BRASILIA: Finance ministers and central bankers from the Group of 20 meet this week to renew efforts to reach consensus on economic policy ahead of the US election, and will avoid discussing the wars in Ukraine and Gaza to try to prevent them dominating the talks.
Brazil's Central Bank President Roberto Campos Neto speaks during the opening of the G20 Finance Ministers and Central Banks Governors meeting, in Sao Paulo, Brazil, on Feb 28, 2024.
"We're arriving in July aware that we need to close deals. October will be completely overshadowed by the U.S. election," said one of the Brazilian officials, who requested anonymity so he could speak openly. Brazil has won backing for the idea from Belgium, Colombia, France and Spain, as well as the African Union and South Africa, which will assume the G20 presidency next year.
US Treasury Secretary Janet Yellen baulked at the idea of internationally redistributing revenue from a global wealth tax.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan 'deeply concerned' about rapid, one-sided forex moves, finance minister saysTOKYO : Japanese Finance Minister Shunichi Suzuki said on Friday that the authorities were "deeply concerned" about the impact of "rapid and one-sided" foreign exchange moves on the economy, as the yen declined to 38-year lows past 161 per dollar.
Read more »
COP29 must reach new finance deal, China’s climate envoy saysClimate finance has long been one of the most divisive issues in three decades of UN climate negotiations.
Read more »
COP29 must reach finance deal, China’s climate envoy saysClimate finance has long been one of the most divisive issues in three decades of UN climate negotiations.
Read more »
Some G20 financial regulators overlooking risks linked to nature loss, watchdog saysLONDON: Financial regulators and supervisors in some G20 countries are overlooking the risks posed by biodiversity loss and deforestation because of insufficient data, focusing instead on climate risks, a report by the G20's financial watchdog found.
Read more »
Prabowo's nephew to be appointed Indonesia deputy finance minister, sources sayJAKARTA — Indonesia's outgoing President Joko Widodo will appoint Thomas Djiwandono, the nephew of president-elect Prabowo Subianto and his adviser for fiscal issues, as a deputy finance minister later on Thursday (July 18), a senior politician said.
Read more »
HSBC launches new climate-focused infrastructure finance unitLONDON: Britain's HSBC has set up a new unit to tap deals in infrastructure finance and project finance linked to the world's shift to a lower-carbon economy, and hired a former UK politician to lead it, a senior banking executive told Reuters.
Read more »