Posts Tagged ‘international monetary fund’

IMF cuts economic growth forecast for South Korea

Citing escalating fiscal woes in the euro zone, the International Monetary Fund (IMF) lowered its growth forecast for the South Korean economy this year. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Lagarde says IMF will cut global growth forecast

International Monetary Fund Managing Director Christine Lagarde said on Friday that there is a need for a coordinated response between economies as global economic conditions have become a big concern. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

IMF: U.S. should avoid “fiscal cliff” with too steep cuts

The International Monetary Fund warned the U.S. that it is risking a flat economic growth in 2013 if it continues to move towards a “fiscal cliff” characterized by Washington’s current tax and spending plans. An IMF report released Tuesday states that a U.S. annual growth rate of under 1 per cent will be detrimental to […]

Japan grants $60 million loan to IMF

Japan on Tuesday became the largest donor outside Europe when it announced a grant of $ 60 billion to the International Monetary Fund (IMF). The grant is aimed at strengthening a global firewall to deal Europe’s debt crisis. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Stock up Friday on solid jobs report and news from Greece

Diane Alter – AHN News Reporter NYC, NY, United States (AHN) – U.S. markets got a bounce from a slightly better than expected jobs report on Friday and positive news from Greece. Just after the opening bell on Wall Street, the Dow Jones Industrial Average rose 20 points, the Standard & Poor’s 500 Index gained […]

Wall Street up Thursday on follow-through from Fed comments

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks opened higher Thursday as investors continued to focus on comments from the Fed and better than expected corporate earnings. Just before 10 a.m. on Wall Street, the Dow Jones Industrial Average was up 66 points, the Standard & Poor’s 500 […]

Plunging Foreign Reserves Pose New Threat to Egypt

The Media Line Staff Cairo, Egypt (The Media Line) – Egypt’s political and economic clocks are running on dangerously different speeds: While Egyptians make repeat visits to the polls over the next three months to elect a new government and debate the future of their country under Islamist rule, the country’s foreign currency reserves are […]

IMF lowers growth prediction for Asia

Linda Young – AHN News Writer Singapore (AHN) – International Monetary Fund (IMF) officials have cut forecasts for growth in Asia because of concerns over problems in two of its key export zones. Both the United States and the eurozone are experiencing problems that could mean those zones import less from Asia. The IMF cited […]

Papandreou secures Greek Parliament vote on property tax

Vittorio Hernandez – AHN News Athens, Greece (AHN) – Greece solved one roadblock to getting another round of bailouts after Prime Minister George Papandreou got the parliament’s approval on Tuesday of a property tax to meet the country’s debt-reduction targets. Greek MPs voted 155 to 142 to okay the tax after Finance Minister Evangelos Venizelos […]

‘No decision’ on Strauss-Kahn case – CNN

A source close to the investigation told CNN on Sunday that it is unclear whether the former International Monetary Fund chief will learn this week whether he will be cleared of any or all charges in the case. View full post on Business Stories