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US leads G20 boycott of Russian finance officials

Chris Stein and Heather Scott, Agence France-Presse
Posted at Apr 21 08:25 AM

Ukraine Finance Minister Sergiy Marchenko and Secretary Yellen walked out when Russia started talking at the G20 meeting," a source familiar with the event told AFP. Read more »

Oil stabilizes after big drop on IMF growth cut

Agence France-Presse
Updated as of Apr 20 03:57 PM

Asian markets were flat on Wednesday as oil began clawing its way back up from a big drop after the International Monetary Fund downgraded its global growth forecast for 2022. Read more »

Yellen won't participate in all G20 sessions if Russia present: official

Agence France-Presse
Posted at Apr 19 08:51 AM

Treasury Secretary Janet Yellen will not take part in some of this week's meetings with her global counterparts if Russian officials are included, a senior US Treasury official said. Read more »

Yellen to call for increased economic pressure on Russia: official

Agence France-Presse
Posted at Apr 19 08:40 AM

US Treasury Secretary Janet Yellen this week will call on her counterparts to ramp up the economic pain on Moscow over its invasion of Ukraine, a senior Treasury official said. Read more »

Ukraine war fuels 'overlapping crises': World Bank

Agence France-Presse
Posted at Apr 12 09:07 PM

The Russian war on Ukraine has set off a chain reaction in the global economy with rising energy and food prices that will worsen poverty and hunger. Read more »

Asia Pacific recovery seen at risk from several factors

ABS-CBN News
Posted at Apr 05 01:54 PM

Aside from the pandemic, recovery is also threatened by the Ukraine crisis, US monetary policy tightening, and the slowing growth in China, the World Bank said. Read more »

Trudeau says no to having Putin at G20 meeting

Agence France-Presse
Posted at Apr 01 08:19 AM

Canadian Prime Minister Justin Trudeau joined allies in saying he does not wish to see Russian President Vladimir Putin at this year's G20 meeting, citing Moscow's invasion of Ukraine. Read more »

Oil prices jump on worries over possible inflation surge

Agence France-Presse
Updated as of Mar 24 08:11 AM

Oil prices rallied Wednesday, adding to soaring inflation concerns, while stock markets diverged. Read more »

What would a US ban on Russian oil mean for the world?

Noah Browning, Simon Jessop and Balazs Koranyi, Reuters
Posted at Mar 08 07:28 PM

The possibility that the United States might ban Russian oil imports has triggered a surge in Brent crude to almost $140 a barrel, its highest level since 2008. Read more »

'Ukraine war won't deter Fed from March rate hikes'

Dhara Ranasinghe, Sujata Rao and Saikat Chatterjee, Reuters
Updated as of Mar 02 09:21 PM

The Fed will press ahead with lifting interest rates this month, money markets suggest, even as a war in Europe complicates inflation and economic growth. Read more »

Ukraine war complicates Fed's inflation fighting effort

Heather Scott, Agence France-Presse
Posted at Feb 27 03:18 PM

The uncertainty created by Russia's invasion of Ukraine has complicated the US central bank's already tough fight to contain rising prices. Read more »

Oil nears $100, as West prepares Russian sanctions

Agence France-Presse
Posted at Feb 23 02:29 AM

Oil prices surged close to $100 per barrel Tuesday as major crude producer Russia prepared to send troops into 2 breakaway regions of Ukraine. Read more »

G20 urged to push relief to avoid debt crises

Joe Bavier and Rachel Savage, Reuters
Posted at Feb 17 06:39 PM

Wealthy nations must improve their floundering flagship debt relief initiative or face a spate of debt crises in the developing world, experts said. Read more »

G-20 finance chiefs discuss exit strategies from COVID downturn

Kyodo News
Posted at Feb 17 02:45 PM

Finance chiefs from the Group of 20 advanced and emerging economies are meeting to discuss strategies to exit from the global economic downturn. Read more »

With Omicron, global economy spots chance to push past COVID

Mark John and Howard Schneider, Reuters
Posted at Jan 18 07:55 PM

Governments worldwide are easing quarantine rules, reviewing coronavirus curbs and dialing back pandemic-era emergency support as they bid to launch their economies back into some version of normality. Read more »

Global jobs recovery delayed by pandemic uncertainty, Omicron

Emma Farge, Reuters
Posted at Jan 17 07:52 PM

The global job market will taker longer to recover than previously thought, with unemployment levels set to remain above pre-COVID-19 levels until at least 2023. Read more »

Gloomy outlook for global recovery, WEF survey finds

Carolyn Cohn, Reuters
Posted at Jan 11 08:43 PM

Only one in 10 World Economic Forum members surveyed expects the global recovery to accelerate over the next three years. Read more »

IMF warns developing countries of 'economic turbulence'

ABS-CBN News
Posted at Jan 10 01:41 PM

Emerging economies should gird for possible rough times as the US Federal Reserve prepares to raise rates and growth slows because of the Omicron variant. Read more »

IEA sees 'more comfortable' year for oil market in 2022

Agence France-Presse
Posted at Dec 14 06:31 PM

The Omicron variant will slow the recovery in global demand for oil but the market will be "more comfortable" in 2022, the International Energy Agency said. Read more »

China's growth 'slowing notably': IMF

Agence France-Presse
Posted at Dec 07 08:43 AM

China has an important part to play in the global economy as it recovers from Covid-19, but its growth is slowing, IMF Managing Director Kristalina Georgieva said Monday. Read more »