Finance news

• Aso: Told G20 Japan's economic stimulus package will boost long-term growth

  04-09-2016 16:43 via news.yahoo.com
  
  Japanese Finance Minister Taro Aso said on Sunday he told his Group of 20 counterparts that Japan's latest economic stimulus package will boost the country's long-term growth potential, even as the global backdrop worsens. "I explained that the government's economic measures will boost structural reform, promote future-oriented development and lead to an acceleration of Japan's growth potential," Aso told reporters after the first evening of a G20 summit in Hangzhou, China.
  
  Read more

• China tells G20 to avoid 'empty talk', cure global economy

  04-09-2016 15:28 via news.yahoo.com
  
  Chinese President Xi Jinping urged world leaders to avoid "empty talk" and confront sluggish economic growth and rising protectionism as their summit opened Sunday in the scenic city of Hangzhou. The Chinese leader said the world economy "still faces multiple risks and challenges including a lack of growth momentum and consumption, turbulent financial markets, receding global trade and investment". The rise of protectionism is challenging economic globalisation, imperilling multilateral trade ar
  
  Read more

• China's Xi at G20 says world economy at risk, warns against protectionism

  04-09-2016 14:19 via news.yahoo.com
  
  By Kevin Yao and Kiyoshi Takenaka HANGZHOU, China (Reuters) - The global economy is being threatened by rising protectionism and risks from highly leveraged financial markets, Chinese President Xi Jinping said at the open of a two-day summit of leaders from G20 nations. With the summit taking place after Britain's vote in June to exit the European Union and before the U.S. presidential election in November, observers expect G20 leaders to mount a defense of free trade and globalization and warn
  
  Read more

• Japan warns Brexit may drive banks, pharma investment to EU

  04-09-2016 13:24 via news.yahoo.com
  
  Japan has warned Britain that its exit from the European Union could prompt Japanese financial institutions to relocate from London and listed a raft of concerns from Japanese companies about the transition away of the EU. In a 15-page report published on the eve of a summit of the Group of 20 big economies in China, a Japanese government task force formed to respond to "Brexit" also warned of a possible outflow of drug research and development investment from Britain, though it said it expected
  
  Read more

• Advertisement

• UK's Theresa May to review security risks of Chinese-funded nuclear deal

  04-09-2016 13:17
  
  HANGZHOU, China (Reuters) - British Prime Minister Theresa May said on Sunday she wanted her security advisers to help review a delayed nuclear power investment from China - a source of diplomatic...
  
  Read more

• Exclusive: Saudi state fund plans stake in big industrial zone - source

  04-09-2016 13:05 via news.yahoo.com
  
  Saudi Arabia's top sovereign wealth fund is negotiating to buy a stake in one of the kingdom's most ambitious real estate projects as Riyadh restructures the economy to cope with low oil prices, a source familiar with the plan said. The Public Investment Fund aims to invest in King Abdullah Economic City (KAEC) on the Red Sea coast near Jeddah, the source said.
  
  Read more

• China's Xi sombre about world economy at G20, warns against protectionism

  04-09-2016 12:57 via news.yahoo.com
  
  By Kevin Yao and Nathaniel Taplin HANGZHOU, China (Reuters) - The global economy is being threatened by rising protectionism and risks of high leverage are accumulating, Chinese President Xi Jinping said at the open of a two-day summit of leaders from G20 nations. With the summit tucked in between Britain's surprise vote in June to exit the European Union and the U.S. presidential election in November, G20 leaders are expected by observers to mount a defence of free trade and globalisation and w
  
  Read more

• Merkel says G20 leaders agreed to work together to boost economic growth

  04-09-2016 12:44 via news.yahoo.com
  
  HANGZHOU, China (Reuters) - German Chancellor Angela Merkel said on Sunday G20 leaders meeting in China agreed they needed to work together to increase world economic growth. She welcomed China's focus on structural reforms during its rotating presidency of the group, and said digital ministers from the world's 20 biggest economies would meet for the first time next year, when Germany will take over the G20 presidency. She said the group also planned to set up a task force on innovation. (Report
  
  Read more

• Advertisement

• Spacecom seeks to keep Xinwei deal alive after satellite destroyed

  04-09-2016 12:31
  
  JERUSALEM (Reuters) - Israeli satellite operator Space Communicationssaid on Sunday it was working on an amended deal to be acquired by Beijing Xinwei Technology Groupafter a Spacecom...
  
  Read more

• Zimbabwe's Mugabe says judges reckless for allowing protests

  04-09-2016 11:37 via news.yahoo.com
  
  Zimbabwean President Robert Mugabe has accused court judges of being reckless in allowing anti-government demonstrations that later turned violent, state media reported on Sunday, a day before a legal challenge to last week's official ban on protests. The southern African nation on Thursday outlawed all demonstrations for two weeks in the capital Harare, which has witnessed protests against Mugabe's handling of the economy, cash shortages and high unemployment. Some political activists have appr
  
  Read more

• China's Xi warns against 'empty talk' as G20 summit opens

  04-09-2016 11:09 via news.yahoo.com
  
  Leaders of the world's biggest powers met Sunday to try to revive the sluggish world economy, with their host Chinese President Xi Jinping urging them to avoid "empty talk". Xi welcomed each president and prime minister to the Group of 20 summit with a handshake, and had an extended clasp with Barack Obama as both men smiled, despite protocol stumbles around the US leader's visit. In a circular conference hall in Hangzhou -- the scenic eastern city left deserted by a vast security operation -- X
  
  Read more

• Avery Dennison to buy Israel's Hanita Coatings: report

  04-09-2016 10:46
  
  TEL AVIV (Reuters) - California-based Avery Dennisonhas agreed to buy Hanita Coatings from the Hanita kibbutz and the Tene investment fund for $75 million, the Calcalist financial news website said...
  
  Read more

• France's Macron criticizes government for holding back on reforms

  04-09-2016 10:26 via news.yahoo.com
  
  Emmanuel Macron, who resigned from the French government on Tuesday, criticized President Francois Hollande's government in a newspaper interview for not pushing hard enough for reforms. "I kept trying, proposing, pushing ... If you want to succeed you cannot leave work half done, and unfortunately many things were left half done! The choice was made not to launch a second wave of economic reforms as I was proposing it," he told Le Journal du Dimanche. Macron, a 38-year old former investment ban
  
  Read more

• Malaysia expects more Zika cases as virus spreads in Southeast Asia

  04-09-2016 10:25 via news.yahoo.com
  
  By A. Ananthalakshmi KUALA LUMPUR (Reuters) - Malaysia is bracing for more Zika cases, officials said on Sunday, after detecting the first locally infected patient, which could further stretch a health system struggling with dengue, another mosquito-borne virus that can be fatal. Both Zika, which is of particular risk to pregnant women, and the dengue virus are spread by the Aedes aegypti mosquito, which is common in tropical Malaysia, Southeast Asia's third largest economy, and across the regio
  
  Read more

• Russia, Turkey to form joint investment fund: Russian minister

  04-09-2016 10:11 via news.yahoo.com
  
  Russian Economy Minister Alexei Ulyukaev said on Sunday President Vladimir Putin and his Turkish counterpart Tayyip Erdogan had agreed to form a joint investment fund between their two countries. "We are concluding work on the formation of a Russian-Turkish investment fund," Ulyukaev said. "At the end of August, Turkey made the necessary legislative changes to create a corresponding partner to our direct investment fund - the Turkish sovereign wealth fund." "I think by some time in October or No
  
  Read more

• Apple tax decision not against US: Juncker

  04-09-2016 09:36 via news.yahoo.com
  
  European authorities' decision to slap Apple with a huge bill for back taxes was not a decision "against the United States", European Commission chief Jean-Claude Juncker said Sunday as world leaders gathered in China for a major economic summit. The 13-billion-euro demand for payment from the American electronics giant has raised hackles in the US, with the White House decrying what it described as a "unilateral" approach to rewriting global taxation norms. Speaking to reporters before the Grou
  
  Read more

• Drowning Hanjin not alone among global shippers: analyst

  04-09-2016 09:07 via news.yahoo.com
  
  The problems that sank South Korea's Hanjin Shipping this week could be just the tip of the iceberg, analysts say, with the long-running global economic downturn having left the industry drowning in excess capacity. "The problem was the market just did not come back.
  
  Read more

• Obama quashes prospect of fast-track Brexit UK-U.S. trade deal

  04-09-2016 08:44 via news.yahoo.com
  
  By Roberta Rampton and William James HANGZHOU, China (Reuters) - U.S. President Barack Obama offered Britain little hope of a fast-track post-Brexit trade deal on Sunday, but said he would work to ensure the economic relationship between the two does not unravel after the British vote to leave the European Union. Obama met with British Prime Minister Theresa May at the start of a G20 summit in China as Britain embarks on the long process of reinventing itself as an independent trading nation fol
  
  Read more

• Trade tensions overshadow global economic summit

  04-09-2016 08:43 via news.yahoo.com
  
  HANGZHOU, China (AP) — European Union leaders called Sunday for China to take action on its bloated steel industry and defended an order to Ireland to collect taxes from Apple, highlighting the trade tensions looming over a global economic summit.
  
  Read more

• China, U.S. talks 'extremely productive' ahead of G20 as trade issues loom

  04-09-2016 08:41 via news.yahoo.com
  
  By Roberta Rampton and Michael Martina HANGZHOU, China (Reuters) - U.S. President Barack Obama said on Sunday bilateral talks with China's Xi Jinping had been "extremely productive", as world leaders gathered for a G20 summit expected to address sluggish global economic growth and the looming specter of protectionism. Security is extremely tight in Hangzhou, with parts of the city of 9 million people turned into a virtual ghost town as China seeks to ensure that the G20 summit is incident-free.
  
  Read more

• Populist mood swirls as G20 meets on global economy, trade

  04-09-2016 08:13 via news.yahoo.com
  
  G20 leaders meet on Sunday charged with reviving the sluggish world economy, but a growing anti-globalisation mood and alarm over China's territorial ambitions loom over the summit in the scenic city of Hangzhou. China is hoping a successful meeting will portray it as an assured, powerful nation ready to assume a role on the international stage that befits its status as the world's second-largest economy. In a promising opening act, Chinese President Xi Jinping and his US counterpart Barack Obam
  
  Read more

• Pakistan grants tax neutrality for sukuk deals

  04-09-2016 07:52
  
  (Reuters) - Pakistan's Federal Board of Revenue has granted sukuk transactions similar tax treatment to conventional bonds, the latest government incentive aimed at developing the country's Islamic...
  
  Read more

• MIDEAST STOCKS - Factors to watch - Sept 4

  04-09-2016 06:07
  
  Sept 4 (Reuters) - Here are some factors that may affect
  Middle East stock markets on Sunday. Reuters has not verified
  the press reports and does not vouch for their accuracy.
  
  Read more

• UK economy will suffer after Brexit vote - May

  04-09-2016 02:15 via news.yahoo.com
  
  By William James HANGZHOU (Reuters) - Britain's economy will suffer as a result of the decision to leave the European Union despite signs in recent economic data that the impact has not been as severe as some predicted, Prime Minister Theresa May said on Sunday.     The June decision to leave the 28-country EU sent financial markets into shock in anticipation of a recession as Britain enters a years-long process of tearing itself away from its biggest trading partner and forging a new
  
  Read more

• UK economy will suffer after Brexit vote: British PM May

  04-09-2016 02:13 via news.yahoo.com
  
  By William James HANGZHOU (Reuters) - Britain's economy will suffer as a result of the decision to leave the European Union despite signs in recent economic data that the impact has not been as severe as some predicted, Prime Minister Theresa May said on Sunday.     The June decision to leave the 28-country EU sent financial markets into shock in anticipation of a recession as Britain enters a years-long process of tearing itself away from its biggest trading partner and forging a new
  
  Read more

• UPDATE 1-British PM May: UK economy will suffer after Brexit vote

  04-09-2016 02:12
  
  HANGZHOU, Sept 4 (Reuters) - Britain's economy will suffer
  as a result of the decision to leave the European Union despite
  signs in recent economic data that the impact has not been as
  severe as some...
  
  Read more

• British PM May: UK economy will suffer after Brexit vote

  04-09-2016 02:00
  
  HANGZHOU,Sept 4 (Reuters) - Britain's economy will suffer
  as a result of the decision to leave the European Union despite
  signs in recent economic data that the impact has not been as
  severe as...
  
  Read more

• UK economy expands at steady pace despite Brexit vote - CBI

  04-09-2016 01:25 via news.yahoo.com
  
  Britain's economy appears to have largely avoided a big hit from the Brexit vote in June and is growing at a steady pace while companies have grown slightly more optimistic about the outlook, the Confederation of British Industry said on Sunday. "While it's still early days following the EU vote, the economy is continuing to grow at a steady pace, despite mixed performances across different sectors," Rain Newton-Smith, CBI chief economist, said. Other business surveys have also suggested the eco
  
  Read more

• Argentina's richest man, Carlos Bulgheroni, dead at 71

  04-09-2016 00:50
  
  BUENOS AIRES, Sept 3 (Reuters) - Argentina's richest man
  according to Forbes, energy mogul Carlos Bulgheroni, died on
  Saturday in the United States, where he was hospitalized
  following a surgical...
  
  Read more

• WORLD NEWS SCHEDULE AT 1800 GMT/6 PM ET

  04-09-2016 00:08
  
  ELBEYLI, Turkey/BEIRUT - Turkey and its rebel allies open a
  new line of attack in northern Syria as Turkish tanks roll
  across the border and Syrian fighters sweep in from the west to
  take villages...
  
  Read more

Follow @FinanceUSA_News on Twitter!