Author: InvestAdvocate

G-20 leaders fail to agree on IMF help for Europe

CANNES, France (AP) — Leaders of the world’s 20 most powerful economies failed to agree on how to increase the firepower of the International Monetary Fund so that it can help stem the European debt crisis, though they acknowledged its resources should be boosted. The leaders struggled to reach concrete […]

AIG loses $4 billion on planes, weak markets

(Reuters) – Insurer American International Group lost more than $4 billion in the third quarter, as its aircraft leasing unit took an impairment charge on a portion of its fleet and the fair value of the company’s one-third stake in Asian insurer AIA fell. It was the 10th time in […]