Pressure mounted on Europe to reveal the viability of its crisis-hit banks after a meeting of G8 finance ministers in southern Italy over the weekend ended in disarray over the thorny issue.
Britain and the United States have already carried out (...)
Finance officials from the Group of Eight industrialized nations have agreed to ask the
International Monetary Fund to study ways to unwind hefty
stimulus packages once an economic recovery is certain.
In a communique released at the end of a (...)
The world's rich nations,
heartened by signs the credit crisis is easing, have started to
consider how to unwind rescue steps for their economies once
recovery is certain, their finance ministers said on Saturday, according to Reuters.
Meeting (...)
Britain will invest almost
$500 million in an international scheme to encourage
pharmaceutical firms to develop vaccines against some of the
common diseases which plague poorer nations, according to Reuters.
The Advance Market Commitment, a (...)
Rifts emerged at a summit of top
finance officials here today over the importance of
winding down hefty government stimulus plans now that the
global economy shows signs of recovery from the credit
crisis, according to AP.
The United States and (...)
