Finance ministers from the world’s major nations agreed to a U.S.-brokered plan for easing tensions over exchange rates and world trade patterns, saying that a “fragile and uneven” economic recovery was at risk if top powers pursued conflicting policies or used the value of their currencies to gain an edge for their exports.
Aiming to head [...]
Posts Tagged ‘financial leaders’
G-20 powers agree to Geithner currency and trade plan
October 23rd, 2010 by Financial Writer
Tags: economic activity, economic recovery, Federal Reserve, financial leaders, g20, World Financial
more...U.S. Stocks Fluctuate on G-20 Deficit Pledge, Consumer Spending
June 28th, 2010 by Financial Writer
U.S. stocks swung between gains and losses as a bigger-than-forecast rise in consumer spending and a pledge by Group of 20 leaders to cut deficits offset smaller- than-estimated growth in personal incomes.
Transocean Ltd., the company that leased the Deepwater Horizon drilling rig in the Gulf of Mexico to BP Plc, advanced after the British oil [...]
Tags: commerce department, consumer spending, debt crisis, Dow Jones Industrial, economic recovery, european economy, financial leaders, Global Economy, us stocks
Yuan shot heard round the world but quiet in China
June 19th, 2010 by Financial Writer
China’s announcement that it will resume currency reform made waves globally but caused barely a ripple at home on Sunday, with major newspapers merely reprinting the central bank’s statement.
The People’s Daily, the main organ of the ruling Communist Party, put the news on its back page, while the banner headline on the website of the [...]
Tags: bank of china, central bank, China, Chinese economy, economists, european union, financial leaders, Global Economy, global financial crisis, IMF
G20 to seek progress on world growth scheme
November 3rd, 2009 by Financial Writer
Group of 20 financial leaders will seek to firm up a plan to rebalance the world economy when they meet this week, looking to beat out how to set national policy goals and make sure everyone keeps to them, officials said on Monday.
Sources from the group of rich and developing nations said that talks were [...]
Tags: Economic Turmoil, economy, financial leaders, financial markets, g20