G-7 Confronts Global Turmoil
Airtime: Fri. May 7 2010 | 10:00 AM ET
CNBC’s Steve Liesman has the highlights from the meeting of G-7 finance ministers.
Airtime: Fri. May 7 2010 | 10:00 AM ET
CNBC’s Steve Liesman has the highlights from the meeting of G-7 finance ministers.
Parsing Tuesday’s Fed announcement with CNBC’s Gary Kaminsky, Rick Santelli and Steve Liesman.
Discussing the risk of global currency wars, with Christian Carillo, head of Asia-Pacific interest rate strategy at Societe Generale Corporate & investment Banking. He tells CNBC’s Karen Tso and Sri Jegarajah, that with economies underperforming, domestic political pressures will increase for measures that will not be beneficial to anyone.
Euro zone GDP grew 1.7% year-on-year in the second quarter. Julian Callow from Barclays Capital told CNBC the strong result was largely due to German economic growth. Lothar Mentel, CIO of Octopus Investments, joined the discussion.
The G20 is more political than it is economic and may not be the right forum for deciding economic issues such as banking levies, Moorad Choudhry from London Metropolitan University said. However, he said no firm policy announcement will be made by the G20 and the upcoming meeting is just a stepping stone on the way to a policy.
The UK government unveiled a new tax on banks in its emergency budget Tuesday. David Pitt-Watson, chairman of Hermes Equity Ownership Svcs, and David Kuo from The Motley Fool have analysis.
World energy leaders are turning very bullish on the outlook for natural gas at the annual CERTA Conference in Houston. CNBC’s Sharon Epperson talks to Helge Lund, CEO of Statoil, the world’s largest offshore oil and gas company.