U.S. officials tried to reassure Chinese premier Wen Jiabao about his country’s investment $2 trillion investment in U.S. Treasuries after he expressed worries in the light of the current financial crisis.
More spending will give only a brief sugar high if G20 nations fail to clean up their banks, the World Bank said on Friday as economic powers struggled to agree a response to the worst downturn in decades.
Hong Kong shares jumped 4.4 percent in its fourth day of gains on Friday, leading the main index to its best weekly rise in a month and a half, with China stocks outperforming as investors continued to cheer hints of economic recovery in the mainland.
Premier Wen Jiabao said on Friday China was open to holding more talks with envoys for the Dalai Lama as long as the exiled Tibetan spiritual leader renounces what Beijing describes as separat
Japan joined the U.S. push for more government spending to fight the economic crisis on Friday but G20 unity looked seriously compromised after Paris accused Washington of disregarding the urgent need for tough market regulation.
The world needs to act urgently to avoid a global water crisis due to increased population, rising living standards, dietary changes and more biofuels production, the United Nations warned on Thursday.
China's campaign to bring cleaner, low-emission vehicles to its roads may take a back seat as the government seeks first to stimulate growth and counter dwindling sales in the world's largest car market.
The U.S. trade deficit narrowed 9.7 percent in January to its smallest since October 2002, as both imports and exports tumbled for the sixth consecutive month in the face of shrinking global demand, a U.S. government report showed on Friday.
Stock index futures pointed to a fourth straight day of gains on Friday after Citigroup said it did not need any more government capital infusions, bolstering investor optimism that banks might be seeing some stabilization.
Oil edged down below $47 a barrel on Friday ahead of OPEC's meeting this weekend which pushed prices up by more than 11 percent in the previous session, helped by better-than-expected economic data.
China said it was ready to pump more money into its economy and saw a pick-up in trade, offering another glimmer of hope for the battered global economy as signs that big U.S. banks may be turning around lifted world stocks.
China's Premier Wen Jiabao reassured the world on Friday that China would deliver on its promise of 8 percent growth in 2009 despite a slate of challenges, and could roll out extra stimulus spending if needed to meet the goal.
China's Premier Wen Jiabao reassured the world that China could roll out extra stimulus measures if needed to deliver on its promise of solid growth in 2009, but said it would be a challenging year.
European Union is expected to plea for stronger financial regulation at the G20 summit next month.
U.S. business leaders urged lawmakers on Thursday to act quickly on healthcare reform, saying American companies were losing out to other countries with cheaper healthcare and healthier workers.
Oil rose more than 11 percent to top $46 a barrel on Thursday following better-than-expected U.S. February retail sales data and ahead of a weekend OPEC meeting.
Oil rose more than 10 percent to top $46 a barrel on Thursday, following better-than-expected U.S. February retail sales data and ahead of a weekend OPEC meeting.
Oil rose nearly 7 percent to top $45 a barrel on Thursday encouraged by U.S. February retail sales data and ahead of a weekend OPEC meeting.
Saab Automobile, the Swedish unit of U.S. carmaker General Motors, announced 750 job cuts as it tries to stay afloat and said on Thursday investors in both Sweden and China were eyeing the company.
The United States sought on Wednesday to play down a confrontation between Chinese and U.S. naval vessels as the two sides held high-level talks on reviving growth and reining in North Korea's nuclear program.
Oil rose more than $1 above $43 a barrel on Thursday encouraged by strong loan data from China, which investors speculated could feed through into economic growth, and ahead of an OPEC meeting.
Finance ministers and central bankers from Brazil, Russia, India and China will convene ahead of the Group of 20 finance chiefs' meeting in London on Friday, a Russian delegation source told Reuters on Thursday.
