Topic - International Monetary Fund

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  Zoellick steps down as World Bank leader

  World Bank President Robert Zoellick said Wednesday he is stepping down, raising the possibility that a non-American might be chosen for the first time to head the 187-nation lending organization.

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  World Bank chief Zoellick leaving

  World Bank President Robert Zoellick said Wednesday he is stepping down, raising the possibility that a non-American might be chosen for the first time to head the 187-nation lending organization.

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  Euro countries voice doubts over Greek bailout

  Some eurozone countries have strong doubts over whether a second massive bailout can save Greece, officials said Wednesday, even as Athens rushed to meet tough conditions to qualify for the 130-billion-euro ($170 billion) rescue.

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  Greece reaches austerity deal

  Greece has reached a tentative agreement on new austerity cuts demanded by creditors to release a 130-billion-euro ($173 billion) bailout, hours before a crucial meeting of finance ministers in Brussels, Prime Minister Lucas Papademos' office said Thursday.

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  Greek party leaders prepare for crucial debt talks

  Greek coalition leaders are preparing their responses to a draft deal on steep cutbacks demanded by creditors in return for a 130-billion-euro ($170 billion) bailout that will shield the country from a looming bankruptcy.

• Economy Briefs

  Fisker Automotive, a maker of electric cars that received a half-billion-dollar loan from the federal government and millions more from Delaware economic development officials, says it has laid off workers in Delaware and California.

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  U.S. stocks slip as Greek talks drag on

  Stocks edged lower in afternoon trading Monday as talks dragged on between Greek political leaders over a fresh austerity package required for the country to get more bailout loans.

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  Greece, under international pressure, caves in on civil service firings

  Greece's coalition government on Monday caved in to demands to cut civil service jobs, announcing 15,000 positions would go this year, amid mounting international pressure to agree on austerity measures needed to secure major new debt agreements.

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  French pull racy ads for film about infidelity

  What does it take to shock in the land of the Gallic shrug? Ads that suggest adulterous oral sex, according to complaints about the new movie "Les Infideles."

• Economy Briefs

  Crisis talks on a debt deal for Greece among the three leaders of parties supporting the coalition government were suspended and will continue Monday.

• Racy ads for French movie about infidelity pulled

  What does it take to shock in the land of the Gallic shrug? Ads that suggest adulterous oral sex, according to complaints about new movie "Les Infideles."

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  TAUBE: The great North American divorce

  President Obama recently decided to reject TransCanada Corp.'s proposal to build the Keystone XL oil pipeline. While it may have warmed the cockles of the hearts of his Hollywood buddies, environmentalists and various financial supporters, it could cause a devastating political and economic rift with the Canadian government.

• VERSACE: Making sense of Fed keeping interest rates low

  Compared to the initial weeks of 2012, this week was chock-full of activity from a pickup in corporate earnings, Republican presidential candidate debates, the State of the Union address, economic forecast updates and, of course, the latest economic data. While we get to what all of this means in a bit, it would be remiss of me not to mention that this week the Dow Jones Industrial Average rallied to its highest level in more than three years and is up 4.9 percent so far this year. By comparison, the Nasdaq Composite Index is up 8.5 percent while the S&P 500 climbed 5.8 percent on a similar basis as I write this.

• IMF: European crisis will slow world economy

  A recession in Europe will slow the global economy this year, the International Monetary Fund predicted Tuesday, while urging world leaders to focus on growth more than on budget cuts.

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  Romanian leader calls for unity as thousands protest

  Romania's leader on Tuesday used a national holiday to call for unity as thousands of protesters angry at the government's failure to reverse falling living standards turned their ire toward state media.

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