CAMP DAVID, Maryland (Reuters) – World leaders backed keeping Greece in the euro zone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalizing a global economy increasingly threatened by Europe’s debt crisis. A summit of the G8 leading industrialized nations came down solidly in favor of a push...
The leaders of eight of the world’s biggest economies meet this weekend outside Washington, seeking to keep Europe’s debt crisis from spiraling out of control and jeopardizing fledgling recoveries in the U.S. and elsewhere. (read the story…) Related items China calls on governments to tackle debt (AP) China manufacturing slows further in July (AP)...
BEIJING (Reuters) – Veteran investor Jack Rodman has had enough. After waiting 11 years for China to sell its rising pile of bad bank loans, he is quitting and going to Spain instead. His pull-out exposes a pressing failing in China's booming financial sector: it does not properly dispose of a growing store of...
BEIJING (Reuters) – China has brought the risks of local government financing vehicles and property loans under control and will continue to strictly monitor the systems, the country's banking watchdog said in its annual report released on Tuesday. The China Banking Regulatory Commission (CBRC) said it had built up a firewall between the official...
China’s central bank chief said Monday that policies aimed at dousing inflation will be kept in place and urged European nations to act to resolve the region’s protracted debt crisis. (read the story…) Related items G8 leaders seek to corral Europe crisis China worried Europe debt crisis will hit trade (AP) China calls on...
