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Updated: 9 hours 39 min ago

U.S. Treasury's Mnuchin says Trump-Xi meeting has parallels to Buenos Aires summit

Sat, 06/08/2019 - 17:39
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.

G20 agrees to push ahead with digital tax: communique

Sat, 06/08/2019 - 16:33
Group of 20 finance ministers agreed on Saturday to compile common rules to close loopholes used by global tech giants such as Facebook to reduce their corporate taxes, a copy of the bloc's draft communique obtained by Reuters showed.

New U.S. sanctions show offer of talks with Iran not genuine: Foreign Ministry

Sat, 06/08/2019 - 16:11
Additional sanctions imposed on Iran by the United States show that Washington's offer of talks is not genuine, Iranian Foreign Ministry spokesman Abbas Mousavi said on Saturday.

G20 finance chiefs to warn of trade risks, differ on how 'pressing'

Sat, 06/08/2019 - 15:43
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".

Most G20 members see trade row as huge risk for global growth: Japan MOF official

Sat, 06/08/2019 - 15:23
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.

Japan's Aso says U.S.-China trade uncertainty could hurt market confidence

Sat, 06/08/2019 - 15:00
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.

G20 to say trade tensions a key risk to growth, split on urgency of finding solution

Sat, 06/08/2019 - 14:58
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".

Italy's minibonds would either be illegal or useless - finance minister

Sat, 06/08/2019 - 14:25
It would be either illegal or useless for Italy to issue bonds to pay its suppliers as such notes would break European currency rules or add to the country's massive government debt, Italian finance minister Giovanni Tria said on Saturday.

A week late, but India's monsoon arrives in Kerala

Sat, 06/08/2019 - 13:27
India's annual monsoon, which delivers about 70 percent of the country's rainfall, officially arrived on the coast of Kerala on Saturday, the weather office said, a week later than usual.

BOJ's Kuroda warns of uncertainties on global recovery prospects

Sat, 06/08/2019 - 09:29
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.

IMF's Lagarde highlights potential disruptive nature of fintech

Sat, 06/08/2019 - 09:15
International Monetary Fund Managing Director Christine Lagarde warned on Saturday that the increasing presence of technology giants using big data and artificial intelligence could cause a significant disruption to the world's financial system.

Venezuela court orders trial for detained Citgo executives

Sat, 06/08/2019 - 06:56
A Venezuelan court on Friday ordered that six executives from U.S. refiner Citgo should stand trial on charges of corruption, defying pressure from U.S. authorities to release for the group that includes naturalized U.S. citizens.

Trump suspends tariffs on Mexico after deal on immigration reached

Sat, 06/08/2019 - 06:06
U.S. President Donald Trump said on Friday that he has indefinitely suspended the threat of tariffs against Mexico after reaching "a signed agreement" on immigration.

FedEx to end Amazon contract for FedEx Express plane service

Sat, 06/08/2019 - 05:05
FedEx Corp on Friday decided to not renew its contract with Amazon.com Inc for U.S. cargo delivery through FedEx Express, the unit that delivers packages on planes, a move that reflects the broader trend of the e-commerce company moving services in-house.

Kraft Heinz completes internal probe into its procurement practices

Sat, 06/08/2019 - 04:16
Kraft Heinz Co said on Friday the numbers it restated last month were accurate following completion of an internal investigation, but that the matter was under review by the U.S. Attorney's Office.

Weak U.S. employment report raises red flag on economy

Sat, 06/08/2019 - 04:02
U.S. job growth slowed sharply in May and wages rose less than expected, raising fears that a loss of momentum in economic activity could be spreading to the labour market, which could put pressure on the Federal Reserve to cut interest rates this year.

U.S. job growth slows sharply, heightens fears about economy

Fri, 06/07/2019 - 20:03
U.S. job growth slowed sharply in May and wages rose less than expected, raising fears that a loss of momentum in economic activity could be spreading to the labor market, which could put pressure on the Federal Reserve to cut interest rates this year.

France's Sanofi bets on new CEO to drive sluggish drug sales

Fri, 06/07/2019 - 20:00
In veteran drug salesman Paul Hudson, Sanofi's 100,000-plus employees are getting a new chief executive who relishes a good commercial fight.

Manappuram Finance gets notice over alleged insider trading

Fri, 06/07/2019 - 19:56
Indian lender Manappuram Finance Ltd said on Friday it received a show-cause notice from the Securities and Exchange Board of India (SEBI) alleging that its officials disclosed price-sensitive information to a research firm in 2013.

U.S.-Mexico migration talks continue as tariff deadline looms

Fri, 06/07/2019 - 19:53
U.S. and Mexican negotiators resumed migration talks on Friday as the two sides edged closer to a trade war that could hobble both countries' economies and rattle investors already nervous about Washington's escalating battle with China.

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