Reforms to the International Monetary Fund have hit a deadlock despite a declaration from global financial chiefs» Read More
SYDNEY, Feb 24- The world's top economies have adopted a soft target of adding at least 2 percentage points to growth over five years, a source said, signalling optimism that the worst of crisis-era austerity was behind them. The following are key points from the communique at the conclusion of the Group of 20, according to the source.
SYDNEY, Feb 23- The world's top economies have adopted a soft target of adding at least 2 percentage points to growth over five years, a source said, signalling optimism that the worst of crisis-era austerity was behind them.
SYDNEY, Feb 23- The world's top economies are on the verge of adopting a soft target of adding an extra 2 percentage points to global growth over five years at a meeting in Sydney, signalling optimism that the worst of crisis-era austerity was behind them.
SYDNEY, Feb 22- Developing countries need to do more themselves to offset the impacts of the U.S. "For example, in the case of Indonesia, we can't put the blame only on tapering itself. Indonesia had already started its homework by adjusting oil prices and hiking interest rates, he said.
SYDNEY, Feb 22- Europe is in favour of setting an economic growth target for the world's 20 biggest developing and advanced economies, but only if they agree on bold reforms, the European Union's Economic and Monetary Affairs Commissioner Olli Rehn said.
The world's top 20 economies may agree to set an ambitious target for faster global growth at a weekend meeting in Sydney.
SYDNEY, Feb 22- Germany's central bank chief said he sees limits on the degree of coordination possible among the world's major central banks and expressed scepticism about the Group of 20 economies setting specific growth targets.
SYDNEY, Feb 22- The world's top 20 economies may agree to set an ambitious target for faster global growth at a weekend meeting in Sydney, where major central banks are also being urged to coordinate policies to avoid "surprises" that could roil emerging markets.
CNBC's Oriel Morrison provides a preview of the G20 meeting of finance ministers and central bank governors where global economic stability is on the agenda.
SYDNEY, Feb 21- The Group of 20 will commit to concrete measures to significantly raise global growth while recognising the need for monetary policy in advanced economies to normalise, Bloomberg News reported on Friday, citing a draft communique.
SYDNEY, Feb 21- The United States threw its weight behind a push to make global taxation reform a key goal for the Group of 20 advanced and emerging economies, supporting moves to close loopholes used by major multinationals to avoid tax.
*Lew urges efforts to boost domestic demand in China, Japan, Europe. As finance ministers and central bank chiefs from the Group of 20 developed and emerging gather ahead of a weekend meeting in Sydney, many are already talking at cross purposes. Treasury Secretary Jack Lew said at a financial conference in Sydney ahead of the ministerial meetings.
The report echoed Australia's attempt to push an agenda for growth as it hosts finance ministers and central bank chiefs from the Group of 20 major economies in Sydney this weekend.
Speaking ahead of the G-20 weekend meeting in Australia, U.S. Treasury Secretary Jacob Lew, highlights infrastructure, skills gap and tax reform as key issues that the U.S. government will need to tackle.
Andrew Economos, Head of Sovereign & Institutional Strategy, Asia at JP Morgan Asset Management, discusses U.S. Treasury Secretary Jacob Lew's comments about the U.S. quickening its recovery momentum.
Responding to questions about fears related to China's banking system, U.S. Treasury Secretary Jacob Lew, says that China has the capacity to manage shadow banking.
Singling out regulation as the key area he will be watching at the G-20 meeting, Gary Cohn, President & COO of Goldman Sachs, says 'smart' financial regulation will be the answer for global banks.
Takehiko Nakao, President of the Asian Development Bank, says focus of the G-20 weekend meeting in Australia, will be on how to sustain the global growth momentum.
Mathias Cormann, Finance Minister of Australia, says Australia will stand to benefit if the G-20 commits to hard targets for stronger growth.
Australia's Finance Minister Mathias Cormann, says he hopes the G-20, which meets this weekend, can commit to a plan of action that will strengthen the global economy.