Iain Anderson, Director and Chief Corporate Counsel of Cicero Group, says "the proof is in the pudding" as to whether the G-20 community will take action to boost global growth.» Read More
President Obama announced the plan to extend Chinese visas to students and tourists will boost jobs, reports USA Today.
PARIS, Nov 6- The OECD published on Thursday preliminary forecasts for major economies ahead of a summit of G20 leaders next week in Australia. The forecasts will be updated and completed when the OECD publishes its full Economic Outlook on Nov. 25. 2014 2015 2016 China 7.3 7.1 6.9 India 5.4 6.4 6.6 Indonesia 5.4 6.0 Mexico 3.9 4.2 Korea 3.8 4.1 World 3.3 3.7 3.9...
LONDON, Oct 19- Evaporating inflation and slowing growth have put financial markets into such a spin that they could inflict further damage on the world economy. With the Fed set to turn off its money taps at the end of this month, investors appear to have woken up to poor growth prospects in much of the world, something International Monetary Fund chief Christine...
WASHINGTON, Oct 11- The world's biggest emerging and developed economies have reiterated their commitment not to target exchange rates with monetary policy, European Central Bank President Mario Draghi told a news conference on Saturday.
WASHINGTON, Oct 9- Group of 20 nations agree on the need for each member to pursue a package of fiscal, monetary steps and structural reforms to revive growth as the global economic recovery remains patchy, Japanese Finance Minister Taro Aso said on Thursday. Aso said Japan broadly supports a proposal by G20 chair Australia to set up a new centre to promote...
Oct 9- The IMF's "new mediocre" has the sound of a threat, but we may end by wishing it was a promise. The global economy is "looking into the face of what we have called the risk of a new mediocre" period in economic growth, "IMF managing director Christine Lagarde said on Thursday in Washington D.C. at the annual IMF and World Bank meetings. The IMF's advice relies heavily on...
NEW YORK- World Business Forum in New York. Treasury Secretary Jack Lew talks about the global economy and the recent G20 finance ministers meeting in a discussion sponsored by the Peterson Institute- 1245 GMT. ALBUQUERQUE- Federal Reserve Bank of Kansas City President Esther George speaks on the U.S. economy before an economic forum hosted by the Federal...
LONDON, Oct 5- World policymakers gather in Washington later this week to ponder how to sustain economic recovery at a time when the United States is about to turn off its money taps. Given the same G20 finance ministers and central bankers met in Australia only two weeks ago it is not hard to guess how the debate will go: most of the western world will urge the euro...
*Weak economic outlook in China, Europe weighs on prices. *Analysts expect OPEC to cut output to support prices. HOUSTON, Sept 22- Crude oil futures fell on Monday as ample supply and slowing economic growth in Europe and China outweighed expectations of a cut in oil output from the Organization of the Petroleum Exporting Countries.
*Weak economic outlook in China, Europe weighs on prices. HOUSTON, Sept 22- Crude oil futures fell more than $1 on Monday as ample supply and slowing economic growth in Europe and China outweighed expectations of a cut in oil output from the Organization of the Petroleum Exporting Countries.
*Weak economic outlooks in Europe, China weigh. *Investors look past possible OPEC output cut. Comments from OPEC's secretary general last week that the group could cut output next year buoyed Brent, but investors' attention turned back to the gloomy economic outlook in Europe and China, which has curbed oil demand.
Andrew Naylor, Executive Director of Cicero Group, says the recent G-20 summit has increased the pressure on the euro zone to start boosting growth.
Speaking to CNBC at the G-20 meeting in Cairns, Christine Lagarde, Managing Director of International Monetary Fund, is confident that the Group of 20 can boost global growth by 2 percentage points.
Over the weekend in Australia, G-20 finance ministers reaffirm their pledge to boost world growth, but calls on Europe to do more. CNBC's Matthew Taylor reports from Cairns.
BEIJING, Sept 21- China will not dramatically alter its economic policy because of any one economic indicator, Finance Minister Lou Jiwei said on Sunday. Lou made the remarks at a meeting of finance ministers and central bank governors from the G20 countries in Australia, according to a statement from the People's Bank of China, China's central bank.
CAIRNS, Australia, Sept 21- Following is the text of the communique issued after on Sunday the meeting of finance ministers and central bankers from the Group of 20 leading nations in the Australian city of Cairns.
CAIRNS, Australia, Sept 20- Canada's finance minister said on Saturday commitments made by G20 countries came "very close" to the target of adding an extra 2 percentage points to global economic growth and he urged European governments to increase stimulus where they could.
CAIRNS, Australia, Sept 20- As the Group of 20 leading economies meet to change no less than the "destiny" of the global economy, members remain divided on how to get there with Germany pushing back at U.S. calls for more government stimulus. That goal has seemed ever more distant as members from China to Japan, Germany and Russia have all stumbled in recent months.
Sept 19- G20 host Australia is leading a push to draw a line under the global financial crisis, urging the group of top economies to swiftly finalize regulations aimed at preventing a repeat of the crash and focus on measures to revive sputtering global growth. >G20 to discuss Europe, natural to turn to Germany- Canada.
David Thodey, CEO of Telstra, describes what the G-20 needs to tackle in order for infrastructure investment to stimulate global economic growth and jobs.