IMF aims to select new leader by Oct 4
July 27, 2019 | 10:18
The International Monetary Fund plans to select a new leader to replace Christine Lagarde at the global crisis lender by Oct 4, the IMF board announced on Friday (Jul 26).
Canada goes deeper into debt to compete with Trump tax cuts
November 22, 2018 | 08:50
OTTAWA: In a fiscal update on Wednesday (Nov 21), Canada's finance minister ditched a promise to balance the budget next year, and instead rolled out measures to help companies compete with the United States.
European markets rise on Greek bailout hopes
February 21, 2012 | 08:24
European stock markets rose Monday on confidence that a new bailout for Greece will finally be approved while sentiment got a boost from the latest Chinese move to ease credit.
Merkel, Sarkozy maintain crisis cure in sight
October 23, 2011 | 09:43
Europe will find a cure for its debt crisis between now and Wednesday, the leaders of Germany and France vowed after fixing plans to recapitalise banks out of pocket over Greece.
Europe under pressure as G20 finance ministers meet
October 15, 2011 | 08:20
Finance ministers from the G20 bloc of leading economies pressed Europe to tackle its debt crisis to stave off a global downturn as they met in Paris on Friday for tense talks.
US, Europe clash over debt crisis
September 17, 2011 | 08:35
The United States Friday warned Europe of "catastrophic risks" to financial markets from the failure to quickly contain the eurozone debt crisis, in debate over the way forward.
Arabs, Indonesia back Lagarde for IMF top job
June 13, 2011 | 08:29
French Finance Minister Christine Lagarde, who has been on a whirlwind tour touting her credentials to head the International Monetary Fund, on Sunday won the backing of Egypt, Indonesia and the UAE.
Europe, emerging powers face off over IMF job
May 20, 2011 | 08:47
Europe fought to retain leadership of the IMF on Thursday to help tackle its debt crisis as emerging nations launched a sharp counter-attack, saying it was time rising economies took the helm.
EU offers Portugal 80-billion-euro bailout
April 09, 2011 | 08:44
Europe offered Portugal Friday an 80-billion-euro ($115 billion) bailout, but set tough conditions as it bid to draw a line under a destabilising debt crisis.
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