Bank regulation takes back seat to kick-starting economy


LONDON/FRANKFURT - As the banking crisis fades in memory, only to be replaced by a lingering economic slowdown, governments are losing interest in financial reform despite warnings that dangers still lurk.

BoE's Furse - markets more vulnerable to shocks as liquidity shrinks

LONDON - Markets are less active and therefore less able to absorb shocks and fund growth now that tougher capital rules have forced banks to cut back on trading, a senior Bank of England policymaker said on Wednesday.

Business, 11 Feb 2015

EU's Juncker steps up contacts with Greece, scant progress so far

ATHENS/BRUSSELS - European Commission President Jean-Claude Juncker stepped up contacts with Greece's new leftist leader on Tuesday to try to bridge differences on the country's debt crisis but EU officials cautioned against expecting any breakthrough this week.

Business, 10 Feb 2015

Euro zone, Greece face off as markets take fright

ATHENS/ISTANBUL - Greece and its euro zone partners engaged in brinkmanship on Monday, with leftist Prime Minister Alexis Tsipras insisting his country would not extend its reform-linked bailout and Germany saying it would get no more money without such a programme. | Video

Business, World, 10 Feb 2015

Finance chiefs vow action to bolster growth at G20 meet, Greece weighs

ISTANBUL - Finance officials from the Group of 20 leading economies sketched an uncertain outlook for global growth on Tuesday and vowed to use monetary and fiscal policy if needed to stem any risk of stagnation. | Video

Business, 10 Feb 2015

G20 says ready to use fiscal, monetary tools to boost growth

ISTANBUL - G20 finance officials painted a downbeat picture of the world economy on Tuesday and vowed to use monetary and fiscal policy to boost activity if needed. | Video

Business, 10 Feb 2015

ECB's Noyer sees no sign of currency war at G20 talks

ISTANBUL - European Central Bank Governing Council member Christian Noyer said on Tuesday he saw no sign of a currency war building and that a meeting of the G20 leading economies had shown a common understanding of the need for monetary policy easing.

Business, 10 Feb 2015

Bundesbank's Weidmann urges Greece to make 'credible' reform effort

ISTANBUL - The chief of Germany's Bundesbank pressed Greece on Tuesday to make a credible effort to get back on its feet with tighter public finances and economic reforms, showing no willingness to bend in a standoff with Athens.

Business, 10 Feb 2015

U.S. Treasury's Lew says quick package for Ukraine critical

ISTANBUL - U.S. Treasury Secretary Jack Lew said on Tuesday it was critically important that an international package for Ukraine comes together quickly and said progress was being made.

World, 10 Feb 2015

Factbox - Key points in G20 finance ministers' and central bankers' communique

ISTANBUL - Following are the key points of a communique released by G20 finance officials at the end of a two-day meeting in Istanbul.

Business, 10 Feb 2015



Global GDP comparison

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