Result Page 12 for IMF news & latest pictures from ibtimes.com

Head of the Institute of International Finance (IIF) Charles Dallara in Athens

Greece Hopes for Debt Deal Soon, Talks to Resume

Greece hoped on Wednesday it could wrap up tortuous negotiations on a debt swap as early as this week when private creditors return to Athens for a fresh round of talks to avert a chaotic default.

In Spite of Antics and Best Efforts, Greece Default Likely: UBS

A Greek and an EU flag fly over the Greece's Finance Ministry in Athens

The chief economist at Swiss banking giant UBS said Tuesday afternoon that Greece would likely default on its sovereign debt obligation, putting underwriters of insurance against such an event on the hook for billions of dollars in payments. He was only the latest market observer to say a default was imminent.

Greece Default: How Might it Happen and What Would it Mean?

A protester holds Greek flags during a demonstration against a new property tax which has been included to the Greece's PPC bill to consumers in Athens.

Even as Greece works towards an agreement with private sector investors to meet their debts, the S&P warned that Greece is likely to enter into default.

A sculpture showing the Euro currency sign is seen in front of the ECB headquarters in Frankfurt

Europe Poses Global Recession Threat: IMF

Europe's debt crisis could tip the world economy into recession and a bigger firewall is urgently needed to keep the damage from spreading, the International Monetary Fund said on Tuesday.

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Greece's PM Papademos escorts Finance Minister Venizelos after a meeting in Athens

Eurozone Finance Ministers to Rule on Glacial Greek Debt Talks

Eurozone finance ministers will decide on Monday what terms of a Greek debt restructuring they are ready to accept as part of a second bailout package for Athens after negotiators for private creditors said they could not improve their offer.

Head of IIF Dallara enters Greek Prime Minister's office in a car in Athens

Greece's Creditors Exit Athens, but They Will be Talking via Phone

The representatives of Greece's private creditors left Athens unexpectedly on Saturday without a deal on a debt-swap plan that is vital to avert a disorderly default, sources close to the negotiations told Reuters. Negotiations will continue over the phone during the weekend.

Davos Agenda: Economic Growth, Jobs, Protectionism

Economic growth, jobs and protectionism are the top three worries at the start of 2012, according to a Call to Action published by 11 leaders of international organizations on Friday in a bid to kick-start debate at next week's Davos Forum.

Gold firms as IMF talk, Fitch stance lift euro

Gold Prices Slide on Profit Taking, Falling Euro

Gold edged lower on Thursday as the euro's retreat from highs in the wake of U.S. economic data prompted some buyers to cash in gains in the precious metal after a three-day run higher took prices to their strongest since mid-December.

Greece's PM Papademos attends a meeting with with delegation of the the main private sector union in Athens

Greece, Creditors Make Little Progress as Clock Ticks

Greece and its bondholders have made little progress since resuming stalled talks on a debt swap, three sources close to the talks told Reuters on Thursday, with time to strike a deal and avoid a messy default running out rapidly.

A man walks past an electronic board displaying Japan's Nikkei share average outside a brokerage in Tokyo

Japan's Nikkei Climbs to Five-Week High

Japan's Nikkei average hit a five-week closing high on Thursday, soaring past its 75-day moving average as the euro climbed on news that the International Monetary Fund is seeking to bolster its funds to stem the euro zone sovereign debt crisis.

World Stocks Rise to Highest Level in Two Months

World stocks rose to their highest in over two months on Thursday as risk appetite improved on hopes Greece will reach an agreement with its creditors and the International Monetary Fund will boost resources to tackle the euro zone debt crisis.

IMF Seeks More Funds to Support Ailing Euro Nations

The IMF currently has a lending capacity of about $380 billion and estimates demand could be about $1 trillion in the medium-term.

Passers-by walk in front of a stock quotation board in Tokyo

Asian Shares Hit 2-Month Highs on IMF Bid to Aid Europe

Asian shares rose to a two-month high and the euro firmed Thursday after news that the International Monetary Fund was seeking to boost its resources to tackle the euro zone debt crisis helped ease worries about Europe's funding difficulties.

IMF head Christine Lagarde gestures during a news conference at the G20 meeting at the ministry in Paris

IMF Seeks More Funds for Europe Rescue; U.S. Wary

The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the United States and other countries are throwing up roadblocks.

IMF Seeks More Funds for Europe

U.S. Stocks Reach Highest Level Since July

Stocks jumped to their highest since July on Wednesday as the International Monetary Fund sought to help countries hit by the European debt crisis, while forecast-beating earnings from Goldman Sachs dispelled some worries over bank profits.

Wall Street Gains 1% as IMF Gives Europe Hope

Europe hasn't fully committed to IMF: Flaherty

Europe needs to cough up a lot more than $200 billion to the International Monetary Fund before calling on others to boost the international lender's funding capacity to deal with the fallout from the European debt crisis, Canadian Finance Minister Jim Flaherty said on Wednesday.

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