uk.IBTimes.com : International Monetary Fund Topic

Japan: Still the World's Top Creditor Nation for 21 Years

Thu, 24 May 2012 19:58:03 +0100

Japan has retained its position as the world's top creditor nation in 2011, a title it has held on to for the past 21 years.

Asia Market Preview Gold, SIlver and Oil Prices

Thu, 24 May 2012 15:49:17 +0100

US Gold futures prices finished pit trade a bit higher, but off the early session highs Thursday. Gold, Silver and Crude Oil Trading. US Gold futures prices finished pit trade a bit higher, but off the early session highs Thursday. A strengthening USD index prompted the precious Yellow metal to back off its daily high. Jun Gold last traded + 5.00 at 1,553.00 oz.

Bargain hunters let Britain's FTSE recoup losses

Thu, 24 May 2012 12:49:04 +0100

Britain's benchmark share index recovered on Thursday from stinging losses during the previous session as bargain hunters snapped up beaten-down financial and commodities stocks, although traders said any rally could prove short-lived.

BoE's Miles says gilt purchases still effective

Thu, 24 May 2012 10:28:03 +0100

Bank of England policymaker David Miles said on Thursday that he believed that conducting quantitative easing via gilt purchases was still the best way for the central bank to stimulate the economy, rejecting calls to buy other assets.

British recession deepens as euro zone woes mount

Thu, 24 May 2012 09:07:03 +0100

A slump in construction output drove Britain even deeper into recession than initially thought in the first quarter of this year, raising the chance the Bank of England will inject more cash to prop up the faltering economy.

Succession question fuels uncertainty in Oman

Thu, 24 May 2012 06:28:03 +0100

Oman's Sultan Qaboos bin Said rules his perch on one of the world's busiest shipping lanes as an absolute monarch, without checks from a parliament or judiciary.

UK recession deepens as euro zone woes mount

Thu, 24 May 2012 05:28:02 +0100

Britain fell deeper into recession than first thought in the first quarter of this year after a sharp drop in construction output, raising the likelihood the Bank will need to inject more stimulus to protect the economy from the raging euro zone debt crisis.

UK economy contracted more than expected in Q1

Thu, 24 May 2012 04:49:02 +0100

Economy shrank more than first thought between January and March, after the deepest fall in construction output in three years, while government spending made the biggest contribution to growth, official data showed on Thursday.

EU Wants Greece to Stay, but Grexit Plans Being Worked Out

Thu, 24 May 2012 00:59:42 +0100

EU leaders ask Greece to commit itself to austerity and stay the course on reforms.

Spain to inject $11.3 billion funding gap at Bankia

Wed, 23 May 2012 14:42:02 +0100

Spain said on Wednesday its rescue of problem lender Bankia would cost at least 9 billion euros ($11 billion), as the government tries to clean up a banking system that threatens to drag the country deeper into the euro zone crisis.

Spain to fill 9 billion euro funding gap at Bankia

Wed, 23 May 2012 14:35:02 +0100

Spain said on Wednesday its rescue of problem lender Bankia would cost at least 9 billion euros (7.2 billion pounds), as the government tries to clean up a banking system that threatens to drag the country deeper into the euro zone crisis.

David Cameron's 600,000 Job Creation Claim to Parliament 'Not True'

Wed, 23 May 2012 11:12:58 +0100

Britain's prime minister told David Cameron parliament that 600,000 jobs had been created in the private sector since his coalition government took office in May 2010.

Euro crisis pain primes Britain for more stimulus

Wed, 23 May 2012 10:21:03 +0100

The Bank of England signalled on Wednesday it was likely to pump more money into the struggling British economy if the euro crisis causes more mayhem, and the government flagged new steps to boost growth.

Italian Consumer Confidence Hits 15-Year Low, UK Retail Sales Slump

Wed, 23 May 2012 09:53:45 +0100

European consumers are tightening the purse strings as their confidence in the region's economy continues to fade amid concern that the recession may worsen.

Spain's Banks In Focus Ahead Of Bankia Rescue Plan

Wed, 23 May 2012 07:35:03 +0100

Spain may say on Wednesday how it will plug a hole of at least 8 billion euros ($10.21 billion) at Bankia, part of an effort to clean up a banking sector laden with bad debts and stop the country sinking further into the euro zone debt crisis.

Euro crisis keeps BoE primed to pump out more cash

Wed, 23 May 2012 05:56:02 +0100

LONDON, May 23 - The Bank of England will pump more money into the faltering British economy if the euro crisis causes more mayhem, minutes of the Bank's last meeting showed on Tuesday, as data revealed a sharp pull back in spending by skittish consumers.

Saudis pledge $3.25 billion in aid to Qaeda-hit Yemen

Wed, 23 May 2012 05:42:04 +0100

Saudi Arabia, concerned that chaos in Yemen is creating an al Qaeda base on its doorstep, pledged $3.25 billion in aid to its neighbour at a donor group meeting two days after more than 90 Yemeni soldiers were killed in a suicide attack.

Egypt Goes To Polls For Historic Presidential Election

Wed, 23 May 2012 05:32:23 +0100

Egypt went to polls Wednesday in country's first free election for a president after weeks of intense speculation and debate. The historic presidential election, contested by Islamists and secularists, heralds the setting up of a democratic system.

BoE saw case for more stimulus in May as euro crisis risks loom

Wed, 23 May 2012 05:14:03 +0100

The Bank of England's policymakers already saw a case for more monetary stimulus in May as the euro crisis posed risks to the faltering economy, minutes to their last meeting showed.

World Bank cuts China forecast, urges measured policy

Tue, 22 May 2012 22:35:02 +0100

The World Bank cut its economic growth forecast for China this year to 8.2 percent on Wednesday and urged the country to rely on easier fiscal policy that boosts consumption rather than state investment to lift activity.

Strauss-Kahn accuser adds new claim to lawsuit

Tue, 22 May 2012 18:00:04 +0100

Lawyers for the hotel maid who accused Dominique Strauss-Kahn of sexual assault added another claim to her civil lawsuit against him Tuesday, taking advantage of a little-used New York City law that applies to "gender-motivated violence.".

IMF's Christine Lagarde tells UK: 'Growth Too Slow' [NEWS VIDEO]

Tue, 22 May 2012 12:30:32 +0100

The British government and the Bank of England must do much more to stimulate growth in the country's economy, the IMF's Christine Lagarde said.

Strong miners, Vodafone help Britain's FTSE rally

Tue, 22 May 2012 12:14:02 +0100

Britain's leading share index jumped on Tuesday, driven by gains in mining stocks as the demand picture for metals was brightened by hopes of fresh moves by China to boost its economy.

Germany, France draw battle lines over eurozone bonds

Tue, 22 May 2012 09:28:02 +0100

Germany dismissed a French-led call for euro zone nations to issue common bonds, a day before a European Union leaders' summit which investors are looking to for new measures to counter the bloc's debt crisis.

IMF tells the government: Do more to drive growth

Tue, 22 May 2012 08:42:03 +0100

Britain must do more to bolster demand and the Bank of England should purchase more assets or even cut its main interest rate - already at a record low - to prevent years of sluggish growth, the International Monetary Fund said on Tuesday.

IMF tells Britain: Do more to drive growth

Tue, 22 May 2012 07:14:01 +0100

Britain must do more to avoid lasting hit to economy - IMF

Tue, 22 May 2012 05:28:02 +0100

The government and the Bank of England must take action to avoid lasting damage to the country's economy, the International Monetary Fund said on Tuesday.

Greeks embrace some new myths about life with the euro

Tue, 22 May 2012 03:21:02 +0100

In a land of ancient myths, modern Greeks have created some of their own about their near-bankrupt country's future as an integral part of a Europe that will never kick them out.

Gold: The World’s Friend for 5,000 Years

Mon, 21 May 2012 16:40:57 +0100

Facebook's highly anticipated initial public offering today helped the company raise $16 billion, a record for tech IPOs. It's refreshing to see investor excitement rally around the stock, as the U.S. needs innovative businesses to thrive and attract capital. However, as behavioral finance warns, be cautious of a herd mentality.

EuroCrisis May Claim Obama

Mon, 21 May 2012 11:41:06 +0100

The bubbling EuroZone debt crisis dampened a gathering of Group of Eight (G-8) leaders hosted by US President Barack Obama at his Camp David retreat, but the 2-day Summit offered no quick fix for the 2-yr-old crisis, it did, however, point up the weakness of the Euro project.