Policy uncertainty, protectionism can impact global economy - China finance minister

BEIJING  - China's Finance Minister Xiao Jie, who attended last week's G20 meeting, warned that momentum seen in the global economy could be curbed by policy uncertainties and the rise of protectionism.

G20 finance ministers and central bankers, in their communique issued following a gathering in the German resort town of Baden-Baden, dropped a pledge to

World stocks baulk at G20's protectionism shift, dollar six-week low

By Jamie McGeever

LONDON  - World stocks opened the week on a cautious footing on Monday after the G20's decision to drop a pledge to avoid trade protectionism, while the U.S. Federal Reserve's conservative rate guidance continued to push the dollar lower.

Asian stocks were mixed, European stocks fell as much as 0.3 percent and U.S. futures poin

Analysis - G20 ministers give Mnuchin space to define Trump trade agenda

By David Lawder

BADEN BADEN, Germany  - Wary of their first official encounter with U.S. President Donald Trump's blustery trade agenda, the world's top finance officials were relieved to find new Treasury Secretary Steven Mnuchin polite and business-like over the weekend.

But they yielded ground to the newcomer's push for the Group of 20 ma

Asia stocks mixed, dollar slips as Fed continues to weigh

By Nichola Saminather

SINGAPORE  - Asian stocks were mixed on Monday in thin trade, following Wall Street's declines and the G20's decision to drop a pledge to avoid trade protectionism, while the Federal Reserve's less hawkish-than-expected comments continued to weigh on the dollar.

European stocks are set for a subdued start, with financia

Interview: G20 review of banking rules no rollback of regulation - Weidmann

By Gernot Heller

BERLIN - Finance leaders of the world's top economies have agreed to review banking rules, but this does not automatically mean hard-fought financial market regulation will be rolled back, Bundesbank President Jens Weidmann told Reuters on Sunday.

The new U.S. administration has argued that excessive bank regulation is holding back lendi

G20 trade wording considered a setback for export champion Germany

BADEN-BADEN - The failure of the world's financial leaders to agree on resisting protectionism and support free trade marks a setback in the G20 process and poses a risk for growth of export-driven economies such as host Germany, economists said on Sunday.

Acquiescing to an increasingly protectionist United States after a two-day meeting in the German town of Bade

G20 finance heads to agree on forex, struggle on trade, climate change

By David Lawder and Leika Kihara

BADEN BADEN, Germany - The world's financial leaders will renounce competitive devaluations and warn against exchange rate volatility, a document showed on Friday, but are likely to struggle to find common ground on trade and financing against climate change.

The difficulty stems from a major shift in the views of the Uni

Japan Aso calls on G20 to reconfirm warning vs excess FX volatility

BADEN BADEN, Germany - Japanese Finance Minister Taro Aso said on Friday it was "very important" for the Group of 20 economies to reconfirm its warning that excess currency volatility was undesirable for economic stability.

"I told my G20 counterparts that while the global economy was recovering gradually, downside risks existed so it was important to r

G20 to sidestep trade issue due to discord with U.S. - Schaeuble

BERLIN - The protectionist stance of the new U.S. administration could complicate G20 talks this week and force policymakers to leave out the disputed trade issue, German Finance Minister Wolfgang Schaeuble said.

Speaking to Reuters ahead of the G20 gathering of finance ministers and central bankers in the German town of Baden-Baden on Friday and Saturday, Schaeuble s

Exclusive - Germany to press G20 to sign off on free trade amid worries about US stance: sources

By Takashi Umekawa and Michael Nienaber

TOKYO/BERLIN  - Germany will press G20 members to sign off on a set of principles including free trade at this week's meeting of the group's financial leaders, in what the Trump administration may perceive as a challenge to its more protectionist stance.

In an unusual move, Germany, the host of the meeting

Treasury's Mnuchin to 'push hard' for U.S. interests at G20 - official

By David Lawder

WASHINGTON - U.S. Treasury Secretary Steven Mnuchin will be "pushing hard" to advance U.S. interests in his debut meeting with Group of 20 counterparts this week, including reaffirming commitments to avoid competitive currency devaluations, a senior Treasury official said on Monday.Mnuchin, who will attend a meeting of finance ministers and c

Crunch week as Fed meets on rates, Trump team joins G20

By William Schomberg

LONDON  - After a year that tipped conventional wisdom on its head, the coming week might suggest a return to some sort of normality for the global economy -- or instead take investors into a whole new round of uncertainty.

On the face of it, Wednesday's expected interest rate hike by the Federal Reserve would be a clear sign th

Dollar under spotlight as first Donald Trump -era G20 eyes FX stance overhaul

By Jamie McGeever

LONDON  - A draft communique prepared for next week's gathering of G20 finance chiefs has dropped the group's standard pledges on the need for flexible yet stable exchange rates and orderly markets, suggesting it could prove a landmark event for currency markets.

The world's most powerful finance ministers and central banke

G20 draft no longer rejects protectionism or competitive devaluations

By Jan Strupczewski

BRUSSELS  - The world's financial leaders may no longer explicitly reject protectionism or competitive currency devaluations, a draft communique of their meeting next week showed, promising only to keep an "open and fair international trading system".

Finance ministers and central bank heads from the Group of 20 major d

G20 need to redouble efforts to boost financial market regulation - German govt

HAMBURG - The governments of the G20 leading economies must increase their efforts to strengthen financial market regulation, a German government spokesman said on Monday.

"We're not yet there where we want to be," Steffen Seibert said on financial market regulation, adding that without the G20 group, progress on the issue would not be as far as it is.<

Business leaders urge G20 to resist protectionism

BERLIN - A group of business executives has urged the Group of 20 leading economies to resist the temptation to take protectionist measures and to foster international economic cooperation.

Germany took over the G20 presidency last week, a platform Chancellor Angela Merkel wants to use to safeguard multilateral cooperation under threat following Donald Trump's vic

Germany`s Schaeuble urges G20 - work together to fix world`s woes

BERLIN  - German Finance Minister Wolfgang Schaeuble called on the G20 leading economies on Wednesday to work more closely together, resisting a push towards protectionism by U.S. President-elect Donald Trump.

Germany takes over the presidency of the G20 on Thursday, a platform Chancellor Angela Merkel wants to use to safeguard multilateral cooperation that may b

U.S. Treasury’s Lew sees no Fed surprises for emerging markets

BUENOS AIRES - U.S. Treasury Secretary Jack Lew said major emerging market countries should be better able to anticipate a U.S. interest rate hike because of the Federal Reserve’s clear communications, a recapitalised International Monetary Fund and efforts to coordinate monetary and fiscal policies.

Lew told Reuters in an interview late Monday that G20 finance

G20 a success for China, but hard issues kicked down the road

By Ben Blanchard

BEIJING, Sept 6  - China is lauding its successful hosting of the G20 summit in scenic Hangzhou, with open confrontation largely avoided and broad consensus reached over the fragile state of the global economy and the need for a wide range of policies to fix it.

There was even a joint announcement by China and United States that they wo

G20 pledges to tackle global steel glut, quell China tensions

HANGZHOU, China - G20 leaders have pledged to work together to address excess steel capacity that has punished the global industry with low metal prices for years while raising tensions between China and other major producers.

A statement from the White House said that leaders at the G20 summit in Hangzhou, eastern China, on Monday accepted that overc

Japan`s Abe tells G20 global economy downside risk increasing

HANGZHOU, China - Japanese Prime Minister Shinzo Abe told the G20 summit that the downside risk to the global economic outlook is increasing, a senior Japanese government spokesman said on Monday.

The summit its happening in the eastern Chinese city of Hangzhou.

(Reporting by Kiyoshi Takenaka Writing by Ben Blanchard; Editing by Simon Cameron-Moore)

China`s Hangzhou turns ghost town as G20 leaders arrive

By Joseph Campbell

HANGZHOU, China  - The Chinese city of Hangzhou felt like a ghost town on Saturday ahead of the arrival of leaders from the world's 20 biggest economies, after the government encouraged residents to clear out and cranked up security for the summit.

On the eve of the Group of 20 summit, roads and malls around the main venue in the

Narendra Modi to visit Vietnam before heading for G20 Summit in China

The Prime Minister Narendra Modi would be visiting Vietnam on Friday evening before heading for Annual G-20 Leaders Summit in Hangzhou, China on Saturday, said the government release.

PM greets the people of Vietnam on their National Day by saying that, “Greetings to the people of Vietnam on their National Day. Vietnam is a friendly nation with whom we cherish our relationship.&

G20 to focus on balanced growth: Chinese officials

The upcoming G20 summit slated to be held in the Chinese city of Hangzhou, will focus on international cooperation in the face of economic risks and challenges to achieve sustainable and balanced growth, officials said.

Vice Foreign Minister Li Baodong said this summit hopes to give the G20 group a leading role in charting the right direction for the world economy. The group members w

16/08/2016 9:21:05 AM | Posted in World Market More News read full news
China signals growth, not political disputes, should dominate G20

By Sue-Lin Wong and Ben Blanchard

BEIJING - China expects next month's summit of the G20 which it is hosting will focus on boosting economic growth and other financial issues rather than disputes like the South China Sea, senior officials said on Monday.

The summit of the world's 20 biggest economies in the eastern city of Hangzhou will be the highli

15/08/2016 1:56:50 PM | Posted in World Market More News read full news