Guilty, but no penalty. A mixed ruling for IMF chief Christine Lagarde. She is found negligent in dealing with a 400 million Euro payment in 2008, but she can move on after a five year legal battle.
High levels of corporate, government and household debt are undermining China’s financial stability, the IMF said in a report. It urged Beijing to halt credit-fueled growth and bulk up on banks' capital reserves.
Regulators from around the world have reached a compromise on new banking measures, ending a battle that began at the height of the financial crisis and was fiercely contested by banks on both sides of the Atlantic.
The International Monetary Fund (IMF) has warned about Zimbabwe's "very difficult" economic situation, saying it's threatened by high government spending, an untenable foreign exchange regime and inadequate reforms.
Ahead of a key meeting with creditors in Caracas about $60 billion of debts, the president has insisted Venezuela will never default on its debt. Meanwhile, the EU has moved to impose sanctions including an arms embargo.
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