Archive for the ‘financial markets’ Category

G7 squeezes China, warns of growth slowdown

October 20, 2007

by Nathaniel Harrison

WASHINGTON (AFP) – The world’s top finance leaders said Friday that order was returning to financial markets but warned of lingering instability likely to dampen economic growth as they turned up the heat on China to ease its currency restrictions.

Representing Britain, Canada, France, Germany, Italy, Japan and the United States, Group of Seven ministers convened on the 20th anniversary of the Wall Street stock market crash, and US Treasury Secretary Henry Paulson said today’s financial market upheavals were very much on their minds.

“The general feeling around the table was that there are some markets returning to normalcy as risk has been reassessed and repriced,” Paulson told a news conference after the talks.

A currency dealer waits for customers at a currency exchange. ...

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