CNBC’s Akiko Fujita with the latest on the G7 Summit wrapping up in Japan. » Read More
TOKYO, April 4- Making preparations with other governments for a Group of Seven summit next month, Japan has sought to emphasise the role of fiscal spending in countering deepening uncertainty over the global outlook, the Sankei newspaper reported on Monday. Monetary policy and structural reforms will also be discussed at the May 26/ 27 summit in Japan, the...
*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.
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.
"This problem is not going to go away—it is going to accelerate," President Obama said of attacks on U.S. computer systems.
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.
CNBC's Carolin Roth gives a behind the scenes look at the G-7 meeting in Bavaria.
Canadian Prime Minister, Stephen Harper, tells CNBC that Russia's economy is dominated by oligarchs and criminal syndicates, who don't share western interests.
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.
Even beyond talk of a "June swoon," an unusual number of major events makes this month a critical time for markets.
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.
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.
Joe Oliver, finance minister of Canada, tells CNBC that countries must take critical steps to improve growth, with particular comment on the Greek crisis.
Christian Schulz, senior economist at Berenberg Bank, explains why this week's meeting of finance ministers from the world's largest developed economies will be a non-event for markets.