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.» Read More
An unusually broad coalition of business groups in North America, Europe and Asia has sent a letter to the heads of state of the Group of 20 major economies, asking them to make a commitment at their meeting this month in Seoul that trade in crucial rare earths will not be interrupted because of industrial policies or political disputes. The New York Times reports.
Given the high market expectations, the US Federal Reserve had no choice but to announce a second tranche of quantitative easing, nicknamed QE2. But the measure is an inevitably blunt instrument for the difficult task of restoring growth and generating jobs.
Credit Suisse changed its outlook on the stock market and now is overweight stocks, Giles Keating, head of research at Credit Suisse, told CNBC Monday.
The dollar's slump could get far worse if the dollar index takes out last year's low, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.
The agreement by G20 finance leaders over the weekend to move towards market-based exchange rates and commit to reducing external imbalances was a "surprise," analysts told CNBC on Monday, considering the markets were not expecting much from the meetings.
Nicolas Sarkozy on Wednesday set out his agenda for France’s forthcoming presidency of the G20 group of leading economies, proposing measures to reduce currency fluctuations, curb commodity speculation and speed up reform of international institutions.
Emerging and other international markets took a beating during the second quarter of 2010, led by a 20% decline in China's Shanghai Composite. The global decline was driven in part by uncertainty around the world, leading investors to unwind risky positions.
Stocks ended lower Monday after a yo-yo session as investors digested some mixed consumer data, a drop in oil prices and news that the Supreme Court struck down a key part of the Sarbanes-Oxley law, which regulates corporate accounting.
Stocks bounced back Monday in a yo-yo session as investors digested some mixed consumer data, a drop in oil prices and news that the Supreme Court struck down a key part of the Sarbanes-Oxley law, which regulates corporate accounting.
Stocks turned higher Monday after the Supreme Court struck down a key part of the Sarbanes-Oxley law, which regulates corporate accounting.
US stock futures remained positive after economic news showed gains in income doubled those in spending and consumer saving hit its highest level since September 2009.
Carl Weinberg and the team over at High Frequency Economics did not like what they heard in Toronto over the weekend.
President Barack Obama is appealing to the world's major economies not to waver in their efforts to support a sustained rebound from the near collapse of the global economic system in the fall of 2008.
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.