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 ‘World Financial’
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...China Fear of Echoing Post-Plaza Japan Limits `Hyundai Accord’
October 21st, 2010 by Financial Writer
China’s reluctance to deliver “shock therapy” through a faster appreciation of the yuan may be a bid to avoid repeating history: Japan’s.
As Group of 20 finance chiefs begin talks today in Gyeongju, South Korea, China is deflecting foreign pressure to fast-track the yuan’s gains after limiting them to about 2 percent against the dollar since [...]
Tags: bank of japan, China, economic growth, g20, Global Economy, interest rates, World Financial
GM bankruptcy: End of an era
June 1st, 2009 by Financial Writer
After years of losses, the troubled automaker is forced into bankruptcy. GM is set to close a dozen facilities and cut more than 20,000 jobs.
General Motors filed for bankruptcy protection early Monday, a move once viewed as unthinkable that became inevitable after years of losses and market share declines capped by a dramatic plunge in [...]
Tags: Global Recession, USA, World Financial
UN General assembly resechudle conference on world financial, economic crisis.
May 27th, 2009 by Financial Writer
The General Assembly this morning announced its decision to reschedule the Conference on the World Financial and Economic Crisis and Its Impact on Development to 24 to 26 June, from its previously-scheduled dates of 1 to 3 June, and, on another matter, appointed Gönke Roscher of Germany to the Committee on Contributions to a term [...]
Tags: Global Recession, World Financial