Lagarde said in a statement her resignation was effective Sept. 12, opening the way for the IMF to choose its next leader.

The global lender last week formally approved the USD 6 billion loan to Pakistan.

The threat of political missteps is looming over the global economy amid a backlash against free trade.

At the close, the Shanghai Composite index was down 1.51 per cent at 2,997.10 points.

US gold futures were also down 0.1 per cent at $1,320.70 an ounce.

GST roll out and steps taken to deal with accumulated problems in banks are important steps in making India an economic powerhouse, a top I...

“At least for the next two years, there will be a tailwind in the global economy.”

With strong consumption and investment, rising exports, and steady capital inflows, the outlook for Asian region remains bright, he added.

When the financial crisis swept across Asia, as currencies and stock markets tumbled, China took a decision that provided a crucial firewal...

Bad loans by commercial banks totalled 1.5 trillion yuan ($220 billion) at the end of last year, 18.3 billion yuan more at the end of quart...

In India’s case, taking into account its macroeconomics, its budget and its debt situation, the continued attention to controlling the budg...

Higher cereals and cotton prices offset declines in edible oils and oilseeds prices.

China has accumulated debt faster than any Group of 20 nation over the past decade, climbing to 247% of gross domestic product.

China will conform to the latest statistical standards set by the IMF to improve transparency and remove scepticism about the economic data...

Here is a list of ramp-scorchers who made big bucks

The IMF has projected 7.75 per cent growth for China this year, lower than last year's 7.8 per cent.

The IMF is also pushing that prescription - for both the euro zone and Britain - but Germany and the ECB are opposed.