Tag: G20

G20 faces food commodities fight

The world's top economies aim to overcome their differences and honour pledges to crack down on food price spikes which are again hitting consumers...

G20 tackles global economy

WASHINGTON - The world's big economies have tried to overcome their differences and flesh out a plan to make the world economy less prone to booms and busts. The challenge of getting the Group of 20 to agree on how to spot and fix dangers to global growth comes as policymakers are worried about more immediate threats - high oil prices, huge debts in some rich nations and unrest in the Middle East.
China, at the center of the ambitious global policy plan, signaled it will only let

France proposes G20 meeting on nuclear safety standards

TOKYO - French President Nicolas Sarkozy on Thursday proposed a meeting of G20 nuclear industry officials in May to start hammering out new global safety standards in the wake of the power plant disaster in Japan.
Japan's battle to avert a catastrophic meltdown of fuel rods at the earthquake-wrecked facility north of Tokyo has triggered alarm and safety reviews in nuclear-powered countries around the world. Sarkozy, the first foreign leader to visit Japan since the March 11

Sarkozy calls on India to back G20 agenda

BANGALORE: President Nicolas Sarkozy urged India on Saturday to support France's agenda of reforming the global monetary system during its presidency of the G20 and hinted a nuclear deal could be signed on his trip.
The French president started his four-day visit in the southern technology hub of Bangalore. He leads a delegation of 50 senior businessmen as well as top cabinet officials, including Economy Minister Christine Lagarde. He wants to push an ambitious agenda
for

Obama wraps up G20, comes to Japan for APEC summit

YOKOHAMA: US President Barack Obama arrived in Japan Friday for a Pacific Rim summit and meetings with other world leaders, after attending the Group of 20 talks in South Korea.
Obama will take part in the weekend Asia-Pacific Economic Cooperation (APEC) summit, hosted by Japanese Prime Minister Naoto Kan and also attended by China's President Hu Jintao and Russian President Dmitry Medvedev.
Air Force One touched down at Tokyo's Haneda Airport from Seoul, where the G20

G20 ministers likely to agree on IMF reforms

GYEONGJU
The G20 finance ministers are likely to reach an outline agreement on reformation of the International Monetary Fund (IMF) at their meeting ending on Saturday, a reliable source said.
"We are extremely optimistic about the IMF reform as everyone has shown goodwill," the source told AFP. Ministers from a group of 20 leading economies are preparing for a summit to be held in Seoul next month.
The summit would discuss IMF reforms and address the issue of providing

Dollar in tight range ahead of G20 meeting

HONG KONG
The dollar fell on Friday as speculation mounted that a US plan that included letting undervalued currencies strengthen would gain support ahead of a contentious weekend Group of 20 meeting. This had the sudden effect of lifting gold and oil prices.
Major European stocks opened lower, with Britain's FTSE 100 down 0.1 percent, France's CAC 40 down 0.5 percent and Germany's DAX off 0.3 percent. The FTS Eurofirst 300 opened 0.1 percent lower.
A positive outlook