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Updated 47 minutes ago
International Monetary Fund Managing Director Christine Lagarde averted being charged by a Paris court investigating her decision to allow arbitration that benefited a supporter of former President Nicolas Sarkozy.
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The International Monetary Fund’s board of directors is backing Managing Director Christine Lagarde, who is being questioned by a French court over a decision she made as finance minister, a fund spokesman said.
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International Monetary Fund Managing Director Christine Lagarde is testifying this morning at a Paris court investigating her decision to allow an arbitration that benefited a supporter of former President Nicolas Sarkozy.
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The International Monetary Fund approved a 1 billion-euro ($1.3 billion) loan to Cyprus as part of a bailout plan with European countries while stressing the “substantial” risks surrounding the program.
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America’s aggressive strategy for tackling its financial and economic ills is working better than Europe’s go-slow approach -- and investors are taking notice.
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Spanish industrial output declined less than economists expected in March, suggesting that the recession in the euro area’s fourth-largest economy is abating.
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Spain beat its maximum target at a bond auction in Madrid today and its borrowing costs fell after an interest-rate cut by the European Central Bank fueled a rally in bonds from distressed euro countries.
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Spain beat its maximum target at a bond auction in Madrid today and its borrowing costs fell after an interest-rate cut by the European Central Bank fueled a rally in bonds from distressed euro countries.
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Latin America’s two largest nations are vying for economic and diplomatic clout as their candidates face off as finalists to head the World Trade Organization.
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The accomplishments of the first 100 days in office are a favorite benchmark for democratic leaders. It’s thought to offer a preview of his or her worldview, ambition and political fortune.
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