-October level.

After enjoying nearly two decades of an unprecedented economic prosperity at home, many Irish are now seeking to leave for greener pastures elsewhere as the nation finds itself on the brink of an economic collapse.

Standard & Poor’s said it cut its long-term sovereign credit rating on the Republic of Ireland to 'A' from 'AA-' and its short-term rating to 'A-1' from 'A-1+'.

Germany's argument for a policy to make private investors pick up part of the bill for any future bailouts won support from France as more European countries seem to require financial aid.

The IMF published a study asserting that growing income inequality in the U.S. triggered the two most severe financial crises and economic downturns of the last 100 years by creating unsustainable imbalances.

The government of Ireland has released a grim four-year austerity budget that seeks to alleviate the country's debt crisis.

Greece's international lenders have agreed to provide the debt-ridden country with the third installment of a loan – valued at 9-billion euros -- but warned that the Greeks must make an extra effort to address its deficit next year.

The Irish government is busy finalizing an austerity plan that is expected to save about 15 billion euros, even as the opposition called for early elections in January.

The massive EU and IMF bailout for Ireland doesn't seem to be working as the euro currency, European stocks, and Irish stocks gave back early gains and closed with losses. Irish bonds are still up for the day, but not by much.

Despite signs that the government of Ireland will receive a huge bailout package from the European Union (EU) and International Monetary Fund (IMF), Irish banks that trade in the U.S. as ADRs are getting hammered this morning in early trading.

An unwilling Ireland finally agreed to a bailout to help prolong eurozone's jolly ride to doom, and analysts see a good chance of Portugal following suit in the coming months. However, the bigger question is if Spain, eurozone's fourth largest economy, is well insulated against a Greece- and Ireland-style crisis.

As early as the 1980s, fault lines began to appear in Europe's economy and the global financial crisis tore them wide open. Now, Europe perhaps faces its greatest economic challenges since WWII.

The Paris Club of creditor nations and Brazil have agreed to cancel $7.35-billion of debt owed by the Democratic Republic of Congo (DRC), representing more than half of the nation’s foreign debt.

The government of Ireland has stated that it will not raise the country's low corporation tax rate in exchange for a bailout from the European Union (EU), amidst speculation that France and Germany want the tax rate increased.

As comments from Dublin and Brussels strongly hint at the possibility of Ireland formally seeking international financial support sooner or later, analysts are mulling the chances of a possible bailout of the stricken Celtic Tiger by the robust Chinese Dragon.

The Greek government submitted a revised 2011 budget to the Parliament on Thursday, pledging to prune deficit to 7.4 percent of the gross domestic product (GDP), ensuring substantial bailout fund will flow without hiccups from the IMF and the ECB.However, desperate measures to squeeze through the tough austerity net might still not keep the threat of an eventual debt restructuring out of the door, analysts have said.

A day after cutting the weighting of US dollar and yen in the SDR, the International Monetary Fund (IMF) said it did not include China's yuan in the basket as the currency does not meet the freely usable criteria.

Ireland is “inching closer” to some kind of bailout package from the European Union (EU) and International Monetary Fund (IMF), according to Jan Randolph, director of sovereign risk at HIS Global Insight in London.

European officials are working on a bailout for Ireland that could reach 100 billion euros.

The US dollar dropped against its major counterparts on Wednesday after data showed October consumer price inflation was slower than expected with housing starts data for the same month also coming in at a weaker-than-expected level.

The next tranche of aid for Greece will be delayed until January, after the data from the country is released, according to Austrian finance minister.

Ireland is open to talks with the European Union and the International Monetary Fund (IMF) over a bailout program for its failed banks, EU Economics and Monetary Affairs Commissioner Olli Rehn said after a Tuesday night meeting of eurozone finance ministers and officials in Brussels.