Russia vows `tough` action if Ukraine defaults on debt

Russian Prime Minister Dmitry Medvedev said Saturday that his government will adopt a "tough stance" if Ukraine defaults on its debt, which includes a $3 billion loan from Moscow.

Global energy subsidies to hit $5.3 tn this year: IMF

The International Monetary Fund voiced alarm on Monday about energy subsidies across the world, saying they were expected to reach USD 5.3 trillion in 2015, more than government health spending.

EU says progress `not sufficient` for Greece debt deal

Cash-strapped Greece has not made enough progress in crunch debt talks with its European partners to unlock sorely-needed funds as part of its massive EU-IMF bailout, the bloc`s Commissioner for the Euro Valdis Dombrovskis said on Friday.

Green technologies need to be developed on war footing: Arun Jaitley
Green technologies need to be developed on war footing: Arun Jaitley

Asserting that India is prepared to play its part in combating the danger posed by climate change, Finance Minister Arun Jaitley has said the global community needs to develop greener technologies "on a war footing".

Greece in new reform pledge to Europe

Greece agreed Friday to give creditors a new list of reforms to get its bailout back on track after Prime Minister Alexis Tsipras held crunch talks with European leaders.

Greece to submit new reform list within days: Statement

Greece has agreed to give creditors a new list of reforms within days in order to secure bailout funds, a statement said Friday after talks between Prime Minister Alexis Tsipras and European leaders.

Greece pleads for help but Germany warns against breakthrough

Greek Prime Minister Alexis Tsipras has urged European leaders at a summit to help him tackle a looming cash crunch despite warnings from Germany that he should expect no breakthrough.

Ignoring Raghuram Rajan's 2005 prediction was a big mistake: IMF chief

Showering fulsome praise on Raghuram Rajan, IMF chief Christine Lagarde Tuesday said not listening to his prediction of 2008 credit crisis was a big mistake of the multilateral funding agency.

Ukraine bailout faces huge risks: IMF

The $40 billion bailout for Ukraine faces an array of "exceptionally high" risks, the IMF warned Thursday, a day after pledging to pump $17.5 billion into the four-year rescue.


Restaurant opened by Strauss-Kahn accuser closed after fire

A New York restaurant opened by the maid who accused ex-International Monetary Fund chief Dominique Strauss-Kahn of sexual assault has been forced to close temporarily because of a fire, it was confirmed Monday.


Tsipras declares victory as Greece dodges financial collapse

Greek Prime Minister Alexis Tsipras declared victory on Saturday after agreeing a last-minute conditional financial rescue deal with Europe, despite making big concessions to avert financial collapse within days.

Lankan Finance Minister meets top officials of WB, IMF

Sri Lanka'a new Finance Minister Ravi Karunanayake met top officials of the World Bank and IMF here and discussed the developmental needs of the country, seeking their assistance in improving the economic situation of the island nation.

Ex-prostitutes drop civil action against Dominique Strauss-Kahn in pimping trial

Two ex-prostitutes on Monday dropped a civil suit against former IMF chief Dominique Strauss-Kahn who is standing trial for pimping in France, their lawyer said.

IMF announces $17.5 billion assistance for Ukraine

International Monetary Fund chief Christine Lagarde announced Thursday that the agency had reached an agreement with Ukraine to provide assistance to the country worth 15.5 billion euros ($17.5 billion) over four years.

Greece in bailout showdown with Europen Union

Greece`s new left-wing government went into a showdown with sceptical European partners on Wednesday as it laid out demands to renegotiate its huge bailout at crunch talks in Brussels.

DSK lashes out at court for focus on sexual preferences

Former IMF chief Dominique Strauss-Kahn on Wednesday lashed out at the focus on his sexual behaviour in a French court where he is charged with pimping, saying he was not on trial for "deviant" acts.