G20

G20

Welcome to our G20 Blog Section, here you will find information and latest news on the G20.

The G20 is an informal group of 19 countries and the European Union, with representatives of the International Monetary Fund and the World Bank. The finance ministers and central bank governors began meeting in 1999, at the suggestion of the G7 finance ministers in response to the global financial crisis of 1997-99.

The Group of Twenty (G20) is an international forum that brings together the world’s 20 leading industrialised and emerging economies. The group accounts for 85 per cent of world GDP and two-thirds of its population.

Much of the important business takes place on the sidelines and in informal meetings.

Membership of the G20 consists of 19 individual countries plus the European Union (EU). The EU is represented by the European Commission and by the European Central Bank. Collectively, the G20 economies account for around 85% of the gross world product (GWP), 80% of world trade (or, if excluding EU intra-trade, 75%), two-thirds of the world population,and approximately half of the world land area.

Below is our list of blogs about G20.

A JPMorgan chief strategist reveals the one thing that will keep the market soaring

David Kelly, Chief Global Strategist of JPMorgan Asset Management, says there is only one god of the stock market and that is future earnings growth. He believes this year’s strong earnings growth will push the market higher in 2018. The biggest threat he sees to equities is a substantially worse trade conflict. Following is a transcript of the video. Sara Silverstein: And what’s your outlook for the markets? Do you think that the US stock market is expensive right now?…

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Turkey, Zambia ink 12 deals to strengthen bilateral ties

After attending a summit of emerging country powerhouses in Johannesburg, South Africa, President Recep Tayyip Erdoğan paid an official visit to Zambia on Saturday. Accompanied by Foreign Minister Mevlüt Çavuşoğlu, Finance and Treasury Minister Berat Albayrak, National Defense Minister Hulusi Akar and Trade Minister Ruhsar Pekcan, President Erdoğan met his Zambian counterpart Edgar Lungu in the capital Lusaka.During the first-ever official visit by a Turkish president to the east African country, Turkey and Zambia signed 12 agreements, which covered agriculture,…

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Turkey to convene summit to take up regional issues with Russia, Germany, France

President Recep Tayyip Erdoğan, speaking to reporters early Saturday in Johannesburg after the BRICS summit in South Africa, said that the summit on Syria and the wider region scheduled for Sept. 7 in Istanbul will be attended by the most senior representatives of Russia, France and Germany. This summit will start a parallel process that will contribute to the Astana process that was launched last year by Turkey, Russia and Iran. Erdoğan said the Astana process, named after the Kazakhstan…

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Global Economy Vulnerable a Decade After

Development & Aid, Economy & Trade, Featured, Financial Crisis, Global, Headlines, Inequity, TerraViva United Nations, Trade & Investment | Opinion SYDNEY & KUALA LUMPUR, Jul 30 2018 (IPS) – Ten years ago, deteriorating confidence in the value of US sub-prime mortgages threatened a liquidity crisis. The US Federal Reserve injected considerable capital into the market, but could not prevent the 2008-2009 global financial crisis (GFC). The 2008 meltdown exposed the extent of finance-led international economic integration, with countries more vulnerable…

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Argentina signs ag co-operation agreement with Australia

Traditional farm export rivals Australia and Argentina have committed to stronger agricultural engagement and co-operation, including stronger trade ties. The two countries convened the inaugural Australia-Argentina high level agriculture dialogue meeting in Buenos Aires at the weekend. Agriculture Minister, David Littleproud, said the initiative showed both countries had agreed to building partnerships and increasing engagement on complementary interests to benefit each other. Agriculture is so important to our two nations and we are both keen to build trade. – David Littleproud, federal…

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Sony sold AU$548.4 million-worth of goods in Australia last year

Sony Australia has made its financial results for 2017-18 available to the Australian Securities and Investments Commission (ASIC), reporting AU$5.5 million in after-tax profit. The local arm of the Japanese giant made AU$492 million in revenue during the 12 months to March 31, 2018, comprised almost entirely of the sale of goods and services in Australia. Profit before tax for the year was AU$8.2 million, with the company paying an income tax expense of AU$2.7 million, up from the AU$577,000…

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Statement by H.E President Cyril Ramaphosa on the Occasion of the Post-10th BRICS Summit Media briefing, 27 July 2018, Sandton, Johannesburg – G20 News Today

Statement by H.E President Cyril Ramaphosa on the Occasion of the Post-10th BRICS Summit Media briefing, 27 July 2018, Sandton, Johannesburg – G20 News Today – EIN News Trusted News Since 1995 A service for global professionals · Monday, July 30, 2018 · 457,140,153 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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U.S. Treasury’s Mnuchin says he sees at least 3 percent growth for next 4-5 years

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Sunday that he believes the quickening pace of growth in the nation’s economy in the second quarter will persist for the next few years. FILE PHOTO: U.S. Secretary of the Treasury Steven Mnuchin arrives for a news conference at the G20 Meeting of Finance Ministers in Buenos Aires, Argentina, July 22, 2018. REUTERS/Marcos BrindicciREUTERS/ /File Photo “I don’t think this is a one- or two-year phenomenon. I think we definitely…

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Russia’s strategy on Syria, US

The two sides agreed to address tensions in the south and east of Syria, to lower the level of infiltration and maintain the security borders of the region, along with a general principle on the keeping Bashar al-Assad in office as leader of Syria. He expressed his hope that Russia would use its influence to secure a ceasefire in Syria and also give Russia the dominant role over Assad’s fate. Perhaps the G20 summit may be a turning point in…

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The Trudeaus received posh gifts at the G7 summit. Can they keep any of them?

Prime Minister Justin Trudeau was showered with gifts — including fine wine, artwork and a designer silk tie — when he hosted the G7 summit in Quebec last month. Amid the high tensions over trade and tariffs that dominated the talks, Trudeau and wife Sophie Gregoire-Trudeau received 15 tokens of diplomatic appreciation for welcoming the world leaders in Charlevoix. The list of the gifts exchanged is being made public just as Ethics and Conflict of Interest Commissioner Mario Dion is signalling that he’s going to…

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Crude posts weekly drop as trade tensions take toll

Crude posted a fourth straight weekly drop amid concerns over how significantly US-China trade tensions will affect demand. Futures closed 1.3 percent lower Friday amid low-volume trading. Concerns over global trade continue to weigh on investor sentiment, with US Federal Reserve Chairman Jerome Powell saying earlier this month that trade barriers threaten productivity and wages, while BlackRock Inc boss Larry Fink said that intensifying tensions could spur a broad market downturn. We are seeing “an underlying concern especially about demand…

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Xi’s speech at BRICS summit highly praised by int’l observers

BEIJING, July 28,(Xinhua) – Chinese President Xi Jinping’s speech at the 10th BRICS summit inJohannesburg is highly praised by scholars and observers of BRICS members andother countries. The summit of thebloc of emerging market economies on July 25-27 gathered leaders from itsmembers — Brazil, Russia, India, China and South Africa — to discuss ways inseeking common development and prosperity amid new global challenges. Macharia Munene, aprofessor of international relations at the United States InternationalUniversity-Kenya, said President Xi’s proposal to strengthen…

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E7-G7 rivalry: ‘BRICS’ against the ‘Atlantic’ – Kerem Alkin

Turkey’s leading role in regional and global cooperation processes is a virtue that we have in our country’s institutional memory since Ottoman times. As for recent times, in addition to us being members of international organizations established after the World War II, such as NATO, and CENTO, if we concentrate on the period since the 1980s, we cannot forget the many important cooperation processes and platforms Turkey has led, such the Cooperation of the Organization of the Islamic Conference (COMCEC),…

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PM Modi meets Chinese President Xi Jinping on SCO summit sidelines, third time in nearly three months

PM Modi, Xi Jinping meet in Johannesburg Prime Minister Narendra Modi met Chinese President Xi Jinping on the sidelines of the BRICS Summit in Johannesburg on Thursday.  Modi had a “very productive” meeting with Jinping during which he emphasised the need to maintain the “momentum” generated by their recent meetings and provide “proper instructions” to their militaries to maintain peace at the border. Modi, who is here to attend the 10th BRICS Summit, met Xi for the third time in…

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Donald Trump and Vladimir Putin summit: Everything you need to know 

After Donald Trump’s sojourn in Scotland, the US President is expected to head to Helsinki, Finland where he and Vladimir Putin will hold their first official summit since he was inaugurated in hopes to strike a ‘peace deal’. Reports have revealed that Trump may question the Russian President about the 2016 presidential election meddling, as well as discuss conflicts in Syria and Ukraine and sanctions that have been imposed by both countries against each other. At a joint press conference…

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Bankers brush off Trump’s trade war concerns, tout economy in second quarter earnings

US President Donald Trump, left, and Chinese President Xi Jinping arrive for a meeting on the sidelines of the G-20 Summit in Hamburg, Germany. AP/Saul Loeb During second quarter earnings calls on Friday, bank executives from Citi and JPMorgan tamped down concerns about the impact of Trump’s trade war on their firms. Worries over trade may have actually boosted results, the executives said, by increasing client uneasiness which led to increased trading business. Executives from the biggest US banks on…

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