China faced renewed pressure at this weekend’s G20 summit Toronto, Canada, after a draft said: “Emerging surplus economies will undertake reforms tailored to country circumstances to… enhance rate flexibility.”
Beijing has previously ruled out a one-off appreciation of its currency and has previously...
Posted to
Finance
on 06-28-2010
Filed under: All Financial News, Economy News, flexibility, Barack Obama, Yuan, G20, China, summit, currency, level, pressure, peg, strongest, 2005
This weekend’s G20 summit, held in Toronto, Canada, saw more than 400 protesters arrested.
Four police cars were set alight, while shop windows were broken with baseball bats and hammers, according to reports.
Similar protests have occurred during the summit in past years and this year was no different...
Posted to
Finance
on 06-27-2010
Filed under: All Financial News, Economy News, US, Debt News, deficit, warning, flexible, G20, China, growth, summit, currency, cuts, protestors
In many ways, the argument over the right way to support the global recovery here at the G20 summit in Toronto is the mirror image of the debate at the London Summit last year . Back then the argument was that governments needed to act together to prevent another Great Depression. Now the worry is that...
Posted to
Economics
on 06-26-2010
Filed under: G20
The Bank of England’s semi-annual Financial Stability Report, which has been published today, warned that UK banks are still at risk as a result of the euro zone debt crisis.
While the report praised the €750 billion rescue package, agreed by the European Union and the International Monetary Fund...
Posted to
Finance
on 06-25-2010
Filed under: All Financial News, euro zone, Economy News, UK, Bank of England, G20, summit, Timothy Geithner, G8, Financial Stability Report, pressures, Toronto