The euro and yen were relatively steady while the U.S. dollar stayed near its highs after last week's hectic policy and geopolitical developments ..read more

China needs to "reinvent itself" with economic policies to speed resolution of its property crisis and boost domestic consumption and productivity, IMF said ..read more

Egypt's pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600 points and devalued the currency ..read more

The International Monetary Fund sees a reduced likelihood of a so-called hard landing, with inflation falling faster than expected ..read more

The analysis comes as business and political leaders from around the world gather at the World Economic Forum in Davos, Switzerland ..read more

International Monetary Fund Managing Director Kristalina Georgieva says China needs structural reforms to halt "a fairly significant decline in growth rates ..read more

Argentina on Tuesday announced a sharp devaluation of its currency and cuts to energy and transportation subsidies as part of President Milei's shock measures ..read more

Some firms sustain their businesses by taking on more debt that they can repay. Economists call them zombie companies. When compared to their peers, zombies are smaller in size and deliver lower returns to investors. These companies distort markets, keeping resources from their fundamentally sound competitors. Banks and governments keep zombie firms alive with bailout loans. As the Federal Reserve resets the economy with higher interest rates, many zombie firms are filing for bankruptcy ..read more

Businesses with rising debt and sinking sales are filing for bankruptcy, a sign of healthy creative destruction to U.S. central bankers ..read more

The IMF’s Managing Director Kristalina Georgieva tells CNBC’s Martin Soong that the World Bank and IMF are complementary but yet have differing expertise. "The world needs institutions to work together," she said in an exclusive CNBC interview on the sidelines of the G20 leaders' summit ..read more