The new head of the International Monetary Fund is pledging to serve the institution’s “entire membership” with the same focus and spirit as it has during the global financial crisis. French Finance Minister Christine Lagarde, who was chosen as IMF Managing Director Tuesday, said in a statement the IMF must be “relevant, responsive, effective and […]
Lagarde Pledges to Serve ‘Entire’ IMF Membership
Posted June 28th, 2011 at 7:00 pm (UTC-5)
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10 People Reportedly Killed in Attack on Luxury Kabul Hotel
Posted June 28th, 2011 at 6:35 pm (UTC-5)
At least six suicide bombers and gunmen stormed a luxury hotel in the Afghan capital, Kabul, late Tuesday and early reports indicate that 10 people have been killed. The Taliban claimed responsibility for the attack on the Intercontinental Hotel. Spokesman Zabihullah Mujahid said the group was targeting foreign guests, and that the attackers killed or […]
10 People Reportedly Killed in Attack on Luxury Kabul Hotel
Posted June 28th, 2011 at 5:40 pm (UTC-5)
Several attackers believed to be wearing suicide vests stormed a luxury hotel in the Afghan capital, Kabul, late Tuesday and early reports indicate that 10 people have been killed. The Taliban claimed responsibility for the attack on the Intercontinental Hotel. Spokesman Zabihullah Mujahid said the group was targeting foreign guests and that heavy casualties have […]
US Stocks Rise
Posted June 28th, 2011 at 4:20 pm (UTC-5)
U.S. stock market indexes rose in Tuesday’s trading. The Dow Jones Industrial Average gained 1.2 percent to close at 12,189. The S&P 500 advanced 1.3 percent to end at 1,297, while the NASDAQ jumped 1.5 percent to finish at 2,729. European stock markets were higher at the close of trading. London’s Financial Times 100 index […]
Taliban Claims Responsibility for Attack on Luxury Kabul Hotel
Posted June 28th, 2011 at 4:20 pm (UTC-5)
The Taliban has claimed responsibility for an attack on a luxury hotel in the Afghan capital, Kabul, late Tuesday. Taliban spokesman Zabihullah Mujahid said the group was targeting foreign guests at the Intercontinental Hotel. Local police said at least one suicide bomber blew himself up inside the hotel, adding there were no immediate reports of […]
Greek Police Clash with Protesters as Workers Strike
Posted June 28th, 2011 at 3:30 pm (UTC-5)
Thousands of protesters are clashing with Greek police on the streets of Athens, hurling rocks and fire bombs at them on the first day of a general strike protesting a new round of national austerity reforms. At least 4,000 police converged on the central part of the Greek capital Tuesday as about 20,000 people rallied […]
Former Afghan Bank Chief Faces Charges
Posted June 28th, 2011 at 2:50 pm (UTC-5)
Afghanistan’s deputy attorney general says the former head of the country’s central bank, who resigned and fled the country, faces charges and will be prosecuted. Central Bank Governor Abdul Qadir Fitrat left Afghanistan for the United States and stepped down from his post Monday, saying he feared for his life after investigating the corruption scandal […]
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 […]
Sudanese President Arrives 1 Day late for China Visit
Posted June 28th, 2011 at 12:05 am (UTC-5)
Sudanese President Omar al-Bashir has arrived in Beijing a day late for a meeting with Chinese President Hu Jintao. Television coverage showed the African leader disembarking from his airplane and being greeted by officials in the Chinese capital Tuesday morning. A Monday evening meeting with Mr. Hu was canceled after Mr. Bashir failed to arrive […]
