INTERNATIONAL MONETARY FUND

The International Monetary Fund (IMF) has lowered its growth forecasts for the US for the next two years from 2.7 percent to 2.5 percent in 2011 and from 2.9 percent to 2.7 percent in 2012, besides highlighting renewed weakness in the housing market as a risk.

Dominique Strauss-Kahn initially claimed diplomatic immunity when he was first arrested for sexual assault in New York, according to official documents and transcripts released by prosecutors in the case.

The President of France Nicolas Sarkozy said he has pledged to resolve the Greek debt crisis and that a solution needed to be found quickly, by July at the latest; and that he and German Chancellor Angela Merkel are united in their resolve.

A Polish journalist was arrested for slandering the Belorussian president.

Around 1000 Belarusians took to the streets in the capital city of Minsk.

In yet another High-profile cyber attack case, the public website of the U.S. Central Intelligence Agency went down on Wednesday evening with Lulz Security claiming responsibility for the attack.

The CIA has succumbed to antics of hacker group LulSec Wednesday, making it just the latest in a string of high-profile companies that have fallen victim to cyber attacks.

The latest victim of the now infamous hacking group LulzSec is none other than the US's own Central Intelligence Agency, adding to the recent string of high profile hacking cases worldwide.

George Papandreou, the embattled Prime Minister of Greece, has offered to resign to pave the way for a national unity government, according to various sources, as the Athens parliament prepares to enact more unpopular austerity measures.

The current unrest in Greece stems for decades of over-spending. In Athens, protesters take to the streets to fight the latest austerity proposal.

Demonstrations against a new austerity program were disrupted by clashes between police and protestors

The International Monetary Fund (IMF) has short-listed two candidates, Christine Lagarde and Agustin Carstens, for its next Managing Director.

The International Monetary Fund’s (IMF) computer system was hacked with large and sophisticated cyberattack and confidential data on national economies and finances are at the risk of exposure. The organization did not disclose the nature of the attack.

The IMF has succumbed to a cyber-attack from what sources believe originated from a member state, escalating the stakes in the latest in a string of cyber-warfare.

In a bizarre incident early this year, the International Monetary Fund (IMF) faced a cyber attack, ironically from a member-nation, though the fund is not willing to reveal the country's name.

Sony, Google, the FBI, Lockheed Martin, Citigroup, and now the International Monetary Fund (IM) -- the tentacles of cyber criminals are not sparing any big ticket organisation in the world. The infiltration might have involved significant reconnaissance prior to the attack, and code may have been written specifically to penetrate the the Fund, according to a former cybersecurity specialist at the World Bank.

The International Monetary Fund has succumbed to a cyber-attack, joining a growing list profile targets to fall victim to hacking.

The former Irish finance minister Brian Lenihan has died from pancreatic cancer.

Hillary Clinton has denied reports that she is planning to quit her job next year to become president of the World Bank, a State Department spokesman said.

Christine Lagarde, who has been touring prominent developing nations to solidify her efforts to become the next chief of the International Monetary Fund (IMF), is apparently a shoe-in for the post, according to a rival for the top job.

The wholesale market price of Gold Bullion continued to fall Wednesday morning, hitting $1533 per ounce - a 0.6% loss on the week - while stocks and commodities fell and US Treasuries rose following a speech on Tuesday by Federal Reserve chairman Ben Bernanke.