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Europe ramps up rescue fund, may turn to IMF

Europe ramps up rescue fund, may turn to IMF

Euro zone ministers agreed on Tuesday to ramp up the firepower of their rescue fund but couldn't say by how much and raised the possibility of asking the IMF for more help after Italy's borrowing costs hit a euro lifetime high of nearly 8 percent.

Europe ramps up rescue fund, may turn to IMF
IMF resources adequate: Lagarde
IMF resources adequate: Lagarde
IMF chief Christine Lagarde said Monday the fund had adequate resources to deal with the debt crisis affecting the world economy.
Italy, Spain Ratings Cut by Fitch; Belgium Is Put Under Review by Moody’s
Italy, Spain Ratings Cut by Fitch; Belgium Is Put Under Review by Moody’s
Fitch Ratings downgraded Italy and Spain on concern they will struggle to improve their finances as Europe’s debt crisis intensifies, while Moody’s Investors Service put Belgium on review for a possible cut.
Moody’s Cuts Rating on 12 UK Financial Institutions
Moody’s Cuts Rating on 12 UK Financial Institutions
Moody’s ratings agency lowered the rating of 12 U.K. financial institutions on Friday, saying it sees a decreased likelihood of government support for smaller institutions in particular but specifying the move does not reflect a deterioration in the financi...
World facing worst financial crisis in history, Bank of England Governor says
World facing worst financial crisis in history, Bank of England Governor says
The world is facing the worst financial crisis since at least the 1930s “if not ever”, the Governor of the Bank of England said last night.
Christine Lagarde: IMF may need billions in extra funding
Christine Lagarde: IMF may need billions in extra funding
Christine Lagarde has signalled that the International Monetary Fund (IMF) may have to tap its members – including Britain – for billions of pounds of extra funding to stem the European debt crisis.
Standard and Poor's cuts Italy ratings one notch, outlook negative
Standard and Poor's cuts Italy ratings one notch, outlook negative
Standard and Poor's downgraded its unsolicited ratings on Italy by one notch to A/A-1 and kept its outlook on negative, a major surprise that threatens to add to concerns of contagion in the debt-stressed euro zone.
US taxpayers could be on hook for Europe bailout
US taxpayers could be on hook for Europe bailout
The U.S. is coming to Europe's financial rescue. So far, America's role is fairly limited. But if the crisis continues to grow and the U.S. takes on a wider role, U.S. consumers and taxpayers could feel a bigger impact. The biggest exposure could come from ...
Europe ramps up rescue fund, may turn to IMF
Europe ramps up rescue fund, may turn to IMF
Euro zone ministers agreed on Tuesday to ramp up the firepower of their rescue fund but couldn't say by how much and raised the possibility of asking the IMF for more help after Italy's borrowing costs hit a euro lifetime high of nearly 8 percent.

Lagarde to give China senior IMF job: sources

Lagarde to give China senior IMF job: sources

China is close to clinching a top-level post at the International Monetary Fund, IMF sources said on Wednesday after ...

Lagarde to give China senior IMF job: sources

US Banks Warn Obama on Soaring Debt

US Banks Warn Obama on Soaring Debt

A group of the largest US banks and fund managers stepped up the pressure on Congress and the Obama administration to...

US Banks Warn Obama on Soaring Debt

Wall Street shares slump as S&P downgrades US debt outlook

Wall Street shares slump as S&P downgrades US debt outlook

Shares fell heavily on Wall Street on Monday after a leading ratings agency fanned fears of Europe's debt crisis spre...

Wall Street shares slump as S&P downgrades US debt outlook

World Bank president: 'One shock away from crisis'

World Bank president: 'One shock away from crisis'

The president of the World Bank has warned that the world is "one shock away from a full-blown crisis".

World Bank president: 'One shock away from crisis'

Banks Face $3.6 Trillion 'Wall' of Debt: IMF

Banks Face $3.6 Trillion 'Wall' of Debt: IMF

The world's banks face a $3.6 trillion "wall of maturing debt" in the next two years and must compete with debt-laden...

Banks Face $3.6 Trillion 'Wall' of Debt: IMF

Fed official: Big US banks are 'government-sponsored entities'

Fed official: Big US banks are 'government-sponsored entities'

Big banks like Bank of America Corp and Citigroup Inc should be reclassified as government-sponsored entities and hav...

Fed official: Big US banks are 'government-sponsored entities'

Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak

Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak

U.S. Federal Reserve Chairman Ben S. Bernanke’s two-year fight to shield crisis-squeezed banks from the stigma of rev...

Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak

Wealthy Japan has means to recover: IMF

Wealthy Japan has means to recover: IMF

The International Monetary Fund said on Thursday that Japan has the financial means to recover from a devastating ear...

Wealthy Japan has means to recover: IMF

Hacker Group Anonymous Releases Claimed Bank of America Emails

Hacker Group Anonymous Releases Claimed Bank of America Emails

The loose-knit hacker collective known as "Anonymous" released emails early Monday that it obtained from a former emp...

Hacker Group Anonymous Releases Claimed Bank of America Emails

Geithner says lending cuts could hurt U.S. influence

Geithner says lending cuts could hurt U.S. influence

U.S. Treasury Secretary Timothy Geithner urged lawmakers on Wednesday to approve capital increases for global lending...

Geithner says lending cuts could hurt U.S. influence

Spain's savings banks race to find funds by Thursday

Spain's savings banks race to find funds by Thursday

Spain's ailing regional savings banks are scrambling to raise billions of euros of fresh funds to meet strict new cap...

Spain's savings banks race to find funds by Thursday

Google backs climate-change weather insurance startup

Google backs climate-change weather insurance startup

Google on Monday was among investors pumping $42 million into a climate change inspired technology startup that calcu...

Google backs climate-change weather insurance startup
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