International Organizations G7

  • *France to seek progress on digital tax. Aug 20- A Group of Seven summit to be held this weekend in France will likely end without a joint communique due to gaps between member nations on trade, a Japanese government official with knowledge of the matter said on Tuesday. The summit, to be held in the southwestern French city of Biarritz on Aug 24-26, comes at a time when...

  • WASHINGTON, Aug 11- China is unlikely to face serious consequences from the Trump administration's decision to label it a currency manipulator given the apparent lack of G7 and IMF support for the move, former and current U.S. and G7 officials said. Monday's designation came just hours after President Donald Trump tweeted that China was manipulating its...

  • PARIS, Aug 7- Iranian President Hassan Rouhani has not been invited to this month's G7 summit, a French diplomat said on Wednesday, denying a media report published as European leaders seek a way to defuse a brewing confrontation between Tehran and Washington. For months, France, Britain and Germany have worked to salvage Iran's internationally-brokered...

  • Gold fell about 1% on Friday as the dollar firmed and investors took profits after prices briefly surpassed $1,450 to hit a six-year peak on dovish signals from the U.S. Federal Reserve and is still on course for a second week of gains.

  • U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer arrive for a group photo session after a meeting with Chinese Vice Premier Liu He in Beijing on May 1, 2019.

    "Right now we're having principal-level calls and to the extent that it makes sense for us to set up in-person meetings, I would anticipate that we would be doing that," U.S. Treasury Secretary Steven Mnuchin told Reuters.

  • CHANTILLY, France, July 18- Digital currencies such as Facebook's planned Libra raise serious concerns and must be regulated as tightly as possible to ensure they do not upset the world's financial system, Group of Seven finance ministers and central bankers said on Thursday. Finance Minister Bruno Le Maire of France, which holds the rotating presidency of the...

  • CHANTILLY, France, July 18- Digital currencies such as Facebook's planned Libra raise serious concerns and must be regulated as tightly as possible to ensure they do not upset the world's financial system, Group of Seven finance ministers and central bankers said on Thursday. Finance Minister Bruno Le Maire of France, which holds the rotating presidency of the...

  • WASHINGTON, July 18- U.S. and Chinese officials will hold a telephone call later on Thursday that could pave the way for further in-person trade talks, U.S. Treasury Secretary Steven Mnuchin told CNBC. Mnuchin, speaking from the G7 meeting in Chantilly, France, said he and U.S.

  • CHANTILLY, France, July 18- Stablecoins like Facebook's Libra can foster financial inclusion but they must be held "to the highest regulatory standards" to ensure that they aren't used to launder money and that users are protected, a Group of Seven taskforce on the issue concluded. The taskforce presented its first report to G7 finance minister and central...

  • G7 FINANCE CHIEFS AGREE PROJECTS SUCH AS LIBRA MAY AFFECT MONETARY SOVEREIGNTY AND FUNCTIONING OF INTERNATIONAL MONETARY SYSTEM- DRAFT OF G7 CHAIR SUMMARY.

  • *Applying existing rules on Libra may not be enough- finmin Aso. *No G7 consensus on how to regulate Libra- Japan official. CHANTILLY, France, July 17- Japanese Finance Minister Taro Aso on Wednesday urged his G7 counterparts to make a comprehensive assessment of Facebook Inc's Libra digital currency for any fresh challenges that could be overlooked by existing...

  • WASHINGTON, July 17- The Trump administration plans to adopt shorter communiques and generally revamp how the Group of Seven rich nations does its work when the United States leads the body in 2020, a White House adviser said. Kelly Ann Shaw, deputy assistant to President Donald Trump for international economic affairs, said the White House views multilateral...

  • CHANTILLY, France, July 17- Japan's Finance Minister Taro Aso said on Wednesday that various voices of scepticism over Facebook Inc's Libra digital currency surfaced at a gathering of Group of Seven finance leaders. "A digital currency like Libra could lower remittance costs, so there are some benefits to users," Aso told reporters after the first day of a two-day...

  • CHANTILLY, France, July 17- Japan's Finance Minister Taro Aso said on Wednesday that various voices of skepticism over Facebook Inc's Libra digital currency surfaced at a gathering of Group of Seven finance leaders. "A digital currency like Libra could lower remittance costs, so there are some benefits to users," Aso told reporters after the first day of a two-day...

  • CHANTILLY, France, July 17- Group of Seven finance chiefs cast a cloud over prospects for Facebook's Libra digital coin on Wednesday, insisting tough regulatory problems would have to be worked out first. "We cannot accept having any exchange currencies with the same kind of power and the same kind of role as sovereign currencies," French Finance Minister Bruno Le...

  • CHANTILLY, France, July 17- France said on Wednesday the conditions were not ripe for Facebook to go ahead with plans for its Libra digital coin, as G7 finance ministers gathered north of Paris on Wednesday for a meeting focused on reining in the powers of big tech giants. France, which chairs the Group of Seven advanced economies this year, has asked European...

  • CHANTILLY, France, July 17- G7 finance ministers will have the growing powers of big digital firms in their sights when they meet on Wednesday outside Paris despite divisions about how best to tax them. France wants to use its presidency of the two-day meeting in the picturesque chateau town of Chantilly north of Paris to get broad support for ensuring minimum...

  • FRENCH ECONOMY MINISTER TELLS CORRIERE DELLA SERA LIBRA MUST NOT BECOME LIKE A SOVEREIGN CURRENCY, G7 IS VERY VIGILANT ON THIS.

  • WASHINGTON, July 16- International Monetary Fund chief Christine Lagarde announced on Tuesday she had submitted her resignation from the global lender, saying she had more clarity about her nomination to be the next head of the European Central Bank. Lagarde's decision to resign comes on the eve of a meeting of the Group of Seven finance ministers in Chantilly,...

  • BERLIN, July 16- German Finance Minister Olaf Scholz said regulators must ensure that cryptocurrencies such as Facebook' s planned digital coin Libra do not threaten financial stability and consumer privacy. "The issuance of a currency does not belong in the hands of a private company because this is a core element of state sovereignty," Scholz said ahead of a G7...