At the G-20 get-together, Russian Finance Minister Anton Siluanov tells CNBC that Moscow has received no request from Greece for aid as yet.» Read More
As the sovereign debt crisis is hits Europe and the idea of a double dip recession is starting to spread all over the world, G20 labor ministers gathered in Paris on Tuesday said job creation, particularly by small enterprises, was crucial in overcoming the financial crisis and warned that austerity measures needed to be balanced with the creation of jobs.
Even the Gulf countries were not spared by the European and U.S. debt crisis. With unemployment figures estimated as high as 12 percent, the United Arab Emirates has lots of gaps to fill, Saqr Ghobash, the minister of labor for the UAE, told CNBC.com Tuesday.
Risk is back on the table after a terrible end to last week for the bulls. Following news of "Operation Twist" from the Federal Reserve, the market sold off aggressively, adding the pressure on policy makers as they met in Washington over the weekend to try and find a plan to avert a euro zone sovereign debt and banking crisis.
The leaders of six members of the G20 group of world economic powers issued a joint open letter to the French president Nicolas Sarkozy on Thursday, calling for decisive action to be taken over the eurozone debt crisis.
New capital requirements proposed by global regulators demanding that the biggest banks hold extra capital by 2019 will bring about a new recession, Rochdale's vice-president for equity research Dick Bove wrote in a weekend market note.
The matters of food production, lack of transparency in food stocks and speculation on commodities markets need to be tackled as they are affecting food prices, French agriculture minister Bruno Le Maire told CNBC.com Monday.
Inflation hints from Europe spell good news for the euro, but not so much for the dollar or the yen. Time for your daily FX Fix.
The dollar is stronger - really - and Iceland is planning a slow thaw. Your daily FX Fix, right here.
Poll: Will a sustained $100 oil crimp the global economic recovery?
G20 finance ministers concluded meetings over the weekend in France where they highlighted the key role of exchange rates, monetary and fiscal policies in determining whether a country's policies lead to imbalances.
In the five-star Westin Hotel in Paris Friday, the world's top central bankers met to discuss the risks facing the global economy in 2011.
In case you haven't been paying attention to the IMF's proposals for changes to Special Drawing Rights - and really, who has been? - here are some reasons you should.
World power is at a point where neither a single nation nor a block of countries will be able to drive their own agenda, Ian Bremmer, president of Eurasia Group, told CNBC on Tuesday.
The Group of 20 industrialized nations is on its way to obsolescence and the world is at a point where neither a single country nor a bloc of countries will be able to drive an international agenda, according to Ian Bremmer, president of Eurasia Group, and Nouriel Roubini, chairman of Roubini Global Economics.
The Egyptian military entered the streets of Cairo amid protests, but the World Economic Forum kept its focus on the big economies.
Want to stump Davos participants? Ask them what the big theme is this year.
Doing what other US officials should have been doing all along, the Force, otherwise known as Gentle Ben, struck back last week and defended US monetary policy. But more importantly, in a very nice way, he told other nations to look to their own houses andback off on the criticism of the US.
Sen. Bob Corker (R-Tenn.) wants the Federal Reserve to drop its dual mandate of ensuring price stability and full employment and focus only on containing inflation.
When the G-20 summit ended, attention focused on American global weakness rather than American global power, with no free trade agreement and intense criticism of recent action by the Federal Reserve,
President Barack Obama claimed a stronger hand on the world stage Friday despite electoral defeats at home, failure to get a free-trade agreement with South Korea and lackluster international support for his get-tough policy with China on trade and currency disputes.