European Parliament Approves Lagarde As Next ECB Chief

-Christine Lagarde has been approved as the next boss of the European Central Bank -The final decision on her appointment is up to EU leaders in a mid-October summit The European Parliament on Tuesday approved outgoing IMF chief Christine Lagarde as the next boss of the European Central Bank, which last week announced massive stimulus … Read more

IMF Reaches Agreement With Argentina That It Will Release $5.4 bn Loan Tranche

The International Monetary Fund on Friday reached an agreement with Argentina that it will allow release of the next $5.4 billion disbursement under the loan program intended to help stabilize the South American nation’s economy. The IMF board must approve the fourth review of the country’s performance under the loan deal signed last year before … Read more