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World Economy Economic Organizations

  • BERLIN— Germany's foreign minister is suggesting his country could offer to pay more money into the European Union, arguing that investing in Europe is "an investment in our own future." Germany is a net contributor to the 28- nation EU's budget. "And he said some EU partners, such as Sweden and the Netherlands, pay more per head to the bloc.

  • The statement was signed by B20 chair Kurt Bock, who is also CEO of chemicals group BASF, and several leading scientists, including Ottmar Edenhofer from the Mercator Research Institute on Global Commons and Climate Change. It came after G20 financial leaders- under pressure from the United States- dropped from their communique a reference about willingness...

  • BRUSSELS— Austria's finance minister says a decision on whether a group of European countries can go ahead with plans for a tax on financial transactions will be made in May. Hans Joerg Schelling said as he arrived at a meeting with European Union counterparts on Tuesday that the future of the project depends on whether Belgium and Slovakia stay on board.

  • BRUSSELS, March 21- European Union finance ministers expressed concern on Tuesday over the future of free trade after what one of them called a "surreal" meeting of finance chiefs of the world's 20 biggest economies at the weekend. Breaking a decade-long tradition of endorsing open trade, G20 finance ministers and central bankers made only a token reference to...

  • BEIJING, March 21- China's economic growth is likely to slow to 6.5 percent this year and cool further to 6.3 percent in 2018, the OECD said, though exports are set to pick up as global demand strengthens. The Organisation for Economic Co-operation and Development also warned of China's ballooning corporate debt in its bi-annual economic outlook report...

  • Economic policymakers of the 20 rich nations, meeting in Germany over the weekend, dropped a former undertaking to avoid all forms of protectionism from their final communique, substituting only a watered-down phrasing that they are working to strengthen the contribution of trade to our economies. The G20 finance ministers dont have direct responsibility...

  • BEIJING, March 20- China's Finance Minister Xiao Jie, who attended last week's G20 meeting, warned that momentum seen in the global economy could be curbed by policy uncertainties and the rise of protectionism. By contrast, at the gathering in the Chinese city of Hangzhou in September last year, G20 leaders agreed to work harder to build an open world economy,...

  • BERLIN, March 20- The European Stability Mechanism-- the euro zone's bailout fund-- should ultimately be turned into a European version of the International Monetary Fund, the head of euro zone finance ministers said on Monday in a German newspaper. He said that would also mean that Greece's current "troika" of lenders- the European Commission, European Central Bank...

  • LONDON— Britain will begin divorce proceedings from the European Union on March 29, starting the clock on two years of intense political and economic negotiations that will fundamentally change both the nation and its European neighbors. "The government is clear in its aims: a deal that works for every nation and region of the U.K. and indeed for all of Europe- a new,...

  • SYDNEY, March 20- The dollar index was steady at 100.31 in quiet early trade on Monday after a meeting of the financial leaders of the world's biggest economies in Germany over the weekend. The Australian dollar held at $0.7687, down 0.16 percent. G20 finance ministers and central bankers dropped a pledge to keep global trade free and open, acquiescing to an...

  • SYDNEY, March 20- The dollar index was steady at 100.31 in quiet early trade on Monday after a meeting of the financial leaders of the world's biggest economies in Germany over the weekend. The Australian dollar held at $0.7687, down 0.16 percent. G20 finance ministers and central bankers dropped a pledge to keep global trade free and open, acquiescing to an...

  • BERLIN, March 19- Finance leaders of the world's top economies have agreed to review banking rules, but this does not automatically mean hard-fought financial market regulation will be rolled back, Bundesbank President Jens Weidmann told Reuters on Sunday. The new U.S. administration has argued that excessive bank regulation is holding back lending and...

  • KIEV, March 19- The International Monetary Fund has postponed a decision to disburse more aid to Ukraine in order to assess the impact of an economic blockade Kiev imposed on separatist-held territory, the IMF and Ukrainian authorities said on Sunday. The IMF's Executive Board was due to meet on Monday to approve more assistance as part of a $17.5 billion...

  • *Defeat for G20 host Germany, setback for G20 process. BADEN-BADEN, March 19- The failure of the world's financial leaders to agree on resisting protectionism and support free trade marks a setback in the G20 process and poses a risk for growth of export-driven economies such as host Germany, economists said on Sunday. "This is particularly true in the light of the...

  • By Balazs Koranyi and Gernot Heller. BADEN BADEN, Germany, March 18- Financial leaders of the world's biggest economies dropped a pledge to keep global trade free and open, acquiescing to an increasingly protectionist United States after a two-day meeting failed to yield a compromise. Breaking a decade-long tradition of endorsing open trade, G20 finance...

  • *Call for framework to reap open markets benefits. BADEN-BADEN, Germany, March 18- The world's financial leaders adopted a list of principles on Saturday to boost the resilience of their economies against future shocks, including the advice to strengthen policy frameworks to reap the benefits of open markets. "The risks for the global economy continue to...

  • *Makes only token statement on trade. BADEN BADEN, Germany, March 18- Financial leaders of the world's biggest economies dropped a pledge to keep global trade free and open, acquiescing to an increasingly protectionist Unites States after a two-day meeting failed to yield a compromise. Breaking a decade-long tradition of endorsing open trade, G20 finance...

  • BEIJING, March 18- Chinese central bank governor Zhou Xiaochuan said China's growth prospects have improved and that the country is focused on the structural adjustment of its economy. Zhou was speaking to other central bank governors and finance ministers from the so-called BRICS countries in Baden-Baden, Germany, during G20 meetings, according to a post on...

  • BADEN BADEN, Germany, March 18- The world's financial leaders are unlikely to endorse free trade and reject protectionism in their communique on Saturday because they have been unable to find a wording that would suit a more protectionist United States, G20 officials said. But the new administration in the United States is considering trade measures to curb...

  • MONTERREY, Mexico March 17- Country-specific rules of origin within the North American Free Trade Agreement would be "totally unacceptable," and a U.S. border adjustment tax would likely violate global trade rules, Mexico's economy minister said on Friday. Under the trilateral trade deal between the United States, Mexico and Canada, rules of origin can specify...