World Economy Economic Organizations

  • Sept 5- Following is the full text of a communique released on Monday by G20 leaders following a summit in Hangzhou, China:. We, the Leaders of the G20, met in Hangzhou, China on 4-5 September 2016. We met at a time when the global economic recovery is progressing, resilience is improved in some economies and new sources for growth are emerging.

  • Sept 5- Following is the full text of a communique released on Monday by G20 leaders following a summit in Hangzhou, China:. We, the Leaders of the G20, met in Hangzhou, China on 4-5 September 2016. We met at a time when the global economic recovery is progressing, resilience is improved in some economies and new sources for growth are emerging.

  • Sept 5- Following is the full text of a communique released on Monday by G20 leaders following a summit in Hangzhou, China:. We, the Leaders of the G20, met in Hangzhou, China on 4-5 September 2016. We met at a time when the global economic recovery is progressing, resilience is improved in some economies and new sources for growth are emerging.

  • HANGZHOU, China, Sept 5- International Monetary Fund Managing Director Christine Lagarde said on Monday that consensus at the G20 is that there must be more growth, and it must be more inclusive. Lagarde, speaking after the close of the G20 summit in the eastern Chinese city of Hangzhou, said growth has been too low for too long and that structural reforms must not...

  • HANGZHOU, China, Sept 5- World leaders are meeting in the eastern Chinese city of Hangzhou for a G20 summit. Following are highlights of comments made at the G20 meeting and related events:. "We agree that facing the risks and challenges of the current world economy, and maintaining a peaceful and stable international environment are crucial.

  • TOKYO, Sept 5- The Bank of Japan will likely choose to deepen negative interest rates than expand its bond purchases if more policy easing is needed, as the cost of cutting rates is less than topping up an already huge bond-buying program, former central bank policymaker Sayuri Shirai told Reuters on Monday. Shirai, who was an International Monetary Fund...

  • Artists perform onstage during a gala of the G-20 summit at the West Lake in Hangzhou.

    It seems that the G-20 has become a yet another unnecessary, ineffective and very expensive, taxpayer-funded, talking shop.

  • Protectionism difficult to overcome: Expert

    G-20 leaders have a tough time pushing global trade in the face of income inequality and anti-trade sentiment, says NN Investment Partners' Ashish Goyal.

  • His warning on Sunday followed bilateral talks with Barack Obama that the U.S. president described as "extremely productive", but which failed to bring the two sides closer on thorny topics such as tensions in the South China Sea. With the summit tucked in between Britain's surprise vote in June to exit the European Union and the U.S. presidential election in...

  • His warning on Sunday followed bilateral talks with Barack Obama that the U.S. president described as "extremely productive," but which failed to bring the two sides closer on thorny topics such as tensions in the South China Sea. With the summit tucked in between Britain's surprise vote in June to exit the European Union and the U.S. presidential election in...

  • HANGZHOU, China, Sept 4- Russian President Vladimir Putin, in a speech at the G20 summit in China, struck an upbeat tone on the Russian economy, saying it had stabilised, and pledged to cut the country's budget deficit as well as its dependency on oil and gas exports. Russia's economy contracted by 3.7 percent in 2015 due to weaker oil prices, the country's chief...

  • HANGZHOU, China, Sept 4- Russian President Vladimir Putin, in a speech at the G20 summit in China, struck an upbeat tone on the Russian economy, saying it had stabilized, and pledged to cut the country's budget deficit as well as its dependency on oil and gas exports. Russia's economy contracted by 3.7 percent in 2015 due to weaker oil prices, the country's chief...

  • HANGZHOU, China, Sept 3- U.S. China is keen to ensure a smooth G20 summit, its highest profile event of the year, as it looks to cement its global standing and avoid acrimony over a long list of tensions with Washington. In recent months, China has been incensed by a ruling against its claims in the South China Sea by an international court, a case initiated by Manila but...

  • HANGZHOU, China, Sept 3- The world's central banks are "pretty close" to the limits of their ability to stimulate economies, Angel Gurria, head of the Organization for Economic Co-operation and Development, said on Saturday. Echoing remarks by China's vice finance minister on Friday, Gurria emphasized that a combination of coordinated monetary, fiscal and...

  • *U.S. oil rig count steadies as crude remains below $50/ bbl. *Russia's Putin supports OPEC production freeze efforts. After being unchanged last week, the oil rig count provided by industry firm Baker Hughes rose by just one this week as crude prices held below the key $50- a-barrel mark that analysts and drillers said made drilling more viable.

  • *Russia's Putin supports OPEC production freeze efforts. *U.S. oil rig count steadies as crude remains below $50/ bbl. So if the rig count stays steady, we could finish the year at about $50, "said Jay Hatfield of New York- based InfraCap MLP, an exchange-traded fund that invests in U.S. energy projects.

  • *Russia's Putin supports OPEC production freeze efforts. NEW YORK, Sept 2- Oil prices rose 3 percent on Friday as a report showing weaker U.S. jobs growth in August suppressed the dollar, pushing up commodities, but crude futures remained on track for a big weekly loss on glut concerns. Brent crude futures were up $1.38, or 3 percent, at $46.83 a barrel by 11:44 a.m. EDT.

  • *Russia's Putin supports OPEC production freeze efforts. NEW YORK, Sept 2- Oil prices rose more than 2 percent on Friday as a report showing weaker U.S. jobs growth in August suppressed the dollar, pushing up commodities, but crude futures remained on track for a big weekly loss on glut concerns. Brent crude futures were up $1.25, or 2.8 percent, at $46.73 a barrel by...

  • BELGRADE, Sept 2- Serbia's growth could pick up further next year after strong performance in the first half pointed to a faster-than-expected recovery, the International Monetary Fund said on Friday, but warned the government against the temptation to overspend. He said any fall-out from a Brexit-led European downturn would hurt Serbia's growth prospects,...

  • VIENNA, Sept 2- Austria's conservative Economy Minister Reinhold Mitterlehner has backed a free trade deal between the European Union and Canada after Chancellor Christian Kern, a Social Democrat, said Vienna would oppose the agreement in its current form. Kern has said the deal with Canada, known as the Comprehensive Economic and Trade Agreement, shares many...