Joe Hockey, Treasurer of Australia, says geopolitical tensions in Ukraine will be discussed at the G-20, but warns that focus will remain on the the global economic recovery.» Read More
Leading economies told Europe it must put up extra money to fight its debt crisis if it wants more help from the rest of the world, piling pressure on Germany to drop its opposition to a bigger European bailout.
Officials from top emerging market countries will discuss fledgling plans to set up a multilateral bank to fund projects in developing nations during upcoming Group of 20 meetings, a senior Brazilian government official said on Thursday.
Concerns over the size of United States debt reared their head once again as ratings agency Standard & Poor’s warned that health care costs for a number of highly-rated Group of 20 countries, including the U.S., could hurt growth prospects and harm their sovereign creditworthiness from the middle of this decade.
The Asian Development Bank has called for India and China to be ready to help rescue the eurozone from its sovereign debt crisis to avoid a long-term downturn that will stunt the growth of Asian economies. The FT reports.
As the eurozone crisis spreads from Greece to Italy, countries far afield are being sucked into the maelstrom. The FT reports.
The Group of 20 is seeking to meet again, possibly before Christmas, with the aim of resurrecting a deal to provide an international firewall around Greece, G20 sources have told the Financial Times, saying negotiators at the Cannes summit had been close to an agreement.
With no end in sight to the euro zone debt crisis, events in Athens and Rome are likely to dominate investor sentiment over the coming days.
Those looking for firm action in the final G20 communique would have had a hard time finding much to get their teeth into.
CNBC's Steve Liesman and Simon Hobbs have the latest details on Greece and the no confidence vote tonight on Greek PM, George Papandreou's government. Also, its impact on global markets.
CNBC's Steve Liesman has the details on Greece, the IMF, and how the country plans on getting financial relief.
CNBC's Michelle Caruso-Cabrera takes a look at the euro losing ground today after euro zone leaders raised fresh concerns about the regions ability to tackle its debt crisis,
CNBC's Steve Liesman has a preview of What President Obama's comments will be from the G20 summit.
CNBC's Steve Sedgwick has the details on President Obama's news conference at the G20 summit and his working sessions with G20 leaders as the European debt crisis remains on the front burner.
"They have internal resistance in China to putting any bailout money in Europe. Obviously China wants to play on the international stage more and get involved in the IMF eventually. So I think it very likely there will be some help eventually, maybe into the IMF," Philip Chan, director of institutional equity strategy at Shenyin Wanguo, told CNBC.
The CNBC's business news team, reports on the latest developments in Greece, the G20 meeting in France, and their impact on the markets.
CNBC's Stephen Sedgwick reports the latest details on the G20 Summit in Cannes, and Greece and the European economy.
Greece and the European economy are dominating the conversation at the G20 summit. NBC's Chuck Todd has the details.
The European council of heads of states have met 7 times this year and still have another meeting in the diary. Europe’s finance ministers have met 11 times and plan two more before the year is out.
David Cameron has urged colleagues to stop talking down the economy as he tries to drown out a growing chorus of doomsayers with a resolutely upbeat assessment of the nation’s prospects, in an article for the FT.
Angela Merkel and Wolfgang Schaeuble sure know how to ruin a party. A euro party, that is.