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Bangkok, Oct. 15 (Jiji Press)--Finance ministers and central bank chiefs from the Group of 20 major economies met in Bangkok on Thursday to discuss ways to address rising inflation as crude oil prices remain high amid turmoil in the Middle East. Participants also discussed coordinating their policies to stabilize financial markets in light of a global rise in long-term interest rates, fuele...
Officials meet in Thailand as conflict drives energy prices higher and casts uncertainty over global economy.
The G-20 Common Framework, a global toolkit to help poorer nations avoid chaotic defaults faces a fresh test in Senegal. Amid mounting debt strains, the nation plans to use an improved version of the framework to secure a fair distribution of relief across creditors in what will be seen as a key test of its effectiveness. Bloomberg's Matthew Hill reports from the annual IMF & World Bank meeting in Bangkok. (Source: Bloomberg)
A “handful” of Group of 20 trade ministers rejected US calls to curb excess industrial capacity and “non-market” policies, the US Trade Representative’s office said on Friday, exposing divisions within the group of major economies. The US, this year’s G20 chair, issued the statement a day after a trade meeting in Milwaukee that revealed that only two countries – Mexico and Argentina – signed on to a US-led statement calling for more work and cooperation to eliminate goods produced with forced...
Washington, Oct. 2 (Jiji Press)--Several economies opposed efforts to tackle the issue of overproduction at a meeting in Milwaukee, Wisconsin, of trade ministers from the Group of 20 advanced and emerging economies, according to the chair's statement released by the Office of the U.S. Trade Representative on Friday. A draft G20 ministerial statement to address structural excess capacity and...
G20 trade ministers failed to agree on tackling excess industrial capacity and eliminating forced labour from supply chains, US Trade Representative Jamieson Greer said Thursday. Speaking during talks in Milwaukee, Greer highlighted overcapacity, a criticism often directed at China, which rejects it. The United States holds this year's rotating presidency.
United States Trade Representative Jamieson Greer said on Thursday that there is no timeline yet for implementing the US-China Board of Trade, one of the key economic outcomes of Chinese President Xi Jinping’s state visit to Washington last week. Speaking on the sidelines of the Group of 20 Trade Ministers’ meeting in Milwaukee, Wisconsin, Greer said the tariff reductions under the mechanism were “a policy outcome” and that the recommendations would have to go through a legal process before...