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Information about G20 Feb. 26-27 2016
Sat Feb 27, 2016 11:50am EST
SHANGHAI | BY GERNOT HELLER AND ADAM JOURDAN
http://www.reuters.com/article/us-g20-china-communique-idUSKCN0W004T
Shanghai Municipality Communist Party Secretary Han Zheng attends
meeting with U.S. Secretary of the Treasury Jack Lew, in Shanghai, China,
February 26, 2016.
REUTERS/CHINA DAILY
The world's top economies
declared on Saturday that they need to look beyond ultra-low interest rates and
printing money to shake the global economy out of its torpor, while renewing
their focus on structural reform to spark activity.
A communique from the Group
of 20 (G20) finance ministers and central bankers flagged a series of risks to
world growth, including volatile capital flows, a sharp fall in commodity
prices and the potential "shock" of a British exit from the EU.
"The global recovery
continues, but it remains uneven and falls short of our ambition for strong,
sustainable and balanced growth," said the communique, issued at the end
of a two-day meeting in Shanghai.
"Monetary policies
will continue to support economic activity and ensure price stability ... but
monetary policy alone cannot lead to balanced growth."
Faltering growth and market
turbulence have exacerbated policy frictions between major economies in recent
months, and the statement also noted concerns over escalating geopolitical
tensions and Europe's refugee crisis.
The reference to
"Brexit" had not been included in earlier versions of the text,
according a senior official who had seen various drafts, but was added after
British officials pressed for it. Britons will vote in June 23 referendum on
whether to remain in the European Union.
"Our view is that it's
in the national security and economic security of the United Kingdom, of
Europe and of the United States for the United Kingdom to stay in the European
Union," U.S. Treasury Secretary Jack Lew said after the meeting.
VOLATILITY VS FUNDAMENTALS
The G20 ministers agreed to
use "all policy tools – monetary, fiscal and structural – individually and
collectively" to reach the group's economic goals.
Christine Lagarde, managing
director of the International Monetary Fund, said she sensed renewed urgency
among the group's members for collective action, warning that without it there
was a risk that the recovery could derail.
RELATED COVERAGE
·
› The world
should stop relying on U.S. consumers: U.S. Treasury chief Lew
But there was no plan for
specific coordinated stimulus spending to spark activity, as some investors had
been hoping after markets nosedived at the start of 2016. Over the course of
the two-day meeting in Shanghai comments by policymakers made clear the
divergence of views on the way forward.
Finance chiefs had agreed
that "the magnitude of recent market volatility has not reflected the
underlying fundamentals of the global economy", the communique draft said.
To pep up the global
economy, faster progress on structural reforms "should bolster potential
growth in the medium term and make our economies more innovative, flexible and
resilient", it said.
"We are committed to
further enhancing the structural reform agenda," it added.
Divisions have emerged
among major economies over the reliance on debt to drive growth and the use of
negative interest rates by some
central banks, such as in Japan.
Germany had made it clear
it was not keen on new stimulus, with Finance Minister Wolfgang Schaeuble
saying on Friday the debt-financed growth model had reached its limits.
"It is even causing
new problems, raising debt, causing bubbles and excessive risk taking,
zombifying the economy," he said.
The G20, which spans major
industrialized economies such as the United States and Japan to the emerging
giants of China and Brazil and smaller economies such as Indonesia and Turkey,
reiterated in the communique a commitment to refrain from targeting exchange
rates for competitive purposes, including through devaluations.
They pledged to
"consult closely" on foreign exchange markets.
RELATED COVERAGE
·
› IMF's Lagarde
sees renewed sense of urgency to act collectively
·
› Germany's
Schaeuble urges European answer on migrant crisis as scepticism grows
CURRENCY CONCERNS
Jeroen Dijsselbloem,
chairman of euro zone finance ministers, said G20 members had agreed to inform
each other in advance about policy decisions that could lead to devaluations of
their currencies.
G20 host China used the
meeting to try to allay concerns about the world's second-biggest economy, and
Beijing's ability to manage it, that have grown since a market rout and a
surprise devaluation last August.
"Monetary policy will
probably have to be kept appropriately loose, even though people have realized
that its role cannot replace fiscal policy," said China's Finance Minister
Lou Jiwei.
Chinese policymakers
reiterated pledges not to devalue the yuan CNY=CFXS again, and
Premier Li Keqiang told the G20 opening session on Friday there was no basis
for continued depreciation of the yuan.
But there appeared to be
concerns that some members may seek a quick fix to domestic woes through a
weaker currency.
Japan implemented negative
interest rates this month to spur growth, and Bank of Japan governor Haruhiko
Kuroda said he had "fully gained (their) understanding" from G20
ministers about the BOJ's thinking with regard to negative rates as a tool for
escaping the deflation that has dogged its economy for years.
Japanese Finance Minister
Taro Aso said he had urged China to carry out currency reform and map out a
mid-term structural reform plan with a time frame.
"Chinese authorities
need to present a mid-term structural reform plan with concrete schedule and a
package of measures to stabilize yuan, based on recognition that communication
between Chinese authorities and markets has caused market volatility and capital
outflows," he told reporters.
(Reporting by Gernot
Heller, Jan Strupczewski, Adam Jourdan, Brenda Goh and Kevin Yao in Shanghai,
and Tetsushi Kajimoto and William Mallard in Tokyo; Writing by John Ruwitch and
Pete Sweeney; Editing by Alex Richardson)
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Here's Why a Near-Term Yuan Devaluation Is Unlikely Wall Street Journal (blog) - 15 hours ago Amid rising vulnerabilities to the global economy, world financial leaders and investors fear a disorderly depreciation of China's yuan could trigger a much larger global selloff, potentially pushing the global economy back into recession. That's a key ... Grand bargain to rescue global economy seen unlikely at G20 meet Examiner Gazette - 15 hours ago But if monetary nudges are helpful in the short term, we must "in most cases structural reforms" to sustainably boost demand, productivity and job creation, emphasized Alain Serre, an official of the OECD (Organisation for economic co-operation and ... Global stocks rally fizzles on Wall Street MENAFN.COM - 17 hours ago (MENAFN - AFP) US shares ended lower Friday after bourses in Asia and Europe delivered strong gains amid hopes that finance chiefs from the G20 leading economies would act to kickstart growth. Shares on Frankfurt's DAX led the way, closing nearly two ... Indonesia Calls for G20 Commitment to Tax Information Exchange Tempo.co - 17 hours ago Participants pose for the G20 Leaders' Summit family photo in Brisbane (11/15). REUTERS/G20 Australia/Handout via Reuters. HomeEconomy & Business. Saturday, 27 February, 2016 | 09:58 WIB. Indonesia Calls for G20 Commitment to Tax Information ... China seeks to manage economic reform expectations at G20 Daily Times - 18 hours ago SHANGHAI: Chinese policymakers told global financial leaders on Friday the world's second-largest economy remains on a sound footing, while also seeking to manage expectations around the pace of economic reforms in the country. Speaking as the G20 ... Quotes from the meeting of G20 finance ministers and central bank governors China Daily - 18 hours ago The G20 central bankers and finance ministers opened in Shanghai on Friday , concentrating on topics including global growth , infrastructure investment , the reform of global financial governance , restructuring of sovereign debt , global tax ... G-20 Affirms No-Devaluation Pledge, to Consult on Currencies Bloomberg - 18 hours ago Finance chiefs from the Group of 20 agreed to consult closely on foreign exchange markets and reiterated past pledges to refrain from competitive devaluations. The G-20 members agreed to use monetary, fiscal and structural tools to boost growth ... Asia Golf Online - 18 hours ago Mario Draghi (right), president of the European Central Bank, shakes hands with Finance Minister Lou Jiwei as People's Bank of China Governor Zhou Xiaochuan looks on before the opening ceremony of the G20 Finance Ministers and Central Bank ... Chinese Premier urges G20 policy coordination China Daily - 19 hours ago SHANGHAI -- Chinese Premier Li Keqiang on Friday called for closer macroeconomic policy coordination among G20 members against global economic headwinds . " When formulating macroeconomic policies , G20 members need to keep in mind not just ... IMF and G-20 finance chiefs urge reforms Arab News - 20 hours ago Finance officials of of Germany and China sit alongside delegates at the G20 Finance Ministers and Central Bank Governors Meeting in Shanghai on Friday. (AFP Photo). THE ASSOCIATED PRESS. Published — Saturday 27 February 2016. Last update 27 ... Premier Confidence of Tackling Complex Economic Situation CRIENGLISH.com - 20 hours ago Chinese Premier Li Keqiang delivers a video message to the G20 Finance Ministers and Central Bank GOvernors Meeting held in Shanghai on February 26, 2016. [Photo: Xinhua]. Chinese Premier Li Keqiang has expressed the country's confidence in ... 中China clarifies economic policies, reform agenda at G20 meeting ecns - 20 hours ago 国务院总理李克强26日晚向在上海举办的二十国集团(G20)财长和央行行长会议发表视频讲话。 Chinese Premier Li Keqiang speaks in a video message to the G20 Finance Ministers and Central Bank Governors Meeting that opened in Shanghai, east China, ... Business Recorder (press release) (registration) (blog) - 21 hours ago China's yuan eased against the dollar on Friday as the central bank was believed to stay on the sidelines amid a flurry of messages coming out of central bankers and finance ministers from the G20 meeting, traders said. The People's Bank of China set ... Copper hits three-month peak after stronger US data Business Recorder (press release) (registration) (blog) - 21 hours ago Copper prices surged on Friday to their highest level in more than three months as investors hoped for a recovery in metals demand following stronger than expected US economic data and a G20 policymakers meeting. Industrial metals joined rallies in oil ... Business Recorder (press release) (registration) (blog) - 21 hours ago Shanghai Futures Exchange copper fell 0.5 percent to close at 35,840 yuan ($5,483) a tonne on Friday as a gradual ramp up in activity following Lunar New Year was offset by concerns about weakness in the global economy. Premiums for copper in ... China's large capital outflow poses risk to global growth: Christine Lagarde State of the State KS (subscription) - 21 hours ago Chinese Finance Minister Lou Jiwei, center, greets delegates during a session of the G20 High-level Seminar on Structural Reform, on the sidelines of the G20 Finance Ministers and Central Bank Governors Meeting at the Pudong Shangri-la Hotel in ... Chinese economy showing positive signs: Central Bank Arab News - 21 hours ago STIMULUS SOUGHT: US Federal Reserve Board Chairperson Janet Yellen, US Secretary of the Treasury Jack Lew and Britain's Chancellor of the Exchequer George Osborne attend the opening ceremony of the G-20 meeting in Shanghai. (Reuters). Reuters. G20 and 9 More Reasons to Watch Currencies Nasdaq - 22 hours ago If you think this past week was a busy one in the foreign exchange next week is certainly going to be even more active. Between the end of the G20 meeting in Shanghai to next week's China, U.K. and Australian PMI reports along with the Reserve Bank of ... German finance minister: expansive policies may have laid foundation of next crisis Hellenic Shipping News Worldwide - 22 hours ago Germany's Minister of Finance Wolfgang Schaeuble said on Friday that the expansive fiscal and monetary policies implemented by governments to spur growth might have laid the foundation of the next economic crisis. Those debt-financed fiscal policies ... China's Li says G20 must improve policy coordination Hellenic Shipping News Worldwide - 22 hours ago Chinese Premier Li Keqiang said on Friday major economies should be mindful of the spillover effects of their policies, improve their coordination and stand together to “tide over difficulties”. Li, in a video message at the opening session of a ... IMF'S Lagarde Still Sees Growth Even Amid Growing Global Risks Hellenic Shipping News Worldwide - 22 hours ago International Monetary Fund Managing Director Christine Lagarde said she still sees growth intact, even amid growing risks to the global economy. As finance chiefs from the world's 20 biggest economies begin a two-day meeting in Shanghai, Lagarde cited ... Global policymakers debate next steps to keep economy on track Hellenic Shipping News Worldwide - 22 hours ago Global economic policymakers are convening in Shanghai for a G20 meeting of central bank governors and finance ministers. Following are highlights of comments made at the G20 meeting and related events: LI KEQIANG, CHINA PREMIER:. |
China's economic fundamentals remain sound – central bank Hellenic Shipping News Worldwide - 22 hours ago China's economic fundamentals remain sound, the country's central bank said in a statement on Friday as global markets fret over slowing growth in Asia's powerhouse. In a statement handed out at a central bank press conference held on the sidelines of ... US Stocks Back to Flat as Oil Price Pares Gains New York Times - Feb 26, 2016 NEW YORK — U.S. stocks were flat to lower in mid-afternoon trading Friday as encouraging economic news in the U.S. was weighed down by the price of oil, which has turned lower. Stocks were still on pace to be up for the second straight week, however. China upbeat on growth and ability to manage risks The Straits Times - Feb 26, 2016 Chinese Premier Li Keqiang delivering a message relayed on video screens to delegates at the G20 Finance Ministers and Central Bank Governors meeting on Feb 26, 2016. PHOTO: AFP. Published. 10 hours ago. Facebook Twitter WhatsApp Email More. China 'able to manage risks and grow' The Straits Times - Feb 26, 2016 Minister Lou Jiwei (left) and China's central bank governor Zhou Xiaochuan (centre) and People's Bank of China Deputy Governor Yi Gang (right) attending the opening ceremony of the G20 finance ministers and central bank governors meeting in Shanghai, ... Getting the boom back, amid gloom The Straits Times - Feb 26, 2016 Economists and market watchers debated the worrying state of the global economy and shared their insights. Here are some excerpts from Asia News Network papers: Cheap money doesn't buy growth. Zhu Qiwen China Daily, China. The G-20 Finance ... Copper Surges on Signs of Further Stimulus in China Wall Street Journal - Feb 26, 2016 Copper futures jumped Friday after China's central bank guided the country's currency downward in the world's largest consumer of the industrial metal and suggested there was room for more monetary measures to boost its economy. Copper futures settled ... Germany opposes fiscal stimulus at G20 meeting Gulf Times - Feb 26, 2016 From left: World Bank managing director Sri Mulyani Indrawati, moderator Yingyi Qian, Chinese Finance Minister Lou Jiwei, German Finance Minister Wolfgang Schaeuble, IMF first deputy director David Lipton and Breugel director Guntram Wolff during a ... China talks up growth agenda amid lack of wider policy unity Gulf Times - Feb 26, 2016 Attendees listen to a speech by Chinese Premier Li Keqiang shown on a screen during the opening ceremony of the G20 finance ministers and central bank governors meeting in Shanghai yesterday. Li urged greater global co-ordination and consideration of ... Live Trading News - Feb 26, 2016 Global stock markets rallied Friday, helped by firmer oil prices, as finance ministers and central bankers from the world's leading economies gathered to discuss recent financial turmoil. As G20 ministers met in Shanghai, markets were awaiting the ... Sustainable growth set to be a key issue Shanghai Daily (subscription) - Feb 26, 2016 China's Minister of Finance Lou Jiwei makes the opening speech at the G20 Finance Ministers and Central Bank Governors Meeting in Shanghai. Xinhua. CHINA sought to restore confidence in its economy as financial leaders from G20 nations gathered in ... China will be 'more considerate' when formulating economic policy Shanghai Daily (subscription) - Feb 26, 2016 CHINA still has room for multiple monetary policy instruments to address downside risks, the head of its central bank said yesterday, hinting at further moves to steady the markets and reinforcing his commitment to financial reform. “We should make ... Growth and Brexit top agenda at G20 finance meeting euronews - Feb 26, 2016 How to respond to weakening global growth and the political and economic implications if Britain were to leave the European Union are the two big talking points for financial leaders from the world's 20 biggest economies who have been meeting in ... US, global stocks rise on US economic data, China pledge Voice Of Alexandria (press release) (registration) - Feb 26, 2016 NEW YORK (AP) — U.S. and global stocks rose modestly in early trading Friday, on track for a second straight weekly gain, helped by encouraging economic news in the U.S. and word from China that the country won't devalue its currency further to make ... Asia markets rally as G20 meet begins Gulf Times - Feb 26, 2016 Pedestrians look at a share prices board in Tokyo. The Nikkei 225 closed up 0.93% at 16,290.53 points yesterday. Text Size: A A A. AFP/Tokyo. Asian stocks rallied yesterday, after gains in equities around the world lifted the mood hours before a ... METALS-Copper hits three-month peak after stronger US data Reuters - Feb 26, 2016 ... * U.S. consumer spending up, Q4 GDP revised higher. * Aluminium touches highest levels since October. * Thin liquidity makes for choppy markets. * Eyes on G20 policymakers meeting in Shanghai (Updates with closing prices). By Pratima Desai and Eric ... RI calls for G20 commitment to tax information exchange ANTARA - Feb 26, 2016 Shanghai (ANTARA News) - Indonesia has called for the commitment of G20 economies to automatic sharing of taxation and financial transaction data at a meeting of the groups finance ministers and central bank governors in Shanghai on February 26-27. IMF nervous over EU referendum and global slowdown Re:locate Magazine - Feb 26, 2016 Christine Lagarde, the head of the International Monetary Fund, has warned that both the UK and the European Union would suffer in the event of a vote in favour of a Brexit in the June referendum. IMF website. David Sapstead. David Sapsted. 26 February ... China central bank head says China has more room to support economy State of the State KS (subscription) - Feb 26, 2016 Notably rejected in comments from Finance Minister Lou Jiwei published Thursday was a proposal that emanated from some private-sector analysts for a grand, 1985 Plaza Accord-style deal among G-20 members to guide exchange rates. Investors are ... IMF chief stresses structural reforms State of the State KS (subscription) - Feb 26, 2016 But the gloomy outlook for the global economy has added to pressure on both governments and central bankers to unleash fresh monetary firepower to help stimulate growth and reassure investors. But other ministers suggested that structural reforms were ... Global Economic Bullet Train – The Shanghai Expressionless ValueWalk - Feb 26, 2016 Released at the height of the Great Depression, The Shanghai Express was a welcome departure from the economic ravages that had so scarred America. The 1932 runaway hit eclipsed even Grand Hotel at the box office and proved to be the pinnacle of ... Indecision Leads the Agenda at the G20 Finance Summit Fortune - Feb 26, 2016 As the global economy cools. China sought to restore confidence in its economy as financial leaders from G20 nations gathered in Shanghai on Friday, and Premier Li Keqiang urged greater global coordination and consideration of policy spillovers. China has more room to support economy: China central bank head State of the State KS (subscription) - Feb 26, 2016 Policymakers and business leaders have gathered in Shanghai, before the G20 finance ministers and central bank governors' meetings. Global economic malaise and wobbly markets overshadow the meeting of the finance minister and central bank ... People's Bank of China Tweaks Monetary Stance Press Release Rocket - Feb 26, 2016 Feb. 26 — People's Bank of China Governor Zhou Xiaochuan highlighted the potential for further actions if needed from the central bank as it tweaked the description of its monetary policy stance. Bloomberg's David Ingles has details on “Bloomberg ... Chinese finance minister calls for structural reform of G20 Xinhua - Feb 26, 2016 SHANGHAI, Feb. 26, 2016 (Xinhua) -- Chinese Finance Minister Lou Jiwei (C) addresses the opening ceremony of the G20 Finance Ministers and Central Bank Governors Meeting in Shanghai, east China, Feb. 26, 2016. (Xinhua/Li Xin). SHANGHAI, Feb. Germany rejects a call for a G20 coordinated stimulous New Europe - Feb 26, 2016 German Finance Minister Wolfgang Schaeuble (C) delivers a statement as Chinese Finance Minister Lou Jiwei (L) and International Monetary Fund (IMF) First Deputy Director David Lipton (R) listen on during a session of the G20 High-level Seminar on ... China Facing Pressure to Reassure on Economy at G-20 Meeting State of the State KS (subscription) - Feb 26, 2016 Since then, investors have complained that the Chinese central bank's communication strategy is too secretive, a concern the PBOC has attempted to publicly allay. US Treasury Secretary Jacob Lew has said G20 finance ministers will not deliver an ... Berlin against G20 stimulus package Taipei Times - Feb 26, 2016 Germany is against the world's top 20 economies launching a fiscal stimulus package in the face of slowing global growth, it said yesterday as major financial powers disagreed on the best approach. Government attempts to boost their economies with ... G20, It's Time to Goose Global Economic Growth TheStreet.com - Feb 26, 2016 Almost daily, we hear how global central bankers are out of ammo, and although that maybe true, what is even scarier is if the People's Bank of China (PBOC) is out of bullets, as some economists and market-watchers are saying. The G20 meeting is ... At G-20, China Aims to Take Worries Off Its Currency Nasdaq - Feb 26, 2016 SHANGHAI—As global financial heavyweights gathered in this financial city to tackle an array of weaknesses in the global economy, China's government attempted to reduce a key anxiety with forceful messaging aimed at restoring confidence in its currency. Global stocks rise with eyes on G20 growth push Hellenic Shipping News Worldwide - Feb 26, 2016 Stock markets inched higher for the third day in five on Friday as G20 policymakers meeting in Shanghai sought to find common ground on how to reboot a struggling global economy in the face of renewed financial and political risks. Another day of ... |
Global stocks rise with eyes on G20 growth push Hellenic Shipping News Worldwide - Feb 26, 2016 Stock markets inched higher for the third day in five on Friday as G20 policymakers meeting in Shanghai sought to find common ground on how to reboot a struggling global economy in the face of renewed financial and political risks. Another day of ... G20: Market rally continues, as US GDP growth better than expected - as it happened The Guardian - Feb 26, 2016 Another indicator that a US rate rise could come sooner than expected comes with a bigger than expected rise in consumer spending. The Commerce Department said consumer spending climbed by 0.5% in February, compared to expectations of a 0.3% ... China Says They Have No Reason for Further Yuan Depreciation Moneyshow.com (registration) - Feb 26, 2016 However, China has broken its promise before, so Michael Berger of Technical420.com maps out the reasons behind why many leaders feel the market would benefit from more communication—and clearer communication—from China. The markets have ... Weekly Focus: All Eyes on China and the US Labour Market Report Action Forex - Feb 26, 2016 On the global scene, the G20 meeting in Shanghai started today and will run over the weekend. The meeting will be very interesting in light of the recent market turmoil and the concerns about global economic growth and central bank fatigue (see Market ... China, South Korea to Launch Direct Trading of Yuan/Won Jakarta Globe - Feb 26, 2016 China and South Korea agreed on Friday to launch direct trading of their currencies within China by the end of June, saying this will expand trade and investment. (Reuters Photo/Kim Kyung Hoon). By : Beijing Monitoring Desk | on 9:43 PM February 26, 2016 US market extends gains, follow global shares higher Daily Mail - Feb 26, 2016 NEW YORK (AP) — U.S. stocks opened higher and remained on track for a second straight weekly gain on encouraging economic news in the U.S. and word from China that the country won't devalue its currency to make its exports more competitive. Markets ... Currency Watchers Wary of Shanghai Meeting Baystreet.ca - Feb 26, 2016 Finance Ministers of the G20 are meeting in Shanghai today and investors are looking for signals for them to bolster global growth. German Finance Minister Wolfgang Schaeuble was quick to pour some cold water on hopes for extra stimulus saying that the ... IMF chief urges worldwide structural reforms Shanghai Daily (subscription) - Feb 26, 2016 SHANGHAI, Feb. 26 (Xinhua) -- International Monetary Fund (IMF) chief Christine Lagarde has urged other countries to implement structural reforms along with China to strengthen their and the world's economies. "China is not the only economy in need of ... Zhou Speaks, Markets Calm and China's Policy Fog Begins to Lift Bloomberg - Feb 26, 2016 Throughout much of China's stock market storm in January, People's Bank of China Governor Zhou Xiaochuan seemed to have dropped out of sight. It fell to underlings to comment on the panic selling at the Shanghai and Shenzhen stock exchanges and ... China to Boost Growth With Flexible Approach to Stimuli, Reform Sputnik International - Feb 26, 2016 Chinese authorities vowed to stabilize the renminbi FX rate and only attempt a gradual increase in monetary stimulus in a decision which was cheered on by the markets; however, as the progress of structural reform remains rather slow and the details ... G20 officials urge to speed up job-creating reforms Financial Express Bangladesh - Feb 26, 2016 Shanghai, Feb 26: Officials at a global finance meeting Friday in Shanghai urged governments to speed up promised job-creating reforms instead of relying on stimulus to perk up slackening growth. Governments tried to squelch expectations the Group of ... PBoC's Zhou dismisses talk of renminbi devaluation FX Week (subscription) - Feb 26, 2016 China's governor says the country is “opposed” to competitive devaluation and capital outflows are likely to subside People's Bank of China (PBoC) governor Zhou Xiaochuan has sought to allay fears of a renminbi devaluation, suggesting the country's ... Copper Bounces with Stocks, Gold Solidifies amid Market Volatility ForexTV.com - Feb 26, 2016 Oil rallied and copper bounced as risk returned in anticipation of easing at G20. Gold held up firmly with inflows from tumultuous market. Talking Points: Gold persistently climbed with interests coming from high market volatility; Oil recovered on ... G-20 Meeting In China Highlights Challenges Of Finding Coordinated Response To Global Economic Woes International Business Times - Feb 26, 2016 zhou xiaochuan China's central bank governor Zhou Xiaochuan attends a news conference ahead of the meeting of G20 finance ministers and central bank governors in Shanghai, China Feb. 26, 2016. Photo: Aly Song/Reuters. SHANGHAI — The opening ... Germany against G20 stimulus as ministers meet gulfnews.com - Feb 26, 2016 World Bank President Jim Yong Kim, left, and German Finance Minister Wolfgang Schaeuble, right, attend the G20 Finance Ministers and Central Bank Governors Meeting in Shanghai, China, Friday. Published: 18:12 February 26, 2016 Gulf News. AFP. Five Things You Need to Know to Start Your Day Bloomberg - Feb 26, 2016 China hints at more stimulus, RBS plummets after reporting (another) loss, and the G20 meeting of finance minsters begins. Here are some of the things people in markets are talking about today. MARKET & ECONOMICSLondon midday: Stocks gain as oil prices rise, China hints at further stimulus IFA Magazine - Feb 26, 2016 (ShareCast News) – UK equities edged higher on Friday as oil prices rebounded and China's central bank hinted at the prospect of further stimulus measures. The People's Bank of China Governor Zhou Xiaochuan said there were more tools in the central ... Germany against G20 fiscal stimulus package GlobalPost - Feb 26, 2016 Germany is against the world's major economies launching a fiscal stimulus package in the face of slowing global growth, its finance minister said Friday, setting the stage for a disagreement with the United States. Government attempts to boost their ... US, European shares up despite China slide GlobalPost - Feb 26, 2016 US and European stocks rebounded strongly Thursday, shrugging off a plunge in Chinese markets as investors awaited a key meeting of finance ministers to discuss strains in the global economy. London's benchmark FTSE 100 index led the way, rising 2.5 ... In China Stock Roundup, NetEase Beats on Earnings, Vipshop Misses MicroCap Magazine - Feb 26, 2016 Markets endured yet another week of volatility, marked by significant gains and steep losses. The Shanghai Composite Index increased on Monday following speculation that the new chief of China's Securities Regulatory Commission will put in place ... G20: leaders split on how to kick-start global growth Telegraph.co.uk - Feb 26, 2016 Global finance chiefs laid bare their differences over how to revive the economy on Friday as analysts warned that "policy paralysis" would spark fresh market turmoil. As George Osborne, the Chancellor, said the risks facing the world were at their ... G20 finance ministers meeting underway in Shanghai Arirang News - Feb 26, 2016 Finance ministers and central bank chiefs of the G20 have gathered in Shanghai where China's economy is a major focus. Beijing seeks to restore confidence in its economy, and the governor of China's central bank told other nations on the sidelines of ... Amid lack of wider policy unity, China talks up growth agenda at G20 MicroCap Magazine - Feb 26, 2016 China sought to restore global confidence in its economy on Friday as financial leaders from G20 nations gathered in Shanghai against a backdrop of worsening economic conditions and a lack of wider consensus on how to fix the problems. While the health ... Asia shares nudge up as G20 talks, oil holds gains reassured comments MicroCap Magazine - Feb 26, 2016 Asian shares made guarded gains on Friday as a gathering of world finance leaders provided a welter of reassuring comments, but little in the way of actual policy stimulus. Spreadbetters expect the positive momentum to extend to Europe, forecasting a ... Chinese premier says no basis for yuan's persistent fall Nikkei Asian Review - Feb 26, 2016 BEIJING (Kyodo) -- Chinese Premier Li Keqiang said Friday there is "no basis" for the yuan's persistent depreciation as financial leaders of the world's 20 leading economies kicked off a two-day meeting in Shanghai amid recent turbulence in global ... People's Bank of China: Pace may vary but reforms will continue La prensa - Feb 26, 2016 Chinese Finance Minister Lou Jiwei, speaks during a session of the G20 High-level Seminar on Structural Reform, preceding the G20 Finance Ministers and Central Bank Governors Meeting at the Pudong Shangri-la Hotel in Shanghai, China, 26 February ... International Business Times - Feb 26, 2016 RTX28HV1 Workers load imported goods at a port in Nantong, Jiangsu province, Feb. 24, 2016. Photo: REUTERS/China Daily; GettyImages-512141714 This picture taken on Feb. 24, 2016, shows job seekers looking at job postings at a recruitment fair in ... China's Premier Li Keqiang says G-20 countries must improve policy coordination The Straits Times - Feb 26, 2016 SHANGHAI (Reuters) - Chinese Premier Li Keqiang said on Friday (Feb 26) that major economies should be mindful of the spillover effects of their policies, improve their coordination and stand together to "tide over difficulties". Mr Li, in a video ... S. Korean fin. minister, Chinese cen. bank governor agree to open won-yuan direct trade in China Yonhap News - Feb 26, 2016 SHANGHAI, China, Feb. 26 (Yonhap) -- South Korea's finance minister on Friday reached an agreement with the Chinese central bank governor to open the won-yuan direct trade market in China later this year in a bid to boost bilateral economic cooperation. (G20) Lou Jiwei calls for removal of trade barriers Hong Kong Standard - Feb 26, 2016 China's finance minister suggested that structural reform was the best way to sustain economic growth in G20 countries. Structural reform is crucial to a robust, balanced and sustainable economy, with governments working on coordinated top-down design, ... |
Asian shares rally as G20 meeting begins The Manila Times - Feb 26, 2016 HONG KONG: Asian stocks rallied on Friday after China's central bank chief said Beijing still has enough monetary firepower to keep the world's second-largest economy on track, as G20 ministers gathered in Shanghai. Global equities looked set for their ... China Won't Use 'Competitive Devaluation,' Official Says Nasdaq - Feb 26, 2016 SHANGHAI—China's top central banker sought to reassure China's trading partners that Beijing won't drastically weaken the Chinese currency and that Beijing has sufficient tools to support the economy. "China won't use competitive devaluation to ... China central bank chief seeks to reassure on yuan, growth THE BUSINESS TIMES - Feb 26, 2016 [SHANGHAI] There is no reason for China's yuan currency to keep falling and Beijing has more room to boost the world's second-largest economy, the governor of its central bank said Friday as he sought to reassure markets. The comments by Zhou ... Further monetary and fiscal stimulus still possibl London South East (registration) (blog) - Feb 26, 2016 (ShareCast News) - China´s central bank had tools left in its toolbox should they become necessary, the monetary authority´s chief said on Friday. Speaking at a conference in Shanghai, before the start of the G-20 finance ministers' meeting, People´s ... IMF tells G20 fragile global economy needs urgent policy response Public Finance International - Feb 26, 2016 The global economy's recovery is at higher risk of being derailed ramping up the need for a broad-based and balanced policy response, the International Monetary Fund has warned. In a note to be prepared for G20 finance ministers and central bank ... CEO Daily: Friday, February 26 Fortune - Feb 26, 2016 CEO Daily. Is globalization in retreat? That's the fear I hear from U.S. business leaders these days, as Donald Trump competes with Democratic candidates in his opposition to trade agreements, and keeps adding footage to his “great” wall on the ... China to maintain prudent monetary policy China Daily - Feb 26, 2016 SHANGHAI -- China will continue its prudent monetary policy , the head of the central bank said on Friday . China will not " overly " base its macroeconomic polices on exterior economic performance or capital flow , said Zhou Xiaochuan , governor of ... China's slowing economy tops G20 agenda Deutsche Welle - Feb 26, 2016 China's slowing economy tops the agenda at the G20 conference in Shanghai. Global financial leaders are urging China to carry out structural reforms instead of relying on further fiscal stimulus to boost growth. International Markets Rise as G20 Summit Kicks Off Fortune - Feb 26, 2016 International stock markets gained for the third day in five on Friday. Stock markets gained for the third day in five on Friday as G20 policymakers meeting in Shanghai sought common ground on how to reboot a struggling global economy in the face of ... Exports? Fine. Outflows? Normal - says China's central bank chief Fortune - Feb 26, 2016 The central banker offered assurances ahead of this weekend's G20 meeting in Shanghai. Ahead of a meeting with his G20 counterparts in Shanghai today, China's central bank governor broke his lengthy public speaking silence to assure the world: 1) ... Germany's Schaeuble says little room left for more monetary stimulus StreetInsider.com - Feb 26, 2016 German Finance Minister Wolfgang Schaeuble speaks on his mobile phone as he takes part in a European Union finance ministers meeting in Brussels, Belgium, February 12, 2016. REUTERS/Yves Herman. SHANGHAI (Reuters) - Germany's finance ... G20: faces up against the task of evading global monetary disorder News Ghana - Feb 26, 2016 The Chinese city of Shanghai will welcome finance ministers and central bank governors for the first major meeting of G20 this year on Friday and Saturday. It should avoid being just a talk show. G20 El G-20 lo conforman las ocho economías más fuertes ... China reassures G-20 gathering on yuan devaluation BDlive - Feb 26, 2016 FALLING: A clerk counts 100-yuan banknotes. The currency lost 1.5% to the dollar in onshore trading last week. Picture: REUTERS/KIM KYUNG-HOON. Related articles. JSE follows stronger Asian markets · China reassures market on yuan ahead of G-20 ... Asian Indices Post Modest Gains, Investors Look to the G20 Meeting Yahoo Finance UK - Feb 26, 2016 Critical Asian indices were trading on a positive bias on February 26, 2016, as investors looked forward to the policy outcomes from the G20 meeting. It's being held in China. The summit is expected to have a major impact on China (FXI) and the other ... Germany pushes back on calls to ramp up spending to aid global outlook MarketWatch - Feb 26, 2016 SHANGHAI — German Finance Minister Wolfgang Schäuble on Friday rebuffed calls by the U.S. and other global finance officials to ramp up spending amid a darkening global outlook. Some countries from the Group of 20 largest economies are pushing their ... China Unveils Its Deliverables for G-20 — And No Plaza Pact Hellenic Shipping News Worldwide - Feb 26, 2016 China began signaling what its officials plan to present to counterparts at the two-day Group of 20 meeting in Shanghai, laying out a platform for more government spending and renewed pledges of currency stability. Notably rejected in comments from ... Stocks Rally as G20 Meets; RBS Slides 8 Percent NBCNews.com - Feb 26, 2016 European markets traded higher on Friday after a rally on Wall Street overnight following a rise in the oil price, while Royal Bank of Scotland saw shares tumble following disappointing results. The positive open comes as finance ministers from the ... Market Upbeat Ahead Of G20 Meeting Action Forex - Feb 26, 2016 Ahead of the G20 meeting in Shanghai USDCNY FIX was marginally higher at 6.5481. What we are seeing is that the CNY is staying within normal trading range without any dramatic price changes (i.e. devaluation). This controlled exchange rate strategy ... European Markets Continue to Rally, Optimistic Start to G20 Meeting Market Realist - Feb 26, 2016 The rally in major European markets (HEDJ) continued on February 26, 2016. It took cues from the restoration of positive sentiment at the G20 meeting in Shanghai starting on February 26. Policymakers and central bank governors from around the world ... HIGHLIGHTS-Global policymakers debate next steps to keep economy on track Reuters - Feb 26, 2016 (Adds comments from China premier and more quotes from China finmin). SHANGHAI Feb 26 Global economic policymakers are convening in Shanghai for a G20 meeting of central bank governors and finance ministers. Following are highlights of comments ... China stocks rebound as G20 meeting kicks off, down over 3 pct for week Reuters - Feb 26, 2016 HONG KONG Feb 26 China stocks rebounded on Friday as markets took a breather after sharp losses in the previous session, while investors awaited policy messages from Chinese and global leaders gathering in Shanghai for a G20 meeting. The CSI300 ... Chinese shares swing higher (Lead) Web India 123 - Feb 26, 2016 Chinese stocks finished upbeat Friday following a series of swings, trimming some of the previous day's losses. The benchmark Shanghai Composite Index gained 0.95 percent to close at 2,767.21 points while the smaller Shenzhen index edged up 0.24 ... Schäuble rejects coordinated stimulus at G20, with China under pressure Deutsche Welle - Feb 26, 2016 Finance ministers and central bankers from the G20 are at odds over the medicine needed to boost the world's ailing economies. Germany rejects a stimulus, but others say it should be part of a mix that includes reforms. G20 meeting, Feb. 26, 2016 ... Asia shares nudge up as G20 talks, oil holds gains VietNamNet Bridge - Feb 26, 2016 Asian shares made guarded gains on Friday as a gathering of world finance leaders provided a welter of reassuring comments, but little in the way of actual policy stimulus. Asia shares, oil, Shanghai stocks, share markets. A man (3rd L) looks at an ... Futures, Global Stocks Rise with Eyes on G20 Growth Push Fox Business - Feb 26, 2016 As of 6:00 a.m. ET, Dow Jones Industrial Average futures were 130points higher, or 0.78% to 16802. S&P 500 futures gained 16 points, or 0.81% to 1966, while Nasdaq 100 futures added 40 points, or 0.94% to 4284. Continue Reading Below. (The following ... Are global politicians hatching a grand plan in China? MoneyWeek - Feb 26, 2016 In spring 2009, global central banks got together to slash interest rates and print money and generally “save” the world. Today, the world's finance ministers are meeting in Shanghai, and plenty of people are hoping that they'll pull a rabbit out of ... In Rare Appearance, China's Central Bank Chief Says All Is Well New York Times - Feb 26, 2016 SHANGHAI — For the second time since last summer, an avuncular, graying man has stepped out of Beijing's shadows and calmed financial markets after a Chinese devaluation — but once again, his assurances came after nearly a month of turmoil and ... Shanghai G20 meeting gets underway Seeking Alpha - Feb 26, 2016 Finance ministers and central bank governors from the world's leading economies have gathered in Shanghai for a G20 meeting to discuss a response to the darkening global economic landscape. Among the many issues facing them is the plunge in ... Risk-off sentiment dominates A-share markets after Thursday's plunge South China Morning Post (subscription) - Feb 26, 2016 Risk-off sentiments dominated China's A-share markets on Friday, despite regulators' clarifying their stance after rumours of a rising supply of new shares saw the benchmark index plunge by more than 6 per cent on Thursday. The benchmark Shanghai ... Dollar Dominant in Yuan's Basket-Peg System: China Central Bank Chief Daily News - Feb 26, 2016 The greenback plays the biggest role in a group of currencies against which China's central bank pegs the yuan, Governor Zhou Xiaochuan confirmed on Friday. “The U.S. dollar is still the most important currency in the basket,” Zhou said at a press ... |
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