Posts Tagged ‘international monetary fund’

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Egypt backs Lagarde for IMF top job

CAIRO: Foreign Minister Nabil al-Arabi on Sunday announced Egypt’s support for French Finance Minister Christine Lagarde’s bid to head the International Monetary Fund. View full post on Business Stories

IMF chief backs bigger role for China’s yuan

WASHINGTON: International Monetary Fund chief Dominique Strauss-Kahn on Thursday proposed expanding the IMF’s basket of currencies to include China’s yuan, in a move he said would promote monetary stability. View full post on Business Stories

Fitch downgrades Greece rating to junk status

LONDON (MarketWatch) — Fitch Ratings on Friday downgraded Greece’s credit rating to BB-plus from BBB-minus. The cut puts Greece’s credit rating in junk territory. The agency said the outlook for the rating is negative, which means the rating could be cut further in the future. Although Greece’s economic and fiscal performance has exceeded expectations in [...]

Emerging Nations Gain in G-20 Deal

Finance officials of the world’s leading industrial powers agreed to reshape the International Monetary Fund to give fast-growing countries like Brazil, China and Turkey a bigger stake. View full post on Business Stories

World Bank: World economic woes in focus

Top finance officials will focus on poverty eradication, economic development and aid effectiveness Saturday in talks that are part of the annual International Monetary Fund and World Bank meetings. View full post on Business Stories