G20

The Standard and Poor's building in New York

S&P Warns G20 Nations of Downgrade over Health Costs

Ratings agency Standard & Poor's warned Monday that it may downgrade "a number of highly rated" Group of 20 countries in 2015 if their governments fail to enact reforms to curb rising health-care spending and other costs related to aging populations.

Deflation risk up in some G20 states: IMF

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Global growth is slowing rapidly and the possibility of ample economic slack means risks of damaging deflation are rising in some G20 member economies, the International Monetary Fund said in a paper published on Wednesday.

Davos Agenda: Economic Growth, Jobs, Protectionism

Economic growth, jobs and protectionism are the top three worries at the start of 2012, according to a Call to Action published by 11 leaders of international organizations on Friday in a bid to kick-start debate at next week's Davos Forum.
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International Monetary Fund's Managing Director Christine Lagarde addresses a roundtable discussion in Lagos

Canada indicates could pay into IMF Europe fund

In a sign that Canada's resistance to paying into an IMF bailout fund for Europe might be fading, Finance Minister Jim Flaherty said on Thursday the idea would be generally supported if all the Group of 20 nations agreed to pay in more.
Incredible India

India not Incredible Anymore?

Policy paralysis, corruption scandals and a government fearful of political backlash to any bold moves have worsening domestic finances, and Incredible India is no longer incredible.
France's President Nicolas Sarkozy (R) and Germany's Chancellor Angela Merkel attend a joint press conference on the eve of a G20 summit of major world economies in Cannes

France, Germany to Push Crisis Plan

The president of the European Commission appealed to EU leaders on Thursday to set aside their differences and unite to rescue the euro from a sovereign debt crisis that is menacing the world economy.
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Japan: not aware of IMF $600 billion euro zone aid plan

A Japanese government official said on Thursday he had not heard of a reported $600 billion IMF lending facility to help the euro zone, although Japan would consider providing bilateral loans to the Fund if warranted by developments in Europe.
G20 partners urging quick euro solution, Flaherty...

G20 partners urging quick euro solution, Flaherty says

Some members of the G20 group of major economies are jointly urging European policy makers to resolve the region's sovereign debt crisis as quickly as possible, Canadian Finance Minister Jim Flaherty said on Wednesday.
Nicolas Sarkozy (R), the French President, with Angela Merkel, the German Chancellor.

Germany, France press coercive euro zone debt rules

Germany and France stepped up a drive on Monday for coercive powers to reject national budgets in the euro zone that breach EU rules, as a market rout of European debt eased temporarily on hopes of outside help for Italy and Spain.
France's President Nicolas Sarkozy (R) and Germany's Chancellor Angela Merkel attend a joint press conference on the eve of a G20 summit of major world economies in Cannes

Germany, France Eye Eurozone Pact, Markets Hopeful

Germany and France stepped up a drive on Monday for intrusive powers to reject national budgets in the Eurozone that breach EU rules, as a market rout of European debt eased temporarily on hopes of outside help for Italy and Spain.
A protester raises his fist behind police officers after they moved in to evict protesters at St. James park during the "Occupy Toronto" movement

Police clear Occupy Toronto with few detentions

City workers dismantled tents and cleared debris from a downtown park on Wednesday as part of a restrained, daylong operation by police to peacefully end a five-week encampment by Occupy Toronto protesters.
France's President Sarkozy and Germany's Chancellor Merkel attend a joint press conference after crisis talks on the eve of a G20 summit of major world economies in Cannes

France, Germany to Show Support for New Italian PM

The leaders of France and Germany will voice their support for new Italian Prime Minister Mario Monti at a tripartite meeting on Thursday, seeking to stem the risk of the debt crisis gripping the heart of the euro zone.
European flags are seen outside the European Commission headquarters in Brussels

Politics Stymie China's EU Aid Offer

Diplomatic deadlock is curbing China's will to provide cash to help end the euro zone crisis after Europe spurned the simplest of Beijing's three key demands, two independent sources have told Reuters.
U.S. President Barack Obama waves as he is greeted by France's President Nicolas Sarkozy before the start of the G20 Summit of major world economies in Cannes

Netanyahu is a Liar, Sarkozy Tells Obama

In a private conversation with U.S. President Barak Obama, French President Nicolas Sarkozy has termed Israeli Prime Minister Benjamin Netanyahu as a liar and said, I can't stand him (Netanyahu).
Two men look at screens at the bourse in Madrid

Italy Bond Yields Soar; Eurozone Troubles Deepen

Italian government bond yields soared to near 15-year highs, putting the Eurozone's third largest economy front and center of the region's debt crisis, despite scrambling efforts by policymakers to stem the growing contagion.
German Economy Minister Philipp Roesler

Germany's Gold Cannot be Touched - Economy Minister

Germany Economy Minister Philipp Roesler said on Monday the country's gold reserves with the central bank cannot be touched, adding his voice to opposition to an idea reportedly discussed at the G20 summit of using reserves to boost euro zone bailout funds.

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