Gold pared gains Wednesday after hitting an all time high, but still settled at record levels after the Federal Reserve's latest policy statement came in as expected.
Gold prices surged to a record high Tuesday after the International Monetary Fund said it had sold 200 metric tons of the precious metal to India's central bank.
Police clashed with protesters for a second day outside a meeting of the International Monetary Fund and World Bank, CNN's sister network, CNN Turk, reported Wednesday.
A protester threw a shoe at the IMF director at the end of a question-and-answer session Thursday at a university in Istanbul.
Banks round the world have still to reveal about half of their likely losses resulting from the financial and economic crisis, the International Monetary Fund said on Wednesday, warning that there was still a "significant" risk of another downward lurch in the global recession.
The International Monetary Fund's executive board has approved the sale of up to one-eighth of its gold holdings -- about 403.3 metric tons -- with proceeds going toward a new income model and financing for low-income nations.
World economy -- better luck next year.
The International Monetary Fund has raised its estimate of the amount of toxic assets that banks and financial institutions will have to dispose of or write down to $4 trillion.
World leaders agreed Thursday to tighter regulation of the global financial system and pledged more than $1 trillion to bolster lending by the International Monetary Fund to nations in need.
French President Nicolas Sarkozy is threatening to walk if there's no agreement on new and more stringent international financial regulation. German Chancellor Angela Merkel may throw a fit of her own if other countries keep insisting that the Germans have room for a bigger economic stimulus package. The Russians and Chinese want to get some control over the International Monetary Fund, and if there's one issue on which there is a wide consensus, it's that American corporate greed and negligent financial oversight is to blame for all the mess.
Gold pared gains Wednesday after hitting an all time high, but still settled at record levels after the Federal Reserve's latest policy statement came in as expected.
Gold prices surged to a record high Tuesday after the International Monetary Fund said it had sold 200 metric tons of the precious metal to India's central bank.
Police clashed with protesters for a second day outside a meeting of the International Monetary Fund and World Bank, CNN's sister network, CNN Turk, reported Wednesday.
A protester threw a shoe at the IMF director at the end of a question-and-answer session Thursday at a university in Istanbul.
Banks round the world have still to reveal about half of their likely losses resulting from the financial and economic crisis, the International Monetary Fund said on Wednesday, warning that there was still a "significant" risk of another downward lurch in the global recession.
The International Monetary Fund's executive board has approved the sale of up to one-eighth of its gold holdings -- about 403.3 metric tons -- with proceeds going toward a new income model and financing for low-income nations.
World economy -- better luck next year.
The International Monetary Fund has raised its estimate of the amount of toxic assets that banks and financial institutions will have to dispose of or write down to $4 trillion.
World leaders agreed Thursday to tighter regulation of the global financial system and pledged more than $1 trillion to bolster lending by the International Monetary Fund to nations in need.
French President Nicolas Sarkozy is threatening to walk if there's no agreement on new and more stringent international financial regulation. German Chancellor Angela Merkel may throw a fit of her own if other countries keep insisting that the Germans have room for a bigger economic stimulus package. The Russians and Chinese want to get some control over the International Monetary Fund, and if there's one issue on which there is a wide consensus, it's that American corporate greed and negligent financial oversight is to blame for all the mess.
Zimbabwe will get no financial assistance from the International Monetary Fund until it moves ahead with sound policies and settles its outstanding debt, the IMF said Wednesday.
European leaders have agreed to make $100 billion available to the International Monetary Fund and €50 billion ($68 billion) to eastern European countries, British Prime Minister Gordon Brown said Friday.
The global economic slowdown is so severe that the worldwide economy will contract for the first time in 60 years, the International Monetary Fund says.
The global economic slowdown is so severe that the worldwide economy will contract for the first time in 60 years, the International Monetary Fund says.
Financial experts from 20 nations urged more regulation and oversight of fiscal institutions to help prevent another monetary crisis, as they laid the groundwork Saturday for next month's G20 Summit of world leaders.
U.S. Treasury Secretary Tim Geithner on Wednesday said he wants to expand by ten-fold an emergency international fund that loans money to troubled countries.
The world needs a "global New Deal" to haul it out of the economic crisis it faces, Prime Minister Gordon Brown of the United Kingdom said Sunday.
The world's stock markets moved into positive territory Wednesday despite an International Monetary Fund report which said the global economy was heading for its worst year since World War II.
With overall global economic growth slowing to a near standstill this year, 2009 will be the most challenging year for economies across the globe since World War II, according to an International Monetary Fund report released Wednesday.
The International Monetary Fund has approved a $7.6 billion loan to Pakistan to help the South Asian country of 170 million people avoid an economic collapse.
Nordic countries agreed to lend struggling Iceland $2.5 billion to help it recover from a series of crippling bank failures, bolstering a $2.1 billion aid package from the International Monetary Fund, their governments announced Thursday.
A group of nearly two dozen world leaders on Saturday reached agreement on a wide-ranging set of proposals to better regulate financial markets. Their goal is over the next several months to put rules and early-detection systems in place to head off another financial crisis like the one currently damaging economies worldwide.
Pakistan has agreed to borrow $7.6 billion from the International Monetary Fund to avoid adding an economic crisis to its struggle against Islamic militants, an official said Saturday.
British Prime Minister Gordon Brown, on a tour of the Gulf, said he is seeking hundreds of billions of dollars to boost the International Monetary Fund's reserves
Ukraine's parliament on Wednesday gave initial approval to legislation crucial for receiving an emergency loan from the International Monetary Fund, as forecasts of the country's financial crisis grew gloomier.
Hopes that robust growth in emerging markets would counteract the financial meltdown appear to be dashed as the contagion chokes their economies
Until now the major focus of investors during the financial crisis has been on the big economies of the U.S., Europe and Asia. However the contagion has now spread to emerging economies in Eastern Europe and South America, where concerns about growth built on cheap credit have ravaged currency and stock values.
In clearing Strauss-Kahn of violating any ethics code, the Executive Board made its disdain of his adulterous behavior clear
The executive board of the International Monetary Fund announced Saturday that although its director had "a serious error of judgment" in having an extramarital affair with an employee, he would stay on in his job.
Iceland is nearing a deal to borrow up to $2.1 billion from the International Monetary Fund to prop up its economy, the IMF and Icelandic Prime Minister Geir Haarde's office announced Friday.
Governments and central banks of the world's leading nations have taken unprecedented coordinated actions in the past month to help out battered financial markets and economies around the globe.
Iceland is nearing a deal to borrow up to $2.1 billion from the International Monetary Fund to prop up its economy, the IMF and Icelandic Prime Minister Geir Haarde's office announced Friday.
The International Monetary Fund on Wednesday issued a gloomy economic outlook for the United States and the Western Hemisphere, saying U.S. economic growth will be close to zero or even slightly negative for the rest of 2008 and the following few months.
French managing director Dominique Strauss-Kahn is under investigation for possible abuse of power
European countries acted quickly Monday to shore up troubled banks by promising billions of euros in loan guarantees and capital investment.
World leaders, warning of a global economic downturn, pledged Saturday to work together to find solutions to what is unfolding as the worst financial crisis since the Great Depression.
World leaders, warning of a global economic downturn, pledged Saturday to work together to find solutions to what is unfolding as the worst financial crisis since the Great Depression.
The Federal Reserve and Treasury Department haven't been able to stop the panic gripping U.S. financial markets.
Europe must show that it can respond like the United States in the "trial by fire" of the global financial crisis, International Monetary Fund head Dominique Strauss-Kahn says.
This week, the International Monetary Fund (IMF) warned the Gulf countries that inflation could pose a serious risk to their economies.
CNN International's Financial Editor Todd Benjamin gives his own thoughts and impressions in this blog.
The International Monetary Fund said on Saturday it saw no immediate risks of a financial crisis for Asian economies hit in recent months by a heavy influx of global capital.
China supports proposed changes to the International Monetary Fund' s voting rights system but they don' t go far enough to empower some developing regions, China' s finance minister said Thursday.
WASHINGTON -(Dow Jones)- The International Monetary Fund board on Friday praised Brazil for its economic policy and performance, saying the country's central bank has room for further steady easing of monetary policy.
Some of the billions in windfall profits going to overseas oil producers are coming back to the United States in the form of foreign investment, according to a published report.
Finance officials from all over the globe gathered under heavy guard to push for a stepped-up fight against terror financing while warning the poor must not be forgotten.
The much-improved recent economic reports on the labor market and retail sales are fueling speculation that the Federal Reserve could alter its stance on keeping interest rates low, perhaps as early as this summer, according to two separate reports Monday.
A new report from the International Monetary Fund suggests deficit spending by the United States has supported global recovery over the past several years but warns that its adverse effects on long-term interest rates cannot be delayed for long.
The decision by Horst Koehler to step down from the top stop at the International Monetary Fund has sparked a debate over who will be his successor.
Just two years ago, emerging economies were in heaps of trouble. The light at the end of the financial-crisis tunnel appeared to be a train barreling the other way. Doomsayers like Charles Wolf, an...
Around 1 P.M. on Monday, April 17, a woman with a foam evergreen tree on her head stood before a police barricade on Washington's Pennsylvania Avenue, picked up a bullhorn, and asked several hundre...
Whatever happens next, the Great Asian Slump is already one for the record books. Never in the course of economic events--not even in the early years of the Depression--has so large a part of the w...
For decades, the only thing anybody had to know about forest fires was that they were bad--and that Smokey the Bear wanted us to prevent them. Then naturalists began pointing out that the success o...
When American business talks about capitalism, it usually means free markets for everyone but itself. Thus, the Chamber of Commerce, the National Association of Manufacturers, and big exporters lik...
The superlatives are flying. Singapore Prime Minister Goh Chok Tong calls it "Asia's worst crisis since the Second World War." Others say it may pose the biggest threat to world economic and politi...
Away from the glare of TV cameras that follow South Africa's Nelson Mandela, most of the 47 nations that make up sub-Saharan Africa are quietly jettisoning socialism in favor of economic liberaliza...
LAST MONTH'S 100-point drop in the Dow, triggered by disappointing news about the U.S. trade deficit, was a glint on the sword that hangs over the world financial system. In another month or so, Am...
For ready reference during this tour of foreign markets, we offer a glossary:
Economists have a hard enough time deciphering the world economy without having to worry about money that just plain disappears. But in the past several years a black hole seemingly has swallowed h...
FOR MOST of the year Brazil's finance minister was one of the most popular men in the country. Dilson Funaro, 53, put together economic reforms that tamed inflation, which had risen to a 500% annua...
May 28: International Monetary Fund staff members arrive in Brazil to negotiate a loan package with the new government. June 1: Telephone customers start getting billed $1 a month for local access ...
EVIDENCE IS BUILDING that the international debt crisis is over. Gone is the nerve-jangling prospect that the world banking system might suddenly collapse as large Latin American countries proved u...
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