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China Confident Europe Will Overcome Current Debt Crisis

China is confident that Europe will be able to overcome its debt crisis, Foreign Minister Yang Jiechi said, adding stability in the Eurozone was crucial for the global economic recovery.

Euro Crisis Blamed for Canada's Hefty Job Losses

Unexpected job losses pushed Canada's unemployment rate higher in October as the European debt crisis and U.S. weakness buffeted the exporting nation's economy and weakened confidence.

Canada's Flaherty says G20 likely to meet before February

G20 leaders are likely to meet before their next scheduled summit in February to try and restore market confidence battered by the euro zone debt crisis, Canada's finance minister said on Saturday, while Germany's Angela Merkel said it would take a decade to turn around the currency bloc.

Canada: G20 colleagues must meet before mid-February

Canada's Flaherty says G20 likely to meet before February

G20 leaders are likely to meet before their next scheduled summit in February to try and restore market confidence battered by the euro zone debt crisis,

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Comments by policymakers at Cannes G20

Following are comments on Friday by policymakers attending the Group of 20 Summit in Cannes, France, and other euro zone officials, as Europe considered the possibility of Greece leaving the euro.

Italy’s Budget Reforms Lack Credibility: IMF Chief

Berlusconi is facing a mountain of opposition to his reforms.

G20 names 29 banks for capital surcharge, recovery plan

Twenty-nine banks were named on Friday as being so important to the global financial system that they are likely to need to hold more capital than rivals and must put in place a plan to allow them to be wound up without taxpayer help if they hit trouble.

G20 leaders take part in a family photo during the G20 Summit of major world economies in Cannes

G-20 Cannes Summit Final Communiqué [FULL TEXT]

Here's the full text of the final communique issued at the Group of 20 summit in Cannes, France.

Canada's PM says oil pipeline still has U.S. support

Canadian Prime Minister Stephen Harper said on Friday he sees overwhelming U.S. support for TransCanada Corp's Keystone XL oil pipeline to Texas from Canada's oil sands, despite recent signs of reticence in Washington.

Eurozone Finds No New Money for Debt Crisis at G20

The Eurozone won verbal support but no new money at a G20 summit on Friday for its tortured efforts to overcome a sovereign debt crisis, while Italy was effectively placed under IMF supervision.

Berlusconi Agrees to IMF Oversight of Italy’s Austerity Program

Jose Manuel Barroso, the president of the European Commission (EC), nonetheless told reporters in Cannes that Berlusconi was not forced into it.

U.S. influence at G20 not diminished, White House says

White House officials bristled on Thursday at the suggestion U.S. power within the G20 had been diminished by budget woes back home, as Europe looked toward an economically self-confident China for help.

Will the Government Rollback Petrol Price Hike?

Following uproar from all quarters for hiking the price of petrol by 2.7 percent amidst inflated economy, sources from the ruling Congress party said that there is possibility of partially roll back in the hike.

Asian Shares Rise on Hopes Greece will Shelve Referendum

Asian shares rose more than 2 percent and the euro steadied Friday on hopes that Greece will abandon a proposed referendum on a European Union bailout, but investors remained cautious over a confidence vote planned in the Greek Parliament.

South Africa's President Jacob Zuma gives a statement after meeting with Libyan leader Muammar Gaddafi at Gaddafi's Bab al-Aziziya residence in Tripoli April 10, 2011.

S.Africa signs multilateral tax evasion deal

South Africa on Thursday said it signed an agreement with 12 other countries to combat cross-border tax evasion.

France's President Sarkozy tears up some papers as he waits for the start of talks at the G20 Summit in Cannes

Obama Gently Makes Fun of Sarkozy’s Looks

Sarkozy allegedly took the joke well.

Gold Prices Pop 2% on Draghi, Papandreou Surprises

Gold prices surged two percent Thursday after a surprise interest rate cut by the European Central Bank and Greece's prime minister abruptly dropping a widely denounced plan for a referendum on accepting bailout money.

U.S. President Barack Obama, talks to Germany's Chancellor Angela Merkel, and France's President Nicolas Sarkozy before the start of the G20 Summit of major world economies in Cannes

France and Germany Tell Greece to Take The Bailout or Else

Our Greek friends must decide whether they want to continue the journey with us,” Sarkozy said.

ECB Cuts Interest Rates as New Chief Draghi Takes Bold Step

Howard Archer, chief European and U.K. economist said, The move also suggests that Mario Draghi will not be afraid to make bold decisions.

Italy Prime Minister Silvio Berlusconi leaves at the end of a meeting in Rome

Berlusconi Under Extreme Pressure to Resign

Berlusconi has thus far refused to step down, citing that it would be impractical to call new elections in the middle of such a grave economic crisis.

Greece's Prime Minister Papandreou arrives at the G20 venue where world leaders gather in Cannes

Papandreou Likely to Step Down, Propose Coalition Government

Papandreou will likely propose a coalition government with Lucas Papademos, a former senior official at the European Central Bank, becoming the new Prime Minister.

Members of Berlusconi's Party Call for Resignation

Pressure mounted on Italy's besieged premier Silvio Berlusconi to quit Thursday as six former parliamentary loyalists called for a new government and the squabbling Cabinet failed to agree an urgent economic reform program.

China's President Hu Jintao waves beside France's President Sarkozy as they at the G20 venue where world leaders gather in Cannes

Analysis: Beijing Risks Public Backlash if it Rescues Europe

China's people have a clear message for their government -- don't even think of saving Europe.

Greek euro threat looms over Cannes G20 summit

The threat of a Greek exit from the euro zone hung over a meeting of G20 leaders on Thursday after France and Germany made it clear that Athens must decide urgently whether it wants to stay in the 12-year-old currency bloc.

France's President Sarkozy and Germany's Chancellor Merkel attend crisis talks in Cannes on the eve of the G20 summit

G-20 Summit: Eurozone Debt Crisis? Looks More Like a Movie to Me

Cannes, the beach resort in the south of France, is the ideal locale for the G-20 economic summit.

EU and IMF Threaten to Withhold Next Bailout Tranche Until After Greek Referendum

This means that an eight billion euro ($11 billion) payment will be in limbo until after the referendum vote – which isn't even scheduled to be held until December.

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