Tag: Christine Lagarde

• Friday, May 29th 2015 - 09:16 UTC

  G7 finance chiefs meet in Dresden to discuss global recovery, but Greece overshadows

  

  Finance chiefs and central bankers from the Group of Seven economic powers discussed ways to revive the faltering global recovery on Thursday as the United States leant on Europe to reach a deal to avert a Greek bankruptcy. The threat of a Greek default, rising oil prices and bond market volatility are fuelling investor nervousness about the world's economy.

• Saturday, May 23rd 2015 - 06:27 UTC

  Brazil announces US$ 22.5bn spending cuts and confirms minister Levy

  

  Brazil finally announced its much expected budget resources reshuffle that will freeze 69.9 billion Reais (22.58 billion dollars) worth of spending on investment, education and health programs this year, limiting outlays in a bid to convince investors that President Dilma Rousseff is committed to saving the country's investment-grade rating.

• Friday, May 22nd 2015 - 05:42 UTC

  Lagarde preaches fiscal discipline in one of Brazil's most dangerous slums

  

  The head of the International Monetary Fund (IMF) encouraged Brazil on Thursday to pursue fiscal discipline, saying it was needed to protect social programs benefitting the poorest members of society. IMF chief Christine Lagarde made the link during a visit to Complexo do Alemao, one of Rio's largest and most dangerous slums and an example of the challenges the country faces as it struggles with low growth and high inflation

• Friday, May 8th 2015 - 08:13 UTC

  Fed warns stock market levels present 'potential dangers', but sees “no bubbles forming”

  

  The chair of the US Federal Reserve, Janet Yellen, has warned stock market levels present “potential dangers”, insisting current valuations, which have seen key US and UK indicators reach record levels, were “quite high”. However she did not see 'any bubbles forming'.

• Friday, January 23rd 2015 - 06:20 UTC

  EU, US and IMF clash over the European economy and the Euro in Davos

  

  Europeans, including IMF chief and Americans clashed on Thursday in Davos during a debate on monetary stimulus that degenerated into a skirmish over the European Union economy and the Euro.

• Wednesday, January 21st 2015 - 06:51 UTC

  Explosive report on world's wealth from Oxfam: 1% of super rich own 48%

  

  More than half the world’s wealth will be owned by just one percent of the population by next year as global inequality soars, anti-poverty charity Oxfam predicted on Tuesday in an explosive document on the eve of a major meeting of the world’s political and business elite.

• Friday, January 16th 2015 - 06:15 UTC

  In a surprise move Swiss central bank abandons Euro peg: frank soars 30%

  

  The Swiss franc soared as much as 30% in chaotic trade after the central bank abandoned the cap on the currency's value against the Euro. The Swiss National Bank (SNB) said the cap, introduced in September 2011, was no longer justified. It also cut a key interest rate from -0.25% to -0.75%, raising the amount investors pay to hold Swiss deposits.

• Monday, December 8th 2014 - 07:12 UTC

  Road ahead for Latin America 'increasingly bumpy' says IMF Lagarde

  

  Latin America faces a rocky road ahead despite social and economic achievements in recent years, according to the head of the International Monetary Fund Christine Lagarde. Among the achievements in the last two decades and in most nations, Ms Lagarde mentioned low inflation, fiscal discipline, and financial stability.

• Monday, December 8th 2014 - 07:04 UTC

  Lagarde wishes to continue improving relations with Argentina

  

  The head of the International Monetary Fund Christine Lagarde said she wishes to “continue improving” the relationship between the IMF and Argentina, while at the same time focusing on the necessities of the region's third largest economy which is not growing as fast as it should.

• Saturday, December 6th 2014 - 04:44 UTC

  Argentina stats: IMF sees advances, but the issue is a heated debate in Congress

  

  The International Monetary Fund has expressed conformity with the achievements made by the Argentine government regarding the updating of the country's statistics, and hoped to finish its evaluation in February, Director Christine Lagarde announced during a press conference in Santiago de Chile.