International Monetary fund

Russia's Ukraine bond is official sovereign debt: IMF

IMF's board has confirmed that Russia's holding of Ukraine bond is sovereign debt, but not a commercial bond. The due date on payment of Ukraine bond is 20 December. Russia is gearing up to take legal action if Ukraine doesn't pay within a 10-day grace period.

Wealthy Chinese men are getting rid of their yuan despite IMF's endorsement

Despite the International Monetary Fund endorsement, Rich Chinese men are selling their yuan or Renminbi for other currencies, because they know that the country's economy continues to slow down.

IMF's acknowledgement of yuan as major global currency expected to bring fresh change to China

The International Monetary Fund has included the yuan in the reserve basket along with the dollar, pound, euro, and yen, hopefully bringing fresh change to China.

Greece economy will rise by the middle of 2016

Greece economy is gradually growing after years of recession. This is a good sign that by the middle of next year, Greek has recovered from its economic issues.

Gear up for China growth slowdown, IMF tells emerging nations

International Monetary Fund's (IMF) Managing Director Christine Lagarde said the world should brace up for China's economy slowdown. IMF further said that gwoth will be moderate and below its previous forecast made two months ago.

Financial Struggle: Fidel Castro shares his biggest regrets

Former Cuban president and revolutionary Fidel Castro made startling admissions to Citigroup executive Bill Rhodes, who said that the Latin American leader regretted kicking out the IMF from the country and assigning Che Guevara as the chief of the Cuban central bank.

Mexican government hikes dollar auction by almost 4 folds; holds rates

The second largest economy in Latin America is making all the possible efforts to prevent the arrest of its falling peso. It increased dollar auction to support the Mexican peso and waiting for US decision on interest rates.

Draghi And Lagarde Head To Berlin For Talks On Greek Debt: Leaders Of France And Germany Make Statement To Media Prior To Meeting; Doubts Greece Ability To Meet Financial Obligations?

ECB Chief Mario Draghi and IMF Head Christine Lagarde joined the unplanned late-night mini summit of German Chancellor Angela Merkel, French President Francois Hollande and European Commission President Jean-Claude Juncker. The goal of the said talk is to resolve Greek crisis.

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