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Egypt political crisis threatens to worsen economy
Egypt's political crisis is threatening to plunge its ailing economy even deeper into distress after the government delayed a request for a $4.
Greece to announce bond buyback results Wednesday
Greece will reveal the results of a key debt buyback deal Wednesday, after an extended deadline for private investors to decide whether they will sell ...
Egypt judges say most will boycott referendum
Most Egyptian judges rejected any role Tuesday in overseeing the country's constitutional referendum, a move likely to cast further doubt on the ...
Egypt asks IMF to delay loan due to turmoil
Egypt has asked for a one-month delay for a $4.8 billion loan it had agreed with the International Monetary Fund because of the current political ...
Egypt: IMF deal not endangered by political unrest
Egypt's foreign minister says the political unrest roiling his country after President Mohammed Morsi seized more power should not affect Egypt's ...
French court delays Strauss-Kahn charge ruling
A French court on Wednesday pushed back a ruling on whether to drop aggravated pimping charges against Dominique Strauss-Kahn, the former IMF chief ...
Greek FinMin: Debt buyback program must work
Greece's plan to buy back some of its bonds from private investors "must succeed" as it is a vital part of efforts to reduce the country's excessive ...
Greek bankruptcy averted - for now
European and global financial leaders have agreed to release €44 billion ($57 billion) in critical loans to Greece and provide billions in additional ...
Asia stocks up after deal over Greek debt reached
Asian stock markets rose Tuesday after talks over Greece's financial crisis ended with an agreement on how to reduce its debt load, paving the way for ...
Eurozone, IMF reach deal to reduce Greek debt
The 17 European Union nations that use the euro have struck an agreement with the International Monetary Fund on a program to reduce Greek debt and ...
Greek PM presses for deal on loan
Greece reacted with dismay Wednesday after European finance ministers failed to agree to release vital rescue loans, with the prime minister warning ...
Eurozone fails to reach deal on Greece aid
European Union officials failed Wednesday to reach a deal on giving Greece more aid, prolonging uncertainty over the future of the debt-hobbled ...
EU: new aid to Egypt partly tied to IMF loan
The European Union will release about half of a 1.2 billion euro package of grants and loans to Egypt, officials said Wednesday, a badly needed boost ...
Bank lobby chief: Greece needs help, not writedown
Greece needs more lenient targets to reduce its budget deficit, not a debt write-off by official creditors, which wouldn't be politically feasible, ...
IMF opens talks on new loan deal with Serbia
The International Monetary Fund has opened talks with Serbia that could potentially lead to a new loan deal for the Balkan country. The talks which ...
Egyptian groups reject $4.8 billion IMF loan
Seventeen Cairo-based groups sent a letter Monday to the head of the International Monetary Fund and Egypt's prime minister opposing a proposed $4.
IMF: Sudan must further cut fuel subsidies
The International Monetary Fund has urged Sudan to cut fuel subsidies further, despite public anger over austerity measures meant to counter the ...
IMF delegation in Egypt for talks on crucial loan
A delegation from the International Monetary Fund is back in Egypt for critical negotiations over a $4.8 billion loan to help bolster the country's ...
IMF chief urges further debt reduction
The head of the International Monetary Fund says the world's leading economies must continue to cut government spending despite an overall situation ...
IMF says Spain's banks making good progress
The International Monetary Fund says Spain's banking sector has made good and timely progress in meeting the terms of its bailout. The IMF is ...
IMF: Bailed-out Portugal needs extra debt effort
Portugal's financial recovery program is entering a risky phase as it struggles to cut its heavy debt load amid a continuing recession, growing ...
IMF: pace of austerity must depend on economy
The pace at which countries like Greece and Spain cut their deficits with austerity measures must depend on their economic conditions, International ...
IMF urges quick, effective moves to buoy growth
Global financial ministers called Saturday for quick and effective action to safeguard faltering economic growth and rebuild shaken confidence as they ...
Greek unemployment rises above 25 percent
Unemployment in Greece hit a record high of 25.1 percent in July as the country's financial crisis continues to exact its heavy toll, official figures ...
Spanish bailout dilemma sharpens
The Spanish government's dilemma over whether to request a European bailout has become more acute following a downgrade of the cash-strapped country's ...