G20 finance heads eye impact of coronavirus outbreak on growth, see modest pickup
RIYADH (Reuters) - Finance chiefs of the world's top 20 economies vowed to monitor the impact of the coronavirus outbreak on global growth and act if needed, as they said loose monetary policy and easing trade tensions would prompt a pick-up in 2020 and 2021.
Climate change gets first mention in G20 finance communique of Trump era
RIYADH (Reuters) - Finance officials from the world's 20 biggest economies (G20) on Sunday referenced climate change in their final communique for the first time in U.S. President Donald Trump's administration, but stopped short of calling it a major risk to the economy.
Exclusive: If Lebanon needs financial aid, France will be there, finance minister says
RIYADH (Reuters) - France is ready to support Lebanon financially - bilaterally or multilaterally - its finance minister said on Sunday, warning against mixing economic recovery in the small Mediterranean state with U.S.-led efforts to counter Iran in the region.
Central bankers will look at options for responding to coronavirus: Mnuchin
RIYADH (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Sunday central bankers will look at options for responding to the fast-spreading coronavirus as needed.
Kuroda says BOJ will be 'fully prepared' to act on virus risk
RIYADH (Reuters) - The Bank of Japan will be fully prepared to take necessary action to mitigate the impact of the coronavirus on the world's third-largest economy, its Governor Haruhiko Kuroda said.
Fund managers look for value in high-priced consumer sector
NEW YORK (Reuters) - Expectations that spending on items ranging from hotels to clothing will continue to rise have helped make consumer discretionary stocks the most expensive sector in the S&P 500.
UAE economy grew at 2.9% in 2019, central bank says
DUBAI (Reuters) - The United Arab Emirates' economy grew at 2.9% year-on-year in 2019, up from 1.7% in 2018, a UAE central bank report said.
The ECB wants to talk to you about inflation. But will it listen?
FRANKFURT/RIYADH (Reuters) - For many people, the language of European Central Bank policymakers is so impenetrable, it could be beamed from another planet.
Britain considers looser fiscal rules for March 11 budget: Sunday Times
LONDON (Reuters) - Britain is considering relaxing rules on public spending at an upcoming budget on March 11, the Sunday Times reported citing unnamed sources.
Shifting sands of inflation unsettle top bankers at Riyadh G20 meeting
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 â those of elusive inflation.