By Darren Ennis
BRUSSELS, Oct 5 (Reuters) – The European Union and Brazil will increase pressure on the United States on Tuesday to set out its demands to conclude the “Doha” round of world trade talks in 2010, a draft document showed.
Financial Regulatory Forum
By Darren Ennis
By Brian Love
ISTANBUL, Oct 3 (Reuters) – The Group of Seven rich nations urged China on Saturday to strengthen the yuan, but gave no sign of how it might overcome Chinese resistance to that suggestion or resolve other tensions over global currency rates.
By Emily Kaiser and Darren Ennis
PITTSBURGH, Sept 25 (Reuters) – The Group of 20 rich and developing countries were set to anoint themselves as caretakers of the global economy on Friday, giving rising stars such as China and India more say in world affairs. (more…)
By Simon Rabinovitch and John O’Donnell
BEIJING/BRUSSELS, Sept 23 (Reuters) – China offered some support on Wednesday to U.S. plans to build a more balanced global economy, as world leaders seek to agree ways to nurture a tentative recovery and prevent future crises.
The European Union unveiled its blueprint for an overhaul of the way banks and financial markets are policed, with plans for a banking super-watchdog and a pan-European supervisor that it hopes can be replicated on the global stage.
British Prime Minister Gordon Brown said there was substantial support among the Group of 20 nations for creating a new framework aimed at shrinking surpluses in export-rich countries such as China and boosting savings in debt-laden nations including the United States.
SHANGHAI, Sept 5 (Reuters) – China’s banking regulator may change draft rules it has sent to institutions seeking feedback on changes to banks’ capital restrictions, said an official from the China Banking Regulatory Commission (CBRC) on Saturday. (more…)
SHANGHAI, Sept 5 (Reuters) – China needs to pay close attention to changes in asset prices and to push ahead on innovations in financial tools in the next phase of development, People’s Bank of China Vice Governor Su Ning said on Saturday. (more…)
BEIJING, Sept 3 (Reuters) – China’s banking regulator is refusing to allow banks with a capital adequacy ratio below 9 percent to start new lines of business or open new branches, a government researcher said in remarks published on Thursday.
By Michael Wei and Jason Subler
BEIJING (Reuters), Sept 2 – The Bank of New York Mellon said it expects the first China Depositary Receipts (CDRs) to be issued next year, in a highly anticipated new vehicle that will allow foreign-headquartered firms to list in China.
BEIJING, Sept 2 (Reuters) – China is backsliding on reforms to open up its economy to foreign business, thereby hindering competition and imperilling its shift to a new model of sustainable growth, the European Union Chamber of Commerce in China said on Wednesday.