OECD SAYS GROWTH IN MAJOR ADVANCED ECONOMIES WILL BE "SOMEWHAT SLOWER" IN FIRST HALF OF 2014 THAN SECOND HALF OF 2013.» Read More
SYDNEY, Feb 22- Germany's central bank chief said he sees limits on the degree of coordination possible among the world's major central banks and expressed scepticism about the Group of 20 economies setting specific growth targets.
SYDNEY, Feb 22- The world's top 20 economies may agree to set an ambitious target for faster global growth at a weekend meeting in Sydney, where major central banks are also being urged to coordinate policies to avoid "surprises" that could roil emerging markets.
SYDNEY, Feb 21- The Group of 20 will commit to concrete measures to significantly raise global growth while recognising the need for monetary policy in advanced economies to normalise, Bloomberg News reported on Friday, citing a draft communique.
SYDNEY, Feb 21- The United States threw its weight behind a push to make global taxation reform a key goal for the Group of 20 advanced and emerging economies, supporting moves to close loopholes used by major multinationals to avoid tax.
*Lew urges efforts to boost domestic demand in China, Japan, Europe. As finance ministers and central bank chiefs from the Group of 20 developed and emerging gather ahead of a weekend meeting in Sydney, many are already talking at cross purposes. Treasury Secretary Jack Lew said at a financial conference in Sydney ahead of the ministerial meetings.
The report echoed Australia's attempt to push an agenda for growth as it hosts finance ministers and central bank chiefs from the Group of 20 major economies in Sydney this weekend.
Ksenia Yudaeva, first deputy governor of the Bank of Russia, told a conference in Sydney ahead of the weekend G20 meeting that more cooperation was needed between global central banks to help stabilise markets. Earlier this week, Russia's central bank warned that investors were likely to steer clear of emerging markets as the U.S.
MUMBAI, Feb 20- The Reserve Bank of India will need to continue raising its policy interest rate given the sticky nature of inflation, the International Monetary Fund said on Thursday. RBI Governor Raghuram Rajan, a former IMF chief economist, has raised the key repo rate by 75 basis points to 8.00 percent since becoming head of India's central bank in September.
SAN FRANCISCO, Feb 19- The Ukraine's fundamental problem is that it suffers from an economic crisis and the country should ask the International Monetary Fund for help, U.S. Treasury Secretary Jack Lew said on Wednesday. "At the core they have an economic crisis and they are going to need to deal with it," Lew told a conference hosted by the World Affairs Council.
Group of 20 finance ministers and central bankers meet in Sydney this weekend, with global economic growth and ructions in emerging markets set to take centre stage.
TOKYO, Feb 18- Bank of Japan Governor Haruhiko Kuroda said on Tuesday that Japan's economy was moving in line with the central bank's forecasts, suggesting that no imminent expansion of monetary policy was necessary.
OTTAWA, Feb 17- Advanced economies must explain their monetary policy approach clearly to the rest of the world and some emerging economies need to strengthen policies in order to soften the financial market volatility during this unprecedented period of transition, a senior Canadian finance official said on Monday.
SEOUL, Feb 17- Policy coordination in response to the recent turmoil in some emerging markets will likely be among the main topics for discussion at this week's meetings of G20 policymakers, South Korea's Ministry of Strategy and Finance said on Monday.
BRUSSELS- OECD organizes a public debate on "The Euro Area at a crossroads: Policies for growth, jobs and competitiveness". **LUXEMBOURG- ECB Executive Board member Yves Mersch will hold a keynote speech at The Luxembourg Renminbi Forum- 1300 GMT. **LONDON- ECB governing council member Ewald Nowotny gives Golden Series lecture at OMFIF in London- 0700 GMT.
WASHINGTON, Feb 14- Economic policymakers from the world's biggest economies will focus on recent financial market turbulence when they meet next week in Sydney, a senior official at the U.S.
WASHINGTON, Feb 12- The International Monetary Fund's board on Wednesday said Portugal was on track with the conditions of its bailout program, and gave the euro zone country about 910 million euros. Portugal has so far gotten about 25 billion euros of the 26.9 billion euros the Fund pledged over three years to help Lisbon deal with a debt crisis, the IMF said.
Feb 12- The world's financial leaders will focus on four ways to boost global economic growth when they meet next week in Sydney but the discussion may be overshadowed by emerging market concerns over U.S. monetary policy, a G20 official said.
PARIS, Feb 10- The outlook for most advanced economies is improving, with recoveries in the United States and Japan leading the way, the OECD's latest monthly leading indicator showed on Monday.
LONDON, Feb 9- The euro zone and its constituent parts will report fourth quarter economic growth numbers at the end of the week, offering policy makers at the European Central Bank a needed snapshot of the bloc's underlying strength. There has been general improvement but a growing disparity between Germany and France, the currency union's largest economies.
*European firms say China benefits from credits, subsidies. BRUSSELS, Feb 5- The European Parliament pressed the EU's trade chief on Wednesday to build stronger defences against cheap imports from China, saying the European Union needed broad new powers to stand up to the world's second-largest economy.