IMF Managing Director Christine Lagarde said yesterday that her staff are studying options for more than doubling the size of the fund's war chest...
Citigroup, JPMorgan, BNP Paribas, Royal Bank of Scotland, and HSBC Holdings could be facing capital surcharges of 2.5 percentage points on top of Basel III capital requirements...
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World leaders have failed to agree on increasing the resources of the International Monetary Fund, a move that European governments hoped would allow them to tap more foreign aid to help in this crisis-fighting efforts....
Greek Prime Minister George Papandreou has called off his plan to hold a referendum just three days after its announcement rocked global markets...
The yen declined the most against the U.S. dollar in three years as Japan stepped into foreign-exchange markets to weaken the currency for the third time this year...
European leaders meet again today in Brussels for an emergency summit where they will work on a strategy for combating the euro-zone debt crisis...
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Group of 20 finance chiefs have pledged to take action in combating the global economic slowdown and tackling Europe's sovereign debt crisis...
G-7 officials outlined their plan to ensure liquidity, support financial market functioning, financial stability, and economic growth in a statement released Sunday...