G-7 finance ministers meet in Washington; China agrees to work on ...
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The US administration, facing huge and politically sensitive trade deficits, secured China&#39;s pledge Friday to work harder to move its currency toward a flexible exchange rate, which would make US goods more competitive abroad.
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China and the United States agreed broad steps on Friday to tackle global economic imbalances as two days of talks to ease trade and currency strains ended with good intentions but modest substance.
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Finance chiefs from the biggest  developing economies on Saturday pushed the Group of Seven (G7)  industrialized nations for a seat at the high table of global  economic policy making.
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Japanese officials, arriving in Washington on Thursday for a historic meeting between the Group of Seven (G7) nations and China, distanced themselves from US demands for a review of China&#39;s currency policy.
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DAVOS, Switzerland  - China told the world on  Saturday it will not rush to reform its pegged exchange rate  regime, dashing hopes for a breakthrough on currency issues at  next week's Group of Seven finance ministers' meeting.
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The Group of Seven finance ministers and  central bank governors gathering in Tokyo on Saturday will  reaffirm their determination to ensure financial stability,  according to a draft G7 statement obtained by Reuters.
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Foreign ministers of the Group of Eight nations met Wednesday to lay the groundwork for next week&#39;s summit in Germany as discord over climate change and Kosovo cast a shadow over the talks.
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The US and French governments are working on plans for French President Jacques Chirac to visit Washington and meet with his US counterpart George W. Bush, White House spokesman Scott McClellan said at a news ...
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Saving world trade talks and bolstering  global financial systems against fiscal crises were the focus  of finance ministers of the United States, China and other  Pacific Rim economies meeting in Vietnam on Thursday.
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The Group of Seven (G7) industrialised nations urges China to be more flexible on its currency.
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The United States will push China to untie its currency from the dollar as soon as possible, a top U.S. Treasury Department official said Friday ahead of the Group of Seven finance ministers meeting.
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The masters of the world economy head to Washington this week for a historic gathering that will include China for the first time at a dinner after formal Group of Seven business concludes.
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By Sabyasachi Mitra and Natsuko Waki LONDON  - Finance chiefs from the biggestdeveloping economies on Saturday pushed the Group of Seven (G7)industrialized nations for a seat at the high table of globaleconomic policy making.
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The United States, Germany and other G7 nations agreed on Saturday to write off up to 80 percent of Iraq's &#36;120 billion foreign debt in a move that could pave the way for a wider international accord, officials said.
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Saving world trade talks and bolstering   global financial systems against fiscal crises were the focus   of finance ministers of the United States, China and other   Pacific Rim economies meeting in Vietnam on Thursday.
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Group of Seven finance officials are likely to press this weekend for greater currency flexibility in Asia, but analysts doubt China will be singled out to any greater degree than it was in the last meeting.
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A statement from the Group of Seven rich  nations on foreign exchange due later on Saturday will have  very similar wording to the communique adopted last year in  Boca Raton, Florida, a G7 source told Reuters.