Korean Middle Power Diplomacy: The Establishment of MIKTA

Amidst the flurry of diplomatic consultations that focused on Syria and Iran among other issues at the UN General Assembly, five countries that consider themselves as newly emerging middle powers and G-20 members have banded together in a little-noticed move to form a new consultative group and to create a new acronym: MIKTA (Mexico, Indonesia, Korea, Turkey, and Australia).

Study: U.S. economy less open than Romania's

The United States may advertise itself as an economy that’s open to the world. But compared with Singapore and Hong Kong, we’re practically behind a Berlin Wall of tariffs and trade barriers, according to a new study of economic openness from the International Chamber of Commerce.

G-20 toughens stance against efforts to influence exchange rates

Group of 20 finance chiefs sharpened their stance against governments trying to influence exchange rates as they sought to tame speculation about a global currency war without singling out Japan for criticism.

G-20 Signals Support for Japan Stimulus Without Yen Talk

Global finance chiefs signaled Japan has scope to keep stimulating its stagnant economy as long as policy makers cease publicly advocating a sliding yen.

G-Global: A new forum to replace G-20 and G-8

In our rapidly changing world, old institutions often survive but are regularly supplemented with newer, larger groups that keep pace with progress.

G-20 Looks to Shore Up Sovereign Financing After Mexico Meeting

Jan. 20 (Bloomberg) -- The G-20 agreed on the need to do more to support indebted nations, Mexico’s Deputy Finance Minister Gerardo Rodriguez said.

At the G-20, Small Victories for India

“History is being written in Cannes,” trumpeted billboards around the Mediterranean resort city when world leaders met there last week. And it was, though not as the French might have hoped.

G20 seeks more talks on eurozone crisis

The Group of 20 is seeking to meet again, possibly before Christmas, with the aim of resurrecting a deal to provide an international firewall around Greece, G20 sources have told the Financial Times, saying negotiators at the Cannes summit had been close to an agreement.

Canada's Flaherty says G20 likely to meet before February

G20 leaders are likely to meet before their next scheduled summit in February to try and restore market confidence battered by the euro zone debt crisis, Canada's finance minister said on Saturday, while Germany's Angela Merkel said it would take a decade to turn around the currency bloc.

Why the financial transaction tax proposal is DOA

Democrats have revived calls for a tax on trades, and economic leaders are weighing such a move at the G-20 meeting in France.

Will G-20 Counter Power of Uncertainty?

By Alexander Mirtchev

In 2009, G-20 leaders met in Pittsburgh and emerged with a mandate ‘to be the premier forum for international economic cooperation,' endowing the G-20 with a leading economic role on the global stage. It appeared at the time that the leaders of the G-20 had successfully defeated pessimism. However, the rising tide of global economic turmoil and problems ranging from sovereign indebtedness to consumption and saving imbalances have created a ‘perfect storm' that is far from abating.

Pressure on Greece ahead of G20

The Greek prime minister faces rising international pressure as crisis talks begin on the eve of the G20 summit.

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."