China should clearly explain policies to markets - U.S. Treasury

WASHINGTON - The Obama administration on Tuesday urged China to carefully explain its policy changes to financial markets and to shift its economic focus toward consumer spending so that its economy can keep growing.

Turkey's G20 presidency becomes casualty of political turmoil

ANKARA - When Turkey took over the helm of the G20 this year, it hoped to promote an image of an emerging economic power forging a strategy to tackle sluggish global growth and giving low-income nations a stronger voice.

World, Middle East 01 Sep 2015

Japan finmin Aso says will discuss China economy at G20

TOKYO - Japanese Finance Minister Taro Aso said on Tuesday it would be beneficial for this week's meeting of the Group of 20 major economies to discuss what is going on in China's economy.

Business, Japan 01 Sep 2015

China cuts rates, reserve ratio after stocks plummet again

SHANGHAI/BEIJING - China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe.

Can't rule out more turbulence from China - Austrian Finance Minister

SALZBURG, Austria - Further turbulence from China cannot be excluded in the next few months, Austrian Finance Minister Hans Joerg Schelling said on Tuesday and his German counterpart Wolfgang Schaeuble said the situation in China and Brazil would be discussed by G20 nations.

Business, FXpert 25 Aug 2015

Climate boss says EU can only back a strong Paris deal

BRUSSELS - The European Union will support a U.N. deal to cap global warming only if the agreement is legally binding and includes regular reviews to ensure words translate into deeds, Europe's climate boss said on Thursday.

World, 20 Aug 2015

Global tagging system proposed for derivatives trades

LONDON - Global regulators and central bankers have proposed a common tagging system for off-exchange derivatives transactions to spot more easily which banks could be at risk in a market crisis.

Business, 19 Aug 2015

Turkey's AK Party eyes early election as polls show rising support

ANKARA - Expectations of a snap election in November are growing within Turkey's ruling AK Party, officials say, with its leadership emboldened by recent opinion polls and looking increasingly cool to the idea of a coalition government.

World, Middle East 12 Aug 2015

Japan finance minister - TPP is not a place to negotiate currencies

TOKYO - Japanese Finance Minister Taro Aso dismissed on Friday a call to set up a forum within the Pacific free trade negotiations to stop countries from manipulating exchange rates.

Business, World, Japan, 31 Jul 2015

Banks fail to persuade regulators to dilute new buffer rules

LONDON - Rules will soon be finalised forcing the world's top banks to hold enough liquid assets to cover between 16 and 20 percent of their liabilities, after industry lobbying failed to persuade regulators to relax the plan.

Business, 28 Jul 2015



Global GDP comparison

A graphical look at the world's top economies by size and per-capita production.  Interactive