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.
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.
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.
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.
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.
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.
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.
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.
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.
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.