Topic: Group of Eight

World leaders agree to disagree on best economic strategy to focus on other issues at summitWorld leaders, facing serious differences over the best way to nurture a fragile global recovery, are agreeing to disagree in a variety of key areas. Even before ...
US President Barack Obama hopes to return from the Group of Eight and Group of 20 meetings in Canada with new evidence that key powers will fulfill pledges to heal the global economy. At the G8 "rich nations club" Friday and Saturday ...

Oil prices sink after IEA report

Oil prices tumbled under 59 dollars on Friday on renewed demand concerns, as the IEA said signs of a strong rally in global economic growth and oil demand were fading. The International Energy Agency however added in its latest monthly report that ...
Obama hails closing G-8 summit, calls it a productive session to confront difficult challengesPresident Barack Obama is hailing "candid and spirited discussions" at the G-8 summit, saying the world must come to grips with chronic problems like economic stagnation and climate change. ...

German industrial output leaps higher: statistics

Germany got a big boost Wednesday when the economy ministry reported that industrial output jumped by a 3.7 percent in May from the previous month, a sign the country's deep recession might be nearing an end. "Industrial production may have passed the ...

IMF says worst not over

LONDON (Reuters) - The head of the IMF questioned on Monday debate about when to roll back stimulus spending, saying the world economy had yet to weather the worst of a recession that claimed a record number of European jobs. The 16-country ...

World awaits recovery as G8 finance chiefs meet

Finance ministers from the G8 leading world powers meet for talks in Italy on Friday as populations hit by the worst economic crisis in decades wait for firm evidence of an upcoming recovery. The International Monetary Fund is forecasting faster-than-expected global growth ...

Geithner wants G8 to do more on stimulus, reform

The US will press G8 finance ministers to stay the course on economic stimulus and financial reforms despite signs the global recession is easing, Treasury Secretary Timothy Geithner said Tuesday. "I think it is fair to say the force of the global ...
Geithner says global recession is easing a bit but serious risks to recovery remainTreasury Secretary Timothy Geithner said Tuesday that the global recession is easing but serious risks remain to a prolonged recovery. Geithner told reporters there were a number of signs ...

Leaders eye finance overhaul as markets tumble

Emergency measures to tackle the financial crisis provided little relief for nervous investors Thursday, as stock markets around the world took a battering on fears of a global recession ahead. With most analysts now considering a US recession inevitable, markets looked beyond ...
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