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Protests to greet G7 leaders as they discuss Amazon fires, trade

Aug 24, 2019 - 1:15 PM

(UPDATED) United States President Donald Trump and his fellow G7 leaders will meet in France as wildfires rage in the Amazon rainforest and trade tensions heat up

Oxfam activists wearing firefighters costumes and "big head" masks depicting (from 2nd-L) British Prime Minister Boris Johnson, US President Donald Trump, French President Emmanuel Macron, Canadian Prime Minister Justin Trudeau, Japan's Prime Minister Shinzo Abe and German Chancellor Angela Merkel perform druing a demonstration in Biarritz on August 23, 2019, on the eve of the Group of Seven (G7) summit. (Photo by Bertrand GUAY / AFP)

IMF downgrades world growth, warns of 'precarious' 2020

Jul 23, 2019 - 11:00 PM

The International Monetary Fund trims its global growth forecasts to 3.2% in 2019 and 3.5% in 2020, as trade tensions persist

IMF's Lagarde: Resolving trade tensions 'immediate priority' for G20

Jun 06, 2019 - 6:00 PM

International Monetary Fund chief Christine Lagarde describes the United States and China's tit-for-tat tariffs as 'self-inflicted wounds that must be avoided'

Signs with the US flag and Chinese flag are seen outside a store selling foreign goods in Qingdao in China's eastern Shandong province on September 19, 2018. - China on September 18 announced tariffs on US goods worth $60 billion in retaliation for President Donald Trump's decision to slap duties on $200 billion in Chinese products next week. (Photo by STR / AFP) / China OUT

World Bank slashes 2019 growth as global trade slackens

Jun 05, 2019 - 9:25 AM

The greatest danger on the horizon is the prospect of worsening trade clashes between major world economies

OAKLAND, CALIFORNIA - MAY 13: A container ship sits in the San Francisco Bay on May 13, 2019 in Oakland, California. China retaliated to U.S. President Donald Trump's 25 percent tariffs on $250 billion of Chinese goods entering the United States with a 25 percent tariff on $60 billion of U.S. goods entering China. The Dow Jones Industrial Average plunged over 700 points on the news in morning trading. Justin Sullivan/Getty Images/AFP

OECD cuts global growth forecast as U.S.-China tensions rise

May 21, 2019 - 10:00 PM

OECD Secretary General Angel Gurria says there is 'an urgent need' for Washington and Beijing to bury their differences

Angel Gurria, General Secretary of the Organisation for Economic Co-operation and Development (OECD), gestures as he presents the OECD Economic Outlook at the OECD headquarters in Paris on May 21, 2019. - Global trade tensions and political uncertainty are weighing on the world's economy, the OECD warned on May 21, 2019, cutting its global growth forecast for this year to 3.3 percent, down from the 3.5 percent it predicted in November. (Photo by ERIC PIERMONT / AFP)

IMF chief says U.S.-China tensions 'threat' to world economy

May 07, 2019 - 8:50 PM

International Monetary Fund Managing Director Christine Lagarde also says recent 'rumors and tweets' make an agreement between the United States and China less likely

IMF Managing Director Christine Lagarde addresses the Paris Forum at the Economy Ministry in Paris on May 7, 2019. (Photo by ERIC PIERMONT / AFP)

IMF cuts global growth estimate to 3.3% as world economy loses steam

Apr 09, 2019 - 9:23 PM

The IMF's World Economic Outlook once again downgrades global growth to 3.3% for 2019, two tenths lower than the global crisis lender forecast in January and 4 tenths lower than October

IMF. In this file photo taken on September 4, 2018, the logo of the International Monetary Fund is seen at the IMF headquarters in Washington, DC. File photo by Jim Watson/AFP

'Precarious' global rebound expected in late 2019 – IMF's Lagarde

Apr 03, 2019 - 1:15 PM

International Monetary Fund Managing Director Christine Lagarde says the world economy is vulnerable to shocks from Brexit, high debt levels, and trade tensions

International Monetary Fund (IMF) Managing Director Christine Lagarde speaks at the US Chamber of Commerce April 2, 2019, in Washington, DC. - Global growth in 2019 should be even slower than previously expected but a "precarious" rebound is likely later this year, the head of the International Monetary Fund said Tuesday. In a speech ahead of next week's spring meetings with the World Bank, IMF chief Christine Lagarde said the world economy was vulnerable to shocks from Brexit, high debt levels and trade tensions, as well as unease on financial markets. (Photo by Brendan Smialowski / AFP)

U.S. Fed now expects no rate hikes in 2019

Mar 21, 2019 - 1:50 PM

The United States Federal Reserve's surprising change of direction follows the 4 rate increases in 2018

Federal Reserve Chairman Jerome Powell during a press briefing following a Federal Open Market Committee meeting March 20, 2019 in Washington, DC. - Powell said Wednesday it could be "some time" before the US central bank will have to change the key lending rate. The Fed kept the benchmark borrowing rate unchanged and forecast no more increases this year. (Photo by Brendan Smialowski / AFP)

Fed to hold fire on interest rates as world economy slows

Mar 17, 2019 - 11:10 PM

Economists also expect the United States Federal Reserve to once again lower the number of rate hikes projected in 2019

U.S. FEDERAL RESERVE. Chairman Jerome Powell speaks during a news conference in Washington, DC, on March 21, 2018. File photo by Alex Wong/Getty Images/AFP

OECD cuts global growth forecast over trade, Brexit uncertainty

Mar 06, 2019 - 6:40 PM

(UPDATED) The Organisation for Economic Co-operation and Development lowers its forecast to 3.3% for this year, down from the 3.5% it predicted in November

FORECAST. The Organisation for Economic Co-operation and Development cuts its global growth forecast for this year to 3.3%. Image via Shutterstock

IMF warns of global economic 'storm' as growth undershoots

Feb 10, 2019 - 11:00 PM

'The bottom line – we see an economy that is growing more slowly than we had anticipated,' says International Monetary Fund Managing Director Christine Lagarde

Christine Lagarde (R) , Managing Director and Chairwoman of the International Monetary Fund, speaks to journalist Richard Quest, during the opening session of the World Government Summit in Dubai, on February 10, 2019. (Photo by KARIM SAHIB / AFP)

World Bank warns brewing trade storm jeopardizes global economy

Jan 09, 2019 - 3:29 PM

Growth of the world economy is expected to slow to 2.9% this year, and 2.8% in 2020, slightly below the previous forecast

Trade wars hint at 'deeper economic malaise' – U.N.

Sep 27, 2018 - 12:35 PM

The UN Conference on Trade and Development warns of 'economic storm clouds gathering,' with tepid growth being fueled by skyrocketing debt

U.S. Fed: New rate hike likely coming 'soon'

May 25, 2017 - 10:35 AM

Most analysts expect two more rate increases this year likely in June and in September but there are now doubts over that schedule

RATE HIKE. Federal Reserve Board Chair Janet Yellen holds a news conference after the central bank announced an increase in the benchmark interest rate following a Federal Open Market Committee meeting on December 14, 2016 in Washington, DC. File photo by Chip Somodevilla/Getty Images/AFP

U.S. Fed raises benchmark interest rate a quarter point

Mar 16, 2017 - 7:55 AM

But US Federal Reserve Chair Janet Yellen says they have yet to discuss the potential impact of US President Donald Trump s planned tax cuts and infrastructure spending

WASHINGTON, DC - MARCH 15: Federal Reserve Board Chairwoman Janet Yellen holds a news conference following a meeting of the Federal Open Market Committee March 15, 2017 in Washington, DC. Yellen announced that the Fed raised its benchmark interest rate for the third time since the 2009 global financial crisis, earlier than markets anticipated at the beginning of this year. Chip Somodevilla/Getty Images/AFP

Citing Trump 'uncertainty,' Fed says faster rate hikes possible

Jan 05, 2017 - 1:05 PM

US President elect Donald Trump s pledge to slash taxes and ramp up infrastructure spending could boost demand above sustainable levels

WASHINGTON, DC - DECEMBER 14: Federal Reserve Board Chair Janet Yellen holds a news conference after the central bank announced an increase in the benchmark interest rate following a Federal Open Market Committee meeting December 14, 2016 in Washington, DC. With unemployment low and concern over inflation on the rise, the central bank decided to raise the federal interest rate by a quarter of a percentage point, moving from 0.25-0.50 percent to a range of 0.50 and 0.75 percent. Chip Somodevilla/Getty Images/AFP

Asia-Pacific leaders defend trade against Trump tide

Nov 21, 2016 - 12:50 AM

US President elect Donald Trump s attacks on free trade deals are causing jitters in the Pacific Rim

China's President Xi Jinping (L) and others listen to US President Barack Obama (R) make a statement before a meeting November 19, 2016 in Lima, Peru. / AFP PHOTO / Brendan Smialowski

Xi warns of globalization backlash at BRICS summit

Oct 17, 2016 - 12:20 AM

Chinese President Xi Jinping says deep seated imbalances that triggered the [2008] financial crisis are far from being resolved

In this photograph released by the Indian Press Information Bureau on October 16, 2016, Indian Prime Minister Narendra Modi (R) shakes hands with Chinese President Xi Jinping at the BRICS Summit in Goa. RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / PIB" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS - NO ARCHIVE / AFP PHOTO / PIB / HO / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / PIB" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS - NO ARCHIVE

Debt mountain, weak banks imperil global economy – IMF

Oct 06, 2016 - 7:00 PM

High debt levels are costly as they often end up in financial recessions that are deeper and longer than normal recessions warns IMF Fiscal Affairs Department chief Vitor Gaspar

A man withdraws cash from an ATM machine in Athens on July 19, 2016.  The European Union and Greece hope to reach a deal on the crisis-hit country's debt mountain by the end of the year, EU economic affairs chief Pierre Moscovici said on July 18. An upcoming review of the Greek bailout in the autumn will include bad bank loans and a labour relations overhaul likely to cause social unrest. / AFP PHOTO / Kostis Ntantamis

IMF warns of protectionist threat to global growth

Oct 05, 2016 - 11:30 AM

The International Monetary Fund cuts its economic outlook for the United States but upgrades those for Japan and the eurozone

This IMF handout photo shows International Monetary Fund Economic Counsellor Maurice Obstfeld as he answers questions during the World Economic Outlook Press Conference at the IMF Headquarters during the 2016 IMF/World Bank Annual Meetings October 4, 201 in Washington, DC. / AFP PHOTO / IMF / Stephen Jaffe / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO /IMF/Stephen JAFFE" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS

World Bank: Inequality threatens fight against extreme poverty

Oct 03, 2016 - 12:00 PM

The World Bank says poverty will persist if gains are not felt by the bottom 40 of the population

A picture taken on March 11, 2016 shows a beggar woman in the streets of Paris. / AFP PHOTO / JOEL SAGET

US Federal Reserve keeps key interest rate on hold

Sep 22, 2016 - 11:10 PM

Fed Chair Janet Yellen denies that politics is a factor in the decision making of the Federal Open Market Committee

Federal Reserve Chair Janet Yellen speaks during a press conference following the announcement that the Fed will leave rates unchanged, in Washington, DC, September 21, 2016. The Federal Reserve kept its benchmark interest rate unchanged for the sixth straight meeting Wednesday, saying it needs to see more signs of strength in the US economy. / AFP PHOTO / SAUL LOEB

China's Xi warns against 'empty talk' as G20 summit opens

Sep 04, 2016 - 9:00 PM

UPDATED President Xi Jinping urges his fellow world leaders to steer the global economy back to the road of strong balanced comprehensive and sustainable growth

(Front row L-R) Brazil's President Michel Temer, Indonesia's President Joko Widodo, Mexico's President Enrique Pena Nieto, South Africa's President Jacob Zuma, US President Barack Obama, German Chancellor Angela Merkel, China's President Xi Jinping, Turkey's President Recep Tayyip Erdogan, Russia's President Vladimir Putin, French President Francois Hollande, South Korea's President Park Geun-Hye, Argentina's President Mauricio Macri, India's Prime Minister Narendra Modi; (2nd Row L-R) Saudi Arabia's Deputy Crown Prince and Minister of Defense Muhammad bin Salman Al Saud, Britain's Prime Minister Theresa May, Australia's Prime Minister Malcolm Turnbull, Italy's Prime Minister Matteo Renzi, Laos' President Bounnhang Vorachith, Kazakhstan's President Nursultan Nazarbayev, Chad's President Idriss Deby, Senegal's President Macky Sall, Egypt's President Abdel Fattah al-Sisi, Japan's Prime Minister Shinzo Abe, Canadian Prime Minister Justin Trudeau, European Council President Donald Tusk, President of the European Commission Jean-Claude Juncker; (3rd row L-R) Argentina's President Mauricio Macri, (unknown), IMF Managing Director Christine Lagarde, Thailand's Prime Minister Prayut Chan-O-Cha, Singapore's Prime Minister Lee Hsien Loong, Spain's Prime Minister Mariano Rajoy, UN Secretary-General Ban Ki-Moon, and three others pose for family photo in Hangzhou on September 4, 2016. World leaders are gathering in Hangzhou for the 11th G20 Leaders Summit from September 4 to 5. / AFP PHOTO / Greg BAKER

IMF's Lagarde warns G20 to avoid 'low-growth trap'

Sep 02, 2016 - 12:00 AM

UPDATED Not since the early 1990s has the world economy been so weak for such a long time says the International Monetary Fund s Christine Lagarde

International Monetary Fund Managing Director Christine Lagarde speaks at the Center for Global Development in Washington, DC, July14, 2016, marking the 15th anniversary of the Center. / AFP PHOTO / JIM WATSON

Divided Fed wanted to keep rate 'options open'

Aug 18, 2016 - 11:25 PM

Minutes of the US Federal Reserve s July meeting show inflation is foremost on policy makers minds

(FILES) This file photo taken on August 9, 2011 shows the US Federal Reserve building in Washington, DC.  US Federal Reserve policy makers last month believed risks to the US economy had lessened but wanted to keep their interest rate policy "options open", according to minutes released August 17, 2016. / AFP PHOTO / KAREN BLEIER

Singapore cuts 2016 forecast as world economy slows

Aug 11, 2016 - 11:40 PM

The city state s gross domestic product is seen to expand 1 2 instead of 1 3

epa05291720 The Pinnacle@Duxton high rise apartments (C) pictured amongst container cranes bearing the PSA logo at the Pasir Panjang container port in Singapore, 04 May 2016. EPA/WALLACE WOON

Fed leaves rates unchanged but says US economy improving

Jul 28, 2016 - 5:00 PM

There s still the possibility of an increase in the benchmark federal funds rate by December

NEW YORK, NY - JULY 27: American flags are displayed outside the New York Stock Exchange (NYSE) during the evening of July 27, 2016 in New York City. The dollar fell Wednesday as the U.S. Federal Reserve's latest policy statement caused investors to reassess expectations for interest rate increases in the coming months. Kena Betancur/Getty Images/AFP

Brexit to drag on global growth through 2017 – IMF

Jul 19, 2016 - 10:50 PM

The International Monetary Fund now predicts global economic growth to be 3 1 this year and 3 4 in 2017

epaselect epa05387297 An investor looks at an electronic screen showing stock market movements at a securities brokerage house in Beijing, China, 24 June 2016. Chinese mainland markets traded lower, with the Shanghai composite down 0.95 percent and the Shenzhen composite down 0.10 percent in reaction to the British EU referendum. Britons in a referendum on 23 June have voted by a narrow margin to leave the European Union (EU). Media reports on early 24 June indicate that 51.9 per cent voted in favour of leaving the EU while 48.1 per cent voted for remaining in. EPA/HOW HWEE YOUNG

US economy still tracking 'modest' growth – Fed report

Jul 14, 2016 - 6:00 PM

The outlook was generally positive across broad segments of the economy including retail sales manufacturing and real estate says the US Federal Reserve

epa05344762 US Federal Reserve Chair Janet Yellen (C) attends an open meeting of the Board of Governors of the Federal Reserve System, with Vice Chair Stanley Fischer (L) and Federal Reserve Governor Daniel Tarullo (R); at the Marriner S. Eccles Federal Reserve Board Building, in Washington, DC, USA, 03 June 2016. EPA/MICHAEL REYNOLDS

At start of 2nd term, Brexit crisis challenges IMF's Lagarde anew

Jul 07, 2016 - 8:45 PM

UPDATED The EU has to do a lot more to explain what it does what it means for people says International Monetary Fund chief Christine Lagarde

CHRISTINE LAGARDE. International Monetary Fund Managing Director Christine Lagarde at the Michel Camdessus Central Banking Lecture, at the IMF Headquarters in Washington, DC., USA, June 24, 2016. File photo by Stephen Jaffe/EPA

Fed was divided in June over hiking interest rates soon

Jul 07, 2016 - 1:30 PM

Almost all participants said the weak May labor report led to growing uncertainty according to minutes of the meeting

epa05367807 US Federal Reserve Chair Janet Yellen speaks at a press conference after announcing that the Federal Reserve plans to leave interest rates unchanged in Washington, DC, USA, 15 June 2016. Yellen hinted that the Federal reserve may still increase interest rates on two occasions before the end of the year. EPA/JIM LO SCALZO

PH warned: Brexit will affect all countries

Jun 24, 2016 - 4:38 PM

Outgoing Philippine Finance Secretary Cesar Purisima says the world has entered ‘uncharted waters’ and that the Philippines is not immune from effects

Big business raises Brexit alarm on eve of vote

Jun 22, 2016 - 9:30 PM

Britain leaving the EU would mean uncertainty for our firms less trade with Europe and fewer jobs say the chiefs of 1 285 companies in a letter

epa05382472 Participants display placards as members of the public take part in a 'Remain In' Rally in Trafalgar Square, Central London, Britain, 21 June 2016. Britons will vote on whether to remain or leave the EU on 23 June. EPA/HAYOUNG JEON

Fed keeps interest rate steady as Brexit vote looms

Jun 16, 2016 - 4:35 PM

It is a decision that could have consequences for economic and financial conditions in global financial markets says Janet Yellen about Britain s June 23 referendum

epa05367974 US Federal Reserve Chair Janet Yellen speaks at a press conference after announcing that the Federal Reserve plans to leave interest rates unchanged in Washington, DC, USA, 15 June 2016. Yellen hinted that the Federal reserve may still increase interest rates on two occasions before the end of the year. EPA/JIM LO SCALZO

Spend for growth, OECD urges governments

Jun 02, 2016 - 12:45 AM

The Organization for Economic Cooperation and Development says there is an urgent need for governments to ramp up spending

epa05340323 OECD Secretary-General Jose Angel Gurria (C-L) with other Ministers and delegations during the meeting of the OECD (Organisation for Economic Co-operation and Development) Council at ministerial level at the organization headquarter in Paris, France, 01 June 2016. OECD Week places a central emphasis on the need for policies that strengthen productivity, and promote inclusive and sustainable growth. EPA/ETIENNE LAURENT

Britain and the EU in facts and figures

May 26, 2016 - 12:45 AM

Should Britain remain in the European Union? Here s a look at some of the facts and figures ahead of Britain s referendum

epa05305320 British Prime Minister David Cameron delivers a speech to supporters of the 'Stronger In' campaign event in Witney, Oxfordshire, Britain, 14 May 2016. 'Stronger In' campaigns to vote to stay in the European Union. Britain will vote on whether to remain or leave the EU on 23 June 2016. EPA/WILL OLIVER/POOL

London's City finance hub braces for possible Brexit

May 25, 2016 - 1:30 PM

Big banks insurance giants trading exchanges and accounting firms prepare contingency measures in case Britain leaves the European Union

epa05265778 A general view of the financial district of the City of London, London, Britain, 18 April 2016. The debate continues in British media over the potential economic consequences the UK will face if the so-called 'Brexit' goes ahead. Britain on 23 June will vote in a referendum whether to stay or to leave the Euopean Union. EPA/HANNAH MCKAY

Economists maintain 2016 growth projections despite strong start

May 23, 2016 - 4:00 PM

Growth is expected to slow in the second half of the year as the Philippines transitions to a new president and faces global headwinds

G7 warns over global economy as currency row flares

May 22, 2016 - 7:00 AM

G7 finance ministers also oppose Britain s possible exit from the European Union as well as vow to clamp down on terrorist financing

epa05318873 Japanese Finance Minister Taro Aso (C) chairs the session one meeting of the G7 Finance Ministers and Central Bank Governors meeting at Akiu in Sendai, Miyai Prefecture, northern Japan, 20 May 2016. The G7 meeting is held 20 and 21 May 2016. EPA/KIMIMASA MAYAMA / POOL

'Brexit' in spotlight at G7 meeting in Japan

May 21, 2016 - 11:45 AM

The G7 – which also includes the US Japan Germany France Italy and Canada – backs Britain remaining in the EU

BREXIT? Finance ministers, central bank governors and representatives of world economic organizations start the session one meeting of the G7 Finance Ministers and Central Bank Governors meeting at Akiu in Sendai, Miyai Prefecture, northern Japan,  May 20, 2016. Photo by Kimimasa Mayama/EPA

Fed minutes: Door still open for a June rate hike

May 19, 2016 - 3:00 PM

US central bank policymakers are unexpectedly open to a rate hike in June

epa05288807 Chair of the Board of Governors of the Federal Reserve System Janet Yellen, with Vice Chairman Stanley Fischer (L) and Governor Daniel Tarullo (R), participates in a meeting 'to discuss a proposed rule to establish the Net Stable Funding Ratio, as well as a proposed rule establishing restrictions on qualified financial contracts of systemically important banking organizations.' at the Federal Reserve in Washington, DC, USA, 03 May 2016. EPA/SHAWN THEW

Currency wars, fiscal stimulus rift in focus at G7 meeting

May 18, 2016 - 1:45 PM

Japan believes large scale stimulus spending is the way to spur global growth but Germany and Britain are not keen on the idea

epa04391995 A Tokyo money dealer is waiting for sell calls during trade in Tokyo, Japan, 09 September 2014, as the US dollar rises to the 106 yen low range, more than one yen from the previous day. Japanese finance minister Taro Aso showed on 09 September his concern about recent sharp currency moves of the US dollar, which is hitting the highest level in six years against the Japanese yen. EPA/KIMIMASA MAYAMA

IMF: Iran at 'pivotal moment' to rejoin global economy

May 18, 2016 - 11:30 AM

The IMF s David Lipton urges Tehran to take key steps including measures against money laundering and terror financing

epa05124621 Iranians go shopping at Tehrans old Bazaar, the place where the main economy trades take place, in Tehran, Iran, 25 January 2016. Reports state that Iranian officials expected the Iranian economy to grow on an average of eight percent over the coming five years following the lifting of sanctions against Iran. EPA/ABEDIN TAHERKENAREH

IMF's Lagarde unleashes stark UK economy Brexit warning

May 14, 2016 - 3:00 PM

Frankly in the very vast majority of what we have seen we haven t seen anything that is positive says Christine Lagarde

epa05303505 Christine Lagarde, Managing director of the International Monetary Fund (IMF), speaks during a joint news conference with Britain's Chancellor of the Exchequer George Osborne (unseen), at the H.M. Treasury in London, Britain, 13 May 2016. The IMF capped a week of warnings by heavy-hitting supporters of Britain staying in the European Union, all unanimous in their view of the dire consequences of a so-called Brexit. EPA/LUKE MACGREGOR / POOL

Merkel, Abe differ on how to fix world economy

May 05, 2016 - 2:45 PM

Japan s Shinzo Abe pushes for large scale stimulus spending while Germany s Angela Merkel suggests her country is already doing enough

epa05289695 Visiting Japanese Prime Minister Shinzo Abe (L) is welcomed by German Chancellor Angela Merkel (R) for a meeting in Meseberg, Germany, 04 May 2016. Abe is currently on a week-long trip through Europe in preperation to Japan hosting the G7 Summit, and meeting with EU leaders for talks on the Japan-EU economic partnership agreement. EPA/BERND SETTNICK

Italy, Japan urge G7 to spend for growth

May 03, 2016 - 12:15 PM

Prime ministers Matteo Renzi and Shinzo Abe call for greater flexibility on budgetary policies ahead of the G7 Summit

epa05286890 Italian Premier Matteo Renzi (R) welcomes Japanese Prime Minister Shinzo Abe (L) for a bilateral meeting in Florence, Italy, 02 May 2016. Shinzo Abe is in Italy on the occasion of the 150th anniversary of the bilateral relations between Japan and Italy. EPA/MAURIZIO DEGL' INNOCENTI

Fed frets less over world economy; June rate hike odds rise

Apr 28, 2016 - 3:35 PM

The Federal Open Market Committee simply says it will closely monitor inflation indicators and global economic and financial developments

NEW YORK, NY - APRIL 27: Traders work on the floor of the New York Stock Exchange (NYSE) on April 27, 2016 in New York, New York. In a not unexpected move, Federal Reserve officials left short-term interest rates unchanged Wednesday citing lingering concerns about low inflation and global economic developments. Spencer Platt/Getty Images/AFP

Economic slump worries as IMF, World Bank pledge action

Apr 17, 2016 - 5:05 PM

International Monetary Fund Managing Director Christine Lagarde: Clearly the question is how much is going to get done?

epa05262305 A handout photograph made available by the International Monetary Fund (IMF) showing International Monetary Fund (IMF) Managing Director Christine Lagarde (C) speaking to members of the International Monetary and Financial Committee (IMFC) at the IMF Headquarters in Washington, DC., USA, 16 April 2016 The Spring meetings of the IMF and the World Bank Group take place in Washington, DC, between 15-17 April 2016. EPA/STEPHEN JAFFE / IMF / HANDOUT HANDOUT EDITORIAL USE ONLY/NO SALES

Worried IMF cuts world growth forecast, warns over Brexit

Apr 12, 2016 - 9:17 PM

UPDATED The IMF says economic activity has been too slow for too long and calls for immediate action to shore up growth

A file photo dated 18 May 2011 showing the sign of the International Monetary Fund at the entrance of the Headquarters of the IMF, also known as building HQ2, in Washington, DC, USA. Jim Lo Scalzo/EPA