The International Monetary Fund (IMF) has shortlisted French finance minister Christine Lagarde and governor of the bank of Mexico Agustin Carstens for the top job as managing director.
The contest to lead the IMF has been thrown open after surprise candidate Stanley Fisher came forward to challenge Christine Lagarde and Agustin Carstens.
Economists shoot down IMF's growth forecasts for UK in anticipation of an increase in GDP.
Japan's economy will shrink 0.7% this year because of the massive earthquake and tsunami which struck the country in March, said the IMF.
The euro crisis is following a predictable path. The bills have increased greatly, and are being passed around in the hope the problems will go away.
Regulators are comparing ETFs with collateralised debt obligations, but do the two seemingly different products share any common ground? Helen Fowler reports.
The head of the Eurogroup sent the single currency tumbling yesterday after he issued a warning to Greece that it may not be bailed out again if it gets into further difficulty.
The outlook for global growth remains robust thanks to one of the biggest investment spending cycles for several decades.
The acting managing director of the IMF said the institution will continue to function effectively following the resignation of Dominique Strauss-Kahn.