The International Monetary
Fund said on Friday its executive board adopted an "open,
merit-based and transparent" process to select a new leader to
replace Christine Lagarde, with the aim of choosing a candidate
by Oct. 4.
European Union governments are
working to select one European candidate from a list of five
names to succeed Christine Lagarde at the helm of the
International Monetary Fund, a French official said on Friday.
Mining mogul Anil Agarwal
pocketed just 6% profit from his 3.5 billion pound ($4.3
billion) investment in Anglo American, held since 2017,
even though the underlying shares rose over 50% since then,
according to Reuters estimates.
European central banks
have ditched a 20-year-old agreement to coordinate their gold
sales, saying they have no plans to sell large amounts of the
metal, the European Central Bank (ECB) said on Friday.