The International Monetary Fund approved Pakistan's US$5.3 billion loan to help the nation stabilize its struggling economy.
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European Commission approves BCP restructuring plan
The European Commission approved the restructuring plan of BCP, Portugal's largest listed bank.
Greece recession remains critical
Greece's economy still critical despite slight improvement. Greece's economic recession was marginally reduced in the second quarter of this year when the economy shrank at only 4.
US issues worldwide travel alert after citing al-Qaeda's threat
The US State Department announced an international travel alert for terrorist attacks in the Middle East, North Africa and South Asia.
Ex IMF chief joins the board of Rosneft-owned bank
Dominique Strauss-Kahn joins the Russian Regional Development Bank, a Rosneft-owned bank. Dominique Strauss-Kahn joined the supervisory slate of a bank owned by Rosneft, a Russian state oil major.
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The International Monetary Fund said the markets overreacted even if the US Federal Reserve didn't know how to stop buying bonds.
The IMF released Ireland's aid fund for its bailout due to 'steadfast' economy. (Photo : REUTERS)The Irish flag flies above the General Post Office on O'Connell Street in Dublin The International Monetary Fund announced its approval of Ireland's bailout program.
Greece is required to sell off its energy company shareholdings as part of their bailout deal. (Photo : REUTERS)A Greek flag flies behind a statue to European unity outside the European Parliament in Brussels The largest refinery in Greece, Hellenic Petroleum was one of the assets identified in the privatization plan of the country.
Top European economic officials hope to fix process to avoid repetition of the chaos that occurred during the Cyprus bailout proceedings.
IMF approves US$1.75 billion loan package to Tunisia. According to reports, the International Monetary Fund confirmed that it had agreed to a $1. 75 billion standby loan agreement with Tunisia.
Private equity firm Carlyle Group is set to sign investment deals in Africa to tap the increasing customer spending in the continent.
Eurozones finance ministers will meet in Dublin on Friday to discuss a bailout for Cyprus, the cost of which has rise to 23 billion euros from 17.5 billion euros.
Absa, a Barclays subsidiary to establish fund to purchase African equities. The Johannesburg based subsidiary of Barclays Plc, Absa Asset Management is planning to establish a US$100 million fund to be used to invest in African shares.
