The International Monetary Fund is evolving into a central clearing house that will help manage the global economy, the head of the IMF's policy-steering committee said Monday as nations debated the lender's future role.
Chinese Premier Wen Jiabao is expected to hold talks with North Korean leader Kim Jong-il on a three-day visit he began on Sunday, when the neighbors signed a pact on China's economic aid to the impoverished North.
The G30, a group of prominent bankers, policymakers and economists, called on Monday for sweeping reforms to the International Monetary Fund, warning that the impetus for change would wane as pain from the financial crisis fades.
China pledged to strengthen bonds with isolated North Korea, nudging it to improve its economy, while reports of Indian and South Korean swoops on North Korean shipping underscored strains behind a recent easing of tension.
Goldman Politics; Impressions Off the Mark; New Buyer for Volvo?
Norway has retained its status as the world's most desirable country to live in, according to U.N. data released on Monday, which ranks sub-Saharan African states afflicted by war and HIV/AIDS as the least attractive places.
A U.S.-led group has entered the race to buy Ford Motor Co's Volvo cars unit, the Financial Times reported, in a challenge to China's Geely Automotive which last month confirmed its interest in the loss-making Swedish carmaker.
China Real Estate Information Corp, a provider of real estate information and consulting services, is planning to raise up to $248 million in a U.S.-listed initial public offering set for Oct 16.
The H1N1 swine flupandemic should spur pharmaceutical researchers to renew efforts to develop a universal flu vaccine and rethink ways of dealing with future pandemics, scientists said on Friday.
China and a top G77 official accused rich nations on Monday of trying to kill off the Kyoto Protocol, the U.N.'s main weapon in the fight against global warming, as nations try to craft a broader climate pact.
A U.S.-led group has entered the race to buy Ford Motor Co's (F.N) Volvo cars unit, the Financial Times reported, in a challenge to China's Geely Automotive (0175.HK) which last month confirmed its interest in the loss-making Swedish carmaker.
The following are comments on Monday from finance officials in Istanbul for the Group of Seven, IMF and World Bank meetings.
Stock futures pointed to a higher start on Monday to snap a four-day losing streak. The futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq Composite were up 0.5-0.6 percent at 4.22 a.m. ET.
Hong Kong stocks erased earlier
losses to close up 0.26 percent on Monday, as investors hunted
for bargains after shares fell to three-week lows, but concerns
about the state of the U.S. economy capped gains.
U.S. stock index futures pointed to a higher start on Monday to snap a four-day losing streak. The futures for the Dow Jones industrial average DJc1, the S&P 500 SPc1 and the Nasdaq Composite NDc1 were up 0.5-0.6 percent at 0822 GMT.
Southeast Asia's largest developer CapitaLand will list 20-30 percent of its shopping mall arm in a Singapore initial public offering that sources said could raise at least $1 billion.
LONDON A U.S.-led consortium has entered the race to buy Volvo from Ford , the Financial Times reported, in a challenge to China's Geely Automotive , which confirmed its interest in the money-losing Swedish carmaker last month.
Global finance chiefs made little headway on Sunday in overcoming long-standing disagreements over how much power rich nations should cede to major developing countries at the International Monetary Fund.
A powerful typhoon moved out to sea on Sunday after thrashing the remote northeastern Philippines and killing 17 people and may remain there for days, bringing more rain and possible landslides, officials said.
North Korea's leader Kim Jong-il made a rare appearance to greet visiting Chinese Premier Wen Jiabao, starting a trip that swiftly drew a statement from the North that it was willing to discuss its nuclear weapons.
U.N. experts will inspect Iran's newly disclosed uranium enrichment plant on October 25, the IAEA nuclear agency chief said on Sunday, praising a shift from conspiracy to cooperation in Tehran's dealings with the West.
Fierce disagreement over how much power rich nations should cede to developing countries clouded talks between global finance chiefs on expanding the role of the International Monetary Fund.
