The next chief of the International Monetary Fund (IMF) will likely be one of two candidates, France Finance Minister Christine Lagarde (who has officially announced her interest in the job) and Mexico’s central bank governor Agustin Carstens, who is also lobbying for the sought-after position.
Three nuclear reactors at a Japanese nuclear plant suffered meltdowns within days, the plant’s operator told Reuters on Tuesday.
Top emerging economies joined forces to slam Europe's obsolete grip on the IMF's top job, even as France's finance minister appeared to strengthen her lead in the race to replace Dominique Strauss-Kahn.
The failed Doomsday prophet Harold Camping, the president of Family Radio who raised over $80 million of donations over the past five years, said he has no intention of giving any money back to those who have donated for his false Doomsday campaign.
Bernard Hopkins recent victory over Jean Pascal at the age of 46 to claim the light heavyweight title seems straight out of a movie.
After Dominique Strauss-Kahn's resignation from IMF, French finance minister Christine Lagarde has emerged as the leading candidate for IMF chief, receiving the support of European nations. On the other hand, countries such as China, India and Mexico are calling for an IMF chief from among an emerging economy.
While the eruption of the Grímsvötn volcano in Iceland is the most powerful in decades, it isn't likely to cause the same kinds of disruption as Eyjafjallajökull did last year.
Despite being the ‘heir apparent’ to the top post of the International Monetary Fund (IMF), Christine Lagarde has cautioned that her candidacy might be premature.
Cruise Holidays of Alexandria has announced its 2012 collection of exclusive river cruise offers aboard two of the world's finest river cruise companies; Uniworld and AMA Waterways.
The solid demand for gold is not supported just by private individuals and panicky investors, but countries like China, India and Russia are ramping up investment in the yellow metal.
US President Barack Obama is ready to order more covert operations inside Pakistan, similar to the May 2 attack that killed Osama Bin laden to target Al Qaeda or Taliban leaders in order to protect America and its allies.
Since the shocking discovery (and subsequent) assassination of al-Qaeda chief Osama bin Laden in early May in a compound in Pakistan, rumors have swirled that authorities in Islamabad have been harboring and protecting the world’s most wanted man all these years.
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.
After the resignation of Dominique Strauss Khan following an arrest for sexual assault, the next question is who will be the next person to lead the International Monetary Fund, responsible for reducing poverty and promoting stability and sustainable economic growth around the world?
Libya’s oil minister has reportedly fled the tattered regime of Moammar Gaddafi and defected to Tunisia over the weekend, making him one of the most prominent Libyan officials to abandon Tripoli.
Moscow’s involvement in the European missile defense sector is a better way to relieve Russia’s anxiety about the project, a high US Department of state officer said in a report on Tuesday.
Iran and North Korea have shared ballistic missile technology which China has blocked, diplomats said.
The number of malware that aim the Android mobile operating system has gone up by 400 per cent since summer of last year, according to a report by Juniper Networks.
Travel agencies for toys are popping up across the globe. Is your teddy bear ready for a big adventure?
Russia flexes its military might during Victory Day parades.
Governments, or nowadays central banks, are traditionally the largest holders of gold. And for most of the past two decades, central banks have been net sellers of gold. But since 2010, central banks are net buyers again, because central banks of emerging market economies are aiming to diversify their ever growing currency reserves and reach a similar level in gold reserves as the club of old industrial economies.
World's first space tourism agency Space Adventures plans to offer the first trip around the moon as early as 2015, the company announced on Thursday.
