The International Monetary Fund (IMF) has warned the world faces a credit crunch similar to that of 2008/09 as the euro crisis forces banks to cut their balance sheets.
The International Monetary Fund has revised up its forecast for UK GDP growth in 2012 from 0.6% to 0.8%, amid the return of "some optimism" to the global economy.
Japan has agreed to loan the International Monetary Fund (IMF) $60bn after repeated calls from the organisation for additional funds to help it tackle the eurozone crisis.
PIMCO's chief executive Mohamed El-Erian described Chancellor Merkel's decision to insist on fiscal reform as a ‘burden' to an already challenged political construct that is trying to restore order.
Emerging markets managers have tipped Russia to soar ahead of its EM peers in 2012, driven by higher oil prices, weak valuations and Vladimir Putin's economic reforms.
Finance ministers from the G20 have told eurozone leaders they need to boost their own contributions to beleaguered countries before any more cash from the International Monetary Fund (IMF) is granted.
Former IMF head Dominique Strauss-Kahn is being questioned by police as a suspect in a prostitution ring inquiry, according to the BBC.