Alexander Mirtchev, board director at Atlantic Council, reviews the G8 meeting, its policy implications and what the main issues discussed were.» Read More
LONDON, June 15- Britain turned up the pressure on other rich economies to clamp down on secretive money flows at a summit next week by pressing its overseas tax havens into a transparency deal and announcing new disclosure rules for British firms.
LONDON, June 15- Prime Minister David Cameron will press Britain's overseas tax havens to sign up to an international transparency treaty in London on Saturday, before he meets leaders of G8 economies to push for coordinated global action on tax avoidance and evasion.
LONDON, June 15- Britain's Prime Minister David Cameron will press its overseas tax havens to sign up to an international transparency treaty in London on Saturday, hoping to bolster British credibility ahead of next week's G8 summit.
LONDON, June 14- The G8 group of leading economies will shy away from adopting a measure aimed at curbing tax avoidance by highlighting when companies channel profits into tax havens, and will include a watered down alternative, according to a draft statement.
LONDON, June 14- Leaders of the world's richest nations are likely to say next week that they are not content with progress so far in fixing their economies after the financial crisis.
Britain's own tax havens are world leaders. Britain's list of exotic Overseas Territories reads like an accountant's dream menu for a cash-rich Russian oligarch with something to hide, while British lawyers lead the field as gatekeepers for elaborate global mazes of offshore trusts.
LONDON, June 13- Bermuda has agreed to back an international financial transparency treaty that is aimed at stamping out tax evasion, the British government said on Thursday, boosting Prime Minister David Cameron ahead of the G8 summit meeting next week.
Two days of accommodation at a lakeside golf hotel in Northern Ireland don't come cheap- and Britain has irritated its fellow Group of Eight states by sending them hefty advance bills for the summit it is hosting there.
Harris Georgiades, Cyprus finance minister, comments on Cypriot reforms, discussions with Russia, capital controls and why he expects the first installment of the bailout shortly.
Henning Meyer, senior visiting fellow for the department of government at London School of Economics, discusses whether a treaty change is necessary for a European banking union.
Group of Seven nations finance ministers agreed to tackle the issue of how to deal with failing banks and gave gave a green light to Japan's efforts to galvanize its economy.
Jack Lew, U.S. Treasury secretary, says Europe needs to find the right balance between austerity and growth and fix its credit market issues to boost its economy.
Jack Lew, U.S. Treasury secretary, comments on the Japanese monetary policy and adds that the U.S. "will keep an eye" on whether the policies remain "within the bounds" of international agreement.
Pier Carlo Padoan, chief economist at the OECD, tells CNBC that despite results which appear disappointing, they are not pessimistic as the G7 forecast in fact indicates an improving situation.
Lael Brainard, U.S. under-secretary to the treasury for international affairs, tells CNBC that all members of the G7 will adhere to this week's currency statement, while it's important to avoid "loose talk" on currencies.
Monetary policies must not be directed at devaluing currencies, the Group of Seven nations said in a statement aimed at cooling growing international tensions over exchange rates and prompting yen to surge.
While currency investors have been busy monitoring the euro zone mess, downward pressure has been building on the yen.
Greg Smith, Group CEO, Global Commodities Ltd says it's not a bad time to be buying commodities.
CNBC's Steve Liesman reports the latest developments from the G7 meeting on the global economy and financial markets.
Australia trims interest rates and Spain's bond-market woes worsen — it's time for your FX Fix.