Group Of Twenty - Economic Meltdowns

GENEVA (Reuters) - The pursuit of austerity measures and deficit cuts is pushing the world economy toward disaster in a misguided attempt to please global financial markets, the annual report of the United Nations economic thinktank UNCTAD said on Tuesday.The report, entitled ...

Battered markets tumbled further Tuesday despite world leaders vowing to bolster financial stability, with Barack Obama defending US credit and the European Central Bank trying to stem a debt crisis.Finance ministers and central bankers from the Group of 20 industrialised and emerging ...

WASHINGTON (Reuters) - French President Nicolas Sarkozy assured President Barack Obama on Monday he recognized the U.S. dollar's role as the world's "No. 1 currency," as the two leaders pledged to coordinate ideas for reforming the international economic system.Sarkozy, pushing France's goals ...

SKorean president says G20 needs 'concrete agreements' or relevance will be questionedGroup of 20 leaders know they must achieve "concrete agreements" including goals for reducing current account and trade gaps at next week's summit or risk having their leadership of the world ...

The head of the International Monetary Fund has stressed the need for unity among world leaders at the G20 meeting in London next week. Consumers repaid ?245m worth of credit more than they took out in February, having taken on an extra ...

Top central bankers agreed Sunday on a set of new bank regulations, called Basel III, which are aimed at preventing a repeat of the recent financial crisis, the Bank for International Settlements said."The agreements reached today are a fundamental strengthening of the ...

The euro zone economy could shrink in 2009 and the European Central Bank is likely to cut interest rates again, ECB Governing Council member Axel Weber said on Monday. nation region's economy shrank in the second and third quarters -- meaning a ...

Bankers Monday called for any post-crisis levy on the industry to be introduced at an international level, warning that unilateral action risked damaging the country's financial sector.The country's banking sector "requires international agreements on the framework in which it operates if its ...

The article discusses various reports published within the issue, including one on efforts of the G-20 to take action against tax havens, one on the challenges faced by auditors of banks in Great Britain, and one on Paul Boyle, outgoing Financial Reporting ...

At this year's G-20 summit in Toronto, the world's leading economies sealed their fate. Many hoped that the last economic crisis would force policy elites to recognize that the U.S. could no longer sustain enormous current account deficits, and that we'd thus ...

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Topic: Group Of Twenty

U.N. study savages U.S., European economic policy

Debt crisis bites despite global leaders' efforts

Sarkozy assures Obama he sees dollar as "No. 1"

SKorea: G20 leaders need 'concrete agreements'

IMF calls for unity ahead of G20

Central bankers reach deal on new bank regulations

Tyco Electronics buys ADC for $1.24B

Banks urge levy introduction at international level

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The G-20 Blues

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