All posts tagged "IMF"

• IMF sees 2016 Negative Growth for Latin America, Caribbean

  WASHINGTON – The International Monetary Fund is forecasting that the economies of Latin America and the Caribbean will maintain this year the same overall 0.3 percent negative growth seen in 2015. Alejandro Werner is the IMF’s chief...

  • Posted January 23, 2016
  • 0
• Venezuela Congress Nixes Maduro Request for Emergency Powers

  CARACAS, Venezuela – Venezuela’s opposition-led congress on Friday rejected President Nicolas Maduro’s request for emergency powers amid a plunging national economy, the depths of which were dramatized by an IMF estimate that inflation this year will top...

  • Posted January 23, 2016
  • 0
• Energy Stocks Lead a Broad Rally as the Price of Oil Soars

  NEW YORK – U.S. stocks made their biggest gain in more than a monthon Friday as oil prices surged, lifting energy stocks. Tech stocks also climbed as Apple shares had their day since August. Energy companies soared...

  • Posted January 22, 2016
  • 0
• Weak Growth and Shaky Markets put Pressure on Central Banks

  WASHINGTON – The world’s central banks are under pressure to do something about slumping economies and panicky stock markets. The question is, can – or will – they do much that would help? The head of the...

  • Posted January 22, 2016
  • 0
• IMF: Venezuela Inflation to Surpass 700 Percent

  CARACAS, Venezuela – The International Monetary Fund says Venezuela inflation will blow past 700 percent this year. In a note published Friday, IMF Western Hemisphere Director Alejandro Werner said inflation would more than double in the economically...

  • Posted January 22, 2016
  • 0
• US Stocks Rise as Energy Stocks Rally Following Big Slump

  NEW YORK – Stocks rose Thursday and recovered some of their steep losses from the day before. The price of oil also recovered from a big decline. That lifted energy companies, which have been struggling as energy...

  • Posted January 21, 2016
  • 0
• Russian Ruble Keeps on Falling, Hits New Record Low

  MOSCOW – The Russian ruble hit another historic low against the dollar Thursday as currencies slid across the former Soviet Union against the backdrop of low oil prices. The ruble traded above 85 to the dollar for...

  • Posted January 21, 2016
  • 0
• UK, Germany Back Lagarde for New Term at IMF

  DAVOS, Switzerland – Britain and Germany gave their key backing Thursday for Christine Lagarde to stay at the helm of the International Monetary Fund for a second term. The savvy Frenchwoman, however, held back from confirming she...

  • Posted January 21, 2016
  • 0
• Stocks Slide as Oil Tumbles, S&P Lowest in Almost 2 Years

  NEW YORK – U.S. stocks slumped Wednesday as the price of oil suffered its worst one-day drop since September, and the Standard & Poor’s 500 index fell to its lowest level in almost two years. Investors are...

  • Posted January 20, 2016
  • 0
• Biden Wisecracks at Davos, then Warns of Digital Age Threats

  DAVOS, Switzerland – Ever the jokester, U.S. Vice President Joe Biden ribbed his boss Wednesday at the World Economic Forum before getting serious to chide tax-dodgers and warn about the possible dangers that the digital revolution and...

  • Posted January 20, 2016
  • 0