U.S. Treasury Secretary Steven Mnuchin on Friday said he welcomes a proposal to double the size of the International Monetary Fund’s $250 billion crisis lending fund as part of a deal to maintain overall IMF resources.
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Blacklisted Chinese telecoms equipment giant Huawei is in early-stage talks with some U.S. telecoms companies about licensing its 5G network technology to them, a Huawei executive told Reuters on Friday.
Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank could ease monetary policy further if needed, as it still had tools available to prop up economic growth.
Dallas Federal Reserve Bank President Robert Kaplan said on Friday that it “bothers” him that banks now must borrow from each other overnight at higher rates than they would for longer periods – a topsy turvy situation that he said could lead to tighter financial conditions.
The International Monetary Fund said on Friday its 189 member countries had agreed to maintain the IMF’s $1 trillion in total lending resources while delaying changes to its shareholding structure to as late as December 2023.
Group of 20 finance leaders agreed that global stablecoins give rise to a set of “serious” public policy and regulatory risks, a press release from Japan, the group’s chair, showed on Friday.
The International Monetary Fund on Friday said it is awaiting the Ecuadorian government’s next move regarding fuel subsidies to continue the revision of its lending program for the South American country.
Boeing Co turned over instant messages from 2016 between two employees that suggest the airplane maker may have misled the Federal Aviation Administration about a key safety system on the grounded 737 MAX, according to documents seen by Reuters.
During his time on the board of one of Ukraine’s largest natural gas companies, Hunter Biden, the son of former U.S. Vice-President Joe Biden, was regarded as a helpful non-executive director with a powerful name, according to people familiar with Biden’s role at the company.
Bank of Japan Governor Haruhiko Kuroda said on Friday there was no talk among Group of 20 finance leaders on the possibility of central banks issuing digital currencies, as part of efforts to enhance cross-border settlement services.
Oracle Corp’s co-chief executive officer, Mark Hurd, passed away on Friday, according to an internal company email reviewed by Reuters.
President Donald Trump on Friday said he thinks a trade deal between the United States and China will be signed by the time the Asia-Pacific Economic Cooperation meetings take place in Chile on Nov. 16 and 17.
SEI Investments Co on Friday said it is reviewing its business relationship with the firm of money manager Kenneth Fisher, after he allegedly made insensitive remarks about women at a recent investment conference.
The U.S. Federal Reserve should not cut interest rates further and easing policy as insurance against economic headwinds risks increasing financial instability at a stage in the business cycle when policymakers have limited room for maneuver, Kansas City Fed Bank President Esther George said on Friday.
Vast troves of consumer data collected by big technology companies allow them to gain a competitive edge and pose a threat to competition, Federal Trade Commission’s Rohit Chopra said on Friday.
Johnson & Johnson said on Friday that it would recall a single lot of its baby powder in the United States after the Food and Drug Administration found trace amounts of asbestos in samples taken from a bottle purchased online.
U.S. retailer Sears has borrowed about $150 million from lenders, including its billionaire owner Eddie Lampert, as it racks up losses less than a year after it emerged from bankruptcy protection, people familiar with the matter said.
Venezuela’s consumer prices rose 52.2% in September compared with 34.6% in August, the country’s central bank said on Friday, adding that prices rose 4,679.5% through the first nine months of the year.
A bankruptcy court in Paraná state has scheduled an auction to sell two plants belonging to Brazilian soy processor Imcopa International SA on Dec. 4, the company said on Friday.
Deepening negative interest rates remains an option if the Bank of Japan were to ramp up stimulus, though any such move must be accompanied by fiscal and structural steps to be effective, a senior International Monetary Fund official said on Friday.
U.S. stock index futures were little changed on Friday, as better-than-expected earnings reports were overshadowed by fresh jitters about the global economy after economic data from China revealed growth slowed to its weakest pace in almost 30 years.
General Motors Co
Turkey’s paltry foreign currency reserves leave it vulnerable to a financial shock in the wake of its military push into Syria, with markets concerned that geopolitical tension and sanctions over the incursion could lead to a reprise of its 2018 lira crisis.
Wisconsin’s Racine County next week will lock in $110 million, 20-year financing for a major development by Taiwan’s Foxconn Technology Group that has undergone changes in scope since it was announced in 2017, the county and a bank underwriting the bonds said.
Bank of England Governor Mark Carney said on Friday the slowdown in the world economy might mean the British central bank does not raise interest rates even if Prime Minister Boris Johnson’s Brexit plan is passed by parliament.
Asian stocks edged higher on Friday, tracking the global lift in sentiment after the UK and the European Union struck a long-awaited Brexit deal, but concern about the Chinese economy is likely to cap gains with data expected to show weaker growth.
General Motors Co
Oil prices were stable on Friday ahead of data that analysts say could show China, the world’s largest oil consumer, just recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States.
Asian nations face heightening risks to their economic outlooks as the U.S.-China trade war and slumping Chinese demand hurt the world’s fastest-growing region, the International Monetary Fund said on Friday.
Bank of England Governor Mark Carney said British Prime Minister Boris Johnson’s Brexit deal was a “net economic positive” for taking away no deal disorderly Brexit “tail risk”, BBC reporter Faisal Islam said in a tweet, citing an interview with the central banker.
Venezuela’s opposition last week sent holders of state oil company PDVSA’s 2020 bond a proposal to suspend legal actions for 90 days, the latest maneuver to avoid losing U.S. refiner Citgo, three sources familiar with the talks said.
Bank of England Governor Mark Carney said on Friday he had not before seen the level of concern among global finance chiefs about barriers to trade that he has witnessed at this week’s International Monetary Fund meetings.
A month-long strike at General Motors
European officials struck a measured tone on Friday after the United States imposed new 10% and 25% tariffs on some European Union goods over aircraft subsidies, with a top German official warning against steps that could escalate the tensions.
The Pentagon’s decision to move into a full-rate production contract for the F-35 jet, made by Lockheed Martin
Tesla Inc’s attempts to humble Porsche with a new lap record on Germany’s legendary Nordschleife racetrack have reignited a controversy about the value of lap times, as the circuit steps in to quash claims of cheating.
Japanese Finance Minister Taro Aso said on Friday that risks for the global economy were tilted to the downside, particularly from further escalation of trade and geopolitical tensions, but added that he was encouraged by recent U.S.-China trade talks.
Unexpected shortages of lead due to supply disruptions have helped prices of the car battery metal to outperform other metals such as copper, aluminum and zinc, but looming surpluses mean this trend is unlikely to persist.
Lebanon is closer to a financial crisis than at any time since at least the war-torn 1980s as allies, investors and this week nationwide protests pile pressure on the government to tackle a corrupt system and enact long-promised reforms.
Apple Inc is jumping into the streaming video wars with a series that explores accusations of sexual misconduct at a fictional morning television news show, a story that tackles issues brought to life over the past two years of the #MeToo movement.
Mexican Finance Minister Arturo Herrera said on Friday the current global uncertainty over trade is another reason to ratify the agreement negotiated last year between his country, the United States and Canada.
The Brazilian government awarded on Friday contracts for companies to build new power generation installations with combined capacity of 2.98 gigawatts, that will require around 11.16 billion reais ($2.71 billion) to be built.
French carmaker Renault dragged European shares lower on Friday, while the sharpest contraction in the Chinese economy in nearly three decades exacerbated worries about slowing global growth.
Chinese importers have been busy booking fresh purchases of soybeans from Brazil this week, despite the White House announcement that China had agreed to buy up to $50 billion of U.S. farm products annually during trade talks last week.
Federal Reserve Vice Chairman Richard Clarida reiterated his stance that the central bank will “act as appropriate” to extend the recovery and shield the U.S. economy from risks posed by geopolitical tensions and slowing global growth.
The European Commission will ask Italy for clarifications over its 2020 draft budget, Commission Vice President Valdis Dombrovskis said on Friday.
Brazilian Central Bank governor Roberto Campos Neto said on Friday that the recent weakening of the real against the dollar has not hit inflation, adding that there was room for a cut in Brazil’s benchmark Selic interest rate.
Minneapolis Fed President Neel Kashkari on Friday signaled he continues to support further U.S. interest rate cuts, saying that monetary policy should be “somewhat accommodative”, given the risks to the economic outlook.
With the $2 he earns in wages each week working as a cargo driver for Venezuelan state oil company PDVSA, 56-year-old Freddy Brito cannot even afford to buy one kilogram (2.2 lb) of cheese.