IMF

Chinese imports plummeted during the month of January, signaling that the rapid economic growth of the world's second biggest economy might be slowing down. Chinese imports dropped 15.3% in January, compared to the same month last year, while exports fell by just 0.5%. The sudden drop in imports...

China reported unexpectedly high inflation in January, fueled in part by increased spending during the week long Chinese Lunar New Year. China's National Bureau of Statistics reported that January inflation surged to 4.5%, well above consensus estimates. A 10.5% rise in food prices was the leading...

The International Monetary Fund (IMF) warned on Monday that Chinese economic growth could be cut in half if the financial crisis facing the European Union causes European and American economies to fall into recession. Although the IMF forecast 8.2% growth for China this year, it said that the...

The financial crisis facing the European Union claimed another member country's leader when Romanian Prime Minister Emil Boc announced on Monday his decision to step down. Prime Minister Boc said that he was resigning in order to reduce political and social tension that had been growing after weeks...

Following in the footsteps of the World Bank, the IMF downgraded its view for global growth on Tuesday. The IMF now sees global growth at 3.25% versus the 4% it was projecting in September. The commentary out of the IMF acknowledges the seeming Catch-22 that the developed world finds itself in,...

Following in the footsteps of the World Bank, the IMF downgraded its view for global growth on Tuesday. The IMF now sees global growth at 3.25% versus the 4% it was projecting in September. The commentary out of the IMF acknowledges the seeming Catch-22 that the developed world finds itself in,...

There is apparently no end to the ongoing European debt crisis. It just seems to duck and turn from one bad situation to another. There are so many different entities involved, so many cultural differences, so many factors that are tangled like Christmas tree lights in a trash bag, that any...

Mario Draghi, the president of the European Central Bank, recently spoke about the European debt situation. Many investors have voiced concerns regarding the European Union as a whole as well as its currency. As a response to fears regarding the region, Draghi came out to say that the speculation...

Italian Prime Minister Mario Monti is asking his country's parliament to pass another round of austerity measures aimed at preventing an Italian default. The latest set of austerity measures being presented to the Italian Parliament is said to be around 30 billion euros ($40 billion). The measures...

Dow futures spiked early on Friday morning when it was reported that the European Central Bank (ECB) might lend money to the International Monetary Fund (IMF). Speculation is that the money lent by the ECB to the IMF would be funneled back to Europe in the form of IMF aid. Many market...

European Central Bank President Mario Draghi told the European Parliament on Thursday that the eurozone must become more integrated. Draghi said that the most important step in leading the eurozone out of its current sovereign debt crisis would be to create a new "shared fiscal compact" in which...

Italian government 3-year bond yields reached euro-era highs during the country's latest bond auction. While the Italian government was successful in raising 7.5 billion euros ($10 billion) during the auction, the steep interest rates that it was forced to pay are troubling. The interest rate that...

The International Monetary Fund (IMF) is denying rumors reported in Italian newspaper La Stampa that the IMF and the Italian government are discussing the possibility of a 600 billion euro rescue package. The interest rate on the 600 billion euros worth of funding was reported to be between four...

According to various reports, Black Friday 2011 was significantly more successful than Black Friday 2010. The National Retail Federation reports that retail sales jumped 16% from the prior year, and shoppers spent on average roughly $35 more per person. The trend in online retail was even more...

Question: What is scarier than the fact that America is heavily in debt to China? Answer: America being heavily in debt to China, and China's banks looking increasingly more vulnerable. According to numerous reports on Tuesday, the International Monetary Fund (IMF) has issued a clear warning over...