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Global watchdog official says banking reforms must proceed
TORONTO (Reuters) - The underperforming global economy should not be allowed to delay financial system reforms, a senior official at the Financial Stability Board (FSB), a global watchdog set up by the Group of 20 nations, said on Tuesday, adding that the FSB will propose new rules on so-called shadow banking by year-end. Bank of Canada Senior Deputy Governor Tiff Macklem, who chairs a key FSB ...

Tue, 07 Feb 2012 07:15:48 -0800

IMF chief hails Saudi role in supporting global economy
Saudi Arabia has played an "important role" in stabilising the oil market and supporting the global economy, International Monetary Fund chief Christine Lagarde said in a statement Saturday.

Sat, 04 Feb 2012 11:12:56 -0800

Iran strike will shock global economy
Western political experts say a possible Israeli attack on Iran's nuclear facilities will deliver a painful shock to the global economy and have unexpected effects on international peace and security.

Mon, 06 Feb 2012 07:11:54 -0800

Iran raid likely to drag in U.S. and hurt global economy
MUNICH (Reuters) - An Israeli raid on Iran's nuclear facilities would deliver a painful shock to the global economy, revive flagging Islamist militancy and possibly drag the United States into a regional war whether it backed its ally's attack or not. As if that prospect was not alarming enough, any doubts Tehran entertained about the wisdom of building a nuclear weapon would vanish the moment ...

Sun, 05 Feb 2012 01:43:34 -0800

Global Economy Weekahead-Europe's shadow darkens outlook
WASHINGTON, Feb 5 (Reuters) - A renewed focus onEurope's banking and debt crisis may quickly sap the nascentoptimism about global economic prospects that followed aremarkably solid U.S. January employment ...

Sun, 05 Feb 2012 11:59:58 -0800