The Financial Stability Board said work should also start on Libor alternatives, such as so-called "nearly risk-free reference rates."» Read More
A consensus is forming that policymakers should tighten fiscal policy, sharply, in countries with large fiscal deficits. But what if they find that it tips economies into recession, or even deflation? The FT reports.
Many of the G20 nations are supportive of a tax on banks and details of the levy should be hammered out over the next few weeks despite growing doubts over the prospects for a multinational agreement, French Finance Minister Christine Lagarde told CNBC Monday.
Stocks eked out a gain after some late-session turbulence, led by techs. Energy stocks rebounded from the bottom of the pack to the No. 2 behind tech. Financials ended lower.
Stocks turned lower on Thursday, led by energy and financials, amid the strengthening dollar and a pair of credit downgrades on BP. Techs were among the best performers.
Stocks pared their gains Thursday after a report showed the services sector grew for a fifth straight month but wasn't a blowout number. Stocks had opened higher after a pair of encouraging employment reports.
U.S. stock index futures pointed to a higher open Thursday as investors waited for the next batch of key economic data in the hope that the economic recovery was gaining momentum.
Remember April 2009 when the G20 met in London? Gordon Brown was hosting world leaders and claiming he had saved the world while protests brought large parts of the UK capital to a halt.
The crisis the world went through is just an appetizer for a future one because the weaknesses that created it have not been addressed, Marc Faber, author and publisher of the Gloom, Doom and Boom Report, told CNBC Friday.
The G8 nations will announce Friday that they will no longer meet separately without the entire G20.
U.S. Treasury Secretary Timothy Geithner says he is seeing encouraging signs of a global economic rebound, but the world still has a way to go to emerge from the severe recession.
The leaders of the world’s largest nations are coming together this week in Pittsburgh. And Fast Money is watching 4 stocks that could move post G20 summit!
I have been warning clients for about two months that the mid-June-mid-October time period is the danger zone for a mood shift, and it looks like we're on schedule.
Emerging markets took the performance lead during the second quarter of 2009, with stocks in India and Russia jumping over 40%, as global markets recovered from multi-year lows.
Investors shifting their focus to opportunities overseas, encouraged by hopes of a recovery led by emerging markets, could see their returns increase as the dollar weakens and global indices rise.
It is an extraordinary number for extraordinary times: $1.1 trillion in aid, to be pumped into the world’s financial bloodstream. For the leaders gathered in London last week, it was tangible evidence that their economic summit meeting had yielded impressive results.
left/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/fratto_t_100_2.jpg1100100010lefttruehttp://msnbcmedia.msn.comfalse1Pfalsefalse Thirty years after release of the album, London called again – this time by gathering leaders of the Group of 20 economies. But no one feared the same inflated expectations Clash fans might have had in advance of "London Calling."
It's been a long time since we had our President speak and the market rally, but we saw it on Thursday when President Obama had a news conference at the G-20 meeting and the market went up 50 or so points on the Dow Jones average.
Luckily for investors, the news isn’t yet priced into stocks. That means it is time to buy.
The word in London was to not look like a banker but to wear blue jeans so as to be able to get to and from work without incident during the G20 meeting. Probably good advice, but of no help to our President, who had to dress up and face the hostile world as leader, not candidate, for the first time.
The draft G20 statement apparently has everything for everyone and the euphoria in the markets is palpable with equity markets rallying strongly, bond yields are higher, and the US dollar is lower.