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German Chancellor Angela Merkel has no concrete plans to meet top bankers ahead of the weekend's European Union summit, the chancellor's spokesman Steffen Seibert said on Monday. more...

Letting the yuan appreciate cannot solve the U.S. trade imbalance with China, the Foreign Ministry said on Friday, hitting back at planned U.S. Senate legislation aimed at forcing Beijing to loosen controls on its currency.* more...

China’s premier Wen Jiabao’s offer to help Europe in return for full market status has increased chatter of a “grand bargain” which could help solve the current global economic crisis. more...