June 28- Uncertainty from trade tensions and slowing global growth is increasing the need for developing countries to pursue reforms that make them more attractive to private investment, World Bank President David Malpass said on Friday. The International Monetary Fund has forecast a similar slowdown, driven primarily by increased tariffs, primarily...
Meredith Sumpter of Eurasia and John Rutledge of Safanad join CNBC's "Power Lunch" team to break down what to expect out of President Trump's meeting with Chinese president Xi Jinping about trade.
Asked by a reporter whether President Trump would raise the issue during a bilateral meeting with Putin, the U.S. president said: "Yes, of course I will." Trump then turned to Putin to give the directive twice while pointing at the Russian leader. Putin maintained a smile as the remark was interpreted for him.
*Tensions over Iran have boosted prices. LONDON, June 28- Brent crude oil held near $67 a barrel on Friday ahead of talks over the trade dispute between the U.S. and Chinese presidents this weekend and on production cuts from OPEC on Monday. Brent crude futures were up 5 cents at $66.60 a barrel by 1350 GMT.
*Tensions over Iran have boosted prices. LONDON, June 28- Brent crude oil held near $67 a barrel on Friday ahead of talks over the trade dispute between the U.S. and Chinese presidents this weekend and on production cuts from OPEC on Monday. Brent crude futures were up 15 cents at $66.70 per barrel by 1210 GMT.
A meeting between President Donald Trump and Turkish President Recep Tayyip Erdogan will likely result in sanctions, with the two nations on a "collision course" over geopolitical issues, an emerging markets analyst told CNBC.
Rebecca Harding, CEO of Coriolis Technologies, discusses Russian President Vladimir Putin's comments to the Financial Times that Western liberalism has "become obsolete."
Angel Gurria, OECD Secretary-General, said the world "would be much worse off today" without central banks stimulating economies in the past decade.
OSAKA, June 28- European Union leaders warned on Friday against the damage that escalating U.S.- China trade friction was inflicting on the global economy, as the Group of 20 economies began a two-day summit in Japan's western city of Osaka. "The trade relations between China and the U.S. are difficult, they are contributing to the slowdown of the global economy,"...
CNBC's "Power Lunch" breaks down how markets are trading with Hugh Johnson, chief investment officer at Hugh Johnson Advisors, and Nela Richardson, investment strategist with Edward Jones.
*Iraq says OPEC set for rollover, may discuss deeper curb. NEW YORK, June 27- Oil prices edged lower on Thursday, pressured by worries about whether the G20 summit will produce a breakthrough on trade that could strengthen the global economy and boost oil demand. Brent crude futures fell 18 cents, or 0.3%, to $66.31 a barrel by 11:30 a.m. EDT.
CNBC's Kayla Tausche reports from Osaka, Japan where the U.S. and China are expected to resume trade talks at the G-20 Summit.
Jeff Kleintop, chief global investment strategist at Charles Schwab, and Jurrien Timmer, director of global macro at Fidelity Investments, join "Squawk on the Street" to discuss the G-20 Summit happening in Osaka, Japan, and whether a trade deal will be reached between the U.S. and China.
*Iraq says OPEC set for rollover, may discuss deeper curb. LONDON, June 27- Oil fell below $66 a barrel on Thursday, weighed down by concerns over whether the G20 summit will produce a breakthrough on trade and perceptions that supply is ample despite prospects for continued OPEC curbs. Brent crude, the global benchmark, was down 56 cents at $65.93 by 1215 GMT.
LONDON, June 27- Oil slid below $66 a barrel on Thursday, pressured by concerns over whether the G20 summit will produce a breakthrough on trade and perceptions that supply is ample despite the prospect of continued OPEC curbs. Brent crude, the global benchmark, was down 75 cents at $65.74 by 1022 GMT. West Texas Intermediate crude fell 64 cents to $58.74.
The meeting between U.S. President Donald Trump and Chinese President Xi Jinping is likely to be the most closely watched event at the G-20 summit in Osaka.
CNBC's "Closing Bell" team breaks down markets and the global economy with Ben Mandel, global strategist at J.P. Morgan Asset Management, and Jay Jacobs of Global X Funds.
CNBC's "Power Lunch" team breaks down how markets are trading ahead of Trump's meeting with China's XI Jinping with Mark Luschini, chief investment strategist at Janney Montgomery, and Peter Boockvar of Bleakley Advisory.
Treasury Secretary Steven Mnuchin told CNBC on Wednesday the U.S. and China were close to a trade deal, and he's optimistic that progress can be made during weekend talks between President Donald Trump and China's Xi Jinping during the G-20 meeting. "We were about 90% of the way there [with a deal] and I think there's a path to complete this," he told CNBC's Hadley Gamble in Manama, Bahrain.
Russian President Vladimir Putin and U.S. President Donald Trump will have an hour-long meeting on the sidelines of a G-20 summit on June 28 in Osaka in Japan, a Kremlin aide said on Wednesday.