IMF

Despite the fact that its sees the global economic recovery gaining strength, the IMF released a dour report on the size of the fiscal deficits and stability of the financial markets. The IMF warned “Among the advanced economies, the United States, in particular, needs to adopt measures that would...

The International Monetary Fund has received a request for aid from distressed country Portugal. Earlier this week the sovereign credit rating of the country was downgraded by major U.S. ratings agencies. The IMF is saying that it stands ready to support Portugal.

Moody's analysts cut Portugal's sovereign debt rating one notch Tuesday, taking a wait-and-see approach to the financial crisis surrounding the Portuguese debt load. "The limited migration of the rating to Baa1 (and not lower) in today's action, reflects Moody's assessment that assistance would be...

IMF managing director John Lipsky spoke to Reuters Insider in an interview and said that higher oil prices could hit growth forecasts if the gains stay here for long. "If that is sustained of course that will have a more negative impact," Lipsky said in the interview. The IMF has not yet...

Ireland's (NYSE: IRE) parliament has approved its 2011 budget that meets International Monetary Fund (IMF) and European Union (EU) requirements. By meeting the requirements, Ireland secures an 85 billion Euro bailout. An AFP article reports the IMF released a statement saying, "We welcome approval...

The Korea Composite Stock Price Index, or the KOSPI, had another strong showing during Thursday trading in Seoul, with the index opening well above yesterday's closing level and ending the trading day on a high note. The KOSPI ended the day up 20.94 points, or 1.09%, at the high point of 1,950.26....

The Taiwanese stock market had another strong performance during Thursday trading, with the Taiwan Capitalization Weighted Stock Index hitting a 52-week high of 8,641.13. The Taiwan Capitalization Weighted Stock Index, or the TSEC weighted index, opened well above the previous trading day's close...

The International Monetary Fund on Thursday sought to head off a battle over currency values and restore global economic cooperation strained by an uneven recovery from the financial crisis. IMF Managing Director Dominique Strauss-Kahn said at a news conference that a weakening in the spirit of...

The International Monetary Fund raised its global growth forecast on Thursday, citing economic stabilization in the United States and strength in Asian markets. It noted, however, that growth opportunities for the Euro zone will be limited due to sovereign debt problems. In its latest update of the...

IMF chief Dominique Strauss-Kahn has said that public debt in the advanced economies is at an alarming level. He also said that the level of debt is likely to increase further due to economic challenges. He stated that the global economy seems to be recovering. He also said that the global economy...

IMF chief Dominique Strauss-Kahn has said that public debt in the advanced economies is at an alarming level. He also said that the level of debt is likely to increase further due to economic challenges. He stated that the global economy seems to be recovering. He also said that the global economy...