InfoAnda - US urges G20 to back economies throughout crisis

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

Michael J. Fox hosts special on hope | 10 March 2009
'Slumdog' on pole as Oscars reach home stretch | 16 February 2009
China shares rise on higher manufacturing data | 3 September 2009

Indie British film Submarine gains U.S. buzz | | 27 June 2011

">Forum Views () ">Forum Replies ()

Read more with google mobile : US urges G20 to back economies throughout crisis

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: US urges G20 to back economies throughout crisis AFP - Thursday, March 12 WASHINGTON (AFP) - - The United States said Wednesday it would call on the Group of 20 nations to support their economies throughout the global economic crisis and endorse an IMF proposal to measure their efforts. ADVERTISEMENT Ahead of a G20 finance chiefs meeting in Britain this weekend, Washington laid out its approach to countering the worst economic crisis since the Great Depression and making sure such a crisis does not happen again. President Barack Obama called for a two-pronged G20 effort to fix the global economy, using stimulus and regulatory reforms. "We've got two goals in the G20," Obama said at a joint media appearance with Treasury Secretary Timothy Geithner. "The first is to make sure that there is concerted action around the globe to jump-start the economy. The second goal is to make sure that we are moving forward on a regulatory reform agenda that ensures that we don't see these kinds of systemic risks and the potential for this kind of crisis again in the future." The comments came amid a rift between the United States and some European leaders over the direction of crisis efforts ahead of an April 2 summit of G20 developed and developing countries in London. The G20 meeting of finance chiefs and central bank governors on Saturday in Horsham, England, is to lay the groundwork for the London summit and coordinate efforts decided at an emergency G20 Washington summit in November. The White House has been pressing for more spending by G20 countries, after enacting a 787-billion-dollar stimulus last month, while some Europeans argue that spending measures already are under way and instead the focus should be on improved regulation to prevent too much risk-taking in the global financial system. After a meeting of eurozone finance ministers Monday, their chairman Jean-Claude Juncker of Luxembourg rejected the US calls for more pump-priming, saying they "do not suit us." But Geithner underscored the administration's drive for more stimulus spending to rescue the sinking global economy and the means to measure it. "It is important for G20 nations to commit to substantial and sustained actions for a period that matches the likely duration of the crisis," Geithner said in a subsequent statement. The Treasury secretary endorsed an International Monetary Fund proposal for countries to establish fiscal stimulus of 2.0 percent of gross domestic product for 2009 and 2010. Geithner called the proposal a "reasonable benchmark to guide each of our individual efforts." The US wants the G20 to ask the IMF "to report quarterly on countries' stimulus efforts scaled against the relative shortfall in growth rates," he said. Geithner said "the US will lead" in the ongoing reform of the supervisory and financial regulatory framework to make sure no such crisis reoccurs. "You're going to see from the United States very, very strong support for an ambitious set of reforms globally because ... everything we do domestically, the strength in our system is going to require complementary action by other countries," he told reporters. Geithner pledged that Washington would present the key elements of its regulatory reform program before the G20 April summit. On Tuesday, Federal Reserve chairman Ben Bernanke called on governments to forge a global strategy to regulate the financial system to tackle the crisis, in remarks that helped unleashed a powerful rally on battered Wall Street. Geithner also urged the G20 countries to take swift actions to help emerging market and developing economies weather the worst economic slump in decades. The G20 includes the Group of Seven industrialized countries -- Britain, Canada, France, Germany, Italy, Japan and the United States -- the European Union and leading emerging powerhouses such as China and Brazil. Geithner also said the US wants a "clear roadmap" toward increasing the voting shares and financial roles of the dynamic emerging market economies in the international financial institutions. "To this end, the United States favors accelerating the conclusion of the next IMF quota review to January 2011 and aligning the World Bank process with that of the IMF," he said, as well as resubmitting to Congress legislation to pave the way for the IMF to sell its gold assets. Obama said "it's very important to make sure that other countries are moving in the same direction, because the global economy is all tied together." "I am actually optimistic about the prospects -- everybody understands, we are in this together," said the Democratic president, who took office seven weeks ago. Email Story IM Story Printable View Blog This Recommend this article Average (1 vote) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo US President Barack Obama (R) speaks after receiving the economic daily briefing with US Treasury Secretary Timothy Geithner in the Oval Office of the White House in Washington, DC. The Group of 20 should support their economies throughout the "likely duration" of the global economic crisis, Geithner said Wednesday. Most Popular – Top Stories Viewed Chimp used planning skills to attack humans Citi outlook sparks explosive Wall Street rally World faces 'Great Recession': IMF chief German school gunman kills 15 Swiss bank UBS says earnings 'at risk' View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Thursday, 12 March 2009
Sarkozy says France will rejoin NATO command | International |
Rebel soldier ousts Madagascar's army chief | International |
Banker seriously injured in Moscow attack: reports | International |
U.S. queries Israel's toilet-paper rules for Gaza | International |
Ecuador captures FARC rebel wanted by U.S. | International |
Google to target ads based on online activity | Technology |
New EBay will zero in on PayPal as growth slows | Technology |
Intel chief worried about U.S. deficit | Technology |
Comcast says it's now No. 3 U.S. home phone provider | Technology |
Vodafone to offer restriction-free music service | Technology |
Ashton Kutcher wrestles with life in new movie | Entertainment |
Rare Roy Rogers guitar heading for auction block | Entertainment |
Big Love network apologizes to Mormons | Entertainment |
North Korea tells international agencies of rocket plans | International |
Former Saddam aide Tareq Aziz jailed for 15 years
Teenage gunman kills 15 in German school attack | International |
Iraqis defend security forces after attacks
U.S. tries to play down naval confrontation with China | International |
Reporter detained in Iran in good spirits
Sarkozy says France will rejoin NATO command | International |
US urges G20 to back economies throughout crisis
Saddam's mouthpiece Tareq Aziz jailed for murder
Security tight as Pakistani protesters gather | International |
Gas leak delays launch of space shuttle Discovery
Jobless China graduates mired in gloom amid slowdown | International |
Tariq Aziz, Saddam-era official, gets 15-year term
World population to reach nine billion by 2050: UN projections
Sri Lanka troops kill Tamil Tiger finance chief | International |
More tribes sign peace deal with Pakistan: official
Global airlines warn of stormy 2009
Germany issues warrant for Nazi guard suspect | International |
German industrial slump stuns analysts
China's SARS hero demands apology for detention | International |
Freddie Mac board names interim CEO, chairman
Norway pension fund loses 71.5 bln euros
Zimbabwe court orders release of MDC official | International |
German school gunman kills 15
Population growth, climate change sparking water crisis: UN
Population growth, climate change sparking water crisis: UN
Man with grudge kills 10 in Alabama shooting spree
Panama must adjust labor laws, trade lawmaker says
Google turns voicemail to email | Technology |
Officials: US to name envoy for Gitmo closure
Apple rolls out talking iPod Shuffle | Technology |
Online networking more popular than email | Technology |
Italy high court backs govt in CIA kidnap case: ANSA
Engineers find way to build a better battery | Technology |
Getty Images in deal to distribute Flickr photos
eBay zeroes in on PayPal in much-needed overhaul | Technology |
Obama signs $410 billion bill to fund U.S. government
Facebook goes live in Arabic
Google to target ads based on online activity | Technology |
Staff Sgt. Chad Caldwell: `Life of the platoon'
Miami Herald sacks 175, cuts wages
SAP, Sybase plan iPhone, Windows Mobile software | Technology |
German arrest warrant for Nazi guard 'Ivan the Terrible'
Google launches targeted advertising system
Microsoft unveils mobile phone application store plans
LonelyGirl15 starring in WB.com series | Technology |
Intel's Barret worried about U.S. deficit | Technology |
French lawmakers debate anti-piracy bill
German flags at half mast after school bloodbath
Cablevision to stop selling analog TV by year-end | Technology |
Wal-Mart to enter medical records digitization market
Sarkozy marches France back into NATO command
Battery breakthrough promises phone, car revolution
Spain marks fifth anniversary of Madrid train bombings
eBay zeroes in on PayPal in much-needed overhaul
ADVISORY: Wal-Mart e-records story is withdrawn
Battery breakthrough promises phone, car revolution
Germany issues warrant for Nazi camp guard
Nokia launches 3 music phones
Seven hurt in grenade blast in Kiev: Interfax
British police help with Bangladesh mutiny probe
Jonas Brothers announce world tour dates | Entertainment |
Tom Brokaw to hit the road for new TV project | Entertainment |
Aussie Ogilvy seeks to defend WGC title
Chris Brown withdraws from Kids' Choice Awards | Entertainment |
NKorea accuses Obama's government of interference
Prince books four-night Leno gig | Entertainment |
Clinton says "range of options" on N.Korea missile
Icahn says talks with Lions Gate break down | Entertainment |
'Peking Man' 200,000 years older than thought: study
Rare Roy Rogers guitar heading for auction block
Clinton, Chinese minister meet amid sea tensions
US, China play down tension as talks begin
U2 makes 7th trip to top of U.S. album chart | Entertainment |
Beijing urges US to respect China's security: state media
Sri Lanka tightens security after suicide blast
4 bodies recovered from capsized Thai dive boat
SKorea central bank freezes key interest rate at two percent
Thousands behind White House vegetable 'plot'
China's exports make record drop, but car sales up
Japanese economy shrinks 12.1 percent in Q4
Danish sex museum closes for lack of money
Seoul shares open flat, LG Display tumbles
Britain's Fat Duck restaurant reopening after health scare
NZ manufacturing falls for 10th month in Feb-survey
Judge orders rapper 'C-Murder' to remain jailed
New Zealand food prices rise 0.2 pct
Book: Columbine shooters mentally ill, not bullied
NZ central bank cuts key rate for 6th time
Advocates say program keeps kids awake
Cut-price Britain-Asia airline takes off
From Russia with love by Kenzo
Pakistan's 6-mth T-bill cut-off yield at 11.7845
Tyra Banks takes on issue of teen dating violence
Sesame Workshop announces layoffs
Kazakh leader calls for single global currency
Rare Roy Rogers guitar heading for auction block
Vodafone to offer restriction-free music service
Afghans should handle Taliban talks: envoy
Helicopter crashes off Canada coast, 17 missing | International |
International aid workers kidnapped in Darfur | International |
German town in shock after school shootings | International |
Drug firm Roche in $46.8 bln deal for Genentech
Iraq shoe thrower sentenced to three years in jail | International |
Air France-KLM readying to order long-haul jets: report
Teens with low vitamin D have higher risk of heart disease
Austrian incest father set to go on trial | International |
Israeli hiker falls to death from rescue helicopter | International |
Pope pained over hate, hostility against him | International |
Population growth, climate change sparking water crisis: UN
After Iraq, more US caution on preemptive attacks: Gates
Alabama gunman kept 'gripe list,' survival gear
Nortel in talks to break itself up: report | Technology |
Apple rolls out talking iPod Shuffle
Facebook begins rolling out revamped home page
Sirius XM sees better results in difficult 2009 | Technology |
Dell cutting jobs in North Carolina, Texas
Thousands protest for peace in N. Ireland
Comcast says it's now No. 3 U.S. home phone provider
Chris Brown withdraws from Kids' Choice Awards | Entertainment |
U2 want to rework early music | Entertainment |
Tibet's Potala Palace receives protection boost
Marvel delays The Avengers, Thor releases | Entertainment |
China plans subsidies for unemployed migrants
Jackson extends UK run to 44 gigs, fans frustrated | Entertainment |
Pakistan charge protesters at march launch
UK paper sloppy over Peaches Geldof article | Entertainment |
After fighting, Sri Lanka needs devolution: India
Two French men sentenced over child sex in Asia
Rising navy, assertiveness behind US-China flap
Report: NKorea indicates April satellite launch
N.Korea to launch satellite in early April: SKorea
Japanese economy shrank 12.1% in Q4
Global Weather-Celsius
Japan confirms nightmare Q4 as Asian markets fade
NKorea says it is taking launch safety measures
FACTBOX-South Korean measures to fight crisis
Japan wants G20 to work together on economy
Tourist plunge exacerbates Pakistan woes
Icahn says talks with Lions Gate break down
China plans subsidies for unemployed migrants
Prince books four-night Leno gig
China retail sales growth slows, as consumers fret
It's a boy for Anne Heche and beau James Tupper
HIGHLIGHTS-S.Korea central bank chief comments after rate pause
Jack White forms yet another new band, new CD
Jasmine Murray dismissed from 'American Idol'
China industrial output up, retail spending weaker
Nintendo sells 100 million DS consoles
U2 makes 7th trip to top of U.S. album chart
Tom Brokaw to hit the road for new TV project
Jon Stewart, Jim Cramer to take each other on
pedal-powered submarine for two, $70.000 price tag
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