| Oct 9, 2013
| 7:02 AM
WASHINGTON -- The U.S. needs to get "its act together" and raise the debt limit before a default derails the nation's recovery and damages the world economy, a top International Monetary Fund official said Wednesday.
Short-term interest rates have risen...
| Oct 7, 2013
| 3:01 PM
ATHENS -- In the strongest sign yet of economic recovery, Greece’s ruling coalition on Monday unveiled a draft budget for 2014 that foresees growth in the country's debt-crippled economy, which is emerging from the doldrums after six years of...
| Aug 20, 2013
| 6:49 AM
WASHINGTON -- The nation's largest banks are trying to scare the public about the impact of tougher capital requirements proposed by U.S. regulators, a top Federal Deposit Insurance Corp. official said Tuesday.
Requiring the eight largest banks to...
| Aug 14, 2013
| 8:46 AM
LONDON -- Europe’s economy is showing signs of recovery for the first time since 2011, according to figures released Wednesday by the European Commission.
The second quarter of 2013 showed distinct if fragile 0.3% economic growth collectively over...
| Jul 20, 2013
| 5:00 AM
RIMINI, Italy — You think we have it bad, caught between a stagnant economy and gridlocked politics? Then take a trip to Europe, where the economy is going not sideways but backward — and the politics are too.
Europe's numbers should be...
| Jul 9, 2013
| 8:40 PM
WASHINGTON — After leading the way out of the global recession, China and other big developing economies now are growing slower, a significant shift in momentum that augers weaker world growth and softer demand for U.S. exporters.
| Jul 31, 2013
| 11:10 AM
LONDON – The number of jobless workers in the 17 nations that use the euro dropped very slightly in June, but unemployment remains at a record rate as the currency zone continues to grapple with a lingering recession, statistics released Wednesday...
| Jul 26, 2013
| 10:30 AM
WASHINGTON -- Clear communication and proper timing are key to the Federal Reserve ending its unprecedented stimulus efforts without damaging the improving U.S. economic recovery, the International Monetary Fund said Friday.
With Fed policymakers set to...
| Jul 26, 2013
| 11:11 AM
PARIS -- The disgraced former IMF chief Dominique Strauss-Kahn is to stand trial in France on charges of pimping, prosecutors said Friday.
The Frenchman is expected to face another humiliating day in court next year over his links to an alleged...
| Jul 26, 2013
| 6:40 AM
WASHINGTON -- A Federal Reserve pullback of its economic stimulus efforts could reignite the European debt crisis as that region struggles to recover from its longest-ever recession, the International Monetary Fund warned.
In its annual assessment of...
| Jul 18, 2013
| 1:31 PM
In a first, the International Monetary Fund has said it will consider filing a brief to the U.S. Supreme Court supporting Argentina’s position in a long-running debt fight with hedge funds.
The IMF has never before made such a filing before the...