Trump wants to meet with Xi 'very soon' over trade war, adviser says
The Trump administration said the U.S. president still wants to meet China's Xi Jinping in an effort to end the trade war, a sign of optimism as negotiators from the world's two biggest economies start their latest round of talks this week. "He wants to ...
U.S. President Donald Trump said on Wednesday that the World Bank Group should be led by U.S. Treasury official David Malpass, a Trump loyalist and critic of multilateral institutions who has vowed to pursue "pro-growth" reforms at the development lender. Trump's nomination of Malpass, the ...
At IMF meeting in Indonesia, China's globalization agenda gets left behind
Three days before U.S. President Donald Trump took office in January 2017, Chinese President Xi Jinping portrayed Beijing as the champion and defender of globalization at the Davos World Economic Forum amid rising fears of trade protectionism. A few months later, as Xi launched a ...
'Winter is coming': IMF talks in Bali point to tremors rattling world economy
Woken one night by a 6.4 magnitude earthquake at the IMF annual meetings in Bali, global finance chiefs spent the week assessing the tremors now rippling through the world economy. The quake "was symbolic for the widespread feeling among participants that the ground under the ...
Kuroda says signal for stimulus exit would be change in target rate
Bank of Japan Gov. Haruhiko Kuroda says when the central bank is finally ready to signal the start of an exit from its massive monetary stimulus, the shift will be seen in its target rate.
IMF raises Japan growth forecast, cuts global estimate due to trade tension
The fund projects that Japan’s economy will grow 1.1 percent this year, up 0.1 percentage point from its estimate in July, due to an uptick in domestic demand.
International Monetary Fund chief Christine Lagarde urged Japan on Thursday to make sure that a nationwide consumption tax increase scheduled for next year does not hurt the country's economic growth. "We believe that the higher consumption tax will help fund growing health and pension expenses, ...
Escalating trade tensions are threatening to derail a global upswing that is already losing momentum amid weaker than expected growth in Europe and Japan, warns the International Monetary Fund. The IMF kept its global forecast unchanged Monday in the latest update to its Global Economic ...
IMF chief slams Trump, says global economic outlook darkening by the day
International Monetary Fund chief Christine Lagarde led an attack by global economic organizations on U.S. President Donald Trump's "America first" trade policy on Monday, warning that clouds over the global economy "are getting darker by the day. Trump backed out of a joint communique agreed ...
G-20 finance chiefs wary of trade friction but short on solutions
The Group of 20 finance chiefs and central bankers conclude their annual meetings in Washington united against trade wars but baffled on how to prevent them.
G-20 finance meeting kicks off as leaders focus on free trade amid U.S. protectionism
Group of 20 finance leaders on Thursday focused on free trade in their meeting in Washington amid fears that the spread of protectionism following the introduction of new U.S. tariffs will hurt prospects for global economic growth. The multilateral forum kicked off its two-day gathering ...
IMF raises Japan's growth forecast to 1.2% on broad-based global recovery
The International Monetary Fund on Monday forecast Japan's economy will grow 1.2 percent this year, up 0.5 percentage points from its October estimate, as a broad-based global recovery has gathered steam. In its latest World Economic Outlook, the IMF raised its global growth projection by ...
