Here are the prices of some key commodities traded in New York on Tuesday: Crude oil prices gained more than $2 to close at $92.89 per barrel. Coffee futures rose 8 cents to finish at $2.58 per pound. Copper prices rose 4 cents to $4.09 a pound. Cocoa prices rose $60 to finish the day’s […]
IMF Critics Call For Reforms
Posted June 28th, 2011 at 2:35 pm (UTC-5)
Critics of the International Monetary Fund are calling for reforming the global lender and changing the way it picks leaders, as French Finance Minister Christine Lagarde was chosen to be the next IMF managing director on Tuesday. The head of the world’s largest bond fund, economist Mohamed El-Erian says she should “hard-wire” a selection process […]
Lagarde Chosen to Head IMF
Posted June 28th, 2011 at 2:20 pm (UTC-5)
French Finance Minister Christine Lagarde has been chosen to head the International Monetary Fund. Lagarde is an attorney and has been France’s finance minister since 2007. Previously, she was her country’s minister for foreign trade for two years. The IMF’s Executive Board made the selection Tuesday after Lagarde received the endorsement of the United States, […]
Lagarde To Head IMF
Posted June 28th, 2011 at 1:55 pm (UTC-5)
French Finance Minister Christine Lagarde has been chosen to head the International Monetary Fund. The 24-member IMF Executive board made the decision Tuesday in Washington. The top IMF post is vacant because former Managing Director Dominique Strauss-Kahn resigned after being arrested in New York on charges of sexual assault. He denies the allegations. The IMF […]
IMF Critics Call For Reforms
Posted June 28th, 2011 at 1:10 pm (UTC-5)
Critics of the International Monetary Fund are calling for reforming the global lender and changing the way it picks leaders. The head of Pimco, the world’s largest bond fund, economist Mohamed El-Erian says French Finance Minister Christine Lagarde is likely to be the next IMF Managing Director. He urges her to “hard-wire” a selection process […]
US Stocks Rise
Posted June 28th, 2011 at 1:10 pm (UTC-5)
U.S. stock market indexes rose in Tuesday’s midday trading. The Dow Jones Industrial Average and the S&P 500 advanced one percent, while the NASDAQ gained 1.2 percent. European stock markets were higher at the close of trading. London’s Financial Times 100 index gained eight-tenths of a percent to end at 5,767. The CAC-40 in Paris […]
Washington Backs Lagarde To Head IMF
Posted June 28th, 2011 at 12:25 pm (UTC-5)
The United States is supporting French Finance Minister Christine Lagarde in her bid to be the next head of the International Monetary Fund. Russia and Brazil also publicly endorsed her on Tuesday. U.S. Treasury Secretary Timothy Geithner cited Lagarde’s “exceptional talent and broad experience.” Geithner also commended her rival for the post, Mexican central bank […]
US Housing Prices Rise
Posted June 28th, 2011 at 11:30 am (UTC-5)
Economic reports Tuesday show U.S. housing prices going up, and consumer confidence falling. The S & P / Case-Shiller home price index showed a gain in April, the first monthly increase in nine months. While prices were better than the prior month, they remain below the same period a year ago. Severe problems in the […]
US Stocks Rise
Posted June 28th, 2011 at 11:05 am (UTC-5)
U.S. stock market indexes rose in Tuesday’s early trading. The Dow Jones Industrial Average, the S&P 500, and the NASDAQ all gained around nine-tenths of a percent. European stock markets were higher in afternoon trading. London’s Financial Times 100 index gained 1.1 percent, the CAC-40 in Paris jumped 1.7 percent, and the DAX in Frankfurt […]
Washington Backs Lagarde To Head IMF
Posted June 28th, 2011 at 10:40 am (UTC-5)
The United States is supporting French Finance Minister Christine Lagarde in her bid to be the next head of the International Monetary Fund. Russia also publicly endorsed her on Tuesday. In a note to journalists, U.S. Treasury Secretary Timothy Geithner cited Lagarde’s “exceptional talent and broad experience.” Geithner also commended her rival for the post, […]
