The heads of the world's 20 largest economies pledged to use all of their policy tools to tackle uneven economic growth that falls short of expectations, according to a draft Group of 20 (G20) communique seen by Reuters on Sunday.
The International Monetary Fund is likely to revise downwards its estimates for global economic growth due to slower growth in emerging economies, IMF head Christine Lagarde said in a newspaper interview.
"We are in a recover
Asian shares tumbled on Monday after the US Federal Reserve's decision to keep interest rates at record lows raised fresh concerns about growth globally, particularly in China.
MSCI's broadest index of Asia-Pacific shares
Oil producing countries expect global economic growth in the coming period to boost oil prices, Kuwaiti Oil Minister Ali Saleh al-Omair was quoted by the al-Qabas newspaper on Tuesday as saying.
"There is satisfaction among m
The International Monetary Fund lowered its forecast for global economic growth in 2015, and called on Tuesday for governments and central banks to pursue accommodative monetary policies and structural reforms to support growth.
Leaders from the G20 group of nations agreed on Sunday to boost flagging global growth, tackle climate change and crack down on tax avoidance but ties between the West and Russia plummeted to a new low over the crisis in Ukraine.
Middle Eastern carriers reported a growth of 7.8 per cent in air cargo during August, a little below the year-to-date average of 9.6 per cent, the International Air Transport Association (Iata) has announced.
The Middle East conti
Investor confidence in global economic growth remains high even as expectations of higher short-term rates increase, a report said.
The number of investors believing the global economy will grow over the next 12 months was steady
Finance officials from the world's major economies believe an ambitious goal to boost global growth by $2 trillion in the next five years is within reach despite a variety of threats, including rising tensions over Russia's actions in Uk
Global investors remain confident in the outlook for economic growth despite their sharp loss of faith in China, according to the Bank of America Merrill Lynch Fund Manager Survey for July.
A net 52 per cent of respondents now exp