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Showing posts with label global crisis. Show all posts
Showing posts with label global crisis. Show all posts

Thursday, March 5, 2009

G20 London Summit. On the 2 April 2009 world leaders will gather in London to address the global financial crisis.

The London Summit (April 2, 2009)
On the 2 April 2009 world leaders will gather in London to address the global financial crisis.
The London Summit brings together leaders of the world’s advanced and emerging economies, including the G20, and representatives of international financial institutions to work cooperatively to restore stability and stimulate global economic growth.

The Summit aims to reach international agreement on:
* coordinated actions to revive the global economy - to stimulate growth and employment
* reforming and improving financial sectors and systems - to deliver progress on the Washington Action Plan to build better financial systems
* principles for reform of international financial institutions (IFIs) - the International Monetary Fund, Financial Stability Forum and World Bank.
http://www.londonsummit.gov.uk/en/

Global update - Global Crisis - London Summit
This website is a global hub for debate for the London Summit. As the Summit draws closer we're highlighting contributions to this global conversation from around the world - including in local languages.
Highlighting the debate in all countries that are significantly affected by this global crisis.

Brown's global call
(02:12) Report Reuters Video
Mar. 4 - UK Prime Minister Gordon Brown told a joint session of the US Congress that the economic crisis calls for a global response.

Brown will host a Group of 20 summit next month in London. He'll seek agreement on a coordinated plan to boost the global economy as it faces its worst crisis in decades. Deborah Lutterbeck reports from Washington. SOUNDBITES:
# Morris Goldstein of the Peterson Institute for International Economics
# UK Prime Minister Gordon Brown

Friday, January 2, 2009

On the first trading day of 2009 Asian Markets kick off higher

The first trading day of the new year started with the Asian Markets opening higher and closing with healthy gains. Despite signs of further deterioration for local economies in Asia optismism was the prevailing factor.
Europe opened with moderate gains between 1% and 2%.
More clarity about the current situation and the reaction of the markets is expected next week when normal trading is resumed and in about two weeks time when we get the first earnings reports. It is however clear the credit crisis is affecting consumers, cities, states, countries, governments and industries on a global scale, from high street to main street.
US Markets are expected to open today on a higher note as well.
North American motorists can expect higher gasoline and diesel taxes in 2009, to fund the high way infrastructure.
Motorists are driving less and buying less gasoline, which means fuel taxes aren't raising enough money to keep pace with the cost of road, bridge and transit programs.

Asia stocks kick off 2009 up
(01:33) Reuters VideoReport
Jan 2 - Asian shares begin 2009 trying to recover from one of the worst years ever.
Australian stocks declined slightly on Friday, erasing earlier gains in a light-volume start to the new year, as mining heavyweight BHP Billiton lost ground.