Japan tells G20 it may need to act in FX market
Japanese Finance Minister Shunichi Suzuki said on Friday he told his G20 counterparts that Tokyo may need to take "appropriate action" in the exchange-rate market as global monetary tightening could heighten volatility in currency moves.
Oil, Treasuries, gold prices jump amid Mideast fears
Oil, U.S. Treasuries and gold prices rose on Friday, with crude soaring nearly 6 percent, on safe-haven buying driven by the escalating Middle East conflict as Israel urged civilians to leave the northern Gaza Strip.
Rising oil prices, surging inflation: The Arab embargo 50 years ago weaponized oil to inflict economic trauma – sound familiar?
Fifty years ago, a secret deal among Arab governments triggered one of the most traumatic economic crises to afflict the United States and other...
Yellen, IMF see economic risks from Gaza war
U.S. Treasury Secretary Janet Yellen said the unprecedented attacks on Israel by Palestinian Islamist group Hamas posed additional risks to an already tepid global economic outlook, but the United States still appeared headed for a soft landing.
IMF fiscal chief: U.S., China must rein in debt, face different challenges
The U.S. and China will both need to make major changes to put their medium-term debt and deficit on a sustainable path, International Monetary Fund fiscal affairs director Vitor Gaspar said on Wednesday.
