International Organizations G20

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  • SHANGHAI, Feb 27- A draft of the G20 communique seen by Reuters on Saturday says that monetary policy alone cannot bring balanced growth, as global finance leaders meet in Shanghai to try to agree on confidence-building measures for the world economy. The communique repeats previous pledges from G20 finance ministers not to engage in competitive currency...

  • LONDON, Feb 26- The yen gained against the dollar on Friday and with one more trading day to go was on track for its best month in 7-1/ 2 years, as investors eyed a G20 summit they did not expect to produce any agreement to stop competitive currency devaluations. Sterling edged up a touch but was on track for its heaviest weekly losses against the dollar in almost six...

  • Treasury Secretary Jack Lew on Friday urged countries to avoid competitive devaluation and said it was increasingly important to use all available policy tools to address a shortfall in global demand. Lew was speaking to reporters on the sidelines of a G20 meeting of central bankers and finance ministers being held in Shanghai. Lew said he believed China had...

  • *Shanghai G20 finance ministers, central bankers meeting begins. LONDON, Feb 26- The dollar edged down in broadly calm currency markets on Friday, with investors focusing on a two-day Group of 20 summit of finance ministers and central bankers in Shanghai. With recent market turbulence front and centre of discussions in Shanghai, the G20 is under pressure to...

  • *China c.bank chief says economy showing positive signs. *Says more room for monetary, fiscal policy in China. SHANGHAI, Feb 26- China sought to restore global confidence in its economy on Friday as financial leaders from G20 nations gathered in Shanghai against a backdrop of worsening economic conditions and a lack of wider consensus on how to fix the problems.

  • SHANGHAI, Feb 26- China's yuan eased against the dollar on Friday as the central bank was believed to stay on the sidelines amid a flurry of messages coming out of central bankers and finance ministers from the G20 meeting, traders said. Traders said the yuan was under some depreciation pressure partly because of China's slowing growth, but that the central bank...

  • *Shanghai G20 finance ministers, central bankers meeting begins. TOKYO/ SYDNEY, Feb 26- The dollar edged down on Friday but was still on track for weekly gains against its major counterparts, as investors focused on the two-day Group of 20 nations' currency and economic talks that kicked off in Shanghai. The dollar slipped about 0.2 percent to 112.83 yen after...

  • *Global growth prospects remain clouded in near term. SHANGHAI, Feb 26- The Organisation for Economic Cooperation and Development called on Friday on the world's 20 biggest economies to step up the slowing pace of reforms to boost economic growth amid sluggish trade and weak investment. Finance ministers and central bank governors of the 20 biggest economies,...

  • SHANGHAI, Feb 26- Large capital outflows from China pose risks to the global economy, International Monetary Fund Managing Director Christine Lagarde said on Friday, as Beijing grapples with the country's slowest growth in 25 years.

  • *China c.bank chief says economy showing positive signs. *Says more room for monetary, fiscal policy in China. The latest economic data shows positive signs for China's growth prospects in 2016, and the People's Bank of China still has room and tools in its monetary policy to deal with potential downside risks to its economy, Zhou told a conference held by the...

  • SYDNEY, Feb 26- Asian shares made guarded gains on Friday as a gathering of world finance leaders provided a welter of reassuring comments, but little in the way of actual policy stimulus. Setting the tone for the Shangahi meeting of the Group of 20, China's central bank chief, Zhou Xiaochuan, said Beijing still had the room and tools to support the world's second...

  • SHANGHAI, Feb 26- China still has more room and tools in its monetary policy to tackle downward pressure in the economy, and its fiscal policy will be more proactive, central bank governor Zhou Xiaochuan said on Friday. Zhou, speaking at a conference held by the Institute of International Finance in Shanghai in conjunction with a G20 meeting of central bank...

  • Feb 25- British finance minister George Osborne is pushing the Group of 20 leading economies to warn about the dangers of Britain leaving the European Union, the Financial Times reported on Thursday. Osborne said he hoped G20 support for Britain staying in the EU would be an important outcome of a meeting on Friday and Saturday in Shanghai of finance ministers,...

  • Feb 25- British finance minister George Osborne is pushing the Group of 20 leading economies to warn about the dangers of Britain leaving the European Union, the Financial Times reported on Thursday. Osborne says he hopes G20 support for Britain staying in the EU will be an important outcome of a meeting on Friday and Saturday in Shanghai of finance ministers,...

  • SHANGHAI, Feb 26- The world's financial leaders will meet in Shanghai starting on Friday to discuss ways to calm global markets and spur economic growth, and are likely to declare their readiness to take action if conditions worsen. Finance Minister Lou Jiwei and People's Bank of China Governor Zhou Xiaochuan will likely hammer home the message that Beijing...

  • SHANGHAI, Feb 25- The world's financial leaders are likely to declare readiness to take action if economic conditions worsen further in their joint communique at the G20 this weekend, an official with a European delegation to the summit said. Finance ministers and central bank governors of the G20 meet on Friday and Saturday in Shanghai under the Chinese...

  • *China fin min says yuan devaluation not on G20 agenda- media. *China vice finmin calls for greater market communication. Zhu Guangyao, vice finance minister, said that China would seek to keep the exchange rate stable while maintaining its current "managed float" regime.

  • *China vice finmin calls for greater market communication. SHANGHAI, Feb 25- China's leaders voiced support for the embattled domestic currency on Thursday, with the country's vice finance minister saying policymakers are committed to market transparency and aware of the impact their decisions have on other economies. Zhu Guangyao, vice finance minister...

  • SHANGHAI, Feb 25- China's yuan was flat against the dollar on Thursday as traders grew cautious ahead of a G20 meeting in Shanghai which is expected to discuss volatile currency and equity markets and signs of economic weakness throughout the world. The People's Bank of China set the midpoint rate at 6.5318 per dollar prior to the market open, weakening it for a...

  • *China vice finmin calls for greater market communication. SHANGHAI, Feb 25- Policymakers and industry leaders in China on Thursday flagged the need for improved market communication and currency stability in the country while also calling for greater global coordination to deal with economic challenges. The country's vice finance minister, Zhu Guangyao,...