Month: June 2019

A trade dispute between the United States and China could reduce global trade by 1% in the medium term, Bundesbank President Jens Weidmann said on Sunday.

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Finance leaders from the world’s top economies on Sunday adopted new principles to ensure countries that lend and borrow for infrastructure spending do so in a sustainable manner, a move seen as addressing concerns that China’s lending practices have saddled some emerging nations with huge debt.

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French finance minister Bruno Le Maire on Sunday said it was necessary to preserve the alliance between Renault SA and Japan’s Nissan Motor Co Ltd, which he said has benefited the French automaker with synergies and technology.

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China summoned global technology companies for talks last week following last month’s U.S. ban on selling technology to China’s Huawei Technologies Co Ltd, two people familiar with the matter told Reuters on Sunday.

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Group of 20 finance leaders said on Sunday that trade and geopolitical tensions have “intensified”, raising risks to improving global growth, but they stopped short of calling for a resolution of a deepening U.S.-China trade conflict.

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Group of 20 finance leaders said on Sunday that trade and geopolitical tensions have “intensified” but failed to express a pressing need to resolve them, in a final draft communique that said global growth is likely to pick up.

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Group of 20 finance ministers agreed on Sunday to compile common rules to close loopholes used by global tech giants such as Facebook to reduce their corporate taxes, a final version of the bloc’s communique obtained by Reuters showed.

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U.S. Treasury Secretary Steven Mnuchin said in a tweet on Sunday he had a “constructive meeting” with People’s Bank of China Governor Yi Gang, including a “candid discussion” on trade issues.

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Financial leaders of the world’s biggest economies will say on Sunday that global growth is likely to pick up this year and next, but that intensified trade and geopolitical tensions were among the key downside risks, the final draft communique showed.

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Opaque pricing for lithium, the powerhouse metal fueling the electric vehicle revolution, is expected to be top of mind this week as the industry’s leaders gather in Santiago, with calls rising for more transparency to attract much-needed expansion funding.

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Group of 20 finance leaders agreed to describe global trade and geopolitical tensions as “intensified” but failed to express the desire to resolve them, three G20 sources said as a second day of meetings got underway on Sunday.

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Group of 20 finance leaders agreed to describe trade and geopolitical tensions as “intensified” and pledged to take further action to address these economic risks, three G20 sources said as a second day of meetings got underway on Sunday.

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United Technologies Corp is nearing a deal to merge its aerospace business with U.S. defense contractor Raytheon Co and form a new company worth well over $100 billion, a person familiar with the matter said on Saturday.

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The Group of 20 finance leaders will say in their communique to be released on Sunday that “most importantly, trade and geopolitical tensions have intensified,” a G20 source said.

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United Technologies Corp is nearing a deal to merge its aerospace business with U.S. defense contractor Raytheon Co and form a new company worth well over $100 billion, a person familiar with the matter said on Saturday.

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