IMF

Financial markets are reacting to a strong earnings report from Goldman Sachs (NYSE: GS) and a higher outlook for global growth from the IMF on Tuesday morning. Steep gains can be seen across the major averages, led by the Nasdaq Composite which rose 1.64% in early trade. The Dow Jones Industrial...

Ukraine has found itself caught between a rock and a hard place, as the country's dwindling cash reserves could force it to make the tough decision of seeking support from either the International Monetary Fund (IMF) or Russia. Ukraine has found itself in a predicament because the country is...

Greece is edging closer to having enough of the private sector holders of the country's outstanding debt accept a debt restructuring deal would see the face value of their bonds take a major, while reducing the financial burden of the nearly bankrupt Greek government. The agreement is needed in...

China is lowering its economic growth target to an eight year low, so that it can focus on increasing domestic demand and prepare for next year's leadership change. Chinese Premier Wen Jiabao said that his 2012 growth target of just 7.5 percent would allow Chinese officials to increase their...

While the Occupy Wall Street movement set its sights on occupying a financial center, Germany has accomplished the vastly more impressive feat of occupying an entire nation: Greece. Germany has experience at occupying Greece, having done so during World War II. The art of occupying another...

Manufacturing activity in China is on the rise according to survey results from the latest Purchasing Managers Index in China. The Purchasing Managers Index (PMI) rose to 51.0 in February, up from 50.5 in January. A score above 50.0 is an indicator of improving economic activity. The official...

There was more bad news out of Europe on Thursday when the European Union's statistics agency Eurostat announced that unemployment in the euro zone had climbed to a euro era record high and inflation was on the rise too. Eurostat said that unemployment across the euro zone had reached 10.7 percent...

The Japanese yen reversed course and strengthened against the American dollar, the euro and other major currencies during trading on Monday. One of the reasons for the strengthening yen was that the Group of 20 nations resisted the requests from European Union leaders to increase the contribution...

The euro zone unexpectedly shrank in February, adding to fears that Europe might be about to fall back in to recession. The latest survey results from Markit Economics' purchasing managers' index (PMI) showed that the index fell back to 49.7 in February, down from 50.4 in January. The results are...

The latest data from a monthly HSBC (NYSE: HBC) survey on Chinese economic activity shows that China's rapid economic growth continues to cool. Although the HSBC Flash China Purchasing Managers' Index (PMI) for February rose to 49.7, up from 48.8 in January, anything below 50 is considered a sign...