Finance Ministers at a Group of 20 meeting in Japan are agreed that minimum taxation is a good idea, German Finance Minister Olaf Scholz said on Saturday, adding that it would come.
It would be either illegal or useless for Italy to issue bonds to pay its suppliers as these notes would break European currency rules or add to the country's massive government debt, the Italian finance minister said on Saturday.
U.S. bond fund managers are betting that the steep gains in Treasuries over the last month are here to stay.
Japanese Finance Minister Taro Aso said on Saturday that uncertainty over U.S.-China trade friction, if not resolved early enough, could hurt market confidence in the outlook for the global economy.
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 are divided on whether the need to resolve them was "pressing".
U.S. Treasury Secretary Steven Mnuchin said on Saturday that the U.S.-Mexico immigration deal met President Donald Trump's objectives of fixing immigration problems on the southern U.S. border, but Trump will retain the authority to impose tariffs if Mexico fails to live up to it.
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.