Biden Team Debates Fate of IMF Chief as Board Reviews Actions

Biden Team Debates Fate of IMF Chief as Board Reviews Actions

From bnnbloomberg.ca

Treasury Department officials are debating whether the U.S., the International Monetary Fund’s largest shareholder, should ask Managing Director Kristalina Georgieva to resign amid an ethics scandal, people familiar with the situation said. The Treasury’s deliberation continues as the Washington-based fund said its executive board met with Georgieva on Wednesday as part of its ongoing review of an investigation by law firm WilmerHale, commissioned by the World Bank. It alleged that she pressured bank staff to adjust a ranking in China’s favor while working there previously. She took the helm of the IMF in 2019. ... (full story)

- Older Stories
Desperate China backflips on Australian coal
From news.com.au|Oct 6, 2021|3 comments
China, caught in the grips of a power crunch, has begun unloading Australian coal shipments despite an unofficial import ban. Extreme weather, a surge in demand and strict orders ...
Australian PSI: Lockdowns stall services industries' activity again in September
From aigroup.com.au|Oct 6, 2021
The Australian Industry Group Australian Performance of Services Index (Australian PSI®) rose slightly by 0.1 points to 45.7 in September, marking a second month in contraction ...
China's progress in strengthening measures to tackle money laundering and terrorist financing
From fatf-gafi.org|Oct 6, 2021
Since the 2019 assessment of China’s measures to tackle money laundering and terrorist financing, the country has taken a number of actions to strengthen its framework. China has ...

- Newer Stories
US Senate Leader Schumer: I'm hoping to get a deal in the morning
From @FinancialJuice|Oct 7, 2021|2 comments
tweet at 12:10am: US SENATE MAJORITY LEADER SCHUMER: I'M HOPING TO GET A DEAL IN THE MORNING. tweet at 12:12am: US SENATE MAJORITY LEADER SCHUMER: WE'RE MAKING GOOD PROGRESS. tweet at 12:12am: US SENATE MAJORITY LEADER SCHUMER: SENATE WILL RECONVENE AT 10 AM ET.Schumer: Not there yet but hope to come to an agreement tomorrow morning Adds that "we're making good progress" and that they will reconvene again at 10am local time. We've all heard this many a time before. But in any case, one can continue to ignore all the theatrics and noise surrounding the debt ceiling. The US isn't going to default.
Australian housing market surpasses $9 trillion valuation
From corelogic.com.au|Oct 7, 2021
Just five months after reaching $8 trillion in value, CoreLogic has today announced its estimate of the total value of residential real estate in Australia has surpassed a new ...
The situation on the labor market in September 2021
From seco.admin.ch|Oct 7, 2021|1 comment
Registered unemployment in September 2021- According to surveys by the State Secretariat for Economic Affairs (SECO), 120,294 unemployed people were registered at the regional ...