IMF

President Obama has been briefed on the Greek debt crisis, as Greece is getting closer by the day to a default. Obama said that Europe has the capability to deal with the problem, which could mean that he is distancing himself from the situation. The IMF has a stake in the Greek bailout, and the...

Stocks across Europe and Asia are down significantly Thursday, as European officials fumble to establish a solution to Greece's ongoing sovereign debt woes. London's FTSE is down 1.2% today, with Germany's DAX index 0.9%. Asian shares were hit harder Thursday, with Japan's Nikkei index down 1.7%...

The publicly accessible website of the Central Intelligence Agency went offline Wednesday, and a notorious hacking group has claimed responsibility for it. Lulz Security has confirmed its participation in the attacks, which brought the CIA.gov website down in cities across the world. Lulz...

In what is becoming an all too familiar occurrence, on Wednesday millions of Greeks took part in nationwide strikes, with thousands taking to the streets in protest against further austerity measures. The Greek government says that the new round of austerity measures is needed in order to receive...

There is growing evidence that some of the world's major developing economies might be overheating. China and Turkey in particular. China has been experiencing rapid economic growth for nearly the whole of the previous decade. The Shanghai composite index is up over 100% since 2005, and roughly...

The likelihood that Greece will default on its debts increased yesterday after the Standard & Poor's rating agency gave Greece the lowest credit rating of any country that it covers in the world. This immediately sent Greece's borrowing costs higher as 10-year Greek bonds with yields above 17...

The Senate's website was the latest victim to cyberattacks over the weekend, according to the office in charge of the site's security. The Sergeant at Arms Office, which monitors the site, said that no personal Senator information was released. "We were responding to their allegations. Basically...

Senators Charles Schumer of New York and Joe Manchin of West Virginia have requested that the Drug Enforcement Agency investigates the website Silk Road, according to CNet. Silk Road is a website designed to be accessed anonymously and to facilitate the transaction of illegal drugs. To ensure...

The Federal Bureau of Investigation is looking into a a recent cyberattack on the International Monetary Fund, a spokesman told Reuters Saturday. "The FBI is working this with IMF," the spokeswoman, Lieutenant Colonel April Cunningham of the Air Force said in an e-mail. The IMF recently told its...

The interim Managing Director of the International Monetary Fund (IMF) said in an interview Wednesday that any U.S. slowdown is likely only temporary, and more Federal Reserve action is not necessary. Speaking with Reuters today, acting IMF chief John Lipsky did concede that developed economies...

The euro rallied on Thursday afternoon, after Reuters reported that euro zone officials came to a preliminary agreement over a new aide package that would fund Greece for three more years. Greece remains under tremendous financial stress as it struggles to get its fiscal house in order. In recent...

A German newspaper, citing unnamed sources, reported Wednesday that the International Monetary Fund (IMF) would withhold its portion of a coming bailout payment to Greece. Frankfurter Allgemeine Zeitung (FAZ) said that the IMF's 12 billion euro aid payment would not be paid at the end of the month...

Jean-Claude Juncker told reporters in Paris on Tuesday that a new definitive plan would be unveiled to bailout Greece "by the end of June", according to Bloomberg. In his statements, he ruled out the possibility of a "total restructuring" of Greek debt. He did not, however, rule out a partial-...

Give a man a fish, you feed him for a day. Teach a man to fish, you feed him for a lifetime. Loan a man a fish, and you enslave him forever. Europe can't seem to decide whether it wants to make money off Greece, minimize losses from Greece, or serve a humanitarian purpose and truly wipe the slate...

The Swiss franc depreciated against world currencies today, dropping almost 1% against the euro. Bloomberg reported that economic data showing a slowdown in the Swiss economy was the catalyst for the depreciation. Last Thursday, the IMF released a report recommending that the Swiss tighten their...