Fitch downgraded the sovereign credit ratings of Belgium, Cyprus, Italy, Slovenia and Spain on Friday, indicating there was a 1-in-2 chance of further cuts in the next two years.
The European Union and IMF want Greece to push through more budget cuts and implement a series of long-agreed austerity reforms before they agree on a new bailout the country
The global economic slowdown will affect Asia this year but the region will remain the economic powerhouse of the world, led by China, India and Indonesia, the head of the
The euro zone debt crisis is escalating and dragging down the world economy, the International Monetary Fund said on Tuesday, as it sharply cut its outlook for global growth and
A group of economic leaders from across the world, including chiefs of the IMF and the World Bank, today called for immediate steps to safeguard the global economy from challenges
The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro
European shares and the euro got a boost on Wednesday on talk the IMF may do more to help resolve the European debt crisis but worries over the outcome of
Europe may avoid a recession this year and there were reasons to be more upbeat about prospects for the region, the Business Day newspaper quoted International Monetary Fund's Managing Director
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