'Wartime' debt threat to global economy: Lagarde
Public debt in developed countries standing at "wartime levels" is the biggest threat to the global economy, IMF chief Christine Lagarde warned in Tokyo on Friday.
12 October 2012
IMF wants to give Greece two more years
The International Monetary Fund is happy for debt-battered Greece to have an extra two years to bring its runaway deficit in line with the demands of global creditors.
Spain, France vow action on eurozone crisis
The leaders of France and Spain vowed concerted action on the eurozone as they met on Wednesday amid IMF calls for new measures to control the debt crisis threatening the global economy.
US sues Wells Fargo for mortgage fraud
The US filed suit Tuesday against US banking giant Wells Fargo, alleging mortgage fraud that cost the government hundreds of million of dollars after the holders of the home loans defaulted.
11 October 2012
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Britain faces sink or swim moment, Cameron says
Britain faces a sink or swim moment and must take painful action to avoid falling behind its global competitors, Prime Minister David Cameron was set to warn on Wednesday.
IMF: US 'fiscal cliff' would set back world economy
The International Monetary Fund warned US leaders that hitting the looming "fiscal cliff" would not only crush the American economy but spin havoc through the rest of the world.
11 October 2012
IMF meet in Tokyo to address anxiety about growth
Finding ways to boost the slowing global economy and helping poor nations fend off financial shocks will be on the agenda at meetings this week of the International Monetary Fund and World Bank in Tokyo.
11 October 2012
Japan hosts IMF meet 50 years after economic miracle
The last time Japan hosted an International Monetary Fund summit nearly 50 years ago, the nation was a leader in innovation and economic growth that made it the envy of the world.