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WASHINGTON - The dollar is overvalued in the medium-term even though it has depreciated in recent years, and markets are betting on the greenback to fall further, International Monetary Fund Managing Director Rodrigo Rato has said on Saturday.

WASHINGTON - Global finance chiefs on Saturday called for a more broad-based effort to calm financial markets, including tighter scrutiny by the International Monetary Fund and other institutions of increasingly powerful state-owned investment funds.

WASHINGTON - Bankers remain wary of plans to
launch a massive investment rescue fund to soften the blow of
the United States subprime meltdown, saying it could interfere with a
market recovery and stall a resolution to the credit crisis.

FRANKFURT - Diversified manufacturer Honeywell International expects the crisis in United States housing loans to affect industry and hurt economic growth in 2008, its chief executive has said in a newspaper interview.

MONTREAL - Rising energy prices over the last five years lift risks of higher inflation expectations, but the underlying trend of inflation does not appear to be higher, Federal Reserve Governor Frederic Mishkin has said on Saturday.

NEW YORK - United States stock investors looking to recoup from the worst week in almost three months will have to keep one eye out for signs of weakness in the tidal wave of earnings due next week and the other on the threat surging oil prices pose to the economy and profits.

NEW YORK - CtW Investment Group, a pension fund advisory group affiliated with seven labor unions, has said it sent a letter to the board of Countrywide Financial Corp , urging it to ask for the resignation of Chief Executive Angelo Mozilo, The Wall Street Journal has said.

WASHINGTON - Support for a so-called super SIV fund designed to ease the stress of the subprime meltdown appeared to grow on Friday as a top global finance official has said two giant investment funds had thrown their weight behind the endeavor.