Tag: G20

• Wednesday, February 16th 2011 - 22:53 UTC

  Mantega reiterates opposition to French plan for commodity prices regulation

  

  Brazil reiterated opposition to a French plan to impose regulation on commodity prices, saying it could have “negative effects” on major suppliers such as itself. “Brazil is totally opposed to a mechanism of control or regulation of commodity prices,” Finance Minister Guido Mantega told reporters, reiterating a position he gave last week.

• Wednesday, February 16th 2011 - 00:32 UTC

  World Bank food prices index jumps 15% in four months, just below 2008 record

  

  Rising food prices have driven an estimated 44 million people into poverty in developing countries since last June as food costs continue to rise to near 2008 levels, according to new World Bank Group numbers released ahead of the G20 Meeting of Finance Ministers and Central Bank Governors in Paris.

• Wednesday, February 16th 2011 - 00:28 UTC

  Japan insists G-20 must address the issue of capital inflows to emerging economies

  

  Japan's finance minister made it clear Tuesday that Tokyo is particularly interested in discussing ways to deal with the problem of strong capital inflows into emerging economies when he meets with officials from the Group of 20 industrial and developing nations in Paris later this week.

• Monday, February 14th 2011 - 21:07 UTC

  Argentina hopes to reach an agreement with the Paris Club this month

  

  Argentina’s Economy Minister Amado Boudou heads to France this week to participate in the G20 ministers meeting and will take advantage of the trip to further advance tentative negotiations to resolve the defaulted debt Argentina has with the Paris Club.

• Saturday, February 12th 2011 - 05:31 UTC

  Brazil and Argentina will reject ‘commodity prices regulation’ at G20

  

  Brazil and Argentina came out Friday against a French proposal to be put to the G20 to regulate commodity prices whose recent rises are blamed for a spike in food costs.

• Friday, February 4th 2011 - 21:07 UTC

  France and FAO call for greater regulation to curb commodities speculation

  

  France and the U.N. food agency FAO warned on Friday about the risk of a new global food crisis and ensuing riots, calling for greater regulation to curb speculation on commodities markets.

• Sunday, October 24th 2010 - 02:00 UTC

  G20 agrees review of IMF: Europe looses influence to developing countries

  

  The Group of 20 (G20) nations reached in Korea a dramatic deal on Saturday as China, the United States agree to avoid “currency war” and to refrain from having too much trade surplus or deficit.

• Tuesday, June 29th 2010 - 05:30 UTC

  Brazil to implement new banking reserve requirements bases on Basel Index

  

  Brazil's government will implement new reserve requirements on credit operations undertaken by the nation's banks, in compliance with the latest changes in the Basel Index, by 2012, the Central Bank of Brazil said in a statement Monday.

• Saturday, June 26th 2010 - 05:47 UTC

  Toronto G-20: Germany’s Merkel emphasizes “mutual understanding” with US

  

  Germany's Chancellor has insisted that Europe's leaders are making good progress in talks with the US about how to bolster fragile economic growth. Angela Merkel told journalists at the G8 summit in Canada there was “mutual understanding” with President Obama over deficit reduction plans. Leaders are attending summits of the G8 and G20 groups of leading states.

• Saturday, June 26th 2010 - 05:16 UTC

  “China playing games” with the announced Yuan flexibility, says Krugman

  

  Nobel laureate Paul Krugman said China’s pledge to make the Yuan more flexible was an “exercise in bad faith” intended to fend off international pressure for a stronger currency at this week’s Group of 20 leaders’ summit.