Saturday, March 18th, 2017

 

Chinese growth prospects improved, policy still prudent

BEIJING, March 18 — Chinese central bank governor Zhou Xiaochuan said growth prospects have improved in the world’s second-largest economy, but its monetary policy remains prudent and neutral. Earlier this week, China published upbeat data…


G20 keeps bank regulation efforts alive with Basel commitment

BADEN BADEN, March 18 — Finance chiefs of the world’s top 20 economies pledged today to finalise new banking regulations, easing concerns that the new US administration would pull out of a long-delayed global accord known as Basel III….


G20 financial leaders fail to reaffirm free trade commitment

BADEN BADEN, Germany, March 18 — The world’s financial leaders failed to reach a compromise deal to endorse free trade today, backtracking on past commitments to keep trade open and reject protectionism, the communique of G20 finance ministers…


EU chief Juncker warns against EU-US trade war

BERLIN, March 18 — European Commission President Jean-Claude Juncker warned in a newspaper interview that a trade war between the United States and Europe would not be good for either. Asked by Bild am Sonntag newspaper whether Europe could…


Germany’s DIHK says ‘hard Brexit’ would severely hit German economy

BERLIN, March 18 — The impact of a “hard Brexit” on Germany would be severe, the president of Germany’s DIHK Chambers of Industry and Commerce said in a media interview published today. Eric Schweitzer told the Funke media group that…


Trade unlikely to be mentioned in final G20 communique

BADEN BADEN, Germany, March 18 — The world’s financial leaders are unlikely to make any reference to trade in their final communique today because they have been unable to find a wording that would suit the United States, officials with…


Apple CEO Tim Cook calls for more global trade with China

BEIJING, March 18 — Apple Chief Executive Tim Cook expressed support for globalisation and said China should continue to open its economy to foreign firms, while speaking at a forum in Beijing today. “I think it’s important that China…


Chairman of China’s Anbang bullish on Europe’s ‘cheap assets’

BEIJING, March 18 — The chairman of China’s privately-held Anbang Insurance Group said at the China Development Forum today he is bullish on investing in Europe despite great uncertainty over issues including refugees, economic challenges and…


Uber drivers grapple with status (VIDEO)

NEW YORK, March 18 —Are Uber’s drivers contractors or full-time employees? That’s the battle Uber is facing in the courts globally as it aims to keep drivers classified as contractors. Why? Bloomberg’s Kaitlin Meehan breaks down the two…


Beijing, Saudi Arabia agree to more oil cooperation, exports to China

BEIJING, March 18 — China and Saudi Arabia will increase their cooperation in the oil sector, including in Saudi oil exports to China, the two countries said in a joint communiqué issued today at the end of Saudi Arabian King Salman’s visit…