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World News

Former IMF head sentenced for credit card fraud

Rodrigo Rato has been sentenced to four and a half years in prison for misusing company credit cards at a Spanish bank he chaired for two years before its state bailout in 2012.

Economy

Greeks need "light at the end of austerity tunnel"

Discussions between Greece, its European lenders and the International Monetary Fund on the country’s bailout obligations have dragged on for months as disagreements persist over fiscal issues, labour

Economy

Greece moves closer to agreement over reforms to unlock next bailout loan

Euro zone finance ministers and Greece have agreed to resume negotiations over its bailout review next week.

World News

Germany's Schauble denies 'Grexit' threat

German finance minister Wolfgang Schauble has said he is confident ‘‘Greece is on the right economic path’‘.

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Greece

Euroviews. View: Greece’s economy strongly recovers for first time since 2010

By Dimitris Papadimoulis is Vice President of the European Parliament, head of Syriza party delegation.

Economy

IMF reportedly will contribute to Greek bailout

The International Monetary Fund is reportedly likely to contribute up to five billion euros to the third bailout package for Greece.

Business Line

Cautious economic forecasts in a time of uncertainty

Business Line looks at economic forecasts for the world and for Europe, seeing how forecasters are reexamining their perspectives and perceptions.

Egypt

Egypt's long road to economic recovery

Five years on from the revolution that saw the fall of the Mubarak regime, and Egypt is still on its knees.

Economy

EU financial affairs chief says progress made on Greek bailout review talks

EU Economic and Financial Affairs Commissioner Pierre Moscovici says a crucial Greek bailout review is making progress, but more steps are needed.

Economy

IMF's Lagarde: Trump good for US in the short term, but less so for world trade

International Monetary Fund's Christine Lagarde says Trump's policies likely good for US economy in the short term but repercussions for global trade.

USA

IMF’s Lagarde: More economic transparency means more prosperity

Economic transparency can make countries more financially stable and prosperous, IMF Managing Director Christine Lagarde said.

Economy

IMF-EU stalemate over Greek debt

Greece is getting impatient at the stand-off between the International Monetary Fund and the European Union over Athens' latest bailout.

Economy

IMF boosts US growth forecasts, keeps global growth prediction unchanged

International Monetary Fund keeps global growth forecasts unchanged in its latest economic outlook, raises US forecast on Trump spending and tax plans

France

IMF chief Christine Lagarde found guilty over tycoon payout

A French court ruled the country's ex-finance minister was negligent over a 400m euro state payment, but issued no sentence.

World News

Christine Lagarde vows to fight allegations of negligence at Paris trial

IMF chief Christine Lagarde vowed to fight “allegation by allegation” on the first day of her trial in Paris where she is being accused of negligence in allowing the misuse of public…

Economy

Challenge and hope: analysing Egypt's loan from the IMF

Egypt is to get an International Monetary Fund bailout loan, but can it bring down public debt, control inflation and protect the country's poor?

Egypt

Egypt gets massive IMF loan to help revive economy

Struggling to stay afloat, Egypt is getting a massive cash injection from the International Monetary Fund.

Economy

Egypt devalues its currency to stabilise the economy

Egypt has effectively devalued its currency by allowing it to trade freely, hoping to stabilising the economy and attracting foreign investment.

Economy

Greek unions protest against labour reforms

Thousands of Greek workers protest at further labour reforms as government launches fresh talks with lenders

Markets

No DoJ deal for Deutsche Bank

Deutsche Bank has failed to secure a speedy deal with the US Department of Justice over the misselling of mortgage-backed securities.