Wires

More

  • CHENGDU, China July 24- Global finance officials, jolted by growing anti-trade and economic nationalism movements behind Britain's vote to leave the European Union and Donald Trump's U.S. presidential campaign, are intensifying pledges for more "inclusive" growth. Certainly, the benefits of these efforts are unlikely to be seen quickly enough to influence...

  • CHENGDU, China July 24- Global finance officials, jolted by growing anti-trade and economic nationalism movements behind Britain's vote to leave the European Union and Donald Trump's U.S. presidential campaign, are intensifying pledges for more "inclusive" growth. Certainly, the benefits of these efforts are unlikely to be seen quickly enough to influence...

  • CHENGDU, China July 24- Global finance officials, jolted by growing anti-trade and economic nationalism movements behind Britain's vote to leave the European Union and Donald Trump's U.S. presidential campaign, are intensifying pledges for more "inclusive" growth. Certainly, the benefits of these efforts are unlikely to be seen quickly enough to influence...

  • CHENGDU, China, July 24- Turkey wanted the final communique of the world's financial leaders meeting in China this weekend to include an endorsement of the current government after the failed coup attempt last week, but did not succeed, G20 officials said. But European Commissioner for Economic Affairs confirmed on Sunday that Turkey had sought such a mention.

  • CHENGDU, China, July 24- The world's biggest economies will work to support global growth and better share the benefits of trade, policymakers said on Sunday after a meeting dominated by the impact of Britain's exit from Europe and fears of rising protectionism. Philip Hammond, Britain's new finance minister, said the uncertainty about Brexit would begin to...

  • CHENGDU, China, July 24- Chinese finance minister Lou Jiwei said China should rely on reform, not fiscal spending, to address structural issues, and added that the country's high savings rate and other conditions allows it to sustain investment growth.

  • CHENGDU, China, July 24- Structural reforms are important to bolster economic growth and share the benefits broadly, Christine Lagarde, Managing Director of the International Monetary Fund, said on Sunday after a meeting of G20 ministers. "Structural reforms are particularly critical, as recent IMF work shows that well-designed structural reforms can lift...

  • CHENGDU, China, July 24- Britain's new finance minister Philip Hammond sought to address concerns among global finance chiefs about the uncertain path ahead for the country's exit from the European Union, saying there could be more clarity later this year. "What will start to reduce uncertainty is when we are able to set out more clearly the kind of arrangement we...

  • CHENGDU, China, July 24- Policymakers from the Group of 20 economies agreed conversations on Britain's exit from the European Union should start as soon as possible to get a clearer long-term perspective and lessen uncertainty, French Finance Minister Michel Sapin said. Sapin made the comments at a news conference after a G20 meeting of finance ministers and...

  • *Takeovers of UK firms valued at $34.5 bln since June 23. LONDON, July 24- Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain voted to leave the European Union and defying expectations of an M&A drought. The SoftBank deal was hailed by the government as a sign of UK economic...

  • *Takeovers of UK firms valued at $34.5 bln since June 23. LONDON, July 24- Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain voted to leave the European Union and defying expectations of an M&A drought. The SoftBank deal was hailed by the government as a sign of UK economic...

  • *Takeovers of UK firms valued at $34.5 bln since June 23. LONDON, July 24- Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain voted to leave the European Union and defying expectations of an M&A drought. The SoftBank deal was hailed by the government as a sign of UK economic...

  • STOCKHOLM, July 24- Business tycoon Melker Schorling, one of Sweden's most prominent investors, says he is well-positioned to expand his 60 billion crown investment empire even as he prepares to hand over affairs to his daughters. In a decade, MSAB has had returns of over 500 percent, outperforming rivals such as Wallenberg-backed Investor AB and...

  • *Takeovers of UK firms valued at $34.5 bln since June 23. LONDON, July 24- Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain voted to leave the European Union and defying expectations of an M&A drought. The SoftBank deal was hailed by the government as a sign of UK economic...

  • CHENGDU, China, July 24- U.S. Treasury Secretary Jack Lew said he told a meeting of policymakers from the Group of 20 economies that the United States's economy was strong and its job market was healthy. The United States could look at fiscal policy from a position of strength as the country's deficit had fallen, he told a news conference after a two-day meeting of...

  • CHENGDU, China, July 24- The United States and China discussed the importance of working together to negotiate new international guidelines governing the provision of export credits and on addressing global excess industrial capacity, U.S. Lew made the comments during a meeting with Chinese Minister of Finance Lou Jiwei on the sidelines of a G20 meeting of...

  • VIENTIANE, Laos— Southeast Asia's main grouping apparently failed to reach a consensus on how to deal with China's territorial expansion in the South China Sea, intensifying a diplomatic stalemate that officials said they hope to resolve after closed-door parleys on Sunday. A bland press statement issued at the end of the talks said only that the ministers...

  • CHENGDU, China, July 24- British finance minister Philip Hammond said on Sunday that uncertainty about how the country will leave the European Union could be eased later this year once the negotiating positions of both sides become clearer. "What will start to reduce uncertainty is when we are able to set out more clearly the kind of arrangement we envisage going...

  • CHENGDU, China July 24- There are no signs yet that economic development in Europe has been affected by Britain's decision to leave the European Union, but risks from Brexit could impact German growth down the line, Bundesbank President Jens Weidmann said on Sunday.

  • CHENGDU, China, July 24- China's finance minister Lou Jiwei warned on Sunday that the government cannot easily step in to solve debt problems, but that China does not have systemic regional debt risks despite a few corporate defaults. Lou was speaking at the conclusion of the G20 meeting of finance ministers and central bankers in the southwestern Chinese city...