Global Economic Rebound 'Fragile,' G-7 Leaders Say
Sat, 10/03/2009 - 18:45 EDT - NPR - National Public Radio (Business News)
Finance ministers from the Group of Seven industrialized nations, wrapping up a meeting in Istanbul, warned Saturday that the recovery remains "fragile" and tried to talk up the U.S. dollar amid fears it could fall farther and disrupt the global economy.» E-Mail This» Add to Del.icio.us
Finance Minister Joe Oliver has asked the House of Commons finance committee to launch an investigation into terrorist financing, saying “more can be done” and that recent incidents highlight the threat it poses to Canadians.
In a letter Thursday to committee chairman James Rajotte, Mr. Oliver said last week’s disruption of a suspected ISIS support network in Ottawa “demonstrates that the importance and immediacy of this issue cannot be overstated.”
MELBOURNE — Canada’s Finance Minister Jim Flaherty has not yet decided whether to run for office again in the 2015 general election, he told Reuters on Tuesday, amid speculation he may step down before then to attend to health issues.
“We’ll see. I haven’t decided,” Flaherty said in an interview when asked to confirm his intentions.
He answered “yes” at a Nov. 13 news conference when asked whether he would run for re-election in October 2015 in the southern Ontario district he represents.
International financial leaders have wrapped up the World Economic Forum meeting in Switzerland with warnings that much remains to be done to stabilize the global economy.
International Monetary Fund chief Christine Legarde, speaking Saturday in Davos, said the IMF outlook for a "fragile and timid" recovery depends on leaders in the top economies of Europe, the United States and Japan making "the right decisions."
She warned against complacency among the 17 European ...
The U.S. dollar has fallen more than 12 percent from its recent peak. Amid worries that it will continue to weaken, some central banks are keeping more of their reserves in euros and yen. There has even been talk of finding an alternative to the greenback as the world's major reserve currency.» E-Mail This » Add to Del.icio.us
Leaders of the Group of 20 industrialized nations gather in Pittsburgh Thursday and Friday to focus on ensuring long-term economic stability following last year's global economic meltdown. At the top of the agenda is an attempt to correct the mistakes that led to the worst economic crisis since the Great Depression.
"Blockbuster," Credit Suisse said. "Shines bright," Nomura said. "Robust," Barclays said. "Healthy," UBS said. "Strong," Goldman Sachs said. "Very strong," Morgan Stanley said. This is how Wall Street received the January US jobs report on Friday.
OTTAWA – Canada is not alone in struggling with weak employment growth.
Dozens of other members of the Organization of Economic Co-operation and Development have been experiencing high jobless rates and stagnant wages since the recession.
Many will continue to do so, the Paris-based OECD said Wednesday in its annual employment outlook.
After nearly three years of little change, “unemployment is finally on a downward path in many countries,” said the OECD, which helps promote economic growth and financial stability among its 34 member nations.
This week's meeting of the Group of Eight industrialized countries concluded with a pledge to end the use of tax shelters by multinational corporations. But there are still big questions about how they will make a dent in the problem.» E-Mail This » Add to Del.icio.us
World leaders meeting in Canada over the weekend agreed to some strong medicine to cut their budget deficits. The move comes despite a warning from President Obama that precipitous cuts in government spending could choke off the fragile economic recovery.» E-Mail This » Add to Del.icio.us