Tag: G20

Tokyo stocks down at break; eyes on G20 meeting

TOKYO, Japan (AFP) — Tokyo stocks eased Friday morning with focus turning to a weekend G20 finance ministers’ meeting, but Toshiba rebounded on reports the government may help fund the embattled firm’s turnaround. Automakers dragged the main indexes down with investors retreating to the sidelines ahead of a long holiday weekend in Japan. Markets are also awaiting news from the G20 gathering in Germany that brings together finance ministers from the world’s most powerful economies, […]

G20 treads lightly on ‘globalisation’ taboo

HANGZHOU, China (AFP) – by Benjamin CARLSON Facing populist ire at home, leaders at the G20 summit have tried to walk a fine line: acknowledge anti-globalisation anger while arguing that ever more liberal trade is the cure for sluggish economies. “The feeling of the G20 is that if we do not address the question of fairness, it will endanger global governance as we know it,” a senior European diplomat told AFP at the sprawling venue in […]

Hangzhou shuts down for G20

  (Reuters) — Hangzhou is looking like a ghost town, as authorities have closed down shops and ramped up security checks to ensure its first-ever G20 summit passes off perfectly As of Friday (September 3), highways around the G20 venue were virtually empty except for a few cars. Reuters journalists were warned by men who identified themselves as “neighbourhood watch volunteers” not to film in a residential area not far from the G20 venue. In […]

G20 offers Putin one more stab at Obama on Syria, Ukraine

by Maria PANINA MOSCOW, Russia (AFP) — The G20 summit starting in China on Sunday gives Russian President Vladimir Putin one more chance to try to strongarm US leader Barack Obama over Syria and Ukraine as their fraught relationship nears an end. In recent years the two world leaders have barely been able to hide their disdain for each other as ties between Washington and Moscow fell to their lowest level since the Cold War […]

Australia says G20 will exceed extra 2 percent growth target

(Reuters) – Australian Treasurer Joe Hockey said on Sunday the Group of 20 countries will exceed a target to boost global growth by an additional 2 percentage points over the next five years. “The 2 percent target that we announced in Sydney has been met,” Hockey told ABC television ahead of Sunday’s meetings of the G20 leaders in Brisbane. “It will go further.” Hockey did not specify by how much the G20 would exceed the target. He said there […]

G20 commits to higher growth, fight climate change; Russia isolated over Ukraine

(Reuters) – Leaders from the G20 group of nations agreed on Sunday to boost flagging global growth, tackle climate change and crack down on tax avoidance but ties between the West andRussia plummeted to a new low over the crisis in Ukraine. Russian President Vladimir Putin left the G20 summit in Brisbane early as U.S. President Barack Obama accused Russia of invading Ukraine and Britain warned of a possible “frozen conflict” in Europe. Several Western nations warned Russia of further sanctions if it did not […]