Articles by admin

China is preparing to curb some technology exports to the United States, the chief editor of China’s Global Times newspaper said on Saturday.

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A highly anticipated late June meeting between U.S. President Donald Trump and Chinese President Xi Jinping has some parallels with their Buenos Aires summit last December that postponed a tariff hike, U.S. Treasury Secretary Steven Mnuchin said on Saturday.

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U.S. Treasury Secretary Steven Mnuchin said on Saturday that the U.S.-Mexico immigration deal met President Donald Trump’s objectives of fixing immigration problems on the southern U.S. border, but Trump will retain the authority to impose tariffs if Mexico fails to live up to it.

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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 were divided on whether the need to resolve them was “pressing”.

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Most Group of 20 finance leaders said escalating trade tensions pose a huge downside risk for the global economy, a senior Japanese Ministry of Finance said on Saturday.

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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.

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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”.

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U.S. bond fund managers are betting that the steep gains in Treasuries over the last month are here to stay.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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