Business & Finance News
U.S. President Donald Trump made clear on Friday his priority at a summit of Group of 20 leaders was trade deals to boost the U.S. economy, as other leaders such as China’s Xi Jinping warned against protectionism and its threat to the global economy.
Oil prices eased on Friday as traders awaited any update on the Sino-U.S. trade war from a scheduled weekend meeting of the two countries’ presidents at the G20, and eyed next week’s OPEC gathering.
U.S. President Donald Trump said he expected a productive meeting with China’s President Xi Jinping on Saturday, highly anticipated talks on the sidelines of the G20 Summit amid the U.S.-Chinese trade tensions.
President Donald Trump on Friday told Russian President Vladimir Putin not to meddle in the U.S. elections, appearing to make light of a scandal that led to a two-year investigation into his campaign’s contact with the Kremlin during the 2016 elections.
Asian shares stumbled on Friday and gold jumped amid rising doubts that a highly anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping this weekend could lead to an easing of trade tensions.
Work on the final G20 documents is not going easy, the group’s Russia sherpa Svetlana Lukash said on Friday, naming World Trade Organization reform, information security, climate change and migration as among issues members were struggling to agree.
Kouakou Kinimo is a pretty typical Ivory Coast cocoa farmer. He works a small holding. At 52, he’s roughly the mean age for a West African grower. And, like many farmers, he doesn’t want any of his six children to follow in his footsteps.
Saudi Arabia’s Public Investment Fund (PIF) has pursued eye-catching investments abroad over the past several years, part of reform plans to diversify the economy beyond oil and transform the country into a high-tech investment powerhouse.
Saudi Arabia’s Public Investment Fund (PIF) risks being pulled deeper into Crown Prince Mohammed bin Salman’s domestic projects, curbing its international ambitions and tying its fortunes closer to its home market, four sources familiar with its strategy said.
Royal Dutch Shell and Exxon Mobil are looking to re-enter the market in Somalia ahead of an oil block bid round taking place later this year, the country’s oil ministry said in a statement.
Many Group of 20 leaders voiced concern over trade tensions and the risk they pose on the global economy at their meeting in Osaka, western Japan, on Friday, a senior Japanese government official said.
Morgan Stanley is likely to get regulatory approval for owning a majority stake in its Chinese securities joint venture in the second half of this year, people with direct knowledge of the matter told Reuters.
Russian President Vladimir Putin said on Friday that his face-to-face meeting with U.S. President Donald Trump in Osaka would be a good opportunity to continue dialogue between the leaders following their summit in Helsinki last year.
Nissan ex-Chairman Carlos Ghosn will hold a press conference in Tokyo at 9 p.m. (1200 GMT) (0800 EDT) on Friday, according to a person familiar with the matter.
Mega deals set the pace for mergers and acquisitions (M&A) globally in the second quarter of 2019, as large U.S. companies defied trade row jitters and seized on strong equity and debt capital markets to agree on transformative combinations.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
