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  • SHANGHAI, June 1- China's yuan firmed against the dollar on Monday after the G7 agreed in principle that it would be good to include the currency in the International Monetary Fund's currency basket, traders said. The People's Bank of China set the midpoint rate at 6.1207 per dollar prior to market open, the lowest level since Apr.28, or 0.02 percent weaker than the...

  • BERLIN, May 31- Russia should be invited to rejoin a summit of the Group of Seven industrial powers next weekend, the heads of two German business lobby groups were quoted as saying on Sunday. Eckhard Cordes, chairman of Germany's Committee on Eastern Economic relations, which represents the interests of about 200 companies with investments in Russia, said...

  • BERLIN, May 29- Chancellor Angela Merkel tried to drum up support in Germany for the Transatlantic Trade and Investment Partnership ahead of the G7 summit she is hosting in June, saying in an interview on Saturday she hopes it will be finalized by 2017.. "It's important for me that the transatlantic free trade keeps pace with the Pacific region," Merkel said,...

  • DRESDEN, Germany, May 29- Finance chiefs from the Group of Seven industrial nations agreed on Friday that including China's renminbi in the International Monetary Fund's currency basket is desirable, but a technical review must be completed first. The inclusion of the renminbi, also known as the yuan, as part of the IMF's unit of account would mark another stage...

  • DRESDEN, Germany, May 29- The United States warned on Friday of a possible accident for the world economy if Greece and its creditors miss their June deadlines to avert a debt default. With Athens struggling to make repayments due next month, the debt stand-off between Greece and its European Union partners overshadowed a meeting of policymakers from the Group...

  • DRESDEN, Germany— Finance ministers from the Group of Seven wealthy democracies heard a sharp call from U.S. Treasury Secretary Jacob Lew to find agreement on more financial help for Greece. Lew said that further delaying Europe's six-month old talks with Greece was "courting an accident"— such as a Greek default or messy exit from the euro, which could have...

  • UPDATE 2-Greek crisis overshadows G7 growth talks Thursday, 28 May 2015 | 5:36 PM ET

    DRESDEN, Germany, May 28- The head of the International Monetary Fund warned that Greece could fall out of the euro zone as it struggled to sort out its debt stand-off, which is adding to concern about the patchiness of global economic recovery. Greece was not officially on the agenda of the Group of Seven meeting on Thursday in a former palace in the eastern Germany...

  • *G7 officials discussing Greece on sidelines of talks. *U.S. presses Europe, IMF to show flexibility on Greece. *IMF, EU officials say much work to do for Greece deal.

  • DRESDEN, Germany— Economic growth that's not as strong as everyone would like. A potential financial blowup in Greece. Those were three of the most pressing topics hanging over top finance officials from the Group of Seven wealthy democracies at their gathering in Dresden, Germany.

  • *U.S. presses Europe, IMF to show flexibility on Greece. DRESDEN, Germany, May 28- Finance chiefs from the Group of Seven economic powers met on Thursday to discuss how to revive a faltering global recovery, with the United States leaning on Europe to reach a deal to avert a Greek bankruptcy. Speaking before meeting the Group of Seven finance chiefs, International...

  • *U.S. expected to press Europe to reach deal on Greece. DRESDEN, Germany, May 27- G7 ministers and central bank heads convened on Wednesday to discuss how to revive global growth and China's increasing clout, while keeping a close eye on the protracted talks to avoid a Greek default. The United States is likely to use the talks, running through to Friday, to press Europe...

  • UPDATE 2-U.S. urges EU, IMF to be flexible with Greece Wednesday, 27 May 2015 | 12:27 PM ET

    Treasury Secretary Jack Lew issued the warning on Wednesday in a stopover in London on his way to a meeting of Group of Seven finance ministers in Dresden, Germany. Finance ministers from the United States, Japan, Germany, France, Italy, Britain and Canada are meeting in Dresden on Thursday and Friday, and although Greece is not formally on the agenda, it will be...

  • DRESDEN, Germany— Top finance officials from the Group of Seven wealthy democracies are gathering in Germany this week to discuss ways to strengthen the global economy. U.S. officials are pressing countries such as Germany that have strong finances to invest more to stimulate their economies. The Group of Seven, or G-7, meets against the background of a...

  • LONDON, May 27- The United States urged European negotiators not to miscalculate as they try to negotiate a debt deal with Greece's cash-strapped government, because the cost of a Greek exit from the euro zone was impossible to predict exactly. Treasury Secretary Jack Lew issued the warning on Wednesday in a stopover in London on his way to a meeting of Group of...

  • *U.S. expected to press Europe to reach deal on Greece. DRESDEN, Germany, May 27- Little more than a gentlemen's club in recent years, G7 finance ministers and central bankers have their work cut out this week to revive stuttering global growth and defuse tensions over China's growing economic clout. The United States is likely to use the talks, beginning late on...

  • G7 finance chiefs meet with growth problem to fix Wednesday, 27 May 2015 | 4:47 AM ET

    U.S. expected to press Europe to reach deal on Greece. The United States is likely to use the talks, beginning late on Wednesday and running through to Friday, as an opportunity to press Europe to reach a funding-for-reforms deal with Greece, an official close to the discussions said. Hosts Germany have given the meeting in Dresden the heading "Towards a Dynamic...

  • TOKYO/ SAPPORO, Japan, May 27- Japanese policymakers on Wednesday offered mild but harmonised verbal warnings against excess currency turbulence, cautioning markets against pushing the yen down too rapidly. "In general, excessive exchange-rate volatility is undesirable," Kyodo news agency quoted Finance Minister Taro Aso as telling reporters before...

  • G7 finance ministers to meet in Germany   Wednesday, 27 May 2015 | 12:45 AM ET
    G7 finance ministers to meet in Germany

    Christian Schulz, senior economist at Berenberg Bank, explains why this week's meeting of finance ministers from the world's largest developed economies will be a non-event for markets.

  • May 26- China must press ahead with currency liberalization plans for the yuan to join the International Monetary Fund's reference basket of currencies, a senior U.S. In a call to preview discussions among Group of Seven nations in Germany this week, the official said the United States would emphasize the need to find a pragmatic solution for Greece and urge all...

  • May 26- China's currency liberalization plans are welcome and will be needed before the yuan is able to join the International Monetary Fund's reference basket of currencies, a senior U.S. Treasury official said on Tuesday. In a call to preview discussions among Group of Seven nations in Germany, the official said the United States encouraged China to continue...