World Bank head Kim sees disappointing growth after Brexit

Jul 25, 2016

World Bank head Kim sees disappointing growth after Brexit

World Bank President Jim Yong Kim said continued uncertainty following the U.K.’s vote to leave the European Union could hurt global growth. “We actually thought the U.S. was solid, the eurozone seemed to be getting better, even Japan seemed to be doing a little ...

Lew tells Aso currency devaluation war should be avoided

Jul 23, 2016

Lew tells Aso currency devaluation war should be avoided

U.S. Treasury Secretary Jack Lew stressed the importance of avoiding competitive currency devaluations in a meeting with Finance Minister Taro Aso in Chengdu, China, on Saturday, according to U.S. Treasury officials. Lew drove home the point by calling attention to the Group of 20 ...

Apr 20, 2016

China suspends G-20 anti-corruption task force, members say

China suspended an international anti-corruption task force after taking over the presidency of the Group of 20 earlier this year, according to six individuals in the group, who called it a setback to efforts to crack down on shell companies used to conceal assets. ...

G-20 confirms excessive currency moves undesirable: Aso

Apr 15, 2016

G-20 confirms excessive currency moves undesirable: Aso

Finance chiefs from the Group of 20 economies agreed Thursday that excessive moves in exchange rates are undesirable, according to Finance Minister Taro Aso, who added that the global economy still faces downside risks. Prior to a two-day gathering in Washington, Aso told U.S. ...