FRIDAY, 23 AUG 2019

 

CONNECT

Facebook Linked In Twitter
GAP_Group_2019_728x90px
GloriaJeans_266x90px
IMH LTD

Savvas Perdios: News in September Over Flights to Cyprus and German Market

Prodromou: OCCRP Report Acknowledges that Cyprus President did not Break the Law

IMH LTD
GAP_Group_2019_468x60px

INTERNATIONAL

brought to you by CIPA

Christine Lagarde Resigns as Head of IMF

Christine Lagarde Resigns as Head of IMF

Christine Lagarde has said she will step down as managing director of the International Monetary Fund (IMF), the BBC reports.

It comes ahead of a decision on her nomination to become head of the European Central Bank (ECB).

Lagarde said she would leave the IMF on 12 September. "With greater clarity now on the process for my nomination as ECB president and the time it will take, I have made this decision in the best interest of the fund," she said.

"The executive board will now be taking the necessary steps to move forward with the process for selecting a new managing director."

The former French cabinet minister has been head of the IMF since 2011.

If the European Council approves her ECB nomination, she will become the central bank's first ever female leader, responsible for the euro and the monetary policy of the eurozone.

Known as the "rock star" of international finance, Ms Lagarde, 63, began her career as a lawyer before moving into politics.

She served in various ministerial posts under Nicolas Sarközy before being elected as the first female boss of the IMF - replacing Dominique Strauss Khan.

MORE ON INTERNATIONAL

Johnson and Macron to Hold ‘Frank’ Brexit Talks in Paris

French observers fear Britain’s PM is setting up France to take blame over no-deal ...

Apple Accidentally Reopens Security Flaw in Latest iOS Version

Apple users are being warned to exercise particular caution over their cybersecurity for ...

Trump: Administration is Considering Payroll Tax Cut

Trump said on Tuesday, August 20 that he's thinking about pushing for a payroll tax ...

FROM AROUND GOLDNEWS

   

Celebrating 20 Years of the Porsche 911 GT3

The unveiling of the first Porsche 911 GT3 in March 1999 at the Geneva Motor Show signalled the start of a new era for discerning sports car drivers. Like ...
   

EU Migration to UK at Lowest Level Since 2013, Disputed Data Shows

Immigration to the UK from the EU remains at its lowest level since 2013, according to disputed estimates from the Office for National Statistics, The Guardian ...
   

Nicosia Mall Deal for €96 Million

The Bank of Cyprus, after monthly negotiations, has reached an agreement to sell its 64 % share in the Nicosia Mall. The agreement between the Bank and the ...
   

Spar Cyprus Adds Two New Stores to Its Network

Spar Cyprus has announced that it has converted two former Debenhams Food Hall outlets in Nicosia and Limassol to Spar supermarkets, the European Supermarket ...
   

Ryanair Fails in Court Attempt to Stop 48-Hour Strike by UK Pilots

Ryanair has failed in a legal effort to prevent a 48-hour strike by British pilots in the run-up to the bank holiday weekend, but claimed passengers were ...
   

Johnson and Macron to Hold ‘Frank’ Brexit Talks in Paris

French observers fear Britain’s PM is setting up France to take blame over no-deal departure, The Guardian reports. Emmanuel Macron will hold a ...
   

Cabinet Decides to Set Up Investment Fund, ‘Estia” Scheme to Start Operating on September 2

The Cabinet decided on Wednesday to set up an Investment Fund, following a relevant proposal made by the Finance Minister, with the state contributing to the ...
   

Prodromou: OCCRP Report Acknowledges that Cyprus President did not Break the Law

The report of OCCRP (Organized Crime and Corruption Reporting Project) acknowledges from the beginning that the President of Cyprus Nicos Anastasiades has no ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Taxatelier_09/08/-06/09_300X250px
Gold_Issue_300x250px

IMH LTD