IMF member nations, acknowledging resistance from emerging markets to limits on capital controls, said rich nations' policies that spur large capital outflows that could harm other economies also need oversight.
Developing countries on Saturday pushed back hard against attempts to restrict how they manage money pouring into their fast-growing economies and said rich nations should reconsider their own policies instead.
Russia is looking to the experience of other countries, including China, to regulate Internet use, though Moscow has no plans to broaden web censorship, a government spokesman said on Saturday.
Leading world economies agreed on Friday to put the policies of seven major nations under a microscope as part of a plan to prevent a repeat of the global financial crisis.
China's monetary policy tightening will continue for some time as inflation remains higher than the government is comfortable with, and the yuan will be one of the tools used to fight it, the central bank governor said on Saturday.
Chinese firms and government bodies need to accelerate a shift toward value-added products to seek a better balance in trade, Chinese Vice Premier Wang Qishan said in comments published on Saturday.
China plans to support its integrated circuit sector as a strategically important industry over the next five years, aiming for over a fourth of microchips used in the country by 2015 to be made in China, Xinhua news agency said on Saturday.
China's monetary policy tightening will continue for some time as inflation remains higher than the government is comfortable with, and the yuan will be one of the tools used to fight it, the central bank governor said on Saturday.
Europe is likely to be hit the hardest among major economies by a potential global slowdown in 2012, but China's $300 billion sovereign wealth fund is still looking for investment opportunities there, its head said on Saturday.
China's monetary policy tightening will continue for some time because inflation remains higher than the government is comfortable with, with the yuan being one of the tools used, the country's central bank governor said on Saturday.
China's largest social network, Renren, filed for a U.S. initial public offering to raise up to $573.1 million, the first of a clutch of Facebook clones hoping to boost their profile with an American listing.
A transcript of Obama's speech
China's largest social networking site Renren filed for an initial public offering with U.S. regulators to raise up to $573.1 million.
Soldiers loyal to Libyan leader Moammar Gaddafi are using cluster bombs on rebel groups and civilians in the city of Misrata, according to Human Rights Watch (HRW).
Inflation accelerated in Asia and Europe in March while the United States bucked the global trend with underlying price pressures largely in check, leaving monetary policy on diverging paths around the world.
Oil rose on Friday, with Brent crude surging past $123 a barrel, as improving U.S. consumer confidence and industrial production eased concerns about rising fuel costs.
The Group of 20 nations agreed on Friday on a way to measure the potential risks to the global economy posed by national economic policies as part of a plan to avoid a repeat of the 2007-2009 financial crisis.
The Group of 20 nations agreed on Friday on a way to measure the potential risks to the global economy posed by national economic policies as part of a plan to avoid a repeat of the 2007-2009 financial crisis.
Inflation accelerated in Asia and Europe in March while the United States bucked the global trend with underlying price pressures largely in check, leaving monetary policy on diverging paths around the world.
Mattel Inc, maker of Barbie dolls and Hot Wheels cars, reported a 33 percent drop in first-quarter earnings on higher costs.
China and India both reported higher-than-expected inflation readings on Friday, giving fresh ammunition to central bankers and investors alike who are worried about mounting price pressures in the global economy.
Gold jumps to new record highs over $1480 US dollar per ounce on Friday as Asian demand is unstoppable. Silver is holding near its earlier 31-year high at $42.64.
