Topic: Group of Seven
Top galleries, list articles, quizzes
All Content
-
Japanese yen plunges to four-year low. G7 unlikely to act.
Japanese yen's plunge vs. the dollar makes its exports cheaper and its companies more competitive. G7 finance ministers will focus on the Japanese yen at talks in the UK this weekend.
-
As euro strengthens, debate grows about setting a 'target' value
France has floated more intervention, which Germany rejects. The debate is framed by rising concerns over a 'currency war' if countries try to spur economic growth by devaluing their currencies.
-
Starbucks, Google, Amazon accused of 'immoral' tax avoidance
Starbucks, Google, and Amazon were among the major multinational corporations accused by lawyers of exploiting British tax laws to move UK-made profits overseas. Starbucks announced it is reviewing its tax practices in a bid to restore public trust.
-
Stocks inch higher as investors await Europe news
The major market indexes closed modestly higher, after wavering between slight gains and losses throughout the morning. Trading volume was light and the stock moves were small, as the Dow Jones rose rose 26 points to 12,127.
-
European markets lose early gains. Hopes slim for G7 action.
Euro STOXX 50 erases gains. Spain says it's shut out of credit markets. Eurozone retail sales, German industrial production fall. G7 finance chiefs confer Tuesday, but analysts expect little concrete action.
-
Worlds Apart
Former US Ambassador to Austria Swanee Hunt writes hauntingly of the "grand intentions and missed opportunities" that prevented us from protecting Bosnians.
-
Brzezinski: Can democracies thrive with financial systems that are out of control?
In an interview, Zbigniew Brzezinski, one of America’s leading strategists, discusses shifting global power, looking at China, Europe, Turkey, Russia, the US, and the Arab Spring.
-
BRICs, CIVETS, and PIGS: What's in a name?
A look at how financial firms use colorful nicknames to push investments.
-
The Daily Reckoning When will the debt bubble burst?
With the Fed printing more and more money, when will the federal debt problem become too big to handle?
-
The Reformed Broker For the economy, a new year with old problems
The world's fiscal issues will not simply resolve themselves by virtue of the fact that a new year has begun
-
G7 led by US can't drive the world economy anymore. G20 must step up.
As developed economies deal with debt and emerging economies like China ramp up, the G20 must spearhead coordinated, complementary policies to navigate the choppy waters ahead, especially for Europe. Austerity alone won't do the trick.
-
Should the retirement age be raised to 70?
One expert argues that life expectancy is up, so raising the retirement age is necessary to preserve benefits.
-
Emerging markets to Europe: Fix it!
Emerging markets like China and Brazil, as well as US, are urging European ministers to address its sovereign debt woes. But emerging markets, US lack consensus on solution.
-
Stock prices in Europe hit two-year low
Stock prices in Europe fall sharply after G7 finance ministers fail to come up with new measures. Bank stock prices, in particular, tumble over concerns of spreading euro debt crisis.
-
World markets respond to US credit downgrade
Today is the first day that most stock exchanges have been open since ratings agency Standard & Poor's announced its US credit downgrade from a AAA rating to AA+. Here’s how world markets have responded so far:
-
Jobs report eases US market, but EU feeling heat
A better-than-expected US jobs report helped abate selling pressures on Wall Street. But Europe's debt problems are pressuring EU officials to act.
-
China should listen to Kissinger: You're on top now, start leading
China has surpassed the US as the world's largest creditor. Beijing must now take on the accompanying leadership role. Instead of a 'Marshall Plan,' why not a 'Hu Jintao plan' that recycles some of China's surplus to benefit the whole global system?
-
Opinion: Why Lagarde should be IMF chief: Women make better leaders, sans Weiner-like libido
Christine Lagarde is the right choice to replace Dominique Strauss-Kahn as head of the IMF, and not just because of her experience. Women are more effective communicators and aren't libido-led leaders, like Anthony Weiner.
-
Opinion: As world burns, G8 leaders fiddle ... with the Internet. Seriously?
Sarkozy, Obama, and the other leaders at the G8 should be evaluating the policies that have brought them to the brink of financial ruin. Unfortunately, their attention will be elsewhere: on Internet regulation, for one thing.
-
G-20 discusses how to help Mideast and North Africa
G-20, a group of financial leaders from 20 of the world's biggest economies, meets in Washington to discuss challenges facing the global economy. The G-20 talks are focusing on how to prevent imbalances in trade and government debt.
-
High oil prices are here to stay
Global politics, a weak US dollar, and the price of gold are among the factors contributing to high oil prices
-
Micro-lending genius Yunus: Why he was done wrong
The Bangladeshi government's treatment of Muhammad Yunus, the Nobel Peace Prize winner who has lifted millions out of poverty with his micro-lending program, is shameful. And it does nothing to help the poor.
-
The Monitor's View: Five ways for Japan to recover
Just as perseverance helped the Japanese cope with the nuclear crisis, earthquake, and tsunami, other qualities can help them in the recovery phase.
-
Will the yen face a repeat of 1995?
After an earthquake in 1995, the yen appreciated quite a bit. But this time may be different.
-
Stocks end down for week amid uncertainty
Stocks on the Dow gained Friday. But the Dow average closed lower for the week, which turned out to be tumultuous for stocks.
Become part of the Monitor community