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 […]
IMF Approves $4.3 Billion for Greece
Posted July 8th, 2011 at 7:05 pm (UTC-5)
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 […]
IMF Approves $4.3 Billion for Greece
Posted July 8th, 2011 at 6:35 pm (UTC-5)
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 […]
Prosecutor in Strauss-Kahn Case Rejects Calls to Step Down
Posted July 7th, 2011 at 12:10 am (UTC-5)
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 […]
Lagarde Pledges to Move Forward with IMF Reforms
Posted July 6th, 2011 at 10:55 am (UTC-5)
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 […]
French Writer Files Attempted Rape Complaint Against Strauss-Kahn
Posted July 5th, 2011 at 2:35 pm (UTC-5)
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 […]
New Details Surface About Accuser in Strauss-Kahn Case
Posted July 2nd, 2011 at 5:00 pm (UTC-5)
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 […]
Strauss-Kahn Released from House Arrest, Charges Still Stand
Posted July 2nd, 2011 at 12:30 am (UTC-5)
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 […]
Strauss-Kahn Released from House Arrest, Charges Still Stand
Posted July 1st, 2011 at 6:15 pm (UTC-5)
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 […]
Strauss-Kahn Released from House Arrest, Charges Still Stand
Posted July 1st, 2011 at 12:55 pm (UTC-5)
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 […]
