Written by WASHINGTON (Reuters) – Countries must not be complacent about the state of the global economy, despite brighter signs of recovery, Japanese Finance Minister Naoto Kan on Saturday warned his counterparts at the International Monetary Fund. READ MORE »
Posts tagged global recovery
IMF Board Votes to Expand Power of Emerging-Market Economies
WASHINGTON — The International Monetary Fund’s executive board voted Friday to boost the role of emerging economies within the organization as part of a move to increase its role as the world’s arbiter on economic matters. READ MORE »
U.S. Criticizes China’s Procurement Rules
BEIJING—U.S. Commerce Secretary Gary Locke stepped up criticism of China’s moves to limit access by foreign companies to its massive government procurement market, even though it isn’t clear whether the U.S. has any legal means to force China to back down. READ MORE »
Euro Rises for Second Day on Speculation Short Traders Exiting
The euro rose against the dollar for a second day on speculation investors betting on a drop in the currency were forced to exit their trades as European sovereign- debt concern eased. READ MORE »
Euro-zone troubles may keep stocks on edge
Stocks could face more volatility next week as growing doubts about whether Europe can solve its deepening debt crisis are likely to take center stage again. READ MORE »