- Title: USA: SENIOR FINANCE OFFICIALS OPEN G7 TALKS IN WASHINGTON
- Date: 15th April 2005
- Summary: (BN02) WASHINGTON D.C., USA (APRIL 15, 2005) (REUTERS) 1. MV/SV: MERVYN KING, GOVERNOR OF THE BANK OF ENGLAND, ARRIVING FOR DINNER (2 SHOTS) 0.27 2. MV: SADAKAZU TANIGAKI, JAPANESE MINISTER OF FINANCE AND OTHER OFFICIALS ARRIVING AT DINNER 1.15 3. MV: JEAN-CLAUDE TRICHET, PRESIDENT OF THE EUROPEAN CENTRAL BANK GETTING OUT OF CAR 1.59 4. PUSH IN: TOSHIHIKO FUKUI, GOVERNOR OF THE BANK OF JAPAN ARRIVING FOR DINNER 2.16 5. VARIOUS OFFICIALS ARRIVING AT TREASURY BUILDING / RALPH GOODALE, CANADIAN MINISTER OF FINANCE, ARRIVING FOR DINNER 2.46 6. MV: THIERRY BRETON, FRENCH MINISTER OF ECONOMY, FINANCE AND INDUSTRY, ARRIVING AT TREASURY BUILDING 3.07 7. JOAQUIN ALMUNIA, EU COMMISSIONER FOR ECONOMIC AND MONETARY AFFAIRS WALKING 3.12 8. VARIOUS OFFICIALS ARRIVING FOR DINNER 3.35 Initials Script is copyright Reuters Limited. All rights reserved
- Embargoed: 30th April 2005 13:00
- Location: WASHINGTON D.C., USA
- Country: USA
- Reuters ID: LVAAE9AY8S5D6L7WE6LNCQ77P8YT
- Story Text: Senior finance officials from the Group of Seven
industrialized nations open talks in Washington.
Senior finance officials from the world's seven
richest nations opened the G7 talks at the U.S. Treasury,
with a working dinner on Friday (April 15).
Expectations were modest for the meeting of Group of
Seven finance ministers and central bankers in the face of
a stubbornly hard-to-advance agenda from Chinese currency
reform to a debt relief package.
Regardless of the progress on other issues, energy
costs will loom large in the talks. It is expected that oil
will dominate the talks.
U.S. Treasury Secretary John Snow, speaking on
Bloomberg television, indicated the G7 was preparing for an
era in which energy prices are likely to stay at levels not
foreseen as recently as a year ago.
Ahead of sessions that end late Saturday morning,
European sources agreed that ministers would talk about
readying the world to live with permanently costlier
There was palpable unease in financial markets on the
eve of the G7 gathering. Worry about economic slowing sent
the Dow Jones industrial average skidding 198.41 points, or
1.93 percent, to end at 10,080.34, a 5-1/2-month low.
The concern spilled into debt markets, with the
bellwether 10-year U.S. Treasury note climbing 21/32s of a
point in price while its yield tumbled to 4.23 percent.
Investors sought haven in bonds on a belief that if the
economy stumbles, interest rates might not rise as quickly.
The G7 is made up of the United States, Britain,
Canada, France, Germany, Italy and Japan.
- Copyright Holder: REUTERS
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