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World finance ministers look to safeguard recovery, boost IMF roleIstanbul - Finance ministers promised to keep up public spending measures until a stronger economic recovery takes hold and were poised on Sunday to endorse new monitoring powers for the International Monetary Fund (IMF). But as the IMF's steering co... ... |
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Warning Of Finance Job Pain Despite Pick-UpThe financial sector could end up shedding 60,000 jobs this year despite seeing its first pick-up in business since the onset of the credit crunch, the CBI has warned. ... |
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G7 elite make way for wider G20• G7 to end policy dominance with 5% vote shift• China, India and others to take greater global roleFinance ministers from the rich G7 countries today surrendered the dominance they have held for a quarter of a century over economic policy-making when the group decided to end regular set-piece g ... |
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Poor countries want greater say in IMF and World Bank votingIstanbul - The world's developing countries on Saturday declared themselves unsatisfied with the latest offer by major powers to give them a greater say in global finance institutions. Finance ministers of the so-called Group of 24, a bloc of develop... ... |
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G20 maps out new economic orderBankers' bonuses and excessive national deficits targeted in package of reformsG20 leaders, installing themselves as permanent stewards of the world economy for the first time, agreed yesterday on a tighter regime for bankers' bonuses and mapped out an economic order in which countries would be u... |
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G-20 Pledge to Continue StimulusThe finance ministers vowed to keep their multitrillion-dollar stimulus efforts in place, a sign of how shaky the global financial system remains. ... |
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