Imf, International Monetary Fund | featured news

French Finance Minister Christine Lagarde will likely become the next head of the International Monetary Fund (IMF), with backing of the United States and Japan, the Nikkei financial daily reported on Sunday, citing unidentified global financial industry sources in Washington.

Portugal will elect a new government on Sunday which will lead the country through a period of deep austerity and recession after it received a 78-billion-euro ($114 billion) bailout from the European Union and IMF.

French Finance Minister Christine Lagarde on Wednesday launched her bid to lead the International Monetary Fund, a candidacy that would put the first woman in charge of the scandal-rocked fund but increases tensions with developing nations who want one of their as head.

DNA taken from former International Monetary Fund leader Dominique Strauss-Kahn matches material on the uniform of a hotel maid who says he sexually assaulted her, two people familiar with the investigation told The Associated Press....

The wife of former International Monetary Fund chief Dominique Strauss-Kahn said she is closing down her popular French blog.

Forget what the New York prosecutor says about Dominique Strauss-Kahn. The doubters in France are legion and the country is abuzz with conspiracy theories.

European officials rallied around Christine Lagarde, the French finance minister, despite calls for a transparent selection process.

Former IMF chief Dominique Strauss-Kahn spent his first night out of jail since his arrest on attempted rape charges, inside a Manhattan safe house on Saturday, well-hidden from the media gathered outside.

Over the objections of prosecutors, a judge agreed Thursday to free former IMF chief Dominique Strauss-Kahn from jail on $1 million bail on the condition he be confined to a New York apartment under armed guard while he awaits trial on attempted-rape charges....

Dominique Strauss-Kahn, who is facing sexual assault charges in New York, says he is stepping down with 'infinite sadness' and that he wants to devote 'all my energy to proving my innocence.'