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LOS CABOS, Mexico — The leaders of the world’s major economies embarked on the final day of the G20 summit Tuesday determined to kickstart growth and pull the eurozone back from the brink of disaster.
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BANGKOK — World stock markets were largely flat Tuesday as relief from Greece’s election results evaporated amid worries that the financial crisis in the 17 nations that use the euro was far from over.
LONDON - Gold prices rallied for their eighth consecutive session on Tuesday, as investors cautiously dipped their toes back into the market with the Federal Reserve’s policy meeting in sharp focus for hints on sentiment towards extra policy stimulus.
LONDON - Britain’s top shares pushed higher on Tuesday, shrugging aside uncertainties over the euro zone debt situation as investors focused on hopes for fresh economic stimulus measures from central banks, helped by a fall in British inflation numbers.
WASHINGTON — The Federal Reserve is meeting this week at a time of high alert — over the slumping US economy, the aftermath of the Greek elections and the shaky financial markets.
LOS CABOS, Mexico — The leaders of the world’s largest economies will portray themselves as united behind efforts to boost growth and job creation in order to repair a global economy roiled by fears over the European financial crisis, according to a draft of the statement to be released Tuesday at the end of the Group of 20 annual meeting.
Spain is likely to pay record prices to borrow at debt auctions on Tuesday and Thursday after the Greek election failed to ease concerns about the future of the euro zone and amid uncertainty over whether Madrid will need a full sovereign bailout.
World leaders pressured Europe on Monday to take ambitious steps to resolve its debt crisis after a victory for pro-bailout parties in a Greek election failed to calm markets or ease worries that wider turmoil could derail the global economy.
India plans to sell stakes in 15 state-run firms by the end of March next year, including shares worth $1.25 billion in miner NMDC, a finance ministry official said on Monday, in a move seen aimed at boosting investor sentiment following slower economic growth.
Carrefour chief executive George Plassat told shareholders on Monday that he needs three years to turn around Europe’s largest retailer amid the deteriorating economic climate.
