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IMF Names Chinese Managing Director

Posted July 12th, 2011 at 7:05 pm (UTC-5)
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The International Monetary Fund has named a Chinese economist to a high-ranking position, a move seen as recognizing China’s growing power in the global economy. Zhu Min was named to the post of deputy managing director of the IMF on Tuesday. Also Tuesday, the IMF named a senior White House official, David Lipton, to the […]

Tags: , Posted in East Asia Pacific, Economy

IMF Approves $4.3 Billion for Greece

Posted July 8th, 2011 at 7:05 pm (UTC-5)
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The International Monetary Fund has approved the release of about $4.3 billion as part of an effort to help Greece pull back from an impending debt default. The IMF’s executive board approved the package Friday. The payment is part of a $156 billion bailout package from the IMF and European Union that was agreed on […]

Tags: , Posted in Europe

IMF Approves $4.3 Billion for Greece

Posted July 8th, 2011 at 6:35 pm (UTC-5)
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The International Monetary Fund has approved the release of about $4.3 billion as part of an effort to help Greece pull back from an impending debt default. The IMF’s executive board approved the package Friday. The payment is part of a $156 bailout package from the IMF and European Union that was agreed on last […]

Tags: , Posted in Europe

Prosecutor in Strauss-Kahn Case Rejects Calls to Step Down

Posted July 7th, 2011 at 12:10 am (UTC-5)
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The New York prosecutor handling the sexual assault case against former International Monetary Fund chief Dominique Strauss-Kahn has rejected calls to step down. Attorneys representing the hotel maid who accuses Strauss-Kahn of attempted rape asked New York District Attorney Cyrus Vance on Wednesday to recuse himself from the case. They say Vance leaked information damaging […]

Tags: , , Posted in Americas

Lagarde Pledges to Move Forward with IMF Reforms

Posted July 6th, 2011 at 10:55 am (UTC-5)
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The new head of the International Monetary Fund, Christine Lagarde, has pledged to move forward with reforms to give emerging economies more influence at the lending organization. Speaking Wednesday in her first news conference as IMF chief, the former French finance minister said the world economy is rebounding from the financial crisis, but unevenly, with […]

Tags: , Posted in Americas, Economy, Europe, US

French Writer Files Attempted Rape Complaint Against Strauss-Kahn

Posted July 5th, 2011 at 2:35 pm (UTC-5)
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A lawyer for a French author says he has filed a criminal complaint against former International Monetary Fund chief Dominique Strauss-Kahn alleging that he tried to rape her in 2003. Attorney David Koubbi said he filed the complaint Tuesday with the Paris prosecutor’s office, accusing Strauss-Kahn of the attempted assault on writer Tristane Banon while […]

Tags: , , Posted in Europe

New Details Surface About Accuser in Strauss-Kahn Case

Posted July 2nd, 2011 at 5:00 pm (UTC-5)
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More potentially damaging details emerged Saturday about the hotel maid who accused former International Monetary Fund chief Dominique Strauss-Kahn of sexual assault. A law enforcement official says soon after the incident, the maid spoke of possibly making money off of it in a recorded telephone conversation with her boyfriend, who was jailed at the time […]

Tags: , , , , Posted in US

Strauss-Kahn Released from House Arrest, Charges Still Stand

Posted July 2nd, 2011 at 12:30 am (UTC-5)
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Former International Monetary Fund chief Dominique Strauss-Kahn has been released from house arrest, after prosecutors raised questions about the credibility of the hotel maid accusing him of sexual assault. A New York judge agreed Friday to return Strauss-Kahn’s bail and lift some pre-trial restrictions on his movements. Strauss-Kahn’s lawyer says he is now free to […]

Tags: , , Posted in Americas

Strauss-Kahn Released from House Arrest, Charges Still Stand

Posted July 1st, 2011 at 6:15 pm (UTC-5)
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Former International Monetary Fund chief Dominique Strauss-Kahn has been released from house arrest, after prosecutors raised questions about the credibility of the hotel maid accusing him of sexual assault. Strauss-Kahn left a New York courthouse Friday, after a judge agreed to return his bail and revoke pre-trial restrictions on his movements. He is free to […]

Tags: , , , , Posted in US

Strauss-Kahn Released from House Arrest, Charges Still Stand

Posted July 1st, 2011 at 12:55 pm (UTC-5)
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Former International Monetary Fund chief Dominique Strauss-Kahn was released from house arrest and left a New York court without bail Friday, after prosecutors raised questions about the credibility of the hotel maid accusing him of sexual assault. Strauss-Kahn smiled as he left the courthouse after the judge agreed to return Strauss-Kahn’s bail and revoke pre-trial […]

Tags: , , , , Posted in US

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