business - "credit"

WASHINGTON (Reuters) - Financial leaders on Saturday urged the International Monetary Fund to sharpen its oversight of the global economy, which is burdened by surging food prices and a credit crisis that shows no end in sight.

WORLD finance leaders concluded a whirlwind weekend with a new plan to clean up banks and fresh resolve to rein in foreign exchange markets, but little hope that the credit crisis was nearing an end.

Muhammad Yunus, founder and MD of micro-credit bank Grameen has called for more emphasis on social businesses that help the poor. 'Take off your profit maximising glasses and put on your social business glasses and the world will look so different,' he told delegates at the International Islamic Finance Forum today in Dubai. Social business, he said, is more than just CSR programmes and can help people climb out of the poverty trap. In Bahrain, Grameen is involved in a government-backed micro-credit bank being launched called Family Bank. Similar schemes are now available around the world, including Jordan, Yemen and Lebanon.

World finance leaders concluded a whirlwind weekend with a new plan to clean up banks and fresh resolve to rein in foreign exchange markets, but little hope that the credit crisis was nearing an end.

Wall street is bracing itself for a week dominated by news of large losses, multibillion dollar writedowns and thousands of job cuts as Citigroup and Merrill Lynch, two of the worst casualties of the credit crunch, report results

Europe will not escape the worst effects of the credit crunch, leading industrialists have warned, and could start to feel a greater effect within six months

Alistair Darling is set to call on the world's financial institutions to set up an 'early warning system' to help avoid a repeat of the global credit crunch. Ahead of this weekend's spring meetings ...

Gordon Brown is calling the heads of the country's biggest banks and mortgage lenders to special talks in Downing Street. Top of the agenda will be the worsening housing market and how to help homeo...

You may think you know your credit score, but it's a number that changes more rapidly than many consumers realize.

WASHINGTON (Reuters) - World finance leaders concluded a whirlwind weekend with a new plan to clean up banks and fresh resolve to rein in foreign exchange markets, but little hope that the credit cris...