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G20 to seek reassurance from Fed and China

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Reuters July 16, 2013 - 14:04 By Lidia Kelly and Douglas Busvine MOSCOW (Reuters) - G20 summits don't always set the pulse racing but this week's gathering of finance ministers and central bankers in Moscow has a better chance than most of grabbing the attention of financial markets. The policymakers meet at a sensitive time with the U.S. Federal Reserve intent on slowing, then exiting a bond-buying programme that has been creating $85 billion a month, and Beijing trying to rebalance the world's most dynamic economy. Chinese growth slowed only moderately in the second quarter and after causing ructions in world financial markets, Fed Chairman Ben Bernanke has been at pains to stress...

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