The U.S. and the European Union must resolve a disagreement on cross-border derivatives trading to set an example for other nations seeking clarity on a trans- Atlantic standard, a top official from the European Commission’s financial-markets agency said today.
Australian Treasurer Joe Hockey said the gradual normalization of monetary policies as growth recovers in advanced economies is a “positive development” and a sign of growing confidence in the global outlook.
Following is the text of Bank of Canada Governor Mark Carney’s speech in Washington to the Institute of International Finance. The document was released today in Ottawa. Several footnotes have been removed.
International Monetary Fund Managing Director Christine Lagarde backed Group of 20 chair Australia’s proposal to put a number on economic growth targets as the gathering shakes off its crisis-response group origins.