G20 economic summit

G20: leaders lack force at just another talkfest

Finance ministers and central bank governors at the G20 meeting in Moscow last week believed global economic risks have receded. Photo: EPA

There was little evidence of any idea or contribution from China or India, let alone from Brazil, Indonesia, South Africa, or any of the developing countries now sitting at the supposed international top table, except maybe a suggestion of blocking action on climate change.

Wednesday, 20 February, 2013, 6:21am

Group of Seven leaders will not use currencies to wage 'economic warfare'

Japan's finance minister, Taro Aso (centre), chats with South Korean Central Bank Governor Kim Choong-soo at the G20 meeting. Photo: AP

G20 finance ministers yesterday moved to calm fears of looming "economic warfare" on the currency markets, pledging they would not target specific forex rates or devalue currencies to make them more competitive.

17 Feb 2013 - 6:07am

Business Digest, February 14, 2013

Peugeot Citroen posts first loss in 3 years

Bank of England governor Mervyn King said Britain faced more inflation and a muted economic recovery. "Inflation is likely to rise further in the near term and may remain above the 2 per cent target for the next two years," King said. 

14 Feb 2013 - 4:53am

All eyes on 20-ring circus

The luxury Ritz-Carlton hotel in central Moscow awaits the arrival of G20 policymakers this weekend. Photo: Reuters

The G20 multi-ring circus reaches Russia this week for six months of no doubt bizarre performances, culminating in September in the grandest summit on earth in St Petersburg. Given that Russia excels in circus and that President Vladimir Putin is something of a showman-in-chief, it promises to be an exciting time.

14 Feb 2013 - 4:53am