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G7 finance chiefs to discuss bank reform pushSome of the world's most powerful finance chiefs will meet in an English stately home on Friday and Saturday to try to speed up banking and finance reforms, with Cyprus' near meltdown fresh in their minds. Finance minister More… |
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G7 fires currency warning shotFiscal and monetary policies must not be directed at devaluing currencies, the Group of Seven nations said on Tuesday in a statement Japan said gave it a green light to continue efforts to reflate More… |
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G7 expected to cool currency rhetoricThe Group of Seven nations are considering a statement this week reaffirming their commitment to "market-determined" exchange rates in response to heating rhetoric about a currency war, More… |
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Produce more, G7 tells oil nationsFinance ministers of the Group of Seven most industrialised nations urged oil-producing countries on Tuesday to raise output to ensure the market is well supplied, while warning that the West was ready to tap strategic oil rese More… |
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Spain faces credit crunch; G7 confersSpain said on Tuesday that credit markets were closing to the euro zone's fourth biggest economy as finance chiefs of the Group of Seven major economies were to hold emergency talks on the currency bloc's worsening debt crisis. &nb More… |
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Brent rebounds above $99 on dollar, G7 talksBrent crude prices rebounded for a second straight session on Tuesday, rising above $99 per barrel on support from a weaker dollar and hopes that the world's leading economies will take new action to tackle the euro zone's debt crisis. More… |
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Economic gloom piles pressure on G7 talksG7 finance chiefs meet today (September 9) under heavy pressure to take action to revive flagging economic growth in rich nations and to calm the biggest confidence crisis in financial markets since the global credit crunch. Host country F More… |
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Shares tumble despite G7 assurancesShares tumbled on Monday despite efforts by global policymakers to stem a collapse in investor confidence after S&P downgraded the US credit rating, but the euro firmed on hopes the ECB will act to stop Europe's debt crisis from engulfing Ital More… |
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G7 seeks to calm markets rocked by debt crisesFinance chiefs from the world's industrial powers pledged on Sunday to take whatever actions were needed to steady financial markets, spooked by the political wrangling in Europe and the US over slashing their huge budget deficits. &nbs More… |
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France trusts US to get out of tough periodFrance has faith in the ability of the US to get out of this "difficult period" and it is too early to say if a G7 meeting will be brought forward, Finance Minister Francois Baroin told French iTele on Saturday. Reacting to the downgrading More… |
