Dollar Climbs as Gold, Oil Decline Aug 16, 2008
The dollar's rally extended to multiple-month highs on Friday as U.S industrial output grew the most in 10 months and as traders continued to react to data that showed economies of five of the Group of Seven nations contracted. The dollar rose to the highest in seven months against the Japanese yen. (SmartMoney)
Canadian Dollar Gains Most in More Than a Month on Trade, Manufacturing Aug 16, 2008
Canada's economy has the strongest ``fundamentals'' among the Group of Seven industrialized nations, Finance Minister said in an interview from Toronto on Business News Network. The surplus widened to C$5. (Bloomberg -- Canada)
U.S. Dollar Continues to Rebound Aug 15, 2008
The dollar's rally extended to a six-month high on Friday as traders continued to react to data showing the economies of five of the Group of Seven industrialized nations contracted during the second quarter. The dollar rose 0. (SmartMoney)
India ready to talk if WTO feels there is chance: Pillai Aug 14, 2008
In the core group of seven nations, India and China rejected the US proposals which would have meant little flexibility with the developing countries in case imports of agricultural commodities surge. "At 40% (trigger for levying safeguard duty) my farmers would have committed suicides," commerce and industry minister Kamal Nath had said. (India Times, India -- Intl Business)
Bush to Russia: Pull out of Georgia Aug 14, 2008
Both Bush and Rice also said that Moscow's apparent violation of the cease-fire negotiated by Sarkozy puts its global aspirations at risk, hinting at what officials say privately are moves to possibly kick Russia out of the Group of Seven leading industrialized nations and other international organizations in which wealthy and powerful states hold membership. "Russia is putting its aspirations at risk by taking actions in Georgia that are inconsistent with the principles of those institutions,"... (USA Today)
Russian bear claws Georgia Aug 14, 2008
There was talk Tuesday of taking punitive measures against Russia, such as kicking it out of the prestigious Group of Seven (G-7), which is more appropriately G-8 after the U.S., Britain, Canada, France, Germany, Italy and Japan let Russia join. There s talk of revoking Russia s invitation to join the 30-member Organization for Economic Cooperation and Development, which is mainly composed of European democracies. (Albany Herald)
Can Russia be punished? Aug 13, 2008
In the medium term, the United States and its partners in the Group of Seven, or G-7, the club of the worlds leading industrialized nations that also includes Britain, Canada, France, Germany, Italy and Japan, are debating whether to effectively disband what is known as the G-8, which incorporates Russia, by throwing Moscow out, the officials said ... Secretary of State Condoleezza Rice, who returned early to Washington late Monday from vacation to deal with the crisis, held a second... (MSNBC -- International)
Reaganomics Comes to Japan After Dying in U.S. Aug 13, 2008
For a Group of Seven economy, Japan is still too much of a nanny state that believes public officials are better suited to make financial decisions than private managers. It's anathema to the policies that unleashed on the U.K. in the 1980s. (Bloomberg -- Columnists)
McCain Bristles Over Russia's 'Aggression' Aug 12, 2008
McCain's comments were consistent with his long-held, stance against Russia, including his calls to have the country ejected from the G8, the Group of Seven leading nations plus Russia. The senator has taken a relatively hard line on many foreign policy issues, including supporting further sanctions on -- and possible military action against -- Iran and a no-negotiating policy toward North Korea. (Wall Street Journal)
Bush Calls On Russians To Leave Georgia Aug 12, 2008
A State Department official said Secretary of State Condoleezza Rice and the other foreign ministers from the Group of Seven leading industrialized nations spoke by telephone on Monday and pledged their support for a negotiated solution to the conflict. They called on Russia to respect Georgia's borders and expressed deep concern for civilian casualties that have occurred. (NBC 11, CA)
US says big powers urge Russia to accept truce Aug 11, 2008
A State Department official says Secretary of State Condoleezza Rice and the other foreign ministers from the Group of Seven leading industrialized nations spoke by telephone on Monday and pledged their support for a negotiated solution to the conflict that has been raging since Friday between the former Soviet state and Russia. They called on Russia to respect Georgia s borders and expressed deep concern for civilian casualties that have occurred. (KHOU.com, TX)
Russia Seizes Georgia Base, Opens Second Front Aug 11, 2008
U.S. Secretary of State Condoleezza Rice and her colleagues from the Group of Seven leading industrialized nations spoke by telephone and pledged their support for a negotiated solution to the conflict that has been raging since Friday between the former Soviet state and Russia, a State Department official said, speaking on condition of anonymity because the call had not yet been formally announced. Nana Intskerveli, the Georgian Defense Ministry's spokeswoman, said Russian armored personnel... (Newsmax)
Holmes gets on top Aug 10, 2008
Three shots behind Holmes was a group of seven including 2007 US Open champion Angel Cabrera of Argentina, Spaniard Sergio Garcia, Australian Aaron Baddeley and Jeev Milkha Singh of India, the overnight co-leader who posted a 74. There's one guy under par right now and conditions are exactly like the US Open, Baddeley said. (The Star Online, Malaysia -- Sports)
OECD sees slower economic growth Aug 9, 2008
A similar indicator for the Group of Seven leading industrial nations fell to 97. 0 from 97. (BBC News)
Big-hitting Holmes takes one-shot lead Aug 9, 2008
Three shots behind Holmes was a group of seven including 2007 U.S. Open champion Angel Cabrera of Argentina, Spaniard Sergio Garcia, Australian Aaron Baddeley and Jeev Milkha Singh of India, the overnight co-leader who posted a 74. "There's one guy under par right now and conditions are exactly like the U.S. Open," Baddeley said. (International Herald Tribune)
Russian Renegade Doesn't Deserve Place in G-8 Aug 9, 2008
When the Soviet Union disintegrated under the weight of its own overwhelming mismanagement, the main successor state, the Russian Federation, was invited by the world's leading industrial democracies to become the eighth member of their exclusive community: the so-called Group of Seven. Instead of evolving into a Western-style democracy with a fully developed , Russia is acting more and more like a renegade economic power and bully. (Bloomberg -- Columnists)
Fresh Pain for the Uninsured Aug 8, 2008
At Spectrum Health, a nonprofit group of seven hospitals in Grand Rapids, Mich. self-pay patients who can write a check within 30 days receive a 20% discount; those who pay within six months get 10% off. (BusinessWeek)
Unions dig in for Delta fight Aug 6, 2008
His group of seven people working out of the Atlanta office is focused on Delta's ramp workers and customer service employees at the airport. But the organizing effort is no sure thing. (Atlanta Journal-Constitution)
Africa: Safeguards for Small Farmers Crashed Trade Talks [analysis] Aug 5, 2008
The wrangle between the U.S. and India and China was highlighted simply because the negotiations were taking place mainly among seven players: the U.S., the European Union (EU), Japan, Australia, India, Brazil and China (also known as the Group of Seven or G7). The other selected ministers who had been invited to Geneva were excluded from those negotiations and were waiting in the corridors. (allAfrica.com)
UConn Health Care Center Has Five Suitors Aug 5, 2008
Before coming to Connecticut in April, Joseph presided over the transformation of a loosely knit group of seven hospitals and 125 outpatient centers in into a coordinated system of care. The proposal St. Francis submitted also envisions a stronger relationship between UConn and other local hospitals, according to a statement issued by President and CEO Christopher M. Dadlez. (FOX61, CT)
Muge, Masai prevail Aug 3, 2008
"I'm running looking behind, at the ones following me," Masai said of the group of seven in the early pack, including Biktasheva and Yuri Kano of Japan. "I try to push it and then I push again, three times. If I saw it's close, it's easy for them. So I wait."After 5K, I go. (Boston Globe)
* Golfers from Asia making impact at the British Open Aug 2, 2008
The group of seven sharing second place one shot behind Inkster includes two South Koreans and two Japanese along with two more Americans and an English player. None played more spectacularly than Momoko Ueda, a tiny Japanese who has exempt status on the US Tour this year for the first time and who is playing this major for the first time. (Taipei Times, Taiwan -- World)
Lawyers depart Fulbright & Jaworski for Briggs and Morgan Aug 2, 2008
A group of seven lawyers from the Minneapolis office of have jumped ship to practice at Briggs and Morgan, as the firm beefs up its intellectual property and litigation services. The attorneys making the move include Alan Anderson, John Klos, Matthew Palen, Sharna Wahlgren, Christopher Young, Aleya Rahman Champlin and Audrey Babcock. (Twin Cities Business Journal, MN)
Senators craft bipartisan energy bill Aug 2, 2008
The group's effort was modeled on the "Gang of 14," a group of seven Democrats and seven Republicans who defused a bitter dispute in the Senate in 2005 over the confirmation of President Bush's judicial nominees. Chambliss reached out last month to North Dakota Democratic Sen. (San Francisco Chronicle)
World trade talks: The aftermath Aug 1, 2008
It is telling that we were not included in the group of seven countries invited to push the talks forward in Geneva. Australia has taken our place. (Globe and Mail -- Business)
Local mayors urge desalination plant approval Aug 1, 2008
SAN DIEGO A group of seven mayors led by San Diego's Jerry Sanders held a press conference Thursday to urge the California Coastal Commission to approve a proposed ocean-water desalination plant. Speaking at the office of the California Center for Sustainable Energy in Kearny Mesa, Sanders called the proposal by Poseidon Resources to build a plant in Carlsbad to desalinate 50 million gallons of ocean water a day a critical project for our region. (San Diego Union-Tribune)
EU points at U.S. for WTO collapse Jul 31, 2008
"...when WTO chief (Pascal) Lamy reconvenes the Group of Seven negotiators at midday, the Indians and the Chinese express reservations and the U.S. rejects the proposal outright, much to Lamy's understandable frustration," Mandelson said. "It seems that the issue on which we have diverged is more important for some than agreement as a whole. Instead of reaching out for help to solve the problem, they are digging in," he said. (Yahoo News -- Politics)
Africa:World Trade Talks Collapse Jul 30, 2008
Trade ministers of the Group of Seven (G-7) bloc, consisting of Australia, Brazil, China, the European Union (EU), India, Japan and the US, yesterday mulled over a new compromise text Lamy put forward on Monday. But the talks failed to break an impasse on a clutch of key issues, notably what is called the special safeguard measure, a mechanism to allow developing countries to increase tariffs on farm produce in the event of import surges or price collapses. (allAfrica.com)
Canada turns to bilateral deals after WTO talks fail Jul 30, 2008
But George said that Canada was likely excluded from the group of seven countries doing the heavy work in the negotiations because of its decision to bring a "status quo" negotiating stance. "Our position was divided at best," Davis agreed. (CTV.ca)
The implications of failure Jul 30, 2008
WTO Director-General Pascal Lamy brought China into a core Group of Seven countries that tried to find a compromise, recognizing the clout of the world's second-biggest exporter. The talks exposed once again the faultlines running through the European Union, as French President Nicolas Sarkozy rallied opposition to an emerging deal even as European Trade Commissioner Peter Mandelson was trying to negotiate it. (Globe and Mail)
Global study finds Canadian business taxes among lowest in world Jul 29, 2008
8 on KPMG's Total Tax Index, making it the only Group of Seven country with lower levies on businesses than the United States, which, as the benchmark, had a score of 100. The KPMG study goes beyond corporate income tax rates, creating a fuller picture of companies' tax bills by including levies on goods, property, capital and labour. (Globe and Mail)
Africa: Compromises Tabled at World Trade Talks [press release] Jul 28, 2008
They are the result of discussions the previous day first among a group of seven ministers and then the larger representative group of about 30 ministers (the so-called Green Room). "The package will remain on the table as a contribution toward our work," WTO Director-General Pascal Lamy reported to members in the informal Trade Negotiations Committee, where the full membership can oversee the "concentric circles" of small and large meetings. (allAfrica.com)
French Bemoan End of `Life Beyond Work' as Sarkozy Dismantles 35-Hour Week Jul 28, 2008
French employees' hours are the second-lowest in the Group of Seven industrialized countries, behind Germany, according to the Organization for Economic Cooperation and Development. The French worked an average 1,561 hours in 2007, 291 fewer than in 1979. (Bloomberg)
U.K. Economy Grew 0.2% in Second Quarter, Matching Slowest Pace Since 2001 Jul 27, 2008
The U.K. is the first of the Group of Seven nations to announce GDP figures for the second quarter. While growth is slowing, the International Monetary Fund still expects the U.K. to perform better than the world's other major economies. (Bloomberg -- Europe)
* Ochoa takes one shot lead at Evian, Kung joint-second Jul 26, 2008
South Koreans Kim In-kyung and Kim Young were another shot back along with compatriot Amy Yang, while defending champion Natalie Gulbis X who played with Ochoa Thursday X led a group of seven at 3 under. This story has been viewed 222 times. (Taipei Times, Taiwan -- World)
* WTO in critical free trade negotiations Jul 26, 2008
After meetings of the 35 invited delegations failed to deliver progress early in the week, WTO head Pascal Lamy has concentrated his efforts on trying to get a smaller group of seven leading trade powers to find common ground on key issues. Eight delegations complained about the approach at a morning meeting, Rockwell said, with host nation Switzerland leading the criticism. (Taipei Times, Taiwan -- World)
Ochoa takes Evian lead with bogey-free 65 Jul 25, 2008
South Koreans Kim In-kyung and Kim Young were another shot back along with Amy Yang, while defending champion Natalie Gulbis - who played with Ochoa Thursday - led a group of seven at 3 under. Annika Sorenstam played Friday with the status of crowd favorite in what is her final competitive trip to Europe, which concludes with the British Women's Open next week. (MSNBC -- Sports)
Canada Inflation Accelerates to 3.1%, Fastest Pace Since September 2005 Jul 24, 2008
Canadian households are still faring better than other Group of Seven countries. Consumer prices in June rose 5 percent in the U.S. from a year earlier, and in Italy they gained 3. (Bloomberg -- Canada)
Sources: WTO negotiations make some progress Jul 24, 2008
GENEVA, July 24 (Xinhua) -- A group of seven key WTO members made some progress in overnight negotiations on a new global trade deal, sources said on Thursday. The marathon meeting, which started Wednesday afternoon and lasted till early Thursday, focused on the major topics of the so-called Doha Round negotiations, including farm subsidies and agricultural and industrial tariffs. (Xinhuanet, China)
Cadel keeps pace with leaders, headbutts camera Jul 23, 2008
After finishing 11th at one minute, 28 seconds and in a group of seven riders behind the French winner Cyril Dessel (Ag2r), Evans is still third overall at eight seconds behind Luxembourg's Frank Schleck (CSC). But he took a leaf out of Frenchman Zinedine Zidane's football book of follies and tried to headbutt an intrusive camera out of the way. (Sydney Morning Herald -- Sport)
China gets seat at top WTO table Jul 23, 2008
One official said the smaller group of seven powers which account for most of global trade, would look for ways to advance this week's crucial talks on a new global trade pact by examining issues such as U.S. farm subsidy limits and industrial tariffs in emerging markets. The so-called Doha free trade round has dragged on since its inception in Qatar's capital in 2001. (Globe and Mail -- Business)
Sony Life Insurance, Kokusai Increase Japan Bonds, See Inflation Falling Jul 22, 2008
Investors should delay purchases of Japan's bonds because they yield the least in the Group of Seven nations, according to DIAM Co., which runs an $8. 63 billion bond fund, the nation's third biggest. (Bloomberg -- Japan)
Italian Consumer Confidence Slumps to 15-Year Low on Food, Energy Prices Jul 22, 2008
5 percent growth, which would make Italy the laggard among the world's advanced economies, defined as the Group of Seven countries and the 15 nations sharing the euro. Italy's growth rate has trailed the European Union average for more than a decade. (Bloomberg -- Europe)
2 share lead in Milwaukee event Jul 19, 2008
In a group of seven players at 133 was defending champion Joe Ogilvie, who had a 67 to remain in contention to become the first player to win back-to-back titles. Kenny Perry shot 68 for a 5-under total of 135 in a tournament he won in 2003. (San Francisco Chronicle -- Sports)
Johnson keeps share of lead in Milwaukee Jul 19, 2008
In a group of seven players at 133 was defending champion , who had a 67 to remain in contention to become the first player to win back-to-back titles. "I'm not in it to lose it," Ogilvie said. (ESPN -- Golf)
On Shark alert Jul 19, 2008
At 2-over-par 142 is a group of seven that includes the three co-leaders from the first round Rocco Mediate, Graeme McDowell and Robert Allenby, each of whom shot 73 yesterday and the also-resurrected David Duval, the former world No. 1 who had slipped into a tie for No. 1,087. Duval shot 69. (San Diego Union-Tribune -- Sports)
Historic church ponders future Jul 19, 2008
The group of seven people will meet monthly until a decision has been made. It has no deadline to dispose of the property and has yet to lean toward a single decision. (The Augusta Chronicle)
Eagles soar in academic standing Jul 19, 2008
A group of seven student-athletes, consisting of Mike Smith, Brandon Harrington, Mike Aimone, Jacob Gruver, Joe Schultz, Perisha Hinton and Stacy Girard, represent Chadron State. Share This Story. (Rapid City Journal, SD)
IMF Raises Forecast for Global Economic Growth, Warns of Inflation Threat Jul 18, 2008
The IMF raised growth forecasts for six of the Group of Seven industrial nations, with only Canada's economy downgraded ... This was the largest increase in the forecast of any of the group of seven leading industrial nations. (Bloomberg -- Latin America)
Carney Says Canada's Credit Markets Improving, Returned to `New Normal' Jul 18, 2008
Carney said today that Canada was the first Group of Seven central bank to end such loans. The cost for banks to borrow for three months versus what investors predict Canada's benchmark will be has narrowed in recent weeks, indicating smoother lending conditions. (Bloomberg -- Canada)
Bank of Canada Says Inflation to Breach Its Upper Target of 3% to Mid-2009 Jul 18, 2008
Canada's inflation record this year has been better than other Group of Seven industrialized nations. Consumer prices rose 2. (Bloomberg -- Canada)
IMF raises growth outlook, warns on inflation Jul 18, 2008
Welcome to The Sydney Morning Herald. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Business)
A healthy transition Jul 17, 2008
We didn t have the knowledge and we didn t have the space, LeColst said about the needs associated with creating a server for the group of seven towns. After unsuccessfully trying out different avenues, the group decided to contact Beverly Hospital and ask if they were willing to help them with some of the technological requirements. (Boxford Tri Town Transcript, MA)
Now Canada faces the demons Jul 16, 2008
According to the TD forecast, Canada's growth will be the second lowest in the Group of Seven rich countries this year, with its meagre 1-per-cent expansion coming in stronger only than Italy. That's because developed countries are feeling the combined effects of a global credit crunch, a U.S. downturn and rising energy costs. (Globe and Mail -- Business)
Russia and Kazakhstan Strive to Put OSCE Democratization Arm in a Sling Jul 15, 2008
Kazakhstan is among a group of seven post-Soviet nations in the OSCE that have been pressing the organization to pay less attention to election monitoring, adherence to democratic standards and observance of human rights, and refocus on its other dimensions -- economic environmental and, first and foremost, politico-military. In comments reprinted in the July 2 issue of Russia s "Kommersant" daily, Kazakhstan s Senate Speaker Qasymzhomart Toqaev described the OSCE as a "security organization.". (EurasiaNet.org)
Carney May Keep Canada Rate at 3% as Manufacturers Struggle, Economy Slows Jul 15, 2008
Canada's inflation record this year is better than other Group of Seven industrialized nations: consumer prices advanced 2. 2 percent in May from a year earlier, compared with 4. (Bloomberg -- Canada)
Stagflation shakes economists' outlook Jul 8, 2008
Other Group of Seven rich countries are teetering as well, and in Canada Ontario's economic decline portends the spreading pain, Ms. Cooper wrote in a note to clients published on Monday. But G7 interest rates are already too low for the likes of emerging market economies with their currencies pegged to the U.S. dollar, she said. (Globe and Mail)
British pound to buckle under economic gloom Jul 8, 2008
One factor that has been supporting the pound is inflation, which is preventing the Bank of England cutting rates from 5 per cent the highest in the Group of Seven industrialized nations. The futures market is pricing in a strong chance of a rate hike from the Bank of England by the end of the year, but economists polled by Reuters are forecasting a one-in-three chance of a cut due to the sagging economy. (Globe and Mail -- Business)
* Overton, Pernice share three-shot lead at AT&T Jul 6, 2008
A group of seven players are at five-under, including Australians Rod Pampling and Nick OHern who shot 69 and 65. The greens were a lot softer, Pampling said. (Taipei Times, Taiwan -- World)
Capturing the soul of Hanoi Jul 6, 2008
DiGi Customer Service Representative Azizan Adbul Rahim also joined them as DiGis winner from within the company, making up the group of seven. They might have thought of the trip as a time to kick back and relax, but Apostrophe had other plans for them. (The Star Online, Malaysia)
Marino feels at home Local lad takes 1-stroke lead at Congressional Jul 4, 2008
Rory McIlroy was at 5-under, and a group of seven was another stroke back. This article appeared on page D - 3 of the San Francisco Chronicle. (San Francisco Chronicle -- Sports)
Fisher shoots 63 to lead European Open Jul 4, 2008
"He told me where to hit it, where the run-offs were and what clubs to hit. He was pretty much spot-on,'' Fisher said.advertisementThe 27-year-old Englishman started at the 10th hole on the 7,257-yard London Golf Club course and birdied four of the first nine, with his only bogey at the eighth.He went on to birdie his last six holes, capping his run with a wind-assisted drive of more than 400 yards at the par-4 ninth, finishing about 35 yards short of the flag.Rory McIlroy was 5 under, and a... (MSNBC -- Sports)
Fisher's course-record 63 leads European Open Jul 4, 2008
was 5-under, and a group of seven was another stroke back. opened with 69, defending champion shot a 70 and had a 71. (ESPN -- Golf)
France Sees Tough Work at EU Environment Meeting Jul 4, 2008
Poland and a group of seven eastern European states led by Hungary are pushing for the EU to ease their pain by overhauling Europe's Emission Trading Scheme (ETS), the EU's main tool in the battle against climate change that makes companies pay for permits to emit CO2. Poland, which gets about 90 percent of its power from carbon-intensive coal, wants power companies to receive free CO2 permits for longer to prevent electricity prices rising. (Planet Ark, United States)
Trichet Adopts Greenspan Approach to Risk as ECB Prepares Inflation Attack Jul 4, 2008
It is the first central bank within the Group of Seven to tighten monetary policy since financial markets seized up last August. Raising Rates. (Bloomberg)
