Topic: International Monetary Fund
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Briefing Where does Haiti stand three years after its 7.0 earthquake?
After billions of dollars in aid spent to help Haiti 'build back better' from its devastating earthquake on Jan. 12, 2010, hundreds of thousands are still without homes.
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For these four nations, 2012 is worse than the Great Recession
The Great Recession of 2008/09 delivered the worst blow to the global economy since the 1930s. But in a few nations, 2012 is turning out to be worse than 2009 in terms of economic growth. Europe's debt crisis, the general slowing of the world economy, and domestic political troubles have played a role in undercutting 2012 growth for one or more of these four nations. Can you guess who they are?
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Focus Recession in America? 10 questions assessing the threat.
Concerns about weak economies in Europe have already rattled global financial markets, and things are hardly rosy at home. Is America heading into a recession? Here are answers to 10 questions about that risk.
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Briefing What would happen if Greece exited the eurozone?
Rumors are rife of a Greek exit from the eurozone. While no country has yet dropped the common currency, there are some indications of what will transpire if Greece does.
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France presidential elections: the candidates challenging Sarkozy
French President Nicolas Sarkozy is fighting for reelection in the April 22 presidential poll. Here are the top 5 presidential candidates.
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Morsi seizes broad powers in Egypt: What does US do now?
A decree this week by Egyptian President Mohamed Morsi essentially makes him a dictator, critics say. They call for US action. But the Obama administration might give him some leeway.
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More time or tough love? Eurozone deadlocks over Greece debt deal.
Greece needs its next aid infusion by mid-December. But European finance ministers postponed a deal amid disagreement over how much time Greece should have to pay down debt.
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Stocks rise on hopes for budget deal
Stocks had their biggest gain in two months Monday, breaking the post-election slump. Hope that Washington will reach a deal on the federal budget drove stocks upward.
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Gaza conflict offers Egypt's new leader a defining 'moment,' but it's brief
The Gaza crisis has put Egypt's President Morsi in a tight spot, caught between his sympathy for Hamas and his country's reliance on the US. If he chooses to play the role of mediator, he may have little time.
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A role reversal as former colonies meet former colonists at Ibero-American summit
Spain and Portugal, once the heavy hitters in the annual meeting of Iberian and Latin American nations, are now looking to their one-time colonies for help amid their debt crisis.
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Energy Voices An America self-sufficient in oil? Don't bet on it.
A new forecast that the US will surpass Saudi Arabia in oil production is unrealistically optimistic. Oil prices would have to rise far too much for unconventional oil to meet forecast levels.
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Home Depot soars, stocks fall in uneven trading
Home Depot earnings beat expectations, sending its stock up 3.6 percent. Despite signal of housing recovery from Home Depot results, 'fiscal cliff' in US and postponement of aid package for Greece drag down broader market.
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Eurozone, IMF clash over Greek debt as deadline looms
IMF chief Christine Lagarde and European financial ministers debated today over how to prevent Greece from collapsing, even as Athens faces mandatory debt payment on Friday.
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Greece pushes through more austerity, awaits next bailout payment
The Greek Parliament narrowly pushed through the new, unpopular austerity measures, a key step for the release of more bailout funds from Europe.
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Malawi suspends anti-gay laws
Malawi's moratorium has attracted a lot of attention in Africa, where two-thirds of countries criminalize homosexuality.
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Ahead of austerity cuts, Greek protests get violent
Athens descended into violence Wednesday when a few hundred protesters clashed with riot police ahead of a crucial parliamentary vote on new spending cuts.
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Greeks strike over spending cuts before crucial austerity vote
The strike has brought public transport to a virtual standstill and shuttered schools, banks, and local government offices in Greece the day before Parliament votes on a new round of wage and pension cuts.
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Spanish elections bolster Rajoy's austerity policies
Prime Minister Rajoy's ruling, pro-austerity party was a winner in Spain's regional elections this weekend, but so were independence-minded parties that could hurt his economic measures.
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Opinion Japan, China, South Korea island disputes threaten global economy (+ video)
Island disputes between Japan, China, and South Korea are threatening financial stability in East Asia, and with it, the global economy. The next US administration should push publicly and persistently for a solution.
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US outspends Islamabad on flood relief in Pakistan
But instead of helping repair US-Pakistan relations, the flood aid looks as if it is feeding into old patterns of distrust between the two countries.
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Reverse brain drain: 'African Lion' economies vs West’s fast track
One Kenyan – like tens of thousands of fellow Africans in a new reverse brain drain – leaves a career in a foreign country for a sunny future back home. Developing nations are experiencing a 'brain gain' as the global recession makes their best and brightest see opportunity in places they once fled.
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Focus As sanctions crush rial's value, Iranians point fingers at Ahmadinejad
Western leaders may finally be seeing the result of stringent sanctions as Iranians blame their government, not the US and EU, for the precipitous economic decline of the oil-rich country.
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Stocks flatline, pulled by jobless claims, Europe
Stocks fell stagnant Thursday with little significant activity up or down. Stocks rose in the morning after a positive jobless claims report but fell in the afternoon.
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Bond downgrade puts pressure on Spain for bailout request (+video)
Even though Standard & Poor's dropped Spain's bond rating to just above junk status, making a bailout request likely, Germany remains opposed to acceding to a bailout prematurely.
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IMF pushes for more action as Europe's recovery drags
The International Monetary Fund is looking to richer countries for swifter action as Europe's debt crisis continues and developing countries, once the engine of the world's economy, also face uncertainty.
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Gloomy outlook from Chevron, Alcoa sinks stocks for third straight day
Stocks slumped Wednesday after Chevron and Alcoa issued pessimistic reports. Energy and materials stocks, whose fortunes hinge on economic growth, dropped the most.
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Why Angela Merkel may not be able to keep Greece in Europe (+video)
Chancellor Merkel, who faces elections next year, has tied her political fate to the survival of the common currency. But despite her efforts, Greece's economy continues to reel.
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Senator prods Gang of 8 to make middle class, deficit-cutting top priorities
As bipartisan talks to avoid a 'fiscal cliff' renew this week, a top Senate Democratic leader, Charles Schumer, warns negotiators that any plan that aims to cut taxes on the rich and also cut deficits is 'a trap,' and won't add up.
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Stocks slump after weak IMF report
Stock traders were discouraged by an International Monetary Fund report released overnight that said the global economy was weakening. Energy stocks were the only major group in the S&P 500 to finish higher.
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The Monitor's View World's big 'wanted' sign: 600 million jobs
Even as the World Bank calls for 600 million more jobs by 2020, the IMF forecasts a long economic slowdown. Will new technologies help? No. The first need is basic reform in governance.
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