IMF Managing Director Dominique Strauss-Kahn was detained in New York Saturday night after allegedly sexually assaulting a maid in his hotel.
Dominique Strauss-Kahn, the managing director of the International Monetary Fund (IMF) and a possible French presidential candidate, was hauled off the Air France flight about 10 minutes before it was to take off at John F. Kennedy International Airport on Saturday afternoon and turned over to police for questioning in connection with an alleged sexual assault.
Dominique Strauss-Kahn, the head of the International Monetary Fund, was arrested in New York City on Saturday, accused of a brutal sexual attack on a hotel employee in Manhattan, according to reports citing police sources.
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.
Public services have been halted including trains, ferries and flights have been disrupted by the protests in Athens on Wednesday morning.
Greece has been brought to a standstill by a massive strike called by labor unions to protest to government’s austerity programs.
Spot Gold prices rose for the second day running in London on Tuesday, reclaiming half of last week's 7% drop from the all-time Dollar high as world stock markets rallied again with commodity prices.
The British Chancellor of the Exchequer George Osborne has warned that Greece may need additional bailout funding, but that the U.K. is unlikely to contribute to any such payouts.
The Portuguese will likely descend into a deep recession over the next two years, after Lisbon country signed terms of a bailout from the European Union, warned the country’s finance minister.
The International Monetary Fund (IMF) that robust economic growth in the Asia-Pacific region may lead to overheating and rising inflationary pressures.
The euro has decoupled from the euro zone peripheral debt crisis in 2011.
Silver Prices extended their Dollar gains to 7.7% for this week alone, also reaching new multi-decade and all-time highs vs. the world's other major currencies.
UK Prime Minister David Cameron has suggested he may prevent former Labour PM Gordon Brown from becoming the next managing director of the International Monetary Fund (IMF).
Japan's fragile post-disaster political truce unraveled on Thursday as the head of the main opposition party called on unpopular Prime Minister Naoto Kan to quit over his handling of the country's natural calamities and a nuclear crisis.
Kenya plans to remove tax incentives in the 2011/12 (July-June) fiscal budget and widen collection to rope in more small businesses to increase revenues, Finance Minister Uhuru Kenyatta said on Monday.
The Nigerian naira weakened further against the U.S. dollar on the interbank market on Wednesday as strong demand for the greenback persisted in the face of static supply, traders said.
Irish voters went to the polls on Friday to punish their government for bringing the former Celtic Tiger economy to its knees and leaving it a ward of the European Union and International Monetary Fund.
Greek police clashed with protesters Wednesday as around 100,000 workers, pensioners and students marched to parliament in protest at austerity policies aimed at helping Greece cope with a huge debt crisis.
Burundi's year-on-year inflation rate dropped to 4.8 percent in January from 6.3 percent in December partly due to lower housing, water and energy costs, official data showed on Wednesday.
Violence has broken out in Greece as a nationwide general strike against the government’s austerity programs and budget cuts has led to clashes between stone-throwing protesters and police firing tear-gas.
Temasek Holdings has hired former China International Capital Corp (CICC) investment banking head Ding Wei to lead its China operations, the Singapore state investor said late on Monday.
Nigerian Central Bank Governor Lamido Sanusi said on Monday he did not believe that the naira was over-valued and criticised advice from the IMF, which last week recommended greater exchange rate flexibility.
