G20
G20 hopes for progress on EU debt crisis - Carstens
MEXICO CITY - Group of 20 policymakers are hoping for a signal this weekend that Europe will boost crisis funding, smoothing the way for a deal to increase International Monetary Fund resources, the head of Mexico's central bank said on Wednesday.
G20 plots course on reining in "shadow banks"
LONDON - Policymakers from the world's top economies meet this weekend in Mexico City to begin finding common ground to tackle the world's economic challenges, which include reining in a $60 trillion financial sector on the fringe of mainstream banking.
Europe's debt crisis set to dominate G20 talks
MEXICO CITY - Europe's debt crisis will dominate talks between Group of 20 (G20) policymakers this weekend as the rest of the world looks for pledges that the euro zone will boost its crisis safety net.
EU leaders to ask G20 to back higher IMF funds
BRUSSELS - European Union leaders will call at a summit next week for the world's 20 biggest economies (G20) to agree in April to substantially boost funds available to the International Monetary Fund, draft conclusions of the meeting showed.
Timeline - Second financing package for Greece
BRUSSELS - Euro zone finance ministers are expected to approve a second financing package for Greece on Monday, which aims at reducing Greek debt towards 120 percent of gross domestic product by 2020 from 160 percent now.
Greece and the bridge of fools
- The isosceles theorem put forward by the Greek mathematician Euclid became a test in medieval times of one's ability to master more difficult matters. Greece this week faces such a test.
ECB would support euro zone combining firewalls - Asmussen
BERLIN - The European Central Bank would support the euro zone boosting its firewall by combining what remains in its temporary bailout facility with its permanent fund, ECB board member Joerg Asmussen was cited as saying by a German business daily.
EU eyes curbs to rein in shadow banking
LONDON - Financial operators on the fringes of the traditional bank system could be made to hold more capital and mainstream banks forced to limit exposure to risk in the $60 trillion (38.07 trillion pound) shadow banking sector, a draft EU paper showed.
Highlights - Recovery faces substantial headwinds - Bank's King
LONDON - Bank of England governor Mervyn King said during the quarterly media conference to present the Bank's inflation report that Britain's economic recovery faced substantial headwinds.
China to keep investing in euro zone debt
BEIJING - China will continue to invest in euro zone government debt and it remains confident in the euro, the country's central bank governor said on Wednesday, while calling on Europeans to produce more attractive investment products for China.
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