Debt aid and dollar on G7 agenda
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Finance ministers from the G7 end a two-day meeting in London by discussing debt relief and the weak dollar.
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BRUSSELS  - Eurozone finance ministers were to focus at a meeting on the rise of the single currency to record levels against the dollar, with swelling deficits also set to share the limelight.
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George Bush and Gordon Brown are heading for a dramatic showdown at the G7 summit in Washington this week over plans to write off developing countries&#39; debt.
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Finance ministers from the Group of Seven industrial nations said Saturday they were willing to provide up to 100 percent debt relief to the world's poorest nations, but insisted that developing countries ensure the money would be spent wisely.
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The dollar crashed through key barriers  to a record low on the euro and a 7-month low on the yen on  Wednesday, as concern mounted a forthcoming G20 finance  ministers' meeting would do little to halt its slide.
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G-7 approves debt relief, but British 'Marshall Plan' for poor countries faces US skepticism.
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The G7 group of industrialised states, led by the UK, is set to back a moratorium on debt repayments from countries hit by the Asian tsunami.
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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 $120 billion foreign debt in a move that could pave the  way for a wider international accord, officials said.
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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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The Group of Seven appeared to have  achieved a compromise on aid to the Third World on Saturday,  proposing "up to" 100 percent multilateral debt relief to poor  nations, G7 sources told Reuters.
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UNITED STATES WASHINGTON -- The United States and its major economic allies struggled yesterday to resolve deep differences over how to relieve the heavy debt burden for Iraq and the world's poorest countries. Debt relief and broader topics of international finance topped the agenda for finance officials attending committee meetings of the International Monetary Fund and the World Bank. Treasury ...
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Britain will be seeking approval from the United States for its grand plan to help alleviate poverty in Africa when finance ministers from the Group of Seven industrialised nations convene here Friday and ...
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Finance ministers and central bank chiefs from the world's 20 most powerful nations were gathering for a weekend G20 summit in which exchange rates are expected to figure prominently.
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CHICAGO (CBS.MW) - The dollar moved higher Monday in the wake of little new policy direction from a weekend meeting of finance ministers and central bankers from the world&#39;s economic powers.
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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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WASHINGTON - Declaring that high oil prices are a threat to the global economy, the world's industrialized countries urged producers Friday to provide price relief by boosting supplies.    The Group of Seven countries - the United States, Japan, Germany, France, Britain, Italy and Canada - also resolved to agree on providing battered Iraq with relief from its massive debt burden while also working on a deal to increase debt relief for the world's poorest countries...
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The dollar idled near seven-month lows against the yen on Wednesday as traders considered what officials from the Group of 20 countries might say about recent weakness in the U.S. currency at an upcoming meeting.