13:05 ET Dow -154.48 at 10309.92, Nasdaq -37.61 at 2138.44, S&P -19.130 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 13:05 ET Dow -154.48 at 10309.92, Nasdaq -37.61 at 2138.44, S&P -19.1313:05 ET Dow -154.48 at 10309.92, Nasdaq -37.61 at 2138.44, S&P -19.13

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Tuesday, May 17, 2011

IMF News - 5/17/2011 - International Monetary Fund

In Europe, a first call for IMF chief Dominique Strauss-Kahn to quit after arrest
Washington Post
May 16 (Bloomberg) -- International Monetary Fund Managing Director
Dominique Strauss-Kahn appeared in court for the first time since he was
pulled off a plane May 14 in New York and accused of trying to rape a hotel
maid. He faces as many as 25 years ...
<http://www.washingtonpost.com/business/economy/in-europe-a-first-call-for-strauss-kahn-to-quit/2011/05/17/AFOhVp5G_story.html>
See all stories on this topic:
<http://news.google.com/news/story?ncl=http://www.washingtonpost.com/business/economy/in-europe-a-first-call-for-strauss-kahn-to-quit/2011/05/17/AFOhVp5G_story.html&hl=en&geo=us>

IMF Chief May Claim Consensual Sex as a Defense
New York Times
By WILLIAM K. RASHBAUM As Dominique Strauss-Kahn, the managing director of
the International Monetary Fund, begins to adjust to life on Rikers Island,
his lawyers are starting to lay out a strategy for defending him against
allegations that he had ...
<http://www.nytimes.com/2011/05/18/nyregion/strauss-kahn-may-claim-consensual-sex-as-defense.html>
See all stories on this topic:
<http://news.google.com/news/story?ncl=http://www.nytimes.com/2011/05/18/nyregion/strauss-kahn-may-claim-consensual-sex-as-defense.html&hl=en&geo=us>

EURO GOVT-Uncertainty buoys Bunds, bailout underpins Portugal
Reuters
By Ana Nicolaci da Costa LONDON, May 17 (Reuters) - Portuguese bonds
rallied on Tuesday after the country's EU/IMF bailout was finalized but
uncertainty over a possible restructuring of Greece's debt hurt Greek
assets and underpinned the broader euro ...
<http://www.reuters.com/article/2011/05/17/markets-bonds-euro-idUSLDE74G26220110517>
See all stories on this topic:
<http://news.google.com/news/story?ncl=http://www.reuters.com/article/2011/05/17/markets-bonds-euro-idUSLDE74G26220110517&hl=en&geo=us>

Egypt seeks $4bn IMF loan to fill budget gap
Financial Times
By Heba Saleh and Roula Khalaf in Cairo Egypt is seeking up to $4bn from
the International Monetary Fund to help plug the huge hole in its public
finances that opened up as a result of the economic disarray following the
overthrow of Hosni Mubarak, ...
<http://www.ft.com/cms/s/0/7587593a-808f-11e0-adca-00144feabdc0.html>
See all stories on this topic:
<http://news.google.com/news/story?ncl=http://www.ft.com/cms/s/0/7587593a-808f-11e0-adca-00144feabdc0.html&hl=en&geo=us>

S.Africa says wants IMF chief from developing world
Reuters
JOHANNESBURG May 17 (Reuters) - The next managing director of the IMF
should be from a developing country to ensure the interests of all
countries are reflected in its operations, South Africa's Finance Minister
Pravin Gordhan said on Tuesday. ...
<http://www.reuters.com/article/2011/05/17/safrica-imf-idUSLDE74G2AR20110517>
See all stories on this topic:
<http://news.google.com/news/story?ncl=http://www.reuters.com/article/2011/05/17/safrica-imf-idUSLDE74G2AR20110517&hl=en&geo=us>

IMF Needs Leader to Oversee New World Order
The Moscow Times
By Harold James How the mighty International Monetary Fund has fallen. More
than a decade ago, the French magazine Paris Match carried a picture of the
IMF's then-managing director, Michel Camdessus, with the title: “The Most
Powerful Frenchman in the ...
<http://www.themoscowtimes.com/opinion/article/imf-needs-leader-to-oversee-new-world-order/437008.html>
See all stories on this topic:
<http://news.google.com/news/story?ncl=http://www.themoscowtimes.com/opinion/article/imf-needs-leader-to-oversee-new-world-order/437008.html&hl=en&geo=us>

White House Aide Lipton Seen As Possible Successor To Lipsky At IMF -Sources
Wall Street Journal
Before IMF Managing Director Dominque Strauss-Kahn was arrested over the
weekend, Lipsky said he would not stay in the IMF post after his term ends
this fall. Lipsky is now serving as acting managing director. The No. 2
post at the IMF is traditionally ...
<http://online.wsj.com/article/BT-CO-20110517-714510.html>
See all stories on this topic:
<http://news.google.com/news/story?ncl=http://online.wsj.com/article/BT-CO-20110517-714510.html&hl=en&geo=us>

Kirkegaard Says IMF Arrest `Disruptive' for Debt Talks
Washington Post
May 16 (Bloomberg) -- Charles de Vaulx, portfolio manager at International
Value Advisers LLC, and Jacob Kirkegaard, research fellow at the Peterson
Institute for International Economics, speak about the outlook for the
International Monetary Fund ...
<http://www.washingtonpost.com/business/kirkegaard-says-imf-arrest-disruptive-for-debt-talks/2011/05/17/AF8eiT5G_video.html>
See all stories on this topic:
<http://news.google.com/news/story?ncl=http://www.washingtonpost.com/business/kirkegaard-says-imf-arrest-disruptive-for-debt-talks/2011/05/17/AF8eiT5G_video.html&hl=en&geo=us>

Swedish Fin Min: Would Need EU Candidate For IMF If Vacancy
Wall Street Journal
"I strongly think we need a European candidate at the helm of the IMF if
the legal proceedings would end up in that kind of situation," Borg said.
He said there are a number of highly qualified European candidates,
including ministers at a meeting of ...
<http://online.wsj.com/article/BT-CO-20110517-707212.html>
See all stories on this topic:
<http://news.google.com/news/story?ncl=http://online.wsj.com/article/BT-CO-20110517-707212.html&hl=en&geo=us>

Galleon, Facebook, Cigna, IMF's Strauss-Kahn in Court News
San Francisco Chronicle
(Updates Galleon in top section and Facebook in Verdicts. Adds Lehman,
DirectBuy and Trader Daniel Corbin in Verdicts and Halliburton in Trials.)
May 17 (Bloomberg) -- Galleon Group LLC co-founder Raj Rajaratnam, the
hedge fund manager convicted of ...
<http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/05/17/bloomberg1376-LLAZ3X1A1I4I01-77V4NOTTIQGFFIA8NG6FLK4P68.DTL>
See all stories on this topic:
<http://news.google.com/news/story?ncl=http://www.sfgate.com/cgi-bin/article.cgi%3Ff%3D/g/a/2011/05/17/bloomberg1376-LLAZ3X1A1I4I01-77V4NOTTIQGFFIA8NG6FLK4P68.DTL&hl=en&geo=us>

=== Blogs - 5 new results for [imf] ===

Who should be the next IMF chief?
By Laura Freschi
Some (mainly Europeans, funnily enough) argue that the IMF needs a European
leader now more than ever, because the biggest issues the IMF currently
faces are in the eurozone rather than in the developing world. ...
<http://aidwatchers.com/2011/05/who-should-be-the-next-imf-chief/>
Aid Watch
<http://aidwatchers.com/>

Would Strauss-Kahn's Downfall Mean More IMF Democratization ...
By Tim Padgett
Last week, a high-ranking International Monetary Fund official lectured a
conference of Latin American central bankers in Rio de Janeiro, Brazil,
about not letting their economic booms overheat into financial crises.
<http://globalspin.blogs.time.com/2011/05/16/would-strauss-kahns-downfall-mean-more-imf-democratization/>
Global Spin
<http://globalspin.blogs.time.com/>

The IMF's Challenge Will Persist Long After Strauss-Kahn Is Gone ...
By Richard Levick
It's a pointed irony of the Dominique Strauss-Kahn scandal that the
International Monetary Fund may not have enough equity in its account to
pay the bill. As its Managing Director cools his heels at Riker's Island
after allegedly ...
<http://blogs.forbes.com/richardlevick/2011/05/17/the-imfs-challenge-will-persist-long-after-strauss-kahn-is-gone/>
The Communicators Blog
<http://blogs.forbes.com/richardlevick/>

How will the new IMF head be chosen? | Felix Salmon
By Felix Salmon
It take Mohamed El-Erian until the very last paragraph of his FT op-ed to
rule himself out of the running for managing director of the IMF: I will
not be part of this process, he says, adding that I already have a great
job, ...
<http://blogs.reuters.com/felix-salmon/2011/05/17/how-will-the-new-imf-head-be-chosen/>
Felix Salmon
<http://blogs.reuters.com/felix-salmon/>

IMF and DSK « NotionsCapital
By Mike Licht
Dominique Strauss-Kahn or “DSK,” head of the International Monetary
Fund, is accused of raping a hotel maid in his $3000-a-night suite. At
last, international finance news we can understand. Betsy Rothstein rates
the scandal coverage: ...
<http://notionscapital.wordpress.com/2011/05/17/imf-and-dsk/>
NotionsCapital
<http://notionscapital.wordpress.com/>

=== Web - 2 new results for [imf] ===

IMF chief denied bail in sex assault case | Reuters
NEW YORK (Reuters) - IMF chief Dominique Strauss-Kahn was denied bail on
Monday on charges he attempted to rape a hotel maid, a crushing blow for
the man ...
<http://www.reuters.com/article/2011/05/16/us-strausskahn-arrest-idUSTRE74D29F20110516>

IMF head denied bail on sex-assault charges - MarketWatch
Dominique Strauss-Kahn is considered a flight risk and ordered held without
bail after his weekend arrest. The chief of the IMF is charged with
attempted ...
<http://www.marketwatch.com/story/imf-head-reportedly-still-in-police-custody-2011-05-16>