Reforms to the International Monetary Fund have hit a deadlock despite a declaration from global financial chiefs» Read More
The Group of 20 industrialized nations is on its way to obsolescence and the world is at a point where neither a single country nor a bloc of countries will be able to drive an international agenda, according to Ian Bremmer, president of Eurasia Group, and Nouriel Roubini, chairman of Roubini Global Economics.
The Egyptian military entered the streets of Cairo amid protests, but the World Economic Forum kept its focus on the big economies.
Want to stump Davos participants? Ask them what the big theme is this year.
Doing what other US officials should have been doing all along, the Force, otherwise known as Gentle Ben, struck back last week and defended US monetary policy. But more importantly, in a very nice way, he told other nations to look to their own houses andback off on the criticism of the US.
Sen. Bob Corker (R-Tenn.) wants the Federal Reserve to drop its dual mandate of ensuring price stability and full employment and focus only on containing inflation.
When the G-20 summit ended, attention focused on American global weakness rather than American global power, with no free trade agreement and intense criticism of recent action by the Federal Reserve,
President Barack Obama claimed a stronger hand on the world stage Friday despite electoral defeats at home, failure to get a free-trade agreement with South Korea and lackluster international support for his get-tough policy with China on trade and currency disputes.
It's great fun to be a private equity master of the universe. For one thing, you get to say stuff like "“I’m not a bank, I’m a user of banks,” during closed-door meetings at the G-20 Summit.
The Federal Reserve's plan to buy more Treasury bonds has incited critics at home to complain of inevitable high inflation and financial turmoil.
Cisco's disappointing earnings news and the dollar could combine to be a drag on stocks Thursday.
Stocks slid Wednesday, despite news of an unexpected drop in US jobless claims and a narrowing of the trade deficit. Art Cashin, director of floor operations at UBS Financial Services, shared his outlook.
Anyone wondering what President Obama will face when he arrives in South Korea on Wednesday for a global financial summit meeting need look no further than an announcement by China’s leading state-endorsed rating agency, which downgraded the United States’ credit rating on Tuesday — and provocatively questioned American leadership of the global economy. The New York Times reports.
Stocks continued to stall after last week's broad market rally and closed lower across-the-board Tuesday as the dollar rose. Bank of America and Kraft fell, while Exxon rose. .
Stocks extended losses as the closing bell neared, pulling back from last week's rally to two-year highs, as the dollar rose. BofA fell, while Exxon rose.
Stocks fluctuated Tuesday despite largely upbeat earnings releases, and news of corporate acquisitions, as the dollar rose slightly. Chevron and Kraft fell, while Exxon rose.
Stock index futures pointed to a higher open for Wall Street on Tuesday, tracking gains in Europe where upbeat company statements lifted shares.
When the Federal Reserve announced last week that it would buy $600 billion in Treasury bonds to help bolster the economy, it quickly came under attack from Germany, Brazil and China. But the Fed’s plans earned a hearty endorsement from at least one foreign trade partner — India. The NYT reports.
Leading economies should consider readopting a modified global gold standard to guide currency movements, argues the president of the World Bank. The FT reports.
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.