EU leaders rubber stamp Lagarde’s ECB appointment
BRUSSELS (AP) — European Union leaders have approved the appointment of Christine Lagarde as the next president of the European Central Bank.
European Central Bank minority opposed bond-buying stimulus
FRANKFURT, Germany (AP) — European Central Bank policymakers haggled extensively over several parts of the stimulus package unveiled at their meeting last month, with dissenters objecting to the...
IMF chief: trade conflicts fuel synchronized global slowdown
WASHINGTON (AP) — The new head of the 189-nation International Monetary Fund warned Tuesday that the world economy is in the grips of a "synchronized global slowdown" that will result in slower...
Top ECB official resigns after questioning stimulus
FRANKFURT, Germany (AP) — A member of the European Central Bank's leadership has resigned after publicly questioning the need for the bank's stimulus efforts, opening an unexpected vacancy on the...
Economist who grew up in communist Bulgaria is new IMF chief
WASHINGTON (AP) — A Bulgarian economist who grew up when her country was a communist nation has been selected to be the next leader of one of capitalism's premier institutions, the 189-nation...
EU parliament endorses Lagarde as new central bank head
FRANKFURT, Germany (AP) — The European Parliament has endorsed the nomination of Christine Lagarde to serve an eight-year term as the next president of the European Central Bank.
World Bank official in line for top job at IMF
WASHINGTON (AP) — A top World Bank official from Europe is in line to head the International Monetary Fund with the organization saying that there is only one person nominated for the...
Lagarde defends ECB’s low rates as she prepares to take over
FRANKFURT, Germany (AP) — Incoming European Central Bank head Christine Lagarde is defending the bank's record low rates and other stimulus measures as she prepares to take over with the economy...
The Latest: Lagarde aims to better explain ECB policies
FRANKFURT, Germany (AP) — The Latest on the hearings on the nomination of Christine Lagarde as president of the European Central Bank (all times local):
Europe pushes World Bank official Georgieva for top IMF job
FRANKFURT, Germany (AP) — European governments have decided to put forward World Bank official Kristalina Georgieva from Bulgaria as their candidate to replace Christine Lagarde as head of the...
ECB council signs off on Lagarde as Draghi successor
FRANKFURT, Germany (AP) — The European Central Bank's governing council has signed off on the nomination of International Monetary Fund head Christine Lagarde as the next head of Europe's top...
Von der Leyen seeks to secure EU top job at parliament
BRUSSELS (AP) — Outgoing German defense minister Ursula von der Leyen on Tuesday set out her political objectives on a greener, gender-equal Europe where the rule of law continues to hold sway, in...
BERLIN (AP) — The German government says it hasn't decided who it wants to succeed Christine Lagarde as the next head of the International Monetary Fund.
World shares mixed, Europe advances after fresh S&P 500 high
LONDON (AP) — Shares in Europe rose sharply Wednesday as investors warmed to the announcement that Christine Lagarde, the current head of the International Monetary Fund, will take the helm at the...
‘Perfect gender balance’ as EU leaders decide on top jobs
BRUSSELS (AP) — For the first time, European Union leaders nominated women for half of the top positions they filled Tuesday to lead the world's biggest trade bloc.
New ECB head Lagarde backed Draghi stimulus while at IMF
FRANKFURT, Germany (AP) — Christine Lagarde, nominated to head the European Central Bank, has a politician's ability to communicate and forge compromise, skills she will need to follow Mario...
EU leaders break deadlock, nominate candidates for top posts
BRUSSELS (AP) — After three days of arduous negotiations, European Union leaders broke a deadlock Tuesday and nominated German Defense Minister Ursula von der Leyen to become the new president of...
Greece looks to repay IMF early as bond yields tumble
ATHENS, Greece (AP) — The Greek government on Monday said it is in talks with European bailout lenders to repay its debts to the International Monetary Fund early as market borrowing rates have...
Top IMF official warns global economy facing various threats
WASHINGTON (AP) — The head of the 189-nation International Monetary Fund said Thursday the world is facing a time of high uncertainty with 70% of the global economy caught in a growth slowdown...
IMF: It would be foolish to abandon program in Argentina
WASHINGTON (AP) — The International Monetary Fund on Thursday urged candidates in Argentina to carry on with the IMF-supported economic program after October's presidential...
IMF board completes third review of Argentina program
WASHINGTON (AP) — The executive board of the International Monetary Fund on Friday approved its third review of a $56 billion IMF-supported program for Argentina, giving the country access to an...
IMF managing director says economy is at ‘delicate moment’
WASHINGTON (AP) — The head of the 189-nation International Monetary Fund said Tuesday the global economy is at a "delicate moment" with a hoped-for rebound in growth later this year being...
Lagarde: IMF ready to help rescue Venezuelan economy
WASHINGTON (AP) — The International Monetary Fund is ready to rescue Venezuela's economy, but the task will be so huge that it will require financial help from other international players, the...
At Dubai summit, Pakistan premier warns of ‘painful’ reforms
DUBAI, United Arab Emirates (AP) — Pakistan's Prime Minister Imran Khan said Sunday his nation needed "painful" economic reforms to cut back on its massive debt, just after meeting the head of the International Monetary Fund, signaling the former cricketer may be willing to slash government spending for a bailout.
The Latest: France wants new Renault chief to lock in Nissan
DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local):
France's economy minister says he expects the future chief of Renault to consolidate the French automaker's alliance with Japanese partner Nissan.
World economy forecast to slow in 2019 amid trade tensions
DAVOS, Switzerland (AP) — The world economy absorbed more bad news Monday: The International Monetary Fund cut its growth forecast for 2019. And China, the world's second-biggest economy, said it had slowed to its weakest pace since 1990.
The IMF cut its estimate for global growth this year to 3.5 percent, from the 3.7 percent it had predicted in October and down from 2018's 3.7 percent. The fund cited heightened trade tensions and rising interest rates.
Guest lineups for the Sunday news shows
WASHINGTON (AP) — Guest lineups for the Sunday TV news shows:
ABC's "This Week" — Sens. Marco Rubio, R-Fla., and Chris Murphy, D-Conn.
Guest lineups for the Sunday news shows
WASHINGTON (AP) — Guest lineups for the Sunday TV news shows:
ABC's "This Week" — White House economic adviser Larry Kudlow; Sens. Marco Rubio, R-Fla., and Chris Murphy, D-Conn.
The Latest: IMF’s chief Lagarde defers Mideast trip
ISTANBUL (AP) — The latest on the disappearance of a Saudi writer who Turkish officials fear was killed inside the Saudi Consulate in Istanbul (all times local):
The International Monetary Fund says its managing director Christine Lagarde is deferring her trip to the Middle East. A brief statement by an unnamed IMF spokesman Wednesday did not elaborate.
The Latest: IMF’s Lagarde planning to attend Saudi meeting
NUSA DUA, Indonesia (AP) — The Latest on the annual meeting of the International Monetary Fund and World Bank in Bali, Indonesia (all times local):
The managing director of the International Monetary Fund, Christine Lagarde, has said she still intends to attend an investment conference in Saudi Arabia later this month despite concerns over the disappearance of journalist and U.S. resident Jamal Khashoggi.
IMF team to visit Pakistan after request for bailout loans
ISLAMABAD (AP) — The head of the International Monetary Fund said Thursday that it will send a team to Pakistan in the coming weeks after the government requested emergency bailout loans.
IMF Managing Director Christine Lagarde confirmed that Pakistan had requested the loans after meeting with Finance Minister Asad Umar in Indonesia, without saying how much the Pakistanis had asked for.
As markets swoon, finance chiefs urge US, China to cool it
NUSA DUA, Indonesia (AP) — The heads of the World Bank and IMF appealed Thursday to the U.S. and China to cool their dispute over technology policy and play by world trade rules, as tumbling share prices drove home potential perils from a clash between the world's two biggest economies.
Argentina peso slides after record loan with IMF
BUENOS AIRES, Argentina (AP) — The Argentine peso slipped Thursday, a day after the government reached a revised $57.1 billion loan package with the International Monetary Fund that seeks to ease investor concerns over the country's ability to meet its debts amid an economic crisis.
Argentina has been hit by a sharp depreciation of the peso amid double-digit inflation, with the currency losing more than half of its value this year. The peso dipped Thursday, to close at 40.60 per U.S. dollar.
Argentina, IMF reach deal to boost financing to $57 billion
BUENOS AIRES, Argentina (AP) — The International Monetary Fund has agreed to increase a lending package with Argentina by $7.1 billion to a total of $57.1 billion, Economy Minister Nicolas Dujovne said Wednesday.
The South American country had secured $50 billion in financing as part of a deal worked out with the IMF in June after Argentina was battered by a currency crisis, a run on the Argentine peso and double-digit inflation.
Argentina: Only seeking financing from IMF to stem crisis
BUENOS AIRES, Argentina (AP) — Argentina is not seeking other sources of financing outside the International Monetary Fund for help in curbing an economic crisis, the country's economy minister said Wednesday.
IMF: Tax cuts boosting US now but will hurt growth later
WASHINGTON (AP) — The International Monetary Fund said Thursday that tax cuts will help fuel the U.S. economy this year and next. But it warned that growth after that will slide to levels just half of what the Trump administration is forecasting.
Fast facts on Trump’s clash with allies over trade
BERLIN (AP) — WHAT'S HAPPENING
Argentina seeking credit line from IMF
BUENOS AIRES, Argentina (AP) — President Mauricio Macri said Tuesday that Argentina has begun talks on a financing deal with the International Monetary Fund following a sharp devaluation of its currency and amid a difficult "global scenario."
Argentina was forced recently to impose three interest rate hikes to halt a sharp devaluation of its peso.
More than 70 countries commit to combat terror financing
PARIS (AP) — More than 70 countries committed Thursday to bolster efforts in the fight against terrorism financing associated with the Islamic State group and al-Qaida.
Participants at an international conference in Paris agreed to "fully criminalize" terror financing through effective and proportionate sanctions "even in the absence of a link to a specific terrorist act."
U.S., China trade fight may erode investor confidence
Trade tensions between the U.S. and China risk eroding business and investor confidence, even as global growth enjoys its best upswing in years.
That's the message being conveyed to finance ministers and central bankers from around the world gathered in Washington for spring meetings of the International Monetary Fund. Trade is expected to dominate discussions as the world's two-biggest economies exchange threats of tariffs and other protectionist measures.
IMF’s Lagarde: Trade tensions threaten global economy
WASHINGTON (AP) — The head of the International Monetary Fund warned Thursday that the healthiest global economy in years is threatened by rising debt levels, volatile financial markets and a simmering trade dispute between the world's two biggest economies.
IMF Managing Director Christine Lagarde told reporters a U.S.-China trade war "will not be something that will affect only the two countries because the world is so interconnected. It will affect the global economy."