PITTSBURGH (Reuters) - World leaders at the G20 meeting here on Thursday were closing in on a statement calling for new restraints on banker pay, but would not endorse specific monetary caps, a deal-breaker for the United States.
World leaders at the G20 meeting here Thursday were closing in on a statement calling for new restraints on banker pay, but would not endorse specific monetary caps, a deal-breaker for the United States
PITTSBURGH (Reuters) - World leaders at the G20 meeting on Thursday closed in on a statement calling for new restraints on banker pay, an issue that became inflammatory during the global financial crisis, but would not endorse specific monetary caps -- a deal-breaker for the United States.
MOSCOW – Financial leaders from the world’s 20 biggest economies may have promised not to devalue their currencies to help exports, but the pledge will do little to keep exchange rates stable.
While G20 finance ministers and central bank governors can promise not to devalue their currencies directly, there can be no guarantees while central banks are pumping money into economies to make them grow again.
Brisbane (Australia) (AFP) - Australia made a last ditch call Sunday for the G20's powerful leaders to use all policy levers to rehabilitate global economies and generate prosperity, which could see their target of two percent growth bettered.
ANKARA: World's 20 largest economies, including India, today launched W20, an engagement grouping of women leaders, to push for gender inclusive global economic growth. The W20 group -- having 20 women leaders from G20 nations -- would host its first summit next month in Istanbul after all member countries appoint their nominees. At the official launch event here, Turkish Prime Minister Ahmet Davutoglu said the prosperity of a country can be best understood by the smile of women from that country and it is very important to empower them in the economic growth process.
Brisbane (Australia) (AFP) - The world's top development banks on Thursday threw their support behind G20 plans for a global infrastructure hub to spur growth and create jobs, saying it is key to helping tackle poverty.
MOSCOW — G20 officials struggled to find a common form of words on currency manipulation ahead of a summit on Friday at which divisions within the group over growth versus austerity looked set to flare back into life.
The head of the European Central Bank criticised wrangling over currencies ahead of the meeting of Group of 20 financial leaders where Japan is expected to escape any censure for its expansionary policies.