G20 finance ministers and central bank governors pose for a family photo in Fukuoka, Japan, on Saturday. Agence France-Presse
Japan called on Group of 20 counterparts to strengthen coordination to address potential risks to the world economy, as simmering trade tensions and China’s slowdown cloud the global growth outlook.
The global economy is likely to pull out of a brief growth slump later this year — with a little help from the world's central banks and from US and Chinese trade negotiators.
Group of 20 finance leaders on Sunday said that trade and geopolitical tensions have “intensified”, raising risks to improving global growth, but they stopped short of calling for a resolution of a deepening US-China trade conflict.
Australia’s central bank (CB) held its cash rate at an all-time low on Tuesday, in a widely expected decision, and said it will help buttress the economic recovery by maintaining its accommodative approach as long as the support is required.
Lufthansa announces a 20% cut in leadership positions and the reduction of 1,000 administrative jobs,
Following a Monday slide, the greenback was steady on most majors and clung on near a two-week low against a basket of currencies , tracking the mood in equity markets.