RSS feedDominique Strauss-Kahn
’Prosecutors request that DSK charges be dropped
L’affaire sordide is nearing its end:
New York prosecutors asked a judge to dismiss sexual assault charges against former IMF chief Dominique Strauss-Kahn on Monday, a stunning reversal that could revive the political future of a man many had seen as the next president of France.
DSK granted bail at $1m bond
The most famous Rikers Island guest since Tupac Shakur has been granted bail:
NEW YORK, May 19 (Reuters) – Dominique Strauss-Kahn was granted bail by a New York judge on Thursday, and the former IMF chief has vowed to fight charges that he tried to rape a hotel maid in Manhattan.
Betting on the new IMF managing director
Odds from William Hill, chart from the Economist:
Kemal Dervis at 5-2 will please some. But Christine Lagarde at 14-1, anyone?
No bail for IMF bailout lord
Dominique Strauss-Kahn was remanded in custody on Monday by a New York court. From the FT:
The head of the International Monatery Fund was appearing in a Manhattan court on Monday to face a complaint over an alleged sexual assault on a maid at a hotel in the city.
Après Strauss-Kahn [Updated]…
No, you could not make it up, as FT Alphaville previously noted.
News of the weekend arrest of IMF managing director Dominique Strauss-Kahn gave blogs and news media organisations an eventful Sunday night as more information emerged about the circumstances allegedly leading to Strauss-Kahn’s arrest.
Snap news
Breaking pre-market news on Monday,
- Glencore said to lift IPO price range to 520-550p a share – Reuters.
- Euro slumps to seven-week low after IMF head’s arrest – Reuters.
- London Stock Exchange says TMX has received approach from Maple Group – statement.
You Dominique Strauss-Kahn’t make this up
Outside the hotel where Dominique Strauss-Kahn — who was arrested late Saturday — is alleged to have attacked a maid: a forlorn drapeau tricolore.
H/T: the FT’s Barney Jopson. DSK is currently in custody downtown,
IMF chief accuses G20 leaders
G20 leaders are avoiding the critical issue of cleaning up banks’ toxic assets and could prolong the global recession, IMF chief Dominique Strauss-Kahn told the FT ahead of Thursday’s G20 summit in London.
Depression *alert* – international institution edition
One from a major IB economist, one from a major politician and now one from a major global organisation.
Feb. 7 (Bloomberg) — Advanced economies are already in a “depression” and the financial crisis may deepen unless the banking system is fixed,
IMF chief warns of violence
Violent unrest could be triggered around the world by a prolonged global slump unless governments act with greater urgency to jump-start stalled economies, the head of the IMF said Monday, reports The Times.
IMF chief urges global action on turmoil
Government intervention at a global level is needed to tackle the credit crisis, said Dominique Strauss-Kahn, IMF managing director, who also warned that market turmoil will take a serious toll on world growth.
Pushing on a string: rate cuts might not be enough
There’s a broad consensus emerging among economists for a 50bp cut in interest rates from the US Federal reserve on Wednesday.
But there’s also a sense that it won’t be all that effective. Martin Wolf,
IMF head in shock fiscal appeal
The intensifying credit crunch is so severe that lower interest rates alone will not be enough “to get out of the turmoil we are in”, Dominique Strauss-Kahn, the new managing director of the IMF, warned at the weekend.