French Finance Minister Christine Lagarde's standing for the top IMF official gained impetus in Europe on Sunday with Mexico forwarding its own candidate for the post, giving competition for the top job.
The dollar may need to make room for the Euro and the Renminbi as the rise of economic strength and influence of emerging markets threaten its dominant position as the world's currency.
European officials largely endorsed US President Barack Obama’s call for a reshaping of the Israel-Palestine map by reverting to the borders in place before the Six Day War of 1967.
History will remember Dominique Strauss-Kahn as a man who put the International Monetary Fund (IMF) on the road to decline, and that the new leadership should bring about a fundamental rethink of the fund's economic programs for the European periphery, leading think tank American Enterprise Institute has said.
In a significant step taken by Japanese lawmakers, Japan has decided to join the child-custody agreement, the Wall Street Journal reported on Friday.
It is confirmed that Dominique Strauss-Kahn has announced his resignation from as the International Monetary Fund (IMF) Chariman. He is amidst sexual assault charges and a growing pressure of doubt in his ability to run the organization. A resignation letter from Strauss-Kahn to the IMF board described his denial to the allegations and hopes of protecting the institution.
RBC Capital Markets hosted an investor meeting with Cephalon Inc.'s (NASDAQ: CEPH) chief financial officer Wilco Groenhuysen and chief marketing officer Lesley Russell. The brokerage listed out key takeaways regarding the proposed acquisition of Cephalon by Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA).
The United States has slapped sanctions on President Bashar al-Assad for the violation of human rights, reported Reuters on Wednesday.
The United States, for the first time, has imposed sanctions on the Syrian President Bashar al-Assad and six of his top aides for human rights abuses.
The U.S. government will impose sanctions on Bashar al-Assad, the President of Syria, as well as six top Syrian government officials, over human rights abuses perpetrated over the past two months of unrest in that country, according to reports.
The International Monetary Fund’s (IMF) chief official responsible for Greece has warned the debt-stricken country must take even more austerity measures in order to reduce its massive budget deficit.
The European Union and United States are preparing to hit Syria's leaders with new sanctions as anti-government protesters are still facing a brutal crackdown.
The broadening euro zone recovery means the need for economic or monetary stimulus is fading, European Central Bank policymaker Juergen Stark said on Wednesday, adding there needs to be a realization that a euro zone bail out is forbidden.
A soft restructuring of Greece's sovereign debt is not on the cards, European Central Bank Governing Council member Ewald Nowotny told Austrian radio, insisting Greece take the lead on shoring up its finances.
Euro zone finance ministers approved a 78 billion euro ($110 billion) bailout for Portugal but as a condition of the deal insisted that Lisbon ask private bondholders to maintain their exposure to its debt.
U.S. Dollar Gold Prices continued on Monday morning where they'd left off on Friday, zigzagging around $1495 while global stock markets fell along with major industrial commodities oil and copper.
The meeting of euro zone finance ministers and other luminaries in Brussels, Belgium has been rocked by the arrest of International Monetary Fund (IMF) managing director Dominique Strauss-Kahn over the weekend in New York on sexual assault charges.
Restructuring Greece's sovereign debt would pose potentially incalculable risks to the overall euro zone and will not solve the country's fiscal crisis, a senior European Central Bank official said on Friday.
The Portuguese economy contracted for the second straight quarter, placing the debt-strapped country into another recession as the Lisbon government anxiously seeks to reduce spending and increase taxes.
The European Union (EU) has decided to stop its free travel policy across the continent in the midst of fears of migrants fleeing Africa due to the unrest.
Greece seems not to have met terms of its international rescue package recently, European Central Bank Governing Council member Ewald Nowotny was quoted as saying on Friday.
The European Commission will propose legislation in coming weeks to bring EU mobile phone roaming charges further into line with national tariffs, EU sources told Reuters Thursday.
