Latest Christine Lagarde News

The Latest: Germany criticizes Trump's go-it-alone approach

Feb. 15, 2019 12:58 PM EST

MUNICH (AP) — The Latest on Munich Security Conference (all times local): 6:50 p.m. Germany's foreign minister is calling for a return to multilateral solutions, criticizing U.S. President Donald Trump's go-it-alone approach as counter-productive. Foreign Minister Heiko Maas told Munich Security Conference...

At Dubai summit, Pakistan premier warns of 'painful' reforms

Feb. 10, 2019 10:17 AM EST

DUBAI, United Arab Emirates (AP) — Pakistan's Prime Minister Imran Khan said Sunday his nation needed "painful" economic reforms to cut back on its massive debt, just after meeting the head of the International Monetary Fund, signaling the former cricketer may be willing to slash government spending for a...

Discord and controversy in Davos even with Trump absent

Jan. 25, 2019 11:23 AM EST

DAVOS, Switzerland (AP) — While domestic woes sidelined major figures like U.S. President Donald Trump, this year's gathering of the global elites in the Swiss ski resort of Davos showcased divisions on pressing issues like trade and the environment. In the end, a spunky 16-year-old Swedish climate...

The Latest: Aging societies seen posing risks to economy

Jan. 25, 2019 8:30 AM EST

DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 2:00 p.m. Aging populations threaten to slow economic growth in the world's advanced economies and destabilize the banking system, the head of Japan's central bank told an annual gathering of elites in...

The Latest: Official says EU needs clarity to delay Brexit

Jan. 23, 2019 1:45 PM EST

DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 6:55 p.m. The European Union's top economy official says the 27 countries that will remain EU members after Brexit can grant any request by Britain to postpone the breakup only if it comes with some...

Asian shares meander on worries over US-China trade talks

Jan. 22, 2019 11:17 PM EST

SINGAPORE (AP) — Asian markets were flat in subdued trading Wednesday as Japan reported weak export data and news surfaced of possible hiccups in China-U.S. trade talks. KEEPING SCORE: Japan's Nikkei 225 index was less than 0.1 percent higher at 20,631.54 and South Korea's Kospi rose 0.3 percent to...

World shares retreat on fears of global, Chinese slowdown

Jan. 22, 2019 7:18 AM EST

SINGAPORE (AP) — World markets fell Tuesday after the International Monetary Fund trimmed its global outlook for 2019 and 2020 and China said its economy grew at the slowest pace in nearly 30 years. KEEPING SCORE: Germany's DAX gave up 0.5 percent to 11,076 and France's CAC 40 was down 0.7 percent at...

Asian shares decline on concerns over global, China slowdown

Jan. 21, 2019 11:24 PM EST

SINGAPORE (AP) — Asian markets were mostly lower on Tuesday after the International Monetary Fund trimmed its global outlook for 2019 and 2020. The downgrade came after China said its economy grew at the slowest pace in 30 years in the last quarter of 2018. Wall Street was closed for a holiday on Monday....

World economy forecast to slow in 2019 amid trade tensions

Jan. 21, 2019 11:15 AM EST

DAVOS, Switzerland (AP) — The world economy absorbed more bad news Monday: The International Monetary Fund cut its growth forecast for 2019. And China, the world's second-biggest economy, said it had slowed to its weakest pace since 1990. The IMF cut its estimate for global growth this year to 3.5 percent,...

World Bank President Jim Yong Kim announces his departure

Jan. 7, 2019 2:57 PM EST

WASHINGTON (AP) — Jim Yong Kim, the president of the World Bank, announced Monday he is resigning at the end of January. Kim's unexpected departure three years before his term was set to expire is likely to set off a fierce battle between the Trump administration and other countries who have complained...