The world's biggest economies should set an agenda for "responsible globalisation" linking balanced growth and financial stability with development and climate change at this week's G20 meeting, the head of the World Bank told the Financial Times. U.S. President Barack Obama said on Sunday he would push leaders at the Group of 20 meeting on

The United States wants the Group of 20 countries to put in place a set of policies that would lead to more sustainable global growth, according to a letter from a senior White House aide. "We should aim to adopt a policy framework to achieve sustainable and balanced growth," Michael Froman, President Barack Obama's top

U.S. President Barack Obama said on Sunday he would push world leaders this week for a reshaping of the global economy in response to the deepest financial crisis in decades. In Europe, officials kept up pressure for a deal to curb bankers' pay and bonuses at a two-day summit of leaders from the Group of

World stocks retreated further from last week's 11-month high on Monday as lower commodity prices and caution ahead of a Federal Reserve meeting and G20 summit prompted investors to trim risky trades. Leaders of the Group of 20 meet on Thursday and Friday in Pittsburgh and U.S. President Barack Obama said on Sunday he would

The U.S. Federal Reserve is close to proposing wide-ranging rules on bankers' pay that would apply to any employee able to take risks that could threaten the safety and soundness of the institution, a Fed source said on Friday. The source, speaking on condition of anonymity, said the guidelines would apply to all firms regulated

With world stocks already having recouped two-thirds of their 2008 losses, any wavering of policymakers' commitment to a super-loose fiscal and monetary policy framework could rock investor faith in the rally. Next week's Group of 20 summit in Pittsburgh, the Federal Reserve meeting and the minutes of the Bank of England's latest policy meeting are

Global equities came under pressure on Friday after having scaled an 11-month peak as investors took stock of recent hefty gains, giving the downtrodden dollar a reprieve and shoring up government bonds. Wall Street, which snapped a three-day run-up in the previous session on concerns recent gains were overextended, showed some signs of steadying with

Britain's top share index hauled itself back into positive territory by midday on Friday, searching for a sixth straight session of gains, as investors sought comfort in defensive issues and took profits in commodities and banks. At 1114 GMT, the FTSE 100 was up 4.95 points at 5,168.90, having earlier reached a new 2009 peak

Pay policies for bank employees across the United States would require approval from the U.S. Federal Reserve as part of a proposal to curb risk-taking at financial institutions, The Wall Street Journal reported, citing people familiar with the matter. Under the proposal, the Fed could reject compensation policies that it feels encourage employees to take