IMF

Late Sunday, Cyprus reached a deal with the Troika of creditors made up of the EU, the ECB and the IMF. In the deal, small deposits (mainly those of smaller, domestic savers) would be protected and the nation's banking sector would be drastically reformed. The draft proposal calls for Cyprus to...

Futures Slip on Spanish Fears U.S. equity futures slipped in early Friday trade as fears of the finances of Spanish banks resurfaced. The Spanish government has placed a freeze on evictions of homes due to increasing suicide rates as people lose their homes, which will be costly to the banks in...

Futures plummet as Greece gets more time on bailout, German Economic Sentiment Drops. U.S. equity futures dropped precipitously in early Tuesday trading following a day of think trading as only stock markets were open in observance of Veterans Day Monday. Overnight, European finance ministers and...

U.S. equity futures fell in early Wednesday trading as the International Monetary Fund issued a stark warning on Europe's troubled banking sector. In a revised estimate, the group's economists believe that European banks need to sell approximately $4.5 trillion of assets, 18 percent higher than...

U.S. equity futures fell in early Tuesday trading as the International Monetary Fund (IMF) slashed global growth forecasts in its quarterly World Economic Outlook. The IMF slashed its estimate for 2012 global growth to 3.3 percent global GDP growth from 3.5 percent in its previous estimate. Also,...

U.S. equity futures fell in early Monday trading as the World Bank slashed growth forecasts for Asian nations including China. The World Bank cut its estimates for Chinese growth in 2012 to 7.7 percent annualized GDP growth from 8.2 percent previously and cut its 2013 GDP growth estimate to 8.1...

As if Spain needed any more bad news, the International Monetary Fund (IMF) published its much-anticipated review of Spain on Friday, painting a bleak outlook for the future of the Spanish economy. In its report, the IMF expects Spain's economic contraction to deepen and continue for longer. The...

Overnight, Greece's three main coalition leaders agreed on measures to reduce spending by approximately $12 billion over the next two years. These cuts amount to nearly all of the $13.8 billion in cuts which the Troika demanded in order to release the next tranche of bailout money to Greece....

The Greek Prime Minister Antonis Samaras and Jose Manuel Barroso, the President of European Commission spoke after meeting in Athens today and acknowledged that Greece remains committed to staying in the euro, despite reports that Greece is on the verge of leaving the currency union. Wednesday,...

Talk of a full-scale sovereign bailout of Spain, along the lines of those received by Greece, Ireland, and Portugal, has increased over the last few days. On Friday, Spain announced a plan to bailout its ailing regional finances, effectively nationalizing regional debts. Also, Spain agreed a new...