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Resist protectionism, group says

Angel Gurria, Secretary- General of the Organization for Economic Cooperation and Development, an organization consulted by the nations of the world, including most of the nations of the G-20, put the very complex matter of what the G-20 is attempting to do at its summit in Seoul this week, in simple and precise terms.

Class struggle at the G20 summit

Policemen use pepper sprays on protesters trying to march during a rally in central Seoul

Two things are always present at G20 summits: the gathering of the most powerful international elites and the gathering of common citizens and workers to protests against them.

Fed’s QE2 is a gamble, can lead to asset bubble: Top Indian official

US quantitative easing can cause inflationary pressures in China, Argentina, Turkey and India - Indian official

The US Federal Reserve' s quantitative easing can lead to asset bubbles as the money goes in search of equity, property and other such assets in a low-interest rate scenario, said Kaushik Basu, chief economic advisor to India's finance minister.

Payrolls fall less than expected in August

U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring surprised on the upside, easing pressure on the Federal Reserve to prop up economic growth.

More news

Bernanke must appear concerned, not desperate

How much would the U.S. economy have to weaken for the Federal Reserve to try to push borrowing costs even lower?

IBT Staff Reporter Jul 19, 2010

Obama: Pressing China on currency to make trade fair

U.S. President Barack Obama on Wednesday maintained pressure on China to ensure its currency policy did not give it an unfair export advantage.

IBT Staff Reporter Jun 30, 2010

OECD raises global growth forecast due to Asia

The global economy is recovering faster than expected from recession with Asia leading the way, but it is at risk from huge debts in developed countries and possible overheating in countries such as China, the OECD said on Wednesday.

IBT Staff Reporter May 26, 2010

Geithner says China yuan rise a global issue

Persuading Beijing to let its yuan currency rise in value is not simply an issue for the United States but one that should interest the whole world, Treasury Secretary Timothy Geithner said on Wednesday.

IBT Staff Reporter May 19, 2010

China says yuan appreciation expectations rising

China might see increased foreign exchange inflows this year as expectations of yuan appreciation mount, the State Administration of Foreign Exchange said on Monday.

IBT Staff Reporter Apr 19, 2010

Geithner confident China will move on currency

PITTSBURGH, March 31 (Reuters) - U.S. Treasury Secretary Timothy Geithner expressed confidence on Wednesday that China will decide it is in its interest to make its yuan currency more flexible, but did not say when that might happen.

IBT Staff Reporter Mar 31, 2010

Rare China trade deficit not seen signaling new trend

China will probably run a trade deficit of more than $8 billion in March, state media said on Tuesday, citing Premier Wen Jiabao.

IBT Staff Reporter Mar 23, 2010

Fed's Bullard: Adjust quantitative easing

The Federal Reserve should shift quantitative easing policies based on the U.S. economy's evolution, in the same way those changes guide interest rate policy, a top Fed official said on Thursday.

IBT Staff Reporter Mar 04, 2010

China seen allowing stronger yuan in 2010

Beijing is likely to let its currency begin rising in value again this year in response to growing pressures at home and abroad, two U.S. private sector specialists on China said on Wednesday.

IBT Staff Reporter Feb 17, 2010