*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...» Read More
NEW DELHI, Dec 4- India will press the Group of 20 economies to set a two-year deadline to reduce the cost of international money transfers, two government sources said, potentially saving more than $20 billion for developing countries. The world's largest recipient of remittances- of about $70 billion a year- won the backing of G20 leaders last month in Brisbane...
*Brent seen averaging $82.50, U.S. crude $78.00 in 2015. Dec 4- Oil price forecasts have collapsed in the wake of OPEC's decision not to cut output despite a global glut, Reuters monthly poll showed on Thursday. The survey of 31 economists and analysts, conducted after the Organization of the Petroleum Exporting Countries meeting on Nov. 27, forecast North Sea Brent...
LONDON, Dec 3- With an economy in meltdown, a currency that has tanked 45 percent and a possible sovereign default ahead, more and more of Ukraine's companies are finding themselves unable to repay overseas debt. While a relatively modest $12.4 billion in private sector debt falls due in 2015, according to International Monetary Fund estimates, it still exceeds...
ATHENS, Dec 2- Greece has rejected its international lenders' demands for tax rises and income cuts next year, Prime Minister Antonis Samaras said on Tuesday, arguing such measures would be disastrous for the country which has emerged from a deep economic recession. "Greece has done a lot already," Samaras said during an economic conference. The finance ministry...
The International Monetary Fund's member countries on Saturday said bold action was needed to bolster the global recovery.
Global economic activity should accelerate in 2015, Christine Lagarde said on Sunday, adding that the IMF did not expect a sharp slowdown in China.
Russia's annexation of Crimea underlines the need for the United States and the European Union to deepen their economic ties via an ambitious trade deal.
The world's top 20 economies may agree to set an ambitious target for faster global growth at a weekend meeting in Sydney.
European leaders agreed on new steps to fight youth unemployment and promote lending to credit-starved small business on Thursday after deals on banking resolution and the long-term EU budget.
The Conference Board will no longer provide economic reports in advance to news organizations, reports CNBC's Eamon Javers.
Japanese PM Abe said on Tuesday G-8 leaders expressed strong support for his "Abenomics" economic policies and heard no concerns about Japan's super easy monetary easing.
Leaders of the International Monetary Fund said an uneven global economic recovery is emerging, and policymakers must take more steps to foster swifter growth and job creation.
Finance leaders of the G-20 economies on Friday edged away from a long-running drive toward government austerity in rich nations, rejecting the idea of setting hard targets for reducing national debt in a sign of worries over a sluggish global recovery.
The euro zone will slow its budgetary belt-tightening to help reinvigorate economic growth, a top EU official said on Thursday.
Officials from the European Union and the International Monetary Fund return to Athens on Sunday to assess Greece's performance under a bailout plan.
Japan's government is likely to nominate Asian Development Bank President Haruhiko Kuroda, an advocate of aggressive monetary easing.
A $2 trillion economy and a stock market that trades at valuations cheaper than Pakistan - Russia is struggling to gain the trust of international capital.
With the road ahead looking a bit smoother, G20 finance ministers will be happy to ignore the wreck in the rear-view mirror when they meet this week to steer a course for the world economy.
The world's top economic policymakers are likely to discuss how Japan's new monetary and fiscal policy drive is weakening the yen when they meet next month, but will stop well short of calling it a competitive devaluation, G20 officials said.
The European Central Bank should keep monetary policy easy and perhaps try to lower borrowing costs further to help the euro zone's struggling economy, the head of the International Monetary Fund said on Thursday.