World Economy Economic Organizations

  • The world's leading economies will step up efforts to lift global economic growth and share the benefits more broadly.

  • In a draft statement obtained by Reuters, the G20 finance ministers and central bank governors meeting in China's southwestern city of Chengdu said that excess capacity problems, "exacerbated by a weak global economic recovery and depressed market demand, have caused a negative impact on trade and workers." Officials from the United States and other...

  • CHENGDU, China, July 23- The world's leading economies will step up efforts to lift global economic growth and share the benefits more broadly, top policymakers meeting in China said on Saturday, as they seek to counter growing dissatisfaction with globalisation. Finance ministers and central bankers from the Group of 20 are huddling in China's southwestern...

  • CHENGDU, China, July 23- Britain's vote to leave the European Union may dampen global growth, but European fundamentals are strong and the British economy and banking sector are resilient, European financial leaders will tell their counterparts from the biggest economies on Saturday. Finance ministers and central bank governors from 20 of the world's...

  • CHENGDU, China, July 23- Fiscal and monetary policies are becoming less effective at spurring economic activity so the world's leading economies need to increase coordination to promote sustainable growth, China's Finance Minister Lou Jiwei said on Saturday. Lou was speaking at the start of a meeting of Group of 20 finance ministers and central bankers in the...

  • CHENGDU, China, July 23- Finance officials from the world's major economies start a two-day meeting in China on Saturday where they will confront challenges to global growth from Britain's decision to leave the European Union and consider deeper structural reforms. The G20 officials' meeting in the southwestern Chinese city of Chengdu will be a debut of sorts...

  • CHENGDU, China, July 23- Finance officials from the world's major economies start a two-day meeting in China on Saturday where they will confront challenges to global growth from Britain's decision to leave the European Union and consider deeper structural reforms. The G20 officials' meeting in the southwestern Chinese city of Chengdu will be a debut of sorts...

  • CHENGDU, China, July 23- The effectiveness of fiscal and monetary policies is diminishing and major economies should deepen coordination to promote sustainable, balanced growth, China's Finance Minister Lou Jiwei said on Saturday.

  • SHANGHAI, July 22- The yuan firmed for a fourth straight day on Friday, posting its biggest weekly gain since April as China's state-run banks were suspected of supporting the currency before Group of 20 finance officials meet this weekend in Chengdu. China typically holds the yuan steady before and during major diplomatic events. In September, a G20 summit of...

  • BEIJING, July 22- China's World Trade Organization accession deal must be fully applied, the head of the trade governing body said on Friday, after the European Commission said it would adopt a new method to assess whether China's exports are priced unfairly low. The European Union has been debating whether to grant China "market economy status" from December,...

  • BEIJING, July 22- The world must step up international macroeconomic policy coordination, China's Premier Li Keqiang said on Friday after meeting the heads of the International Monetary Fund, the World Bank, and other senior global economic officials. He made the remarks at a joint briefing with the officials, which also included the heads of the World Trade...

  • BEIJING, July 22- Pressure for China to cut overcapacity comes from within the country, not outside, Premier Li Keqiang said on Friday. China's premier made these comments after meeting the heads of the International Monetary Fund, the World Bank and other senior global economic officials. Li said at a news briefing following the meeting that China's steel...

  • BEIJING, July 22- International Monetary Fund Managing Director Christine Lagarde said on Friday Brexit meant the global growth forecast was revised down and that uncertainty from Britain's decision to leave the European Union should be removed as soon as possible.

  • BEIJING, July 22- The world must step up international macroeconomic policy coordination, China's Premier Li Keqiang said on Friday after meeting the heads of the International Monetary Fund, the World Bank, and other senior global economic officials.

  • FRIDAY, JULY 22 BEIJING- Chinese Premier Li Keqiang will hold a roundtable with World Bank President Jim Yong Kim, International Monetary Fund Managing Director Christine Lagarde, World Trade Organization Director-General Roberto Azevedo, International Labor Organization Director-General Guy Ryde, Organization for Economic Cooperation and...

  • FRIDAY, JULY 22 BEIJING- Chinese Premier Li Keqiang will hold a roundtable with World Bank President Jim Yong Kim, International Monetary Fund Managing Director Christine Lagarde, World Trade Organization Director-General Roberto Azevedo, International Labor Organization Director-General Guy Ryde, Organization for Economic Cooperation and...

  • FRIDAY, JULY 22 BEIJING- Chinese Premier Li Keqiang will hold a roundtable with World Bank President Jim Yong Kim, International Monetary Fund Managing Director Christine Lagarde, World Trade Organization Director-General Roberto Azevedo, International Labor Organization Director-General Guy Ryde, Organization for Economic Cooperation and...

  • Treasury Secretary Jack Lew said on Thursday that G20 finance officials do not need to take the same type of massive coordinated fiscal stimulus efforts used to combat recession in 2008-2009, despite an expected global economic growth slowdown sparked by Britain's vote to leave the European Union. Lew, speaking to reporters before flying to Chengdu, China...

  • *Fund to meet over 3rd Ghana review late August. ACCRA, July 21- Ghana's parliament has taken a step towards passing a law on central bank reform that could breach a key tenet of its $918 million aid deal with the International Monetary Fund, parliamentary and finance sources told Reuters. Until 2014, Ghana had one of Africa's fastest-growing economies based on...

  • FRANKFURT, July 21- The European Central Bank kept interest rates unchanged on Thursday but left the door open to more policy stimulus, highlighting "great" uncertainty and abundant risks to the economic outlook. Signalling a readiness to act, ECB President Mario Draghi argued that Britain's decision to leave the European Union and weak emerging market growth...