IMF may need less money to rebuild warchest: Lagarde

WASHINGTON (Reuters) - The International Monetary Fund is considering scaling back how much money it needs to rebuild its war chest for handling financial crises, and it may not strike a deal with members next week, the IMF head said on Thursday. "We need to cautiously reassess, and yes we are reassessing to a lower number in terms of risk, which will bring me to probably reassess a lower number of additional resources needed. I am not fixated on any particular number yet," IMF managing director Christine Lagarde said. ...

Walmart International focusing on own business over deals

(Reuters) - Wal-Mart Stores Inc is emphasizing improving results in international markets where it already operates, such as China, over entering new markets, its top international executive said on Thursday. "Our focus this year in particular has been on improving returns with our existing businesses," said Doug McMillon, chief executive officer of Walmart International. The company is working on the key markets of China and Brazil, he told investors and analysts at a meeting in Toronto that was also webcast. China is getting ready to move to an everyday-low-price model, he said. ...