Global trade tensions threaten an expected pick-up in economic growth this year and in 2020, a draft communique by the world's financial leaders showed on Saturday, but the policymakers were divided on whether the need to resolve them was "pressing".
Most Group of 20 finance leaders said escalating trade tensions pose a huge downside risk for the global economy, a senior Japanese Ministry of Finance said on Saturday.
Iran has no plans to leave the Organization of the Petroleum Exporting Countries despite being treated like an enemy by some fellow members, Oil Minister Bijan Zanganeh said in an interview published on Saturday.
A judge in San Francisco has ruled that the Federal Energy Regulatory Commission has no jurisdiction over a dispute involving PG&E Corp's $42 billion worth of contracts with energy companies.
Group of 20 finance ministers agreed on Saturday to compile common rules to close loopholes used by global tech giants such as Facebook to reduce their corporate taxes, a copy of the bloc's draft communique obtained by Reuters showed.
International Monetary Fund Managing Director Christine Lagarde warned on Saturday that the increasing presence of technology giants using big data and artificial intelligence could cause a significant disruption to the world's financial system.
The migration deal imposed on Mexico this week by U.S. President Donald Trump under the threat of punitive tariffs was a victory for "hostage-taking" over international rules, a former head of the World Trade Organization (WTO) said on Saturday.
U.S. President Donald Trump on Saturday predicted Mexico would strongly enforce a new deal under which it agreed to expand a controversial asylum program and boost security on its southern border to stem Central American migrants trying to reach the United States.
U.S. President Donald Trump on Saturday predicted Mexico would strongly enforce a new deal under which it agreed to expand a controversial asylum program and boost security on its southern border to stem Central American migrants trying to reach the United States.
Raytheon Co and United Technologies Corp are in talks to merge in an all-stock deal, the Wall Street Journal reported on Saturday, citing a person familiar with the matter.
United Technologies Corp is nearing a deal to merge its aerospace business with U.S. defense contractor Raytheon Co and form a new company worth well over $100 billion, a person familiar with the matter said on Saturday.
Oil prices rose nearly 3% on Friday, climbing further from five-month lows hit this week, after Saudi Arabia said OPEC was close to agreeing to extend an output production cut beyond June and as Wall Street rallied.
FedEx Corp said on Friday it has decided to not renew its contract with Amazon.com Inc for U.S. cargo delivery through FedEx Express, the unit that delivers packages on planes.
Weak U.S. hiring data led investors to raise bets on Friday the U.S. Federal Reserve will cut interest rates later this year to stave off a recession. Is the U.S. economy really showing signs of rolling over?
Major world stock indexes jumped and U.S. Treasury yields tumbled on Friday after a slowdown in job growth fueled hopes of a U.S. interest rate cut, while hints of progress in Washington's trade fights added to equity market optimism.