International Organizations G7

More

  • *Canada's Morneau says investment more effective than rate cuts. LONDON, April 1- Canada's decision to borrow more to fund major infrastructure investment could show other rich countries how to boost growth at a time when central banks have little room to do so, its finance minister Bill Morneau said on Friday. In its first budget since an unexpected election...

  • TOKYO, March 22- U.S. economist Paul Krugman said on Tuesday he advised Japan's Prime Minister Shinzo Abe to delay a sales tax increase scheduled for next year and to boost fiscal spending because the economy is still not strong enough to escape deflation. Abe is meeting overseas economists to help him prepare for a Group of Seven summit that Japan will host in May.

  • OTTAWA, March 21- Canada's new Liberal government will try to revive a flagging economy by unveiling one of the country's biggest deficits since the 2008 financial crisis in Tuesday's federal budget, making it a rarity among Group of Seven peers more focused on austerity. The drop in the price of oil, a major export for Canada, has battered the economy, putting it in...

  • By Stanley White and Minami Funakoshi. Nobel laureate and economist Joseph Stiglitz said on Wednesday that he had advised Japan's Prime Minister Shinzo Abe to delay a sales tax increase scheduled for next year and focus more on fiscal spending to boost a recovery from recession. Abe is meeting with foreign economists to help him prepare for hosting a Group of...

  • LONDON/ TOKYO, March 1- Japan became the first G7 nation to auction 10- year government bonds at a negative yield on Tuesday, but a relentless whittling down of global inflation meant investors still lapped up the highly rated debt. Tokyo sold 2.4 trillion yen of the benchmark paper with a yield of -0.015 percent at the lowest accepted price. "Germany will get there...

  • *Sales tax hike next year could hurt Japan's consumption. TOKYO, March 1- Japanese Prime Minister Shinzo Abe will convene an advisory panel to consider an extra budget for the coming fiscal year, sources told Reuters, days after the Group of 20 nations urged more fiscal spending to support the ailing global economy. "I want to hear the frank views of experts and...

  • *Japan won't rule out options to soothe markets-sources. *Tokyo solo FX intervention "quite difficult"- govt source. TOKYO, Feb 15- Japan is poised to push for greater cooperation from its G7 partners to soothe market jitters but may struggle to produce measures that could meaningfully restore global market confidence, government sources say.

  • OTTAWA, Jan 19- Canada's record-high household debt levels, which have been a source of concern for the central bank and other policymakers, will only get worse this year, the country's parliamentary budget watchdog warned on Tuesday. "Among G7 countries, Canada has experienced the largest increase in household debt relative to income since 2000," the report by...

  • LONDON, Dec 3- Britain said it had become the first Group of Seven economy to sign off on the rules of a China- backed development bank for Asia, which is seen by the United States as an unwelcome rival to Western-led institutions such as the World Bank. "This caps a tremendous year for the UK's economic relations with Asia, the fastest growing region of the world...

  • G-7 leaders vow action on climate change, Russia

    World leaders have wrapped up a G-7 summit in Germany, with a stronger stance on climate change, among a wide range of issues. CNBC's Carolin Roth reports.

  • President Barack Obama speaks during a press conference at the G7 Summit at the Schloss Elmau castle resort near Garmisch-Partenkirchen, in southern Germany on June 8, 2015.

    "This problem is not going to go away—it is going to accelerate," President Obama said of attacks on U.S. computer systems.

  • Obama: Must focus on jobs

    President Barack Obama notes the strong job growth in the U.S. private sector and the declining U.S. unemployment rates. Also, Obama weighs in on how sanctions have impacted Russia's economy.

  • Behind the scenes at the G-7 meeting

    CNBC's Carolin Roth gives a behind the scenes look at the G-7 meeting in Bavaria.

  • Russia is dominated by oligarchs: Canadian PM

    Canadian Prime Minister, Stephen Harper, tells CNBC that Russia's economy is dominated by oligarchs and criminal syndicates, who don't share western interests.

  • Putin has given no reason to lessen sanctions: Canadian PM

    Canadian Prime Minister, Stephen Harper, says President Putin has been more provocative than ever, giving no reason for the west to lessen sanctions on Russia.

  • Group of Seven leaders meet on Sunday in the Bavarian Alps for a summit overshadowed by Greece's debt crisis and ongoing violence in Ukraine.

  • Traders work on the floor of the New York Stock Exchange.

    Even beyond talk of a "June swoon," an unusual number of major events makes this month a critical time for markets.

  • Greece grab headlines at G7 talks

    On the second day of a three-day summit in Dresden, Greece's unresolved crisis remain a key concern among G7 finance ministers. CNBC's Steve Sedgwick reports.

  • CNBC update: Mysterious oil globs in LA

    Coast guard scientists are investigating mysterious balls of tar washing ashore in Los Angeles County, and Teva will pay a $1.2 billion settlement, reports CNBC's Sharon Epperson.

  • Greek contagion heading your way?

    Joe Oliver, finance minister of Canada, tells CNBC that countries must take critical steps to improve growth, with particular comment on the Greek crisis.