Business & Finance News
Finance ministers and central bankers from the world’s largest economies said on Sunday that heightened trade and geopolitical tensions risk derailing global growth, and called for greater dialogue, according to the final communique of a G20 meeting.
European Commissioner for Economic and Financial Affairs Pierre Moscovici said on Sunday that differences of position on trade tensions remained after talks among G20 finance ministers in Argentina but the meeting was not tense.
Finance ministers and central bankers from the world’s largest economies said on Sunday that heightened trade and geopolitical tensions risk derailing global growth and called for greater dialogue, according to the final communique of a G20 meeting.
The United States’ removal of tariffs on steel and aluminum imports is not a necessary precondition for trade talks between the United States and the European Union to begin, the European Council representative to the G20 Hubert Fuchs said on Sunday.
Fiat Chrysler Chief Executive Sergio Marchionne was being treated in a Zurich hospital on Sunday with a serious illness after suffering complications following shoulder surgery.
Volkswagen is renting parking spaces from August to stockpile vehicles which cannot be sold due to bottlenecks caused by new engine emissions tests, a spokeswoman said on Sunday.
German industry groups warned on Sunday, before European Commission President Jean-Claude Juncker meets U.S. President Donald Trump this week, that tariffs the United States has imposed or is threatening to introduce risk harming America itself.
Japan should be careful about recent remarks by U.S. President Donald Trump on currencies and might need to convince Washington its monetary easing is not aimed at weakening the yen but beating deflation, a finance ministry official said on Saturday.
The United States sought to woo Europe and Japan with free trade deals on Saturday to gain leverage in an escalating tariff war with China but its overtures faced stiff resistance from France at a G20 finance ministers meeting dominated by trade tensions.
Japan should be careful about recent remarks by U.S. President Donald Trump on currencies and it might need to convince Washington that its monetary easing is not aimed at weakening the yen but beating deflation, a finance ministry official said.
Sergio Marchionne bowed out on Saturday as one of the auto industry’s most demanding and tenacious chief executives, his health in crisis after a career in which he rescued Fiat and Chrysler, two of its most storied brands.
Fiat Chrysler Automobiles NV’s new chief executive Mike Manley, who has overseen the effort to turn Jeep into a global brand, now plans to carry out the parent company’s strategy unveiled last month, the company said Saturday.
German industry groups warned on Sunday, ahead of a meeting between European Commission President Jean-Claude Juncker and U.S. President Donald Trump, that tariffs the United States has recently imposed or threatened risk harming the U.S. itself.
The chief executive of Airbus said he was open to a merger of his firm’s jet fighter business with that of BAE Systems , the Sunday Times reported.
Fiat Chrysler named on Saturday its Jeep division boss Mike Manley to take over immediately from Chief Executive Sergio Marchionne, who is seriously ill after suffering major complications following surgery.
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