InfoAnda - APEC looks to safeguard growth amid US plan tension

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Former New Mexico Gov. Bruce King dies at age 85 | 14 November 2009
Cisco to buy ScanSafe for $183 million | 28 October 2009
Stars gather to cover 'We Are the World' for Haiti | 2 February 2010

Congo rebels row back from own ceasefire at talks | International | | 21 December 2008

Forum Views () Forum Replies ()

Read more with google mobile : APEC looks to safeguard growth amid US plan tension

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World APEC looks to safeguard growth amid US plan tension AFP - 1 hour 17 minutes ago Send IM Story Print KYOTO, Japan (AFP) - – Asia Pacific finance ministers will call on countries to rein in large imbalances to safeguard growth at an APEC meeting, amid tension over US monetary policy and its economic proposals. Finance chiefs from the 21-nation Asia Pacific Economic Cooperation group including the United States, China and Japan met in Kyoto on Saturday, after an October G20 meeting in South Korea vowed to avoid "competitive devaluation of currencies". But fault lines have emerged over a US proposal that countries assign a specific limit for their current account surpluses or deficits of four percent of gross domestic product. Beijing on Friday rejected the plan, setting up a potential showdown at next week's G20 summit in Seoul. Such a limit would force China, among others, to take steps to rein in its massive trade surplus, an issue at the centre of tensions with the US over the strength of the yuan. Saturday's meeting was to "focus on efforts to support economic growth and development in our region," Australian Treasurer Wayne Swan said, adding that APEC would help deepen policy discussions initiated by the G20. A draft of an APEC finance ministers' communique to be released Saturday takes a similar line to a statement released by G20 nations in South Korea last month against "competitive" currency devaluation, Dow Jones Newswires said. The statement also urges developed economies to rein in deficits and surplus nations to reduce their reliance on exports and undertake reforms to boost domestic demand, aiming to help rebalance the global economy, Dow Jones said. Political tensions have been high as nations caught in the US-China crossfire look to protect their export-driven growth and jostle for a trade advantage. The US, and some export-reliant Asian nations that have seen huge inflows of capital push up the value of their currencies, want China to loosen its tight grip on the yuan. Beijing, in turn, accuses the Federal Reserve of warping currency markets by maintaining a weak dollar through its loose monetary policy. Southeast Asian nations also plan to raise their concerns over the proposal to target current account imbalances at next week's G20 summit in South Korea, arguing that it could encourage trade protectionism. Finance ministers from the Association of South East Asian Nations (ASEAN) grouping met with US Treasury Secretary Timothy Geithner in Kyoto Saturday to discuss currencies, Philippines finance secretary Cesar Purisima told reporters. "We talked about several things with the interest of seeing the world continue to grow out of the present situation," he said. Japan Finance Minister Yoshihiko Noda also met with Geithner in Kyoto Saturday. "The need to correct external imbalances and to coordinate broad macroeconomic policies to achieve that end... is our shared goal," Noda said. Japan intervened in currency markets for the first time in six years in September to deal with a yen whose 15-year highs against the dollar have hurt the crucial growth-driving export sector. Asian nations cite super-loose US monetary policy as a factor roiling currency markets, hammering the dollar and prompting a wave of speculative money to pour into Asia and drive up regional currencies. Pressure on the greenback has increased after the US Federal Reserve this week announced 600 billion dollars in further easing measures to pump money into the US economy, a move rounded on by Asian countries including China. The Fed's announcement, which follows a similar round of quantitative easing worth about 1.5 trillion dollars during the crisis, has stoked fears of a deluge of speculative cash into emerging markets by players seeking higher non-dollar returns. Thai Finance Minister Korn Chatikavanij warned Friday that the latest round of easing measures by the Fed will likely lead to increased capital flows into Asia. Recommend Send IM Story Print Related Articles HIGHLIGHTS-Key quotes from APEC finance ministers' meeting Reuters - 16 minutes ago WRAPUP 1-Obama arrives in India eyeing jobs for America Reuters - 16 minutes ago Thailand's Korn: FX not only tool for imbalances Reuters - 25 minutes ago TEXT-Joint statement from APEC fin ministers Reuters - 38 minutes ago Air India expects first Boeing 787 in June 2011 Reuters - 49 minutes ago News Search Top Stories Dell has not ruled out going private, CFO says Tomas lashes Haiti, leaving six dead US adds jobs for first time since May RBS bank plunges back into loss RBS plunges into red with third quarter loss More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended RBS bank plunges back into loss World's oldest axe found in Australia Be fit, have fewer colds: study RBS plunges into red with third quarter loss NASA comet fly-by yields rare images from deep space More Most Viewed » Alcohol more harmful than heroin, crack cocaine: study Toddler survives seven-floor fall in France Spectacular unknown species found in Amazon Ancient galaxy is more than 13 billion light years away Moon's 'treasure chest' includes silver More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Saturday, 6 November 2010
Iraqi al Qaeda group predicts more bloody days
US-TECH Summary
Al Qaeda's Yemen wing claims parcel bomb plot, UPS crash |
Protestors stop nuclear waste train in France
Afghan police: Suicide bomber kills 9 in northwest
BlackBerry's corporate dominance seen eroding
Italy to liberalise wifi access from 2011: minister
US adds jobs for first time since May
Afghan police: Suicide bomber kills 9 in west
Mosque blasts in Pakistan's NW kills at least 71 |
Afghan president: Suicide bombing kills 5 in west
Russian Facebook investor soars on London stock debut
Mexican drug gangs boost meth sales with new methods |
3 NATO service members killed in Afghanistan
Washington Post Co. net profit soars
Hundreds abused during Angola expulsions, U.N. says |
Syria risks IAEA action over suspected atom site: U.S. |
2 NATO service members killed in south Afghanistan
Obama hunts jobs in Asia mission
Another Foxconn worker falls to death in China
China, France join forces for world monetary reform
U.S. defends human rights record at U.N.
Obama leaves US election wreckage for Asia
Lawsuit filed in Okla. against Islamic law ban
Mosque blasts in Pakistan kills at least 71
US wants New Zealand troops to stay in Afghanistan
China warns Western envoys off Nobel ceremony: diplomats
Clinton (again) denies presidential ambitions
BlackBerry's corporate dominance seen eroding |
China-Japan 'ship collision video' leaked on YouTube
North Korean gymnast banned for lying about age
US-ENTERTAINMENT Summary
Bono's Spider-Man musical on Broadway delayed again
Not-quite-last touches for pope's visit to Barcelona
Artist Ai Weiwei says under house arrest in Beijing
Taiwan to open its first international expo
Islamophobia like 1930s anti-Semitism: Islamic forum head
China leads criticism of US Fed policy move
Pakistan to meet IMF team on Nov 13 for more talks
Vietnam raises key interest rates
ADB calls for China currency flexibility
Pakistani stocks end on 26-mth high; rupee firms
Bono's Spider-Man musical on Broadway delayed again |
MSNBC suspends Olbermann over political donations |
Dark, euthanasia comedy wins Rome film festival |
Lebanon probes attack on U.N. court investigators
Pope fights to reclaim Spain from social change
Al Qaeda Yemen wing claims parcel plot, UPS crash |
Georgia busts Russian spy ring, outrages Moscow
Microsoft's Ballmer sells 12 percent stake in company
Mexico kills top drug lord at U.S. border |
Dell has not ruled out going private, CFO says
Tomas lashes Haiti, leaving six dead
US News and World Report going Web-only
Spotlight on Suu Kyi as Myanmar enters new territory |
Engine problems hit second Qantas aircraft |
Hurricane Tomas kills seven in Haiti |
Google bars data from Facebook as rivalry heats up
Dalai Lama in Japan, backs Chinese dissident Liu |
American rebel Berenson granted parole in Peru
Al Qaeda Yemen wing claims parcel plot, UPS crash
France, China urge balanced trade, reform |
World powers are united on Iran uranium offer: France
U.S. defends human rights record at U.N.
Rescuers find black box of crashed Cuban plane |
US-ENTERTAINMENT Summary
Aussies 'hapless, woeful' against Sri Lanka: press
Michael Jackson new album vocals genuine, Sony says
Double Pakistan mosque attacks kill 65
China, France join forces for world monetary reform
Clinton in Australia for security talks
Indonesia reaches out to prodigal son Obama
Japan still to blame, China says after ship video leak
19 dead in China mall fire: media
Obama hunts jobs in Asia mission
US porn maker to resume filming after HIV scare
France, China urge balanced trade, reform
Google bars data from Facebook as rivalry heats up |
Actress Jill Clayburgh dies at age 66
Actress Jill Clayburgh dies at 66
SAP to get its shot at Ellison in high-stakes trial |
'Big Bang' launches Poland's first science centre
Microsoft's Ballmer sells 12 percent stake in company |
New Michael Jackson record to be released
Contractor alleged Hurd divulged EDS plan: source |
Nuns collect 262,000 dollars for rare Wagner card
Peruvians march to get Machu Picchu items back from Yale
APEC looks to safeguard growth amid US plan tension
US cable network suspends host over political donations
Japan to join Pacific free-trade talks: reports
Canadian lottery winners give most of cash away
Panicked Indonesians flee deadly volcano
Sprint axes China's Huawei, ZTE 'on security grounds'
IMF agrees deal to give emerging powers more say
IMF, Pakistan agree on budget deficit target
Asia resists US push to target trade surpluses
Actress Jill Clayburgh dies at age 66 |
NATO probes report of rogue Afghan attack on troops
Medvedev vetoes law restricting protests
Car bombs wound 25 in Iraq's Kirkuk
Spanish premier visits troops in Afghanistan
Radicals 'smell victory' in Afghanistan: broadcaster
Germany, China Lead International Criticism Of Decision By U.S. Federal Reserve To Buy $600 Billion In Bonds
Drug Agents Say They Shut Down Drug Cell in Atlanta
Spanish prime minister visits Afghanistan
McCain Castigates Obama For Demonizing Outsourcing, Endorses India For UNSC Permanent Seat
NATO: Afghan soldier may have killed 2 NATO troops
Leading Russian journalist in coma after assault |
MTV VJ Lenay Dunn Honored At TheFrisky.com Party At The Gates
Arrests made over Afghan U.N. raid |
Hillary Clinton Sends Diwali Greetings To Indians Globally
PM says Greek credibility at stake in local polls |
"Hiccup Girl" Denied Bail In Murder Case
HR Professionals Expect More Hiring During November
Pirates release South Korean supertanker |
Cable Subscribers Fleeing Providers In Massive Numbers
ABC Orders New Reality Competition Show From Mark Burnett
Obama unveils major deals on 'job fair' India visit
Murdered politician buried in Pakistan
White ex-transit officer's sentence sparks protest
Dalai Lama in Japan, backs Chinese dissident Liu
Death toll from Philippine rains rises to 11
No signs of N.Korea nuclear processing: US envoy
HK legislators to attend Nobel peace prize ceremony
Google bars data from Facebook as rivalry heats up |
Asian Games torch arrives in host city Guangzhou
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01