InfoAnda - G20 faces balancing act to safeguard recovery

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

"Smithsonian" atop overseas box-office pedestal | 1 June 2009
Ra Ra Ramallah booms to Boney M | 22 July 2010
Syria says US permits money transfer to charity | 16 February 2009

Clinton, Gates in South Korea to show support | 21 July 2010

Forum Views () Forum Replies ()

Read more with google mobile : G20 faces balancing act to safeguard recovery

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 Singapore Asia Pacific World G20 faces balancing act to safeguard recovery AFP - 1 hour 24 minutes ago Send IM Story Print G20 faces balancing act to safeguard recovery Slideshow: Full Photo Coverage: Business & Economy BUSAN, South Korea (AFP) - – Finance ministers from the world's biggest economies must balance efforts to shore up a fragile global recovery with the need to slash deficits when a G20 meeting gets underway later Friday. With the sovereign-debt crisis in Europe forcing countries there to accelerate debt-reduction measures, fears are growing that moves towards tough austerity could hit growth and derail a recovery whose durability is at risk. "It's important that we understand just how fragile the recovery is," said Trevor Manuel, minister in the presidency for South Africa and former finance minister. "Economies around the world are raising the spectre of a double-dip recession and this presents the opportunity to take decisions to prevent the world from going into a fresh recession." Officials are wary of shifting too quickly towards emphasising deficit cuts over sustaining growth despite the threat of bond markets hammering debt-hit governments, as witnessed recently with Greece's soaring borrowing costs. "We shall have to achieve economic recovery, at the same time we cannot give up fiscal prudence," India's Finance Minister Pranab Mukherjee told AFP. "So striking a balance between two apparently contradictory situations is to be achieved. That is the challenge." But as ministers started two days of meetings in Busan, South Korea, there were indications that they would struggle to carve out a consensus on how to impose tougher restrictions on the banking sector as viewpoints diverge. "Further deliberation of this issue" was needed, said Sakong Il, chairman of Seoul's presidential committee for the G20 summit. The weekend meeting must "try to make sure leaders (who will meet for the G20 summit in Toronto later this month) can come up with general principles" for banking reform, he said. Members such as the US whose economies are largely financed by markets want banks to be required to hold more assets on their balance sheets to protect against any future crises. But policymakers in continental Europe, where banks provide more financing, worry that higher reserve requirements may hit growth. And a global banking tax is supported by European powers and the United States but resisted by some developing nations plus Canada and Australia, who argue that they should not have to pay to clear up a mess they did not create. "Our banking system could withstand the trouble which counterparts in Europe and America had to face, mainly because of well-placed regulations," said Mukherjee. "Well-placed regulations can achieve the job... we are not in favour of taxing the banks." On Wednesday US Treasury Secretary Timothy Geithner sought to prod economic powers towards a set of common financial rules, as he tried to prevent competing national rules from throwing up fresh trade barriers. Stricter capital rules being devised by Basel regulators have been integral to the G20 agenda after the group emerged as the main forum for handling the global financial meltdown in 2008. New Basel rules are supposed to be ready by the end of 2010 and the G20 says it aims to implement them by the end of 2012 if the global economy has emerged from the downturn. Sakong said the group must work to narrow the development gap between rich and poor nations to ensure sustained growth in efforts to rebalance the global economy. "It is just not possible for the world to achieve sustainable and balanced growth as long as there's a persistent gap in development," he said. The meeting Friday and Saturday will prepare for a G20 summit in Toronto on June 26-27 of the top developed and developing nations. Recommend Send IM Story Print Related Articles Boeing eyes Asia to expand its defence business AFP - 21 minutes ago Asian markets lower as dealers await US jobs data AFP - 46 minutes ago G20 faces balancing act to safeguard recovery AFP - 1 hour 24 minutes ago Asian markets lower ahead of US jobs report AP - Friday, June 4 World Bank meet: G20 agenda should add development AP - Friday, June 4 News Search Top Stories Cricket sex video reveals wild mating behavior Obama hopes for boost in unemployment battle Global stocks mostly higher 'Mars crew' locked up for 520 days of isolation BP rocked by ratings downgrades More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Russia finds 10,000 bombs on sunken German ship 'Mars crew' locked up for 520 days of isolation US debt tops $13 trillion for first time Briton warned of 'rampage' before shooting 12 dead BP rocked by ratings downgrades More Most Viewed » Hubble catches planet being devoured by its star The point about pain: New study sheds light on acupuncture Ocean fish could disappear in 40 years: UN Paris museum burglar grabs 120-million-dollar art haul US team creates first 'synthetic life' 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 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 Asia Entertainment Photos World Cup 2010 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 Friday, 4 June 2010
Dutch citizen held in Peruvian murder
France's Le Monde vows independence as it seeks new owner
Afghan peace conference heads toward Taliban talks
Doorstep bank raids plague cash-loving Argentina |
Swedes choose text messages over phone calls: authority
Obama gets boost in battle against jobless recovery
Russia finds 10,000 bombs on sunken German ship
EU and U.S. eye human rights in terrorism prevention |
Israel using 'pirated' footage to defend raid: media body
'Mars crew' locked up for 520 days of isolation
Canada unveils arsenal for anti-G20 protests |
Google buys advertising technology startup Invite Media
Eric Roberts, Julie Benz, Anna Kournikova To Attend Celebrity S.O.S. For Oil Spill Relief
Chile nabs Dutch man linked to Aruba mystery |
EU court deals setback to online betting sites
U.N. head offers help to Congo activist death inquiry |
German minister no longer friends with Facebook
Hearst buys an Internet marketing company: report
North Yemen clash kills four, threatening truce |
Microsoft sets up new research centre in Taiwan
Raul Castro turns 79 with eyes on future |
Spain edge South Korea in World Cup warm-up match
US senator nixes Myanmar trip over nuclear concern
Korean war 'may break out at any moment': North Korea
Indonesian anti-terror chief sees danger in Obama's visit
Survey Finds Fewer Teens Admitting Intercourse
U.S. Productivity, Service Sector Expand But Less Than Expected
Dell CEO says has considered taking company private |
Cedar, Upper Delaware Rivers Top Most Endangered List
Cancer Cases Projected To Double Worldwide By 2030
Microsoft CEO says changing market not a danger |
Mild Tremors Reported In Pennsylvania
German minister sees Facebook fined over privacy |
Ford Motor To End Mercury Brand After Seven Decades
Monet water lilies star in 'most valuable' London auction
New York GOP Overcomes Rifts To Nominate Lazio For Governor
One in five US teens abuses prescription drugs: study
Taiwan demonstrators scuffle with police over trade pact
Excavation throws up 1980s lunch
G20 warns global recovery still fragile: draft
Poverty an obstacle to saving Liberia's rainforest
GM China sales slow slightly in May
Spill threatens Florida's beaches and tourism
Vintage McCartney lifts somber White House
American Idol champ makes lukewarm U.S. charts debut |
Golden Girls actress Rue McClanahan dies of stroke |
Author Henry Roth's hero resurrected in final novel |
Afghan jirga seens as 'last hope' for peace
Dutch citizen held in Peruvian murder
Bid to curb oil spill in 'hands' of deepsea robots
Japan ruling party picks Kan for PM before election |
Afghan delegates hash out peace statement
Cricket sex video reveals wild mating behavior
Dell founder considered taking company private
Afghan jirga to call for peace with Taliban |
British PM visits scene of gun massacre
NY Times to feature FiveThirtyEight politics blog
Global stocks mostly higher
Merkel taps potential challenger as German president
Bangladesh fire death toll at 114, set to rise |
Obama Going To India In Early November, Reiterates Strategic Partnership
Afghan peace conference heads toward Taliban talks
Google buys advertising technology startup Invite Media
Nickelodeon Debuts New Episodes Of "iCarly," "Victorious," "Big Time Rush"
South Korea urges world to rein in reclusive North |
ABC Sees Record Memorial Day Viewership With "Bachelorette," "True Beauty"
New 'ThunderCats' Cartoon Coming To TV
U.S. Markets Rise On Mixed Economic Data
Krispy Kreme Q1 Profit Doubles, Same Store Sales Rise
Old and the new mingle at Afghan peace jirga |
Chile holds Dutch man linked to Aruba mystery |
Japan's new PM takes power
Mumbai attacker challenges death sentence
New Apple iPhone on tap but may fail to dazzle |
U.S. faces remote sabotage cyber danger: general |
Obama postpones trip to Australia, Indonesia
Hospitals swamped as Dhaka blaze kills 109
11 trapped in China coal mine flood
Chunghwa Telecom wants iPad and next-gen iPhone in Taiwan |
Red Cross aids drought-hit Philippines
Death toll from China landslides rises to 44
G20 faces balancing act to safeguard recovery
Taiwan urges China to learn Tianamen lesson
Asian markets lower as dealers await US jobs data
EU court says countries can ban online gambling |
World Bank meet: G20 agenda should add development
Thousands in Hong Kong expected for Tiananmen vigil
Taiwan president faces hurdles in key China deal
Churchill cigar sold at auction in London
Ahmadi sect pleads for help after Pakistan killings
Comedy supplants news as most popular online video: Pew
Usher holds on to top spot on U.S. singles chart |
Jeremy Renner near deal to join Marvel's Avengers |
Rarefied art world gets reality TV competition |
Joseph Fiennes, Eva Green enter realm of Camelot |
Carrie Fisher's Drinking headed to HBO as doc |
Afghan jirga calls for peace process commission
EADS to unveil algae-powered aircraft
Euro plunges to four-year dollar low
Turkey says may cut ties with Israel to minimum |
Afghan jirga calls for peace commission to end war
Bishop's murder clouds papal trip to Cyprus
Trade flourishes as Syria befriends old foe Turkey |
Asian markets lower as dealers await US jobs data
Iran regime being ruined: opposition leader Karroubi
Weak Economy Means Most New Jobs In May Were Temporary U.S. Census Work
Afghan conference calls for talks with militants
'Golden Girl' Rue McClanahan dies at 76
Man Charged In Largest Marijuana Seizure In Boston
Cyclone halts oil and gas in Oman |
Malaysian Muslims stage anti-Israel protest
Afghan delegates support talks with Taliban
Home Invader Shot With His Own Gun
Cap Installed Over Leaking Rig As BP Gets $69M Bill For Clean-Up
Greeks will stone politicians who fail on graft: PM |
2 Million Die Annually Because Of Lack Of Professional Care At Birth
Santos well ahead for Colombian run-off vote: poll |
Olive Oil-Based Diet Could Help Breast Cancer Survivors Lose Weight
Obama Again Postpones Trip to Indonesia, Australia
Iran leader raps opposition before vote anniversary |
N.Korea claims 'super drink' breakthrough
French Muslim Council warns government on veil ban |
Tiananmen activist arrested in Tokyo
S.Korea refers ship sinking to UN Security Council
Indonesia's smoking boy to have specialist care
Australia plans toadbuster tourism
Myanmar nuclear arms drive under way: media
Aussie diners eat up Apple's iPad -- as menu
'Rock star' welcome after British rower crosses Pacific
US concerned over Myanmar's military ties with N.Korea
New Apple iPhone on tap but may fail to dazzle |
Facebook CEO says no date in mind for IPO |
China UnionPay hits back at Visa in cards row
China sees limited impact of euro crisis on exports
U.S. faces remote sabotage cyber danger: general |
Toyota slashed director pay by 11% in fiscal 2009
Dell CEO says considered taking company private |
Sri Lanka, Emirates close to deal on airline buy-back
Microsoft CEO says changing market not a danger |
Yen drifts lower in Asian trade
Chunghwa Telecom wants iPad and next-gen iPhone in Taiwan |
Britons 'are Europe's worst-dressed tourists'
Honda says operations resume at Chinese plant
Book asks: Is Internet ruining our minds? |
Italian prison island reborn as white donkey haven
German minister sees Facebook fined over privacy |
G20 finance chiefs mull growth agenda, finance
Nokia unveils 4 cheap phones |
EU court says countries can ban online gambling |
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