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IMF Inches Toward Deal On Boosting Firepower

The International Monetary Fund on Tuesday appeared to be inching toward a deal on boosting its financial firepower with Japan, Sweden and Denmark committing a total of $77 billion to help contain the euro zone debt crisis.
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IMF raises its GDP growth forecast for the U.S.

IMF Increases US Economic Growth Forecast

The International Monetary Fund on Tuesday raised its projection of growth in the U.S. gross domestic product to 2.1 percent this year and 2.4 percent next year, from 1.7 percent in 2011.
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Playtech down as it eyes deal with top shareholder

Playtech, the world's biggest provider of online gaming software, plans a string of acquisitions as it branches out into the social gaming market but news that it will be buying the businesses from its main shareholder unnerved investors.
Egyptian President Hosni Mubarak

Egypt Sues UK Over Frozen Mubarak Assets

Egypt's Ministry of Justice filed suit against the UK Treasury department on Monday over £90 million ($140 million) in assets frozen during the rule of Hosni Mubarak.
Saajid Badat

Shoe Bomber's Prison Sentence Cut For Informing

The prison sentence of would-be shoe bomber Saajid Badat was reduced by two years after he agreed to testify against Adis Medunjanin, one of the men who planned on bombing the New York City subway in 2009.
World Bank Board Opts for another American as New Chief

World Bank Selects Jim Yong Kim As President

The World Bank on Monday selected Jim Yong Kim as its next president. The World Bank presidency has gone to a U.S. candidate since the organization was founded at the Bretton Woods conference.
Ahmadinejad

Iran Nuclear Talks: Round Two In Baghdad

The round of nuclear negotiations between Iran and six world powers will take place in Baghdad, Iraq late next month. Following Saturday's discussions in Turkey, Tehran agreed to hold more talks, a landmark step after years of stalled negotiations around the Islamic Republic's developing nuclear program.

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