Group of 8

The USD began the week on a positive note holding steady against the euro

USD -- The USD began the week on a positive note holding steady against the euro and improving with the yen. Investors pinned their hopes on the ability for policy makers to announce more details on the “rescue” packages...

Derivatives Crunch Means Savings Is the New Investing

Welcome to the Weekly Report. As I write this on Saturday afternoon, I see nothing from the G7 statements that can be taken as co-ordinated action. Indeed all I see is a repeat of what is becoming a tired mantra: At the White...

Rice drops plans to visit UAE, Oman

US Secretary of State Condoleezza Rice has dropped plans to visit the United Arab Emirates (UAE) this week and instead will remain in Washington to help tackle the global finance crisis, her spokesman said.

Commentary: If China Spends Its Trillions, Recession Could Be Averted

ntellpuke: This commentary was written by Andrew Graham, an economist and master of Balliol College, Oxford, and appeared in the Guardian edition for Wednesday, October 15, 2008. China should be invited into the G8 immediately,...

Canada begins vote amid economic uncertainty (AFP)

OTTAWA (AFP) - Canadians on Tuesday began voting in the country's third election in four years, likely to return the Conservatives to office in the first G7 ballot since the start of a global financial meltdown.

UAE to host US-backed forum on Arab reform (AFP)

AFP - The United Arab Emirates will host a forum on political reform in the Arab world this weekend amid questions about whether the annual gathering launched by US President George W. Bush has made any difference.

Bush statement on economy

Remarks by President Bush about the economy, delivered in the Rose Garden on Tuesday and transcribed by the White House: Good morning. Today, I am announcing new measures America is taking to implement the G-7 action plan and...

Japan PM: stock market rise is reaction to G7 meet (at Reuters)

TOKYO, Oct 14 (Reuters) - Japanese Prime Minister Taro Aso said on Tuesday the Tokyo stock market's big rise earlier that day was a positive reaction to the Group of Seven meeting last week. Finance ministers and central...

France Wants Egypt in Expanded G8

France has picked Egypt as its candidate to represent the Arab world in the planned expansion of the G8 to G14, the Egyptian newspaper Daily News Egypt reported. The G8 is made up of the seven largest economies in the world...

Tokyo stocks rebound sharply, Nikkei ends with largest gain of 14.15%+

14.15%+ (AP) - TOKYO, Oct. 14 (Kyodo)—(EDS: ADDING DETAILS AND PRICES) Tokyo stocks snapped a seven-day losing streak Tuesday, with the key Nikkei index rising more than 14 percent to post its largest-ever single-day percentage...

               

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34th G8 Summit in Toyako