From Bloomberg News, International Herald Tribune and Reuters via International Herald Tribune: The price of oil rose to a new high Friday, breaching $90 a barrel for the first time, and the dollar hit a new low versus the euro before a meeting of officials from the Group of Seven industrialized nations . But it […]
From the Reuters: The Group of Seven rich nations took aim at China on Saturday, urging Beijing to let its currency rise faster to ease imbalances in trade and capital flows that pose one of the biggest risks to global growth. In a statement issued after an afternoon of talks, G7 finance ministers and central […]
From the AP, via Newsday: Economic officials from the world’s richest countries resumed their pressure on China to adopt a more flexible exchange rate and called Saturday for vigorous action against such threats to growth as high oil prices, protectionism and inflation. Finance ministers and central bank governors from the Group of Seven nations, meeting […]
From the International Herald Tribune: China, which attended a Group of 7 meeting for the first time in October, will not be sending its most senior finance and banking officials to a gathering next week of the world’s leading industrialized nations in Washington, a spokesman for the U.S. Treasury Department said. “Senior Chinese officials have […]
Washington Post had an article on China at G-7 meeting, and the U.S. approach on currency issues. “China made its debut last night in the club of the world’s leading economic powers, as international pressure mounts to change a decade-old currency peg that critics accuse of giving Chinese products an unfair competitive edge. ”
According to an AP report: “Underlining China’s growing importance to the global economy, senior finance officials from Beijing for the first time will participate in part of the discussions by the Group of Seven major industrial nations, a U.S. Treasury official said Wednesday… Asked if the talks with the Chinese are a first step toward […]
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