G20

Bank of England hints at size of new bond buffer for big banks

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LONDON - Britain's biggest banks, such as Barclays and HSBC , will need to build up a buffer of loss-absorbing bonds at least as big as the capital they already hold to cushion against shocks, according to a senior Bank of England official.

Banks to provision earlier on bad loans under new global rule

LONDON - Banks must provision for souring loans much earlier under an international rule published on Thursday that will take effect in 2018, a decade after a global financial crisis the accounting reform seeks to stop recurring.

Business, 24 Jul 2014

Obama: Russia must press Ukraine rebels to allow plane probe

WASHINGTON - U.S. President Barack Obama piled pressure on Russian President Vladimir Putin on Monday to force pro-Russian separatists in Ukraine to stop blocking an international investigation into the downing of a passenger jet last week.

World, 21 Jul 2014

Tough Indian stance taking global trade pact down to the wire

SYDNEY - Efforts to assuage Indian concerns about a landmark global trade pact appear to have failed, sources involved in the discussions said on Monday, setting off a frantic rush to win its support before a Thursday deadline.

Business, 21 Jul 2014

Angry Australia PM says Ukraine crash probe resembles 'garden clean-up'

SYDNEY - Australia's prime minister voiced deep concern on Monday that Russian-backed rebels remained in control of the crash site of a Malaysian airliner shot down over Ukraine, saying the site looked more like a "garden clean-up" than a forensic investigation.

Angry Australia PM says Ukraine crash probe resembles 'garden clean-up'

SYDNEY - Australia's prime minister voiced deep concern on Monday that Russian-backed rebels remained in control of the crash site of a Malaysian airliner shot down over Ukraine, saying the site looked more like a "garden clean-up" than a forensic investigation.

Concerns mount over India's stance on global trade pact

SYDNEY - Eleventh hour negotiations to win Indian approval for a breakthrough global trade pact may not have succeeded in the end despite initial signs of progress, sources involved in the discussions said on Saturday.

Business, 19 Jul 2014

Australian PM points finger at Russia over downed Malaysian plane

SYDNEY - Australian Prime Minister Tony Abbott blamed Russia on Friday for the shooting down of a Malaysia Airlines passenger jetliner over eastern Ukraine that killed all 298 people on board.

Global business leaders put trade, infrastructure proposals to G20

SYDNEY - World leaders must immediately ratify a pact to lower trade barriers, establish a global "infrastructure hub" to arrange and prioritise projects and agree to rules on stopping corruption, business leaders said on Friday.

Business, 18 Jul 2014

Downing of Malaysian plane 'unspeakable crime' if proven - Australia's Abbott

SYDNEY - Australian Prime Minister Tony Abbott said that if the downing of a Malaysian airliner over eastern Ukraine was a deliberate act, then "it is an unspeakable crime" and the perpetrators must be swiftly brought to justice.