Welcome to New York is the story about a very powerful French businessman who allegedly rapes a maid in a New York City hotel room and is arrested, but is spared jail-time after his wife pays the maid off.
The IMF has released its forecast and predicted that Britain’s economy will grow faster than any other G7 country.
Europe is on the mend, but the economic crisis that has plagued the region since 2008 is not over yet, International Monetary Fund (IMF) Managing Director Christine Lagarde has warned.
A new report commissioned by the IMF has refuted claims made by economists Carmen Reinhart and Kenneth Rogoff that high government debt levels stifle economic growth.
The International Monetary Fund is planning to raise its global growth forecasts, amid increased optimism about the world's economic future.
The International Monetary Fund downgraded its global growth outlook for 2013 on Tuesday, and warned of three "new risks" that threaten to derail the global economic recovery.
The International Monetary Fund (IMF) could be forced into an embarrassing U-turn this week and upgrade growth forecasts for the U.K, analysts said on Monday.
Global central banks have been the only way to promote growth and more needs to be done, but additional U.S. deficit reduction needs to be restrained, the IMF's Christine Lagarde told CNBC's "Closing Bell" on Wednesday.
The decision by the euro zone to force bank depositors in Cyprus to contribute towards a bailout, a first in the euro zone debt crisis, could hurt other peripheral nations, the euro and the global stock market rally, analysts warned.
Greece cannot receive its much-delayed and critically-needed bailout tranche of €31.5bn (£25bn) unless its national debt level is deemed to be on a path of eventual sustainability, but Athens will not be allowed to default on €5bn of debt that needs to be redeemed next week, a senior eurozone official said on Friday.