LONDON (Reuters) – The option of a one-time payment holiday during times of intense crisis might enable countries to pandemic-proof their bonds, a prominent debt fund believes. Economic fallout from COVID-19 has triggered a record number of sovereign defaults ... More »
BERLIN (Reuters) – The danger to the euro zone economy from the coronavirus pandemic is not yet over, European Central Bank board member Fabio Panetta told La Repubblica, adding that he saw no need to make any tweaks to the bank’s massive asset purchase progra... More »
WASHINGTON/BERLIN (Reuters) – Finance officials from the Group of 20 major economies on Saturday vowed to resolve major differences over taxing big tech companies and reach a broad, consensus-based solution on international taxation this year. The United State... More »
LONDON (Reuters) – A growth spurt in the balance sheets of the world’s biggest central banks has crested in recent weeks, drawing warnings from investors that any signs of backpedaling on stimulus will jolt financial markets and strangle economic recovery. The... More »
LONDON (Reuters) – The coronavirus crisis may have dealt a lethal blow to the idea that the euro could one day replace the dollar as the world’s preferred currency, by exposing euro zone frailties and cementing the U.S. Fed’s role as global lender of last reso... More »
DUBAI (Reuters) – The United Arab Emirates on Thursday suspended all sporting events to prevent the spread of coronavirus, raising doubts about whether the Dubai World Cup horse race meeting would go ahead this month. Many professional and amateur sporting eve... More »
LONDON (Reuters) – Borrowing costs in the United States, euro zone, Britain and Japan surged on Wednesday after two days in which governments across the globe announced trillions of dollars of spending to support locked-down economies frozen by the coronavirus... More »
BEIJING/SEOUL (Reuters) – Fears of a coronavirus pandemic grew on Monday after sharp rises in new cases reported in Iran, Italy and South Korea but China relaxed restrictions on movements in several places including Beijing as its rates of new infections eased... More »
RIYADH (Reuters) – Failure to reach a global deal on where and how much to tax digital giants such as Google (GOOGL.O), Amazon (AMZN.O) or Facebook (FB.O) would result in many digital tax regimes emerging all over the world, France’s Finance Minister said on S... More »
RIYADH (Reuters) – Japanese finance minister Taro Aso criticized on Sunday a U.S. tax reform proposal that he said could undermine global efforts to agree new rules on taxing big tech companies. The Organisation for Economic Cooperation and Development(OECD) i... More »
RIYADH/WASHINGTON (Reuters) – Central bankers from the United States, Japan and the euro zone meeting in the desert kingdom of Saudi Arabia this weekend had their own shifting sands to cross – those of elusive inflation. The problem facing all three is that pr... More »
RIYADH (Reuters) – Leading world economies must show unity in dealing with aggressive “tax optimization” by global digital giants like Google (GOOGL.O), Amazon (AMZN.O) and Facebook (FB.O), G20 officials said on Saturday. The Organisation for Economic Cooperat... More »
(Reuters) – 1/CHINA ON SICK LEAVE A leap in coronavirus cases in Hubei gave markets pause, for all of 24 hours. Then attention shifted back to the global case-count and the rally resumed. But while investors are focused on containment, the world’s second-bigge... More »
LONDON (Reuters) – Google, Alibaba and other “Big Tech” companies could be forced to share data on financial services customers with banks and financial technology firms to prevent unfair competition. As Facebook’s plan for its Libra “stablecoin” faces scrutin... More »
SALADILLO, Argentina (Reuters) – There is a saying among farmers when times are hard on the Argentine Pampas: “Unsaddle the horse until the sun comes out”. That saying is starting to spread in farm towns like Saladillo, after the populist-leaning Peronists won... More »
(Reuters Health) – Often when someone in the family has celiac disease, two sets of kitchenware are used to avoid inadvertent exposures to gluten. But a new study suggests that may not be necessary. In a series of experiments, researchers found that gluten-fre... More »
FRANKFURT (Reuters) – Euro zone governments must reform their economies and use appropriate fiscal policies to ensure that the European Central Bank is not overburdened, German Chancellor Angela Merkel said on Thursday. Speaking at an event in Frankfurt, home ... More »
HELSINKI (Reuters) – France and Germany said on Friday that Facebook Inc’s (FB.O) Libra currency posed risks to the financial sector that could block its authorization in Europe, and backed the development of an alternative public cryptocurrency. The criticism... More »
SAN FRANCISCO/NEW YORK (Reuters) – Facebook Inc (FB.O) revealed lofty plans to establish a cryptocurrency called Libra in June, but the project quickly ran into trouble with skeptical regulators around the world. Opposition deepened on Friday, when both France... More »
TOKYO (Reuters) – Tech giant Intel Corp said on Wednesday it will use the Tokyo 2020 Olympic Games to show off a portfolio of new technology including artificial intelligence driven 3D tracking of athletes to augment broadcasts of events during the Games. The ... More »
WASHINGTON (Reuters) – 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. The U.S... More »
TOKYO (Reuters) – Activists welcomed a goal set by the Group of 20 major economies’ to reduce additional plastic trash leaking into the ocean to zero by 2050, but said it avoided getting at the heart of the problem – slashing the output of wasteful, single-use... More »
ANKARA (Reuters) – Turkish President Tayyip Erdogan said the first delivery of the Russian S-400 missile defense system would take place within 10 days, Turkish media reported on Sunday, a day after he said there would be no U.S. sanctions over the deal. Turke... More »
OSAKA (Reuters) – The United States and China agreed on Saturday to restart trade talks after President Donald Trump offered concessions including no new tariffs and an easing of restrictions on tech company Huawei in order to reduce tensions with Beijing. Chi... More »
BEIJING/WASHINGTON (Reuters) – Scores of Asia specialists, including former U.S. diplomats and military officers, want President Donald Trump to rethink policies that “treat China as an enemy,” warning the approach could hurt U.S. interests and the global econ... More »
FUKUOKA, Japan (Reuters) – A highly anticipated late June meeting between U.S. President Donald Trump and Chinese President Xi Jinping has some parallels with their Buenos Aires summit last December that postponed a tariff hike, U.S. Treasury Secretary Steven ... More »
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Monday the global economic outlook is highly uncertain, and there are downside risks due to trade friction, China’s slowing economy and Britain’s negotiations to leave the European Union. “There ... More »
WASHINGTON (Reuters) – An internal European Central Bank model indicates the euro zone’s economic growth could slow further in the second quarter, suggesting the projected recovery may be delayed even further, two sources familiar with the discussion said on F... More »
WASHINGTON (Reuters) – Greece is looking to strike a deal this weekend to repay early about half of the loans it received from the International Monetary Fund, in a bid to lower the euro zone member’s burden of debt servicing, a senior official said on Friday.... More »
WASHINGTON (Reuters) – U.S. President Donald Trump has appointed U.S. Trade Representative Robert Lighthizer to oversee a new round of trade talks with China aimed at defusing longstanding trade tensions and heading off a wider trade war, a White House officia... More »
LONDON (Reuters) – British Prime Minister Theresa May said she had spoken about future trade with U.S. President Donald Trump at last week’s G20 Summit in Argentina, she told parliament on Monday. “I did speak to President Trump in the margins of the meeting, ... More »
BERLIN (Reuters) – Germany will not withdraw its political support for the Nord Stream 2 gas pipeline with Russia, its foreign minister said on Monday, as some lawmakers suggested curtailing the project to punish Moscow for its seizure of Ukrainian ships and t... More »
WASHINGTON/BEIJING (Reuters) – President Donald Trump and top U.S. officials said on Monday that a trade truce with China will lead to structural changes in Beijing’s economic policies, including lower tariffs, lower non-tariff barriers and more market access ... More »
ABOARD AIR FORCE ONE (Reuters) – U.S. President Donald Trump told reporters aboard Air Force One on Saturday he expects to agree to a two-week extension of funding ahead of a Dec. 7 deadline to fully fund the U.S. government because of former President George ... More »
BUENOS AIRES (Reuters) – U.S. farmers could receive cash payments from a planned $12 billion aid package as soon as late September, U.S. Agriculture Secretary Sonny Perdue told Reuters on Saturday, warning that the program will not make tariff-hit farmers whol... More »
BUENOS AIRES (Reuters) – European finance leaders called for progress on global rules to tax the digital economy at a meeting of G20 finance ministers and central bankers in Argentina on Sunday, putting them at odds with U.S. counterparts. The final communique... More »
BERLIN (Reuters) – German Chancellor Angela Merkel exchanged views with European Central Bank President Mario Draghi on Monday, her spokesman said, as part of her regular informal meetings with leaders of European institutions. Merkel’s spokesman, Steffen Seib... More »
BERLIN (Reuters) – Political turmoil in Italy, the euro zone’s third largest economy, could hit economic growth in Germany and affect the whole euro zone, the Berlin-based DIHK Chambers of Industry and Commerce said on Wednesday. The likelihood of snap Italian... More »
BERLIN (Reuters) – Germany is worried by signs of weakening in the network of multilateral organizations and agreements designed to foster international cooperation, Chancellor Angela Merkel said on Monday. Merkel blamed the fraying of the multilateral order o... More »
BERLIN (Reuters) – German Chancellor Angela Merkel said on Monday she would work with any coalition government formed in Italy, but she also warned that any discussions on economic policy would have to be within the rules governing the euro zone. Anti-establis... More »
WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world’s two largest economies, as international policymakers acknowledged Beijing needs to change its trade pract... More »
FILE PHOTO: South Korean Finance Minister Kim Dong-yeon speaks during his inaugural ceremony in Sejong government complex in Sejong, South Korea, June 15, 2017. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea’s finance minister said on Monday the government ... More »
FILE PHOTO: French Finance Minister Bruno Le Maire arrives for a news conference at the Bercy Finance Ministry in Paris, France, January 12, 2018. REUTERS/Gonzalo Fuentes PARIS (Reuters) – France and Germany want to reach a joint position on euro zone reform, ... More »
International corporate giants like Apple should pay more tax, the leader of Germany's most pro-business party said, calling for deeper cooperation within the European Union and in the group of 20 leading economies to bring this about. More »
Wages and inflation in the 19-country euro zone will eventually rise but more slowly than earlier thought, requiring continued patience from policymakers, European Central Bank President Mario Draghi said on Saturday. More »
It was supposed to relieve a headache for Australian Prime Minister Malcolm Turnbull, but a postal vote on whether to legalize same-sex marriage has awakened interest in politics among young voters who could ultimately turf him out of office. More »
Governor of the Bank of France Francois Villeroy de Galhau attends a press conference after the Franco-German Financial Council meeting in Berlin, Germany, September 23, 2016. International bank regulators need to finalize tortuous negotiations on new bank cap... More »
FILE PHOTO: The logo of Qatar Petroleum is seen at its headquartes in Doha, Qatar, July 8, 2017. Picture taken July 8, 2017. Qatar’s tensions with its neighbors are making world markets edgy about any hint of financial instability among the Gulf economies, who... More »
U.S. President Donald Trump and first lady Melania Trump board Air Force One during their departure back to Washington, at Hamburg International Airport, in Hamburg, Germany, July 8, 2017. REUTERS/Carlos Barria The following statements were posted to the verif... More »
U.S. President Donald Trump speaks with Russian President Vladimir Putin during their bilateral meeting. REUTERS/Carlos Barria U.S. President Donald Trump said on Twitter on Sunday that he discussed forming a cyber security unit to guard against election hacki... More »
FILE PHOTO – A B-1B Lancer from the U.S. Air Force 28th Air Expeditionary Wing heads out on a combat mission in support of strikes on Afghanistan in this file picture released December 7, 2001. Cedric H.Rudisill/USAF/Handout via REUTERS Two U.S bombers have fl... More »
U.S. President Donald Trump arrives at the G20 summit in Hamburg, Germany July 7, 2017. REUTERS/Carlos Barria U.S. President Donald Trump and Russian President Vladimir Putin, a veteran businessman and a former spy, meet in person for the first time on Friday ... More »
FILE PHOTO: U.S. President Donald Trump attends a working dinner meeting at the NATO headquarters during a NATO summit of heads of state and government in Brussels, Belgium, May 25, 2017. REUTERS/Matt Dunham/Pool/File Photo U.S. President Donald Trump will get... More »
Turkey on Tuesday condemned as incitement to violence an art installation in front of the German Chancellery that portrayed President Tayyip Erdogan as a dictator, a few days before he is due to attend a G20 summit in Germany. More »
U.S. President Donald Trump arrives at Joint Base Andrews, Maryland, U.S., upon his return to Washington after a weekend at the Trump National Golf Club in Bedminster, New Jersey, July 3, 2017. REUTERS/Yuri Gripas During his presidential campaign, Republican D... More »
U.S. President Donald Trump delivers remarks during an ‘Unleashing American Energy’ event at the Department of Energy in Washington, U.S., June 29, 2017. REUTERS/Carlos Barria President Donald Trump will use fast-growing supplies of U.S. natural gas as a polit... More »
FILE PHOTO: Russian President Vladimir Putin attends a news conference at the Kremlin in Moscow, Russia, on January 17, 2017 and U.S. President Donald Trump seen at a reception ceremony in Riyadh, Saudi Arabia, on May 20, 2017, as seen in this combination phot... More »
Germany’s Chancellor Angela Merkel speaks to people at a pavilion during an event of the Dual Year Germany-Mexico, at the Revolution Monument in Mexico City, Mexico June 10, 2017. REUTERS/Henry Romero German Chancellor Angela Merkel said on Saturday that the d... More »
FILE PHOTO – White House National Security Advisor H.R. McMaster (C) sits between Senior Advisor Jared Kushner (C) and Chief of Staff Reince Priebus (R) during a joint news conference held by U.S. President Donald Trump and Colombian President Juan Manuel Sant... More »
White House national security advisor H.R. McMaster speaks to reporters in the White House briefing room in Washington, U.S., May 16, 2017. REUTERS/Joshua Roberts U.S. National Security Adviser H.R. McMaster said on Saturday that “of course” President Donald T... More »
China’s Foreign Minister Wang Yi (R) meets German Foreign Minister Sigmar Gabriel at the Ministry of Foreign Affairs in Beijing, China May 24, 2017. REUTERS/Jason Lee Germany has made good progress with China on how to introduce quotas aimed at producing more ... More »
German Finance Minister Wolfgang Schaeuble said on Thursday it would be possible to develop the euro zone’s European Stability Mechanism (ESM) rescue fund into a European monetary fund soon. More »
A security personnel stands next to International Monetary Fund logo at IMF headquarters in Washington, U.S., April 19, 2017. REUTERS/Yuri Gripas World finance leaders are gathering on U.S. President Donald Trump’s home turf on Thursday to try to nudge his sti... More »
FILE PHOTO – U.S.Treasury Secretary Steven Mnuchin speaks at a press briefing at the White House in Washington, U.S. on February 14, 2017. REUTERS/Kevin Lamarque/File Photo Wary of their first official encounter with U.S. President Donald Trump’s blustery trad... More »
File photo: Flags of G20 countries are seen outside the G20 venue before the start of the G20 Summit of major world economies in Cannes November 3, 2011. REUTERS/Dylan Martinez Global efforts to create a market for growth-linked bonds that could help avert deb... More »
Andreas Dombret, member of the board of the Deutsche Bundesbank speaks during a news conference at the Deutsche Bundesbank’s Regional Office in Hesse in Frankfurt October 26, 2014. REUTERS/Ralph Orlowski There is no rush to complete new bank capital rules give... More »
Greek flags are displayed for sale for one Euro at a shop in central in Athens, Greece July 26, 2015. REUTERS/Yiannis Kourtoglou Around half of Germans are against granting debt relief to Greece and around three in 10 want the debt-laden country to quit the eu... More »
Trade between the European Union and the United States fell last year for the first time since 2013, estimates of the EU statistics agency showed on Wednesday, in line with a general drop in global trade. More »
FILE PHOTO: German Chancellor Angela Merkel arrives for a welcoming ceremony during the Group of 20 (G20) leaders summit in the Mediterranean resort city of Antalya, Turkey, November 15, 2015. REUTERS/Murad Sezer/File Photo Germany will press the Group of 20 t... More »
Christian Lindner, chairman of the liberal Free Democratic Party FDP addresses the media in Berlin, Germany, March 14, 2016. REUTERS/Wolfgang Rattay Greece should leave the euro zone and then be given debt relief, the head of Germany’s pro-business Free Democr... More »
Bank of Japan Deputy Governor Hiroshi Nakaso speaks during an interview with Reuters at the BOJ headquarters in Tokyo April 9, 2015. REUTERS/Yuya Shino Bank of Japan Deputy Governor Hiroshi Nakaso said Japan’s economy still needs massive monetary support given... More »
DAY 8 / JANUARY 27: Trump’s order to restrict people from seven Muslim-majority countries from entering the United States sparked confusion and anger after immigrants and refugees were kept off flights and left stranded in airports. REUTERS/Carlos Barria Presi... More »
Greek Finance Minister Euclid Tsakalotos delivers a speech during a parliamentary session before a budget vote in Athens, Greece, December 10, 2016. REUTERS/Alkis Konstantinidis Greek Finance Minister Euclid Tsakalotos on Thursday defended Athens’ plans to pay... More »
Dutch Finance Minister and Eurogroup President Jeroen Dijsselbloem gestures during a European Union finance ministers meeting in Brussels, Belgium, July 12, 2016. REUTERS/Francois Lenoir A reform of global banking rules should focus on lenders’ internal models... More »
JP Morgan CEO Jamie Dimon speaks at a Remain in the EU campaign event attended by Britain’s Chancellor of the Exchequer George Osborne (not shown) at JP Morgan’s corporate centre in Bournemouth, southern Britain, June 3, 2016. REUTERS/Dylan Martinez Britain’s ... More »
Greek and EU flags flutter at an open air kiosk in Athens, Greece, June 22, 2015. REUTERS/Yannis Behrakis Euro zone finance ministers are likely to approve on Monday the disbursement of much or all of the money from the 2.8 billion euro ($3.14 billion) tranche... More »
European Central Bank (ECB) President Mario Draghi addresses the European Parliament’s Economic and Monetary Affairs Committee in Brussels, Belgium September 26, 2016. REUTERS/Yves Herman European Central Bank interest rates will stay low until euro zone econo... More »
German Chancellor Angela Merkel arrives at the National Palace in Ethiopia’s capital Addis Ababa October 11, 2016. REUTERS/Tiksa Negeri German Chancellor Angela Merkel, on a trip to Ethiopia, said she wanted the African Union to get involved in trying to solve... More »
Russian President Vladimir Putin and U.S. President Barack Obama discussed the conflicts in Syria and Ukraine at their meeting on the sidelines of the Group of 20 summit in China’s Hangzhou, Russian media cited the Kremlin spokesman as saying on Monday. More »
U.S. Secretary of State John Kerry (L) and Russian Foreign Minister Sergei Lavrov attend a news conference after a meeting on Syria in Geneva, Switzerland, August 26, 2016. REUTERS/Pierre Albouy U.S. Secretary of State John Kerry and Russian Foreign Minister S... More »
South Korean President Park Geun-hye (R) walks past Chinese President Xi Jinping during their meeting on the sidelines of the G20 Summit at the West Lake State Guest House in Hangzhou, China, September 5, 2016. REUTERS/How Hwee Young/Pool North Korea fired thr... More »
Japanese Prime Minister Shinzo Abe on Monday agreed with South Korean President Park Geun-hye to closely cooperate regarding North Korea’s latest ballistic missile launch, the Japanese government said in a statement. More »
U.S. President Barack Obama watches as Chinese President Xi Jinping speaks at the opening ceremony of the G20 Summit in Hangzhou, Zhejiang province, China September 4, 2016. REUTERS/Mark Schiefelbein/Pool The global economy is being threatened by rising protec... More »
U.S. President Barack Obama arrives to attend the G20 Summit in Hangzhou, Zhejiang province, China, September 4, 2016. Picture taken September 4, 2016. REUTERS/Etienne Oliveau/Pool U.S. President Barack Obama and Russian President Vladimir Putin met on the sid... More »
German Chancellor Angela Merkel (L) chats with US President Barack Obama during the opening of the G20 Summit in Hangzhou, Zhejiang province, China, September 4, 2016. REUTERS/Nicolas Asfonri/Pool U.S. President Barack Obama on Monday met on the sidelines of t... More »
British Prime Minister Theresa May (R) meets Australian Prime Minister Malcolm Turnbull during a bilateral meeting at the sidelines of G20 Summit in Hangzhou, Zhejiang Province, China, September 5, 2016. REUTERS/Aly Song Australian Prime Minister Malcolm Turnb... More »
Japan’s Prime Minister Shinzo Abe listens to the speech of China’s President Xi Jinping during the opening ceremony of the G20 Summit in Hangzhou, China, September 4, 2016. REUTERS/Nicolas Asfonri/Pool Japanese Prime Minister Shinzo Abe told the G20 summit tha... More »
China’s President Xi Jinping speaks during the opening ceremony of the G20 Summit in Hangzhou in eastern China’s Zhejiang province, Sunday, Sept. 4, 2016. REUTERS/Mark Schiefelbein/Pool Chinese President Xi Jinping told his South Korean counterpart that China ... More »
Chinese President Xi Jinping (R) speaks to South Korean President Park Geun-hye (not pictured) during their meeting on the sidelines of the G20 Summit at the West Lake State Guest House in Hangzhou, China, September 5, 2016. REUTERS/How Hwee Young/Pool Chinese... More »
A British flag and an EU flag are seen in front of a monitor displaying a graph of the Japanese yen’s exchange rate against the U.S. dollar at a foreign exchange trading company in Tokyo, Japan, June 27, 2016. REUTERS/Toru Hanai Japan has warned Britain that i... More »
Taro Aso, Japan’s Deputy Prime Minister, attends a meeting ahead of the G20 Summit in Hangzhou, Zhejiang province, China September 4, 2016. REUTERS/Aly Song Japanese Finance Minister Taro Aso said on Sunday he told his Group of 20 counterparts that Japan’s lat... More »
European Commission President Jean-Claude Juncker chairs a meeting of the EU executive body in Brussels, Belgium, July 27, 2016. REUTERS/Francois Lenoir An EU ruling that Apple Inc must pay a huge tax bill to Ireland was clearly based on facts and existing rul... More »
South Korean President Park Geun-hye delivers her speech during a ceremony to celebrate Korean Liberation Day from Japanese colonial rule in 1945, at Seong Cultural Center in Seoul, South Korea, August 15, 2016. REUTERS/Ahn Young-joon/Pool South Korea’s Presid... More »
South Korean President Park Geun-hye delivers her speech during a ceremony to celebrate Korean Liberation Day from Japanese colonial rule in 1945, at Seong Cultural Center in Seoul, South Korea, August 15, 2016. REUTERS/Ahn Young-joon/Pool South Korea’s Presid... More »
American director Tom Ford attends the photocall for the movie ‘Nocturnal Animals’ at the 73rd Venice Film Festival in Venice, Italy September 2, 2016. REUTERS/Alessandro Bianchi After a seven-year hiatus, Tom Ford is back to film making with thriller “Nocturn... More »
A man rides an electronic bike past a billboard for the upcoming G20 summit in Hangzhou, Zhejiang province, China, July 29, 2016. Picture taken July 29, 2016. REUTERS/Aly Song China is hoping to cement its standing as a global power when it hosts leaders from ... More »
Protesters depicting Statue of Liberty (L) and Europa on the bull take part in a demonstration against Transatlantic Trade and Investment Partnership (TTIP) free trade agreement ahead of U.S. President Barack Obama’s visit in Hannover, Germany April 23, 2016. ... More »
MADRID Spain’s economy may grow around 2.9 percent in 2016, up from the current official target of 2.7 percent, although 2017 could come under pressure due to lower global growth, acting Economy Minister Luis de Guindos said on Sunday. “New macroeconomic proje... More »
CHENGDU, China 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 ... More »
CHENGDU, China The world’s leading economies have discussed how to take advantage of their lower debt costs to spend more on investment as a way to boost weak economic growth, the head of the Organisation for Economic Co-operation and Development said. “Alread... More »
