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World Economy Economic Organizations

  • 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...

  • 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...

  • BADEN BADEN, Germany, March 17- The world's financial leaders will renounce competitive devaluations and warn against exchange rate volatility, a document showed on Friday, but are likely to struggle to find common ground on trade and financing against climate change. Finance ministers and central bank governors of the world's top 20 economies are meeting in...

  • MONTERREY, Mexico, March 17- Country-specific rules of origin within the North American Free Trade Agreement would be "totally unacceptable," Mexico's Economy Minister Ildefonso Guajardo said on Friday. Under the trilateral trade deal between the United States, Mexico and Canada, rules of origin can specify that products must meet minimum regional content...

  • MONTERREY, Mexico March 17- A border adjustment tax under discussion in the United States would discriminate against imports and likely violate World Trade Organization rules, Mexican Economy Minister Ildefonso Guajardo said on Friday at an event in Monterrey.

  • BADEN BADEN, Germany, March 17- The world's financial leaders will renounce competitive devaluations and warn against exchange rate volatility, but they have not yet found a common stance on trade and protectionism, a draft statement of their meeting in Germany showed on Friday. The finance ministers and central bank governors of the world's 20 largest...

  • The G20 includes Argentina, Australia, Brazil, Canada, China, the European Union, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom and the United States. Germany, which holds the rotating chair of the G20 this year, has also invited to Baden-Baden as guests Ivory Coast, Morocco, the...

  • BRUSSELS, March 15- The European Commission will propose by the end of the year new rules to cut retail transaction fees for payments in European Union currencies, according to a document seen by Reuters. Transaction charges in the 19- country euro zone are already subject to rules enforcing equal prices for payments within one country and those in other euro...

  • LONDON, March 15- The British government has not carried out an assessment of what effect leaving the European Union without a new trade deal would have on the economy, Brexit minister David Davis said on Wednesday. In the absence of an agreement, trade between Britain and the other 27 EU members would default to World Trade Organisation rules and tariffs, in...