G20

Nicholas Sarkozy is urging G20 finance ministers gathering in Paris to offer their support for the transitional governments in Egypt and Tunisia as they gradually move toward democracy.

A draft statement by Group of 20 finance ministers lists four indicators including the current account for measuring global imbalances, Russia's deputy finance minister said on Friday.

China's central bank governor Zhou Xiaochuan said on Thursday that Beijing will decide the pace of the appreciation of the yuan on its own and would not take into account pressure from other countries.

Reform of the international monetary system is needed to prevent foreign assets flooding to one particular currency, the head of the People's Bank of China said on Friday.

The consensus is that the upcoming G20 meeting of finance ministers and central bankers will address the issue of food inflation, the hot button issue of the day.

France and Italy have fallen badly behind on pledges to boost their development aid and should follow the example of Britain, which has stuck to pledges despite austerity measures, Bob Geldof said on Tuesday.

The Group of 20 wealthy and emerging nations is likely to encourage emerging countries to let their currencies float more freely when they meet this week, in a repeat of language used last year, a G20 official said on Tuesday.

Global food prices have reached dangerous levels and have pushed an additional 44-million more people in the developing nations into poverty since last June.

International Monetary Fund chief Dominique Strauss-Kahn said on Thursday the Chinese yuan should be given a greater role within a restructured international monetary system.

The Treasury will remain intensely focused on correcting China's substantially undervalued yuan despite a decision not to name Beijing a currency manipulator, a senior Treasury official said on Thursday.

DLA Piper is all set to emerge as the largest law firm in the world in terms of revenues and the number of lawyers, after it merges with its Australian partner DLA Phillips Fox.

China wants to import more to solve its trade imbalances instead of parking windfall revenues in U.S. and euro zone government bonds, the chairman of China's largest lender said on Thursday.

Africa should have a greater presence in the Group of 20 nations rather than be largely excluded and simply told how to run their economies, Botswana's central bank governor said on Thursday.

Nicolas Sarkozy, the president of France, defended the integrity of the euro currency at the World Economic Forum in Davos, by asserting that neither his country nor Germany will permit it to fail.

A small explosion was set at a hotel near Davos (World Economic Forum), according to Swiss police.

Northeast Asia's booming economy and its largely untapped youth market are the cornerstone of South Korea's 2018 bid to host the first Winter Olympics in the region for 20 years, its bid chief said.

Rules are needed to curb speculation in surging commodity prices as the world heads towards a food crisis that threatens political instability, the head of the U.N.'s food agency said.

The presidents of the United States and the United States’ oldest ally, France, met today in Washington, and offered condolences to each other for recent violent tragedies suffered by each nation.

Douglas C. Borthwick, Managing Director of Faros Trading, reviews the global currency markets from 2010 and provides some outlook and guidance for 2011

South Korean President Lee Myung-bak was forceful, even bellicose, in speaking about North Korea on Monday. But on Wednesday, Lee struck a conciliatory note, expressing a desire for dialogue with his country's difficult neighbor to the north

Dictatorships are faster and more efficient than democracies, which can be bogged down by long-drawn out debates among deeply polarized political parties who can't seem to agree on anything.