ECB can set policy independently of Fed: Villeroy
The European Central Bank can set its own monetary policy independently of the Federal Reserve, ECB policymaker Francois Villeroy de Galhau said on Sunday.
Mnuchin says U.S. will seek currency provision in trade deal with Japan, others
U.S. Treasury Secretary Steven Mnuchin said on Saturday Washington would like to include a provision to deter currency manipulation in future trade deals, including with Japan.
Mexico says new U.S. trade deal won’t block other economic relations
Mexico’s Foreign Minister Luis Videgaray told his Chinese counterpart in a phone call on Saturday that Mexico’s new trade deal with the United States and Canada will not impede economic relations with other countries, according to a foreign ministry st…
U.S. draws China FX into trade dispute as IMF calls for resolution
The United States sought to make currency a central part of any solution to a bruising trade fight with China, keeping the pressure on Beijing to speed up economic reforms at a gathering of world policy makers who pledged to do more to safeguard global…
World’s central bankers feel the heat as populists demand easy fix
Central bankers from the United States to Europe are coming under pressure from their governments to loosen their purse strings again as a decade of accelerating economic growth and booming markets fueled by cheap cash comes to an end.
StanChart CEO says ‘actively working’ on Indonesian bank stake
Standard Chartered Plc is “actively working” on options for its stake in Indonesia’s PT Bank Permata tbk , the British lender’s Chief Executive Bill Winters said on Saturday.
Trade war won’t trigger Asian credit ratings downgrades, for now: Fitch
Fitch Ratings has maintained its stable credit outlook for all Asian countries, except Pakistan, despite expecting some “dampening effect” in the region due to the U.S.-China trade tensions, senior ratings analysts said on Saturday.
Italy budget debacle puts Europe back in global spotlight
As the euro zone sovereign debt crisis petered out, European officials at annual meetings of the International Monetary Fund were happy to move out of the spotlight over recent years. Europe was not in the eye of the storm.
China echoes IMF pledges to avoid using currency as trade war tool
China’s top central banker on Saturday pledged to keep the yuan currency’s value “broadly stable,” a sign that Beijing may be trying to prevent a bruising trade dispute with the United States from spilling over into a currency war.
IMF members pledge to avoid using currencies as trade weapon
The International Monetary Fund said on Saturday its members pledged to refrain from competitive currency devaluations and step up dialogue on trade, as escalating trade frictions and higher borrowing costs threatened to knock global growth.
