German court suspends key parliament committee

The work of a special committee designed to speed up Berlin's decisions on the use of the eurozone bailout fund has been suspended after complaints about its legality.Due to have started work on Friday (28 October), the nine-person committee was instead issued with a temporary injunction by Germany's constitutional court in Karlsruhe.

Brussels is stifling City of London, Cameron claims

David Cameron signalled new European battles ahead as he pledged to resist alleged attempts by Brussels to shackle the City of London in red tape.

Eurozone seeks bailout funds from China

The head of the eurozone's bailout fund is beginning attempts to persuade China to invest in a scheme to help rescue member countries facing debt crises.

Olympus Chairman to step down amid public row

Olympus Chairman and President Tsuyoshi Kikukawa is stepping down with immediate effect, the Japanese camera maker said Wednesday.

Wall Street banks getting NSA intel on foreign hackers

Amid fears of financial sabotage, one of the nation's top spy agencies is sharing intelligence on foreign computer hackers with Wall Street investment banks, Reuters is reporting.

Euro Zone Looks Abroad to Get Support for Bailout

BRUSSELS — Struggling to assemble a credible backstop for their troubled single currency, European Union leaders on Sunday reached out for wider international support for their bailout fund by seeking investment from non-European countries or the International Monetary Fund.

Rescuing the global economy

The state of the world economy could hardly be gloomier. Developments in the bond markets, particularly in the case of sovereign debt, are causing much anxiety among investors.

Little reassurance is offered by macroeconomic trends: in the US and Europe, employment data offer no room for optimism and even China’s growth rates have been affected by the slowdown in global trade. Business decisions are on hold and the risk of a double-dip recession appears ever harder to escape.

G20 Fails to Solve Global Economic Crisis

From G4 to G7 to G20, the capitalist leaders have used the forums to protect imperialist trends and capillarity corporate exploitative profit interests. Some over greedy nations from developing world looking to gain access to manoeuvrings by US-UK terror twins have joined the club to secure some place on the "high" stable but n fact only assist the G7 rogues that control the UNSC-5 to mainly promote their interests.

The most crucial issue of climate change has remained either on the periphery of debates of G20 or just found nowhere.

Oil prices drop after G20 fail to lift confidence

NEW YORK: Oil prices ended lower on Monday after the Group of 20 meeting in Paris on the weekend failed to solidify market confidence in the global growth picture and Europe's financial soundness.

New York's main contract, light sweet crude for delivery in November, fell 42 cents from Friday's close to finish at $86.38 a barrel.

RI healthy despite worsening global economy: G20

The recent meeting of the G20 grouping of the world’s largest economies praises Indonesia’s “good economic growth and fundamentals” amid the worsening global economic conditions.

“In other emerging economies with rapid growth, there is potential of overheating due to spiking inflation. In Indonesia, inflation remains manageable,” said Finance Minister Agus Martowardojo, who attended the G20 finance ministers and central bank governors meeting on Oct. 13-14 in Paris, France. “So, generally, we’re ready to tackle the global economic slowdown without reducing our preemptive efforts,” he said on Monday.

Euro crisis, yuan sow discord as G20 gathers

G20 finance ministers will press Europe this week to find an urgent solution to its debt crisis, with a row between Washington and Beijing over the yuan threatening efforts to address broader global imbalances.

An economic slowdown and market slump has been met with discord within the Group of 20 rich and developing economies that makes up 85 percent of global output, a stark contrast to 2009 when the group launched a coordinated stimulus to pull the world economy back from the brink.

Jobless fall reduces need for rate cut

Federal Treasurer Wayne Swan will have something else to brag about when he catches up with his G20 counterparts this weekend - Australia's jobless rate is on the decline again.

Having steadily risen since April, new data on Thursday showed the unemployment rate unexpectedly declined to 5.2 per cent in September as 20,400 people joined the workforce, double the amount forecast by economists.

G20 finance chiefs to discuss Europe's 'comprehensive plan'

NEW YORK (CNNMoney) -- Finance ministers from the world's leading economies will focus on ways to strengthen the faltering global recovery at a meeting later this week, according to a senior U.S. Treasury official.

Lael Brainard, under secretary for foreign affairs at Treasury, said the debt crisis in Europe "represents the most serious risk to the global recovery today."

Economists call on G20 finance ministers to stop food speculation

Over 450 economists from around the world have written to the finance ministers of the G20 countries calling on them to put a stop to financial speculation in commodity markets, which causes higher prices and fuels hunger.

The letter signed by economists, from top universities such as Oxford, Cambridge, Berkeley, Cornell and the London School of Economics, adds to the ongoing and growing campaign to stop food price speculation.

G20 must advance currency reform: WTO's Lamy

The Group of 20 nations must make headway on a coordinated reform of the international currency system and eschew the unilateral actions that serve only to harm global commerce, World Trade Organization chief Pascal Lamy said.

If the G20 summit in Cannes next month failed to take a step toward closer cooperation on macroeconomic policy, trade was likely to become a scapegoat for systemic failings, he said in Berlin, according to the text of a speech published on Thursday by the WTO.

Avoid risky assets until November G20 meet: Citi strategist

(Reuters) - Investors should shun all risky assets and hold cash until early November when the Group of 20 leading economies (G20) meets to find a solution for the euro zone debt crisis, a Citigroup (C.N) strategist said.

"The way with which the euro zone crisis is managed will dictate whether or not we have slow growth in the United States or a global financial crisis," John Woods, chief Asian strategist at Citi Private Bank, told the Reuters Global Wealth Management Summit, on Tuesday.

Lee stresses G20 role in financial crisis

President Lee Myung-bak Monday indicated the important role of international economic cooperation in forums like the G-20, Monday, in not only protecting Korea but also finding long term solutions to global financial instability, particularly Europe’s sovereign debt crisis.

"We have surmounted the previous global financial crisis in the fastest and most successful fashion in the world,” Lee said in a radio address.