G-20

Ian Bremmer Talks Global Politics and Investing Pitfalls

Most Wall Street experts are far better equipped to analyze corporate risks rather than political ones. But today, it's political unrest in the Middle East and beyond that's driving world markets. So we asked Ian Bremmer, president of political risk consultancy The Eurasia Group, to break down the major developments and what investors should expect.

Stocks Keep Rolling for Another Weekly Gain

Stocks closed broadly if modestly higher Friday on light volume as traders avoided making any big bets ahead of a long holiday weekend. The equity markets closed up for the third straight day and extended their winning ways to a third consecutive week.

G-20 Leaders Water Down U.S. Stance on Currencies

Leaders of 20 major economies on Friday refused to back a U.S. push to make China boost its currency's value. That will keep alive a dispute that raises fears of a global trade war amid criticism that cheap Chinese exports are costing American jobs.

G-20 Leaders Fail to Back U.S. Plan on Chinese Currency

The leaders of the 20 major economies failed to back a U.S. plan intended to push China to let its currency strengthen. The leaders released a statement in which all countries pledged to avoid "competitive devaluation" of currencies, The Associated Press said.

It's Time for a New Reserve Currency: Meet the Mondo

For a host of reasons, other countries would love to free their economies from the stranglehold of the U.S. dollar's influence, especially now, when the Fed's stimulus actions are pushing the dollar lower, and everything else higher. Global finance expert Peter Cohan has a simple answer: The Mondo.

Why Asian Nations Hate QE2, and What They Should Do

As the G-20 meets in South Korea, many world leaders have stepped up their complaints about the Fed's $600 billion quantitative easing program, as well as the rapid flow of capital into emerging markets. Some countries are installing capital controls in response, but those won't be enough, says global finance expert Peter Cohan.

The G-20: Sound and Fury Signify Something in Seoul

On the eve of an economic summit in South Korea, disturbing signs of discord are emerging over currency valuations and trade between the U.S. and its major trading partners. Failure to achieve an agreement could set off more "currency wars."

G-20 Leaders Criticize Fed's $600 Billion QE2 Stimulus

The U.S. finds itself on the wrong side of the currency manipulation argument this week, as many G20 countries criticize the Fed's $600 billion bond buying plan, which could further devalue the dollar. World leaders say the move breaks the vow of unity made during the last G-20 summit.

Can G-20 Prevent a Currency War?

The G-20 has a second chance to diffuse world currency tensions Friday and Saturday, when finance ministers and central bank governors meet in South Korea.

Geithner: U.S. Won't Devalue the Dollar to Boost Exports

The U.S. will not weaken the dollar in order to boost its exports, Treasury Secretary Timothy Geithner promised. "It is not going to happen in this country," Geithner told Silicon Valley business leaders of devaluing the dollar, according to Reuters.

Will EU Limits on Banker Bonuses Reduce Risk?

Europe's parliament on Wednesday approved world's toughest limits on bankers' bonuses, a move likely to fuel demands for similar curbs in the United States. But are these measures enough to limit excessive risk-taking at too-big-to-fail financial institutions and avert another meltdown?

BP CEO Hayward to Meet Putin's Deputy in Russia

BP CEO Tony Hayward is traveling to Moscow to meet with Igor Sechin, a top deputy to Russian Prime Minister Vladimir Putin. The meeting comes as Russian President Dmitry Medvedev is calling for a levy on oil companies to finance a fund to pay for cleaning up the industry's environmental disasters.

G-20 Leaders Agree on Deficit-Cutting Timetable

Putting a united face on a divisive issue, the G-20 leaders meeting in Toronto agreed on Sunday to a schedule for reducing their budget gaps. The agreement doesn't entail hard deadlines. Rather, it sets up as a goal that the nations will cut their deficits in half by 2013.

Misguided Bullying of German Economic Policy

It's hard to top American politicians when it comes to strong-arming other countries about economic policy. The G-20 summit, where a showdown is brewing most pointedly between American and German camps, offers the latest vivid example.

Obama: Financial Reform Will Help the Economy

President Obama said Friday that the financial reform deal struck by members of a congressional conference committee will "strengthen our economy" and protect consumers from the excesses of the financial system.

U.S.-European Discord Could Hurt G-20 Reforms

Obama wants European governments to keep spending to stave off an economic slowdown. Europe, particularly Germany, doesn't want to hear about it. Expect a fractious debate at the Toronto summit meeting of G-20 industrial countries.

Soros: German Budget Cuts Could Cause Euro Failure

Ahead of the G-20 summit in Toronto this weekend, billionaire investor George Soros is warning that Germany's policy of fiscal austerity is a danger to Europe that could destroy the euro and fracture the European Union.

U.S. Issues G-20 Travel Alert for Americans

Canada is footing a huge bill to host the G-8 and G-20 summits in Huntsville, Ontario and Toronto on June 25-27. Still, the U.S. has issued a travel alert for Americans traveling to Toronto, angering Canadians across the country.

The Global Economy Is Coming Back to Life

The International Monetary Fund is projecting that the world economy will emerge from its coma this year. Its World Economic Outlook forecasts global growth of 4.2% in 2010 after a 0.6% decline in 2009, the worst year since World War II. But "the outlook remains unusually uncertain" the IMF says.

G-20 wants to curtail bank actions

The G-20 finance ministers want to cut short-term bank risk and put in long-term capital requirements that should, in theory, prevent a repeat of the...

Obama kicks off a new global era

Usually, words do not have the same impact as deeds. But in the case of the recently-completed G-20 summit, words and symbolism may end up rivaling...

Glimmers of hope vs. global meltdown

General Electric (GE) has started to see the first "glimmers of hope" in the world economy, according to Nani Beccalli, CEO of GE International,...