WASHINGTON The International Monetary Fund will not be able to help Venezuela deal with its economic crisis until a "large majority" of its members decide who to recognize as the country's leader, the head of the global lender said on Saturday.
WASHINGTON, April 12 Mexico will offer its
ailing state oil company Pemex a lifeline for only one year by
dipping into its budget stabilization fund, Finance Minister
Carlos Urzua said on Friday, ruling out that the government will
absorb the debt.
Venezuela's debt is another step closer to being removed from a key emerging market bond index series after JPMorgan Chase & Co placed the country's securities on "index watch" because of trading disruptions caused by U.S. sanctions against President Nicolas Maduro's government.
WASHINGTON International Monetary Fund and World Bank shareholders are still undecided on whether to recognize Venezuelan opposition chief Juan Guaido as the country's leader, the institutions said on Thursday.
WASHINGTON Top finance officials from emerging market economies on Thursday called for a collective global response to resolve ongoing trade tensions within a rules-based trading system.
WASHINGTON Pursuing so-called 'euroclearability' can help some emerging market economies lower borrowing costs by over $13 billion over 10 years while increasing their investor base, a report showed on Thursday.
NEW YORK Curbing corruption could generate about $1 trillion in tax revenues annually across the world, according to research from the International Monetary Fund.
BUENOS AIRES/NEW YORK/LONDON Investors in Argentina are starting to get the jitters.
NEW YORK Wall Street led global stocks higher on Thursday on the back of upbeat economic data, while the dollar rallied despite the Federal Reserve's uber-dovish stance as Brexit worries weighed on the euro and sterling. | Video