G7
G7 respond to Bush's call to freeze accounts
US - Washington's G7 partners have begun to respond to President George Bush's call yesterday to freeze financial accounts of a list of suspected terrorist organisations and individuals linked to them.
Report - Central banks did not act together
US - Unlike the co-ordinated monetary policy moves that were the hallmark of international economic co-operation of the 1980s, the spate of interest rate cuts that rippled around the world on Monday and Tuesday was not a pre-arranged exercise by G7…
Solbes rebuffs O'Neill over interest rate cuts
EUROPE - European Economic Affairs Commissioner Pedro Solbes on Apr 23 raised the heat ahead of a meeting of Group of Seven finance ministers by rejecting U.S. Treasury Secretary Paul O'Neill's prescription for the euro zone.
European fin mins meeting to discuss growth, ECB
EUROPE - European finance ministers meeting in Malmo this weekend have put the European Central Bank on notice that it had better explain its refusal to cut interest rates amid gathering gloom for global growth.
BOJ's Yamaguchi to visit Washington to attend FSF
BOJ deputy governor Yutaka Yamaguchi will visit Washington from Mar 22, 2001 to attend a meeting of the Financial Stability Forum, the central bank said in a statement on Mar 21, 2001.
Japan, Germany agree to cooperate on IMF reform
Japanese and German finance officials agreed Feb 20 to cooperate closely in implementing International Monetary Fund reforms and beefing up the international monetary system.
Japan's financial sector key G7 issue - Miyazawa
Japanese Finance Minister Kiichi Miyazawa said on Feb. 19, 2001 that he thought improving Japan's financial sector was at the core of discussions at the weekend meeting of the Group of Seven (G7) leading nations. "Japan's bad loan issue was seen as the…
Bush adviser-Sept G7 FX intervention mistake-paper
Lawrence Lindsey, the top economic adviser to U.S. President George Bush, was quoted on Feb 17 as saying intervention by G7 central banks last September to support the euro had been a mistake.The International Herald Tribune also quoted Lindsey as…
U.S. statement on O'Neill-Miyazawa meeting
Following is a statement issued by the U.S. Treasury on Feb 17, 2001 after a meeting between Treasury Secretary Paul O'Neill and Japanese Finance Minister Kiichi Miyazawa. O'Neill and Miyazawa met in Sicily before the start of a meeting of Group of Seven…
ECB'S Welteke assumes U.S. still wants strong dlr
European Central Bank council member Ernst Welteke said on Feb 17, 2001 that he could imagine the United States would remain interested in a strong dollar, according to a spokesman for the central banker. Welteke said a strong dollar policy would help…
G7 make little progress on debt relief
The Group of Seven rich countries failed to come up with any new ideas on debt relief for poor countries at a meeting on Feb 17, 2001 drawing fire from campaigners who had hoped for progress. In a communique released after their meeting, G7 finance…
Duisenberg can draw satisfaction from G7 meeting
For European Central Bank President Wim Duisenberg, Feb 17 meeting with the G7 godfathers of global finance in Palermo must have been a thoroughly satisfying experience. None of the finance ministers from the Group of Seven leading industrial countries…
Dissent erupts between government, Bank of Japan
Simmering differences between the government and the Bank of Japan over how to revive the economy burst into the on Feb 16, 2001 on the eve of a high-profile meeting of finance ministers and central bankers of the world's seven richest nations. Finance…
O'Neill signals hands-off stance on world economy
Paul O'Neill, the U.S. Treasury secretary, on Feb 14, 2001 indicated the new Bush administration would take a strongly skeptical view of official intervention in global markets to help stabilize the world economy, the Financial Times reported in its Feb…
IMF's Koehler sees Europe 2001 growth exceeding US
International Monetary Fund Managing Director Horst Koehler said on Feb 15 he saw European GDP growth in 2001 of some three percent against two percent expected for the United States. In a wide-ranging conversation with Italian business daily Il Sole 24…
G7 to review global economy at Palermo fortress
When the world's leading financial barons meet in Sicily this weekend [Feb 16, 2001] to review their armoury for spurring the global economy, they will do so at a site chosen as a strategic look-out point dating back more than 2,000 years. Finance…