Russia and China watered down a communique being drafted by heads of the Group of 20 major economies on Friday to remove a reference to "current" geopolitical tensions clouding the global economic outlook, sources at the talks said.
Finance leaders from the Group of 20 major economies will likely warn on Friday that rising inflation and geopolitical risks could threaten a fragile global recovery, as the crisis in Ukraine and the COVID-19 pandemic's fallout cloud the outlook.
Finance leaders from the Group of 20 major economies were set on Friday to agree that rising inflation and geopolitical risks could threaten a fragile global recovery, as the crisis in Ukraine and the COVID-19 pandemic's fallout cloud the outlook.
Russia and China watered down a G20 finance leaders' statement on geopolitical risks to the global economy as a contentious meeting ended on Friday, deleting a reference to "current" tensions as financial markets fretted over the prospect of war in Ukraine.
Indonesia booked a current account surplus for the first time in a decade in 2021, data showed on Friday, but its balance of payments came under pressure in the final quarter due to bond market outflows and higher imports.
Oil prices extended losses on Friday and were heading for a weekly fall as the prospect of increased Iranian oil exports eclipsed fears of potential supply disruption resulting from the Russia-Ukraine crisis.
Oil prices ended the week mixed on Friday as investors weighed a potential supply disruption resulting from the Russia-Ukraine crisis against the prospect of increased Iranian oil exports.
Oil prices extended losses on Friday and were heading for a weekly fall as the prospect of increased Iranian oil exports eclipsed fears of potential supply disruption resulting from the Russia-Ukraine crisis.
Thailand's economy likely returned to growth in the fourth quarter thanks to robust exports and easing of COVID-19 curbs, but the suspension of a quarantine waiver for foreign tourists probably dented the recovery, a Reuters poll found.
A gauge of global stocks fell and government debt prices rose on Friday after hopes that diplomacy might resolve the Ukraine crisis faded on news Russian-backed separatists were evacuating residents from breakaway regions in the country's east.
U.S. stock futures bounced on Friday and selling pressure eased in Asian share markets after the U.S.
The Federal Reserve will need to move more aggressively to remove accommodation than it did following the Great Recession by raising interest rates at a faster pace and shrinking its balance sheet more quickly, Cleveland Fed President Loretta Mester said on Thursday.
Wall Street's biggest banks sounded a warning over the year ahead on Thursday, citing high inflation, credit concerns, asset price depreciation and companies postponing deals due to market uncertainty.
E-commerce sites operated by China's Tencent Holdings Ltd and Alibaba Group Holding Ltd were added to the U.S.
The U.S. Congress on Thursday gave final approval of legislation funding the government through March 11, avoiding the embarrassing spectacle of federal agencies having to shut many of their operations amid the Russia-Ukraine crisis.
U.S. distillate fuel oil stocks are on course to fall critically low between now and the middle of the year, creating conditions for a potential spike in both crude and fuel prices, unless demand from freight firms falls.
The Canadian dollar was little changed against its safe-haven U.S.
Europe's liquefied natural gas (LNG) terminals have limited available capacity to absorb extra supply from the United States or other major producers in the event gas from Russia is disrupted if it invades Ukraine.
(This February 17 story corrects first line to say five million tonnes per annum, not cumulative)
Asian refiners, traditionally big buyers of Iranian oil, are keen to resume imports from Iran if there is an agreement to revive a 2015 nuclear deal, which could pave the way for more supply on global markets and soften prices.
Spot premiums for crude oil produced in Europe and the Middle East have rocketed to record highs this month, tracking a rally in global prices as refiners snap up supplies and producers struggle to ramp up output to meet rising demand.
Goldman Sachs will on Thursday update its main financial targets and detail growth plans for the next three to five years, hoping to win over investors yet to be convinced by its long-term strategy.
Inflation estimates for Colombia this year rose and predictions of interest rate rises quickened among analysts polled in a central bank survey.
Minneapolis Federal Reserve Bank President Neel Kashkari said Thursday that he and his family had COVID-19 earlier this year, and the experience drove home for him that it will take some time for the economy to get back to normal.
Ecuador's mining exports in 2021 nearly doubled in value from the previous year to $2.09 billion, beating government expectations, the Ministry of Energy said on Wednesday.
The chairman of Italy's biggest insurer, Generali, plans to step down in April after 11 years in the job, saying that current tensions among investors were a source of regret.
Jana Partners has nominated four directors to the board of Zendesk, arguing the company must be rehabilitated after an unpopular attempt to buy Momentive Global, parent of web-survey company SurveyMonkey, according to a letter seen by Reuters.
Headline inflation has moved above central bank targets in most Group of 20 economies despite weaker growth momentum and remains a "significant risk," but rising prices should moderate gradually in most economies this year, the IMF said Wednesday.
Ivory Coast plans to commit more than $20 million to helping cashew processors struggling against competition from Asia and to boost the percentage of the crop that gets processed in the country, a government source told Reuters.
The Canadian dollar strengthened against its U.S. counterpart on Wednesday as oil prices rose and domestic data showed inflation further heating up in January.
