Japanese Finance Minister Taro Aso said on Saturday that uncertainty over U.S.-China trade friction, if not resolved early enough, could hurt market confidence in the outlook for the global economy.
Global trade tensions threaten an expected pick up in economic growth this year and in 2020, a draft communique by the world’s financial leaders showed on Saturday, but the policymakers are divided on whether the need to resolve them was “pressing”.
U.S. bond fund managers are betting that the steep gains in Treasuries over the last month are here to stay.
Finance Ministers at a Group of 20 meeting in Japan are agreed that minimum taxation is a good idea, German Finance Minister Olaf Scholz said on Saturday, adding that it would come.
It would be either illegal or useless for Italy to issue bonds to pay its suppliers as these notes would break European currency rules or add to the country’s massive government debt, the Italian finance minister said on Saturday.
Finance leaders of the Group of 20 major economies will steer clear of promises to avoid protectionism in a communique on Sunday amid escalating U.S.-China trade tensions, officials say, casting doubt on their ability to take a united front in averting a global recession.
French Finance Minister Bruno Le Maire said France is ready to cut its stake in Renault SA in order to consolidate Renault’s partnership with Nissan Motor Co, Agence France Press (AFP) reported on Saturday.
Bank of Japan Governor Haruhiko Kuroda on Saturday maintained his view the global economy will recover in the latter half of this year, but warned that uncertainties remain as fallout from the Sino-U.S. trade war deepens.
Financial leaders of the world’s top economies are likely steer clear of promises to avoid protectionism in their communique on Sunday, amid an escalating trade conflict between the United States and China, officials said on Saturday.
U.S. Treasury Secretary Steven Mnuchin said on Saturday he would discuss trade issues with People’s Bank of China Governor Yi Gang, but the main progress in the U.S.-China trade dispute would take place later this month at a meeting between President Donald Trump and Chinese President Xi Jinping.
French Finance Minister Bruno Le Maire said France is ready to cut its stake in Renault SA in order to shore up Renault’s partnership with Nissan Motor Co, according to an AFP tweet on Saturday.
The United States and Mexico struck a deal on Friday to avert a tariff war, with Mexico agreeing to rapidly expand a controversial asylum program and deploy security forces to stem the flow of illegal Central American migrants.
The deal over migration struck on Friday between Mexico and the United States has given a boost to the process of ratifying a new North American trade deal known as the United States-Mexico-Canada Agreement (USMCA), a senior Mexican official said.
Mexico has agreed to take more migrants seeking asylum in the United States while they await adjudication of their cases, according to details of an agreement reached late on Friday that led President Donald Trump to call off threatened tariffs.
Mexico’s National Guard will begin deploying on Mexico’s southern border with Guatemala from Monday to contain the flow of migrants headed to the United States, Mexican Foreign Minister Marcelo Ebrard said on Friday.
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