Washington - International Monetary Fund (IMF) chief Dominique Strauss-Kahn has reportedly apologized to staff over an improper affair with a married subordinate.
Meanwhile, the IMF on Monday said an inquiry into whether he abused his position will be completed by the end of the month.
Strauss-Kahn met Friday with the IMF's executive board, which has the power to dismiss him, and has been "fully supportive" of the investigation, according to a statement from Shakour Shaalan, who leads the 24-member board.
Washington - International Monetary Fund (IMF) chief Dominique Strauss-Kahn has reportedly apologized to staff over an improper affair with a married subordinate.
Meanwhile, the IMF on Monday said an inquiry into whether he abused his position will be completed by the end of the month.
Strauss-Kahn met Friday with the IMF's executive board, which has the power to dismiss him, and has been "fully supportive" of the investigation, according to a statement from Shakour Shaalan, who leads the 24-member board.
Washington - Wall Street stocks rose sharply on Monday amid indications that a second fiscal stimulus package could be on the way to boost the faltering US economy.
Federal Reserve Chairman Ben Bernanke said in congressional testimony that another stimulus package "seems appropriate." White House spokeswoman Dana Perino said that President George W Bush was keeping an "open mind" to the idea.
An economic stimulus package passed in February spent 152 billion dollars, most of it through tax credit checks sent to individual taxpayers.
New York - Just days after US and European leaders agreed to an emergency economic summit on US soil, the United Nations Monday announced the creation of a task force to review the role of the World Bank and International Monetary Fund (IMF) in the worst global finance meltdown since the Great Depression of the 1930s.
Economics Nobel Laureate Joseph Stiglitz is to head the group, the Interactive Panel on the Global Financial Crisis, which was to hold its first meeting October 30 at UN headquarters in New York, said Miguel d'Escoto, the president of the UN General Assembly.
New York - Toy producers Mattel Inc and Hasbro Inc were bracing for one of the worst holiday sales seadons in a generation, saying Monday the squeeze of high costs and reduced consumption spell trouble for the coming months.
The world's two largest toy manufacturers posted slow sales. Mattel's third quarter sales trailed analysts' estimates, while Hasbro posted the slowest sales growth in seven quarters.
New York - With some tickets priced at 25,000 dollars, the seminal concert last week by legendary rockers Bruce Springsteen and Billy Joel was always destined to be a huge fundraiser for Democratic presidential candidate Barack Obama.
On Monday the New York Daily News reported that the concert Thursday at New York's Hammerstein Ballroom raised a staggering 7 million dollars for the campaign.
Washington - International Monetary Fund (IMF) chief Dominique Strauss-Kahn has reportedly apologized to staff over an improper affair with a married subordinate.
Washington - International Monetary Fund (IMF) chief Dominique Strauss-Kahn has reportedly apologized to staff over an improper affair with a married subordinate.
Washington - Wall Street stocks rose sharply on Monday amid indications that a second fiscal stimulus package could be on the way to boost the faltering US economy.
New York - Just days after US and European leaders agreed to an emergency economic summit on US soil, the United Nations Monday announced the creation of a task force to review the role of the World Bank and International Monetary Fund (IMF) in the worst global finance meltdown since the Great Depression of the 1930s.
New York - Toy producers Mattel Inc and Hasbro Inc were bracing for one of the worst holiday sales seadons in a generation, saying Monday the squeeze of high costs and reduced consumption spell trouble for the coming months.
New York - With some tickets priced at 25,000 dollars, the seminal concert last week by legendary rockers Bruce Springsteen and Billy Joel was always destined to be a huge fundraiser for Democratic presidential candidate Barack Obama.
