Monday, September 1, 2014
The executive board of the International Monetary Fund expressed confidence Friday in IMF Managing Director Christine Lagarde after receiving a briefing on a French corruption probe in which Lagarde is being investigated.
Saturday, August 30, 2014
The International Monetary Fund approved Friday the release of nearly US$1.4 billion in fresh funds for troubled Ukraine, but warned that continued fighting could undermine the international bailout of the country.
Asian markets were mixed Friday as the prospect of a military confrontation between Ukraine and Russia knocked confidence and offset forecast-beating U.S. growth data.
The U.S. dollar edged up in Asian afternoon trade Friday recovering from losses in the morning that were fanned by fears of a possible Russia-Ukraine military conflict and offset upbeat U.S. economic growth data.
Oil prices rose in Asia Friday supported by renewed Russia-Ukraine tensions and upbeat U.S. economic data, analysts said.
Friday, August 29, 2014
Global stock markets were muted Thursday ahead of U.S. economic data and possible policy announcements from Japan. France's CAC-40 slipped 0.4 percent to 4,377.14 in early European trading, while Britain's FTSE 100 was down 0.2 percent to 6,818.81. Germany's DAX fell 0.6 percent to 9,508.15. Wall Street was set to retreat, with Dow futures down 0.1. S&P 500 futures were off 0.2 percent.
The dollar slipped against other major currencies in Asia on Thursday as investors await revised U.S. second-quarter growth data. In Tokyo afternoon trade, the greenback weakened to 103.73 yen, from 103.86 yen in New York.
Oil prices moved lower in Asia Thursday as dealers look ahead to fresh US economic data for clues about demand in the world's top crude consumer following a neutral weekly stockpiles report.
Thursday, August 28, 2014
IMF chief Christine Lagarde, one of the world's most powerful women, announced Wednesday she had been charged with “negligence” over a multimillion-euro graft case relating to her time as French finance minister.
Global shares were mixed Wednesday after the latest record close for the Standard & Poor's 500, with Europe off to a shaky start despite a strong day in Asia.