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Updated: 2 hours 4 min ago

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

Sat, 06/08/2019 - 5:03am
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.

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

Sat, 06/08/2019 - 4:06am
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.

Japan's Aso says US-China trade uncertainty could hurt market confidence

Sat, 06/08/2019 - 4:05am
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 - 4:04am
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".

German finance minister says G20 ministers agree on minimum taxation

Sat, 06/08/2019 - 2:41am
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.

G20 agrees to push ahead with rules on corporate tax targeting tech giants

Fri, 06/07/2019 - 10:58pm
Group of 20 finance ministers agreed to push ahead on compiling common rules that will close loopholes that global technology giants like Facebook use to reduce their corporate tax burden.

BOJ's Kuroda warns of uncertainties on global recovery prospects

Fri, 06/07/2019 - 10:58pm
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

Fri, 06/07/2019 - 10:56pm
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.

Trump calls off tariffs after Mexico vows to tighten borders

Fri, 06/07/2019 - 10:37pm
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.

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

Fri, 06/07/2019 - 9:57pm
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.

Putin stands by China, criticizes U.S., in trade, Huawei disputes

Fri, 06/07/2019 - 9:52pm
Aggressive U.S. tactics such as a campaign against Chinese telecoms firm Huawei will lead to trade wars - and possibly real wars - Russian President Vladimir Putin said on Friday, in a show of solidarity with China alongside its leader Xi Jinping.

Two women injured in UK homophobic attack 'for refusing to kiss'

Fri, 06/07/2019 - 9:46pm
Two women were punched and robbed in what police on Friday called a disgusting homophobic assault on a London bus, after one of the victims said their attackers tried to force them to kiss each other.

U.S. says to expand program sending asylum seekers to Mexico

Fri, 06/07/2019 - 9:43pm
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.

U.S.-Mexico migration deal boosts USMCA approval drive-Mexico official

Fri, 06/07/2019 - 9:43pm
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 national guard to deploy on southern border from Monday: minister

Fri, 06/07/2019 - 8:52pm
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.

Under tariff threat, Mexico less attractive to companies avoiding China trade war

Fri, 06/07/2019 - 8:35pm
A flood of companies eyeing Mexico as a safe haven from the U.S. trade war with China risks evaporating after President Donald Trump last week threatened to unleash tariffs on Mexico too.

House panel weighs holding Trump Cabinet members in contempt over census

Fri, 06/07/2019 - 8:34pm
The U.S. House Oversight Committee plans to vote next week on holding Attorney General William Barr and Commerce Secretary Wilbur Ross in contempt of Congress for stonewalling a probe into an alleged scheme to politicize the 2020 U.S. Census.

U.S., Mexico resume talks to avert tariffs as deadline approaches

Fri, 06/07/2019 - 7:52pm
U.S. and Mexican negotiators resumed migration talks on Friday to try to avert a potential trade war that could hurt both countries' economies and rattle investors already nervous about Washington's escalating battle with China.

Trump suspends tariffs on Mexico after deal on immigration reached

Fri, 06/07/2019 - 7:37pm
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.

Mexican president reiterates desire to avoid conflict with Trump

Fri, 06/07/2019 - 6:50pm
Mexican President Andres Manuel Lopez Obrador on Friday reiterated his desire to avoid confrontation with the U.S. government and to stay friends with his U.S. counterpart Donald Trump amid the threat of a trade war over migration.