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News Tag: Dominique Strauss-Kahn

June 29, 2011

France’s Lagarde becomes first female IMF chief

by Kay Mitchell
”France’s
It has been confirmed that French Finance Minister, Christine Lagarde, is to become the first ever woman to head the International Monetary Fund (IMF). The 55-year-old has been the front-runner since the position became available when Dominique Strauss-Kahn, former managing director of the IMF, was forced to step down after being accused of sexually assaulting a hotel maid in New York. The ...




May 22, 2011

Osborne shows support for Lagarde to take IMF role

by Kay Mitchell
”Osborne
Chancellor George Osborne has showed his support for Christine Lagarde to take over as chief at the International Monetary Fund (IMF). Mr Osborne believes the 55-year-old Economy Minister is an "outstanding candidate" for the position and is set to formally nominate her. The chief role at the IMF is available after Dominique Strauss-Kahn was forced to step down after being ...




May 17, 2011

IMF chief could face 25 year prison sentence

by Kay Mitchell
IMF chief could face 25 year prison sentence
Dominique Strauss-Kahn, managing director of the International Monetary Fund (IMF), could be sentenced to up to 25 years in prison if he is convicted of the most serious charge. Sixty-two-year-old Strauss-Khan was arrested at the weekend after being accused of sexually assaulting a hotel maid in New York. Mr Strauss-Kahn denies the charges and is being held, without bail, at New ...




October 6, 2010

IMF fears currency war after interventions by central banks

by Kay Mitchell
”IMF
Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), has expressed his concern for a currency war. According to Mr Strauss-Kahn, if Governments across the world use exchange rates as a policy weapon, there could be a serious risk to global economic recovery. His comments come ahead of the IMF and World Bank annual meeting in Washington later this ...




June 29, 2010

IMF believes yuan still undervalued

by Kay Mitchell
IMF believes yuan still undervalued
Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), has said that China's yuan was still too low, despite a pledge by the People’s Bank of China to make its exchange rate more flexible. The US has previously expressed dissatisfaction that China is keeping the value of the yuan low to help its exporters at the expense of overseas competitors. Earlier ...




April 16, 2010

Greece may activate emergency loans

by Kay Mitchell
Greece may activate emergency loans
The euro has lost ground again today after it emerged that Greece has requested talks with the European Union, European Central Bank and the International Monetary Fund (IMF) to discuss its rescue package. On Sunday, finance ministers of the euro zone nations agreed to provide emergency loans to Greece. The deal will see €30 billion (£26 billion) in emergency loans and comes at a ...




January 18, 2010

IMF: Asia leads global recovery

by Kay Mitchell
”IMF:
The International Monetary Fund (IMF) has today warned that the global recovery “remains very fragile“. Dominique Strauss-Kahn of the IMF said the global economy has been stronger than expected and China and developing Asian economies are leading the way in the global economic recovery but warned all major economies of an early withdrawal from stimulus packages. He said stimulus measures have led to a ...