French Finance Minister Christine Lagarde is chosen to lead IMF; takes over at turbulent time
WASHINGTON – French Finance Minister Christine Lagarde has been chosen to lead the International Monetary Fund. She will become the first female managing director of the global lending organization. Lagarde’s selection became all but assured when the Obama administration endorsed her earlier Tuesday
Financial firms lead stocks
Financial companies led stock indexes to new two-year highs Tuesday after another big banking deal raised hopes that more acquisitions could be on the way. Toronto-Dominion Bank said it is buying Chrysler Financial, the automaker’s old lending arm, from Cerberus Capital Management LP for $6.3 billion. The S&P 500 closed above the level it reached on Sept. 12, 2008, the last trading day before …
Australian Trade Surplus Shrinks as Coal, Iron Ore Lead Exports Lower
Australias Trade Balance surplus narrowed for the first in three months in July, printing at A$1.8 billion. Economists were expecting a shallower decline to A$3.1 billion ahead of the release. Exports slumped 4.6 percent, with shipments to China Australias top trading partner and the top source of demand behind the mining boom that kept the antipodean economy afloat amid the so-called Great …
Global Financial Credit Crunch: Will it lead to a Global Oil and Gas Supply Crunch?
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