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G20 finance heads eye impact of coronavirus outbreak on growth, see modest pickup

February 23, 2020 by  
Filed under News

Finance chiefs of the world’s top 20 economies vowed to monitor the impact of the coronavirus outbreak on global growth and act if needed, as they said loose monetary policy and easing trade tensions would prompt a pick-up in 2020 and 2021.


Source: Reuters Business News

As Teck oil sands mine hopes for okay from Canada's Trudeau, 20 other projects on hold

February 23, 2020 by  
Filed under News

As Canadian Prime Minister Justin Trudeau considers whether to approve Teck Resources’ Frontier oil sands project, roughly 20 others sit on the shelf as companies delay investment decisions hoping for new pipelines and higher prices.


Source: Reuters Business News

Buffett defends Berkshire stock push, reassures on future as profit smashes record

February 23, 2020 by  
Filed under News

Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc’s decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major acquisition of a company.


Source: Reuters Business News

Buffett calls for more accountability for corporate directors

February 23, 2020 by  
Filed under News

Warren Buffett on Saturday called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief executive officers, perhaps by reducing their pay and requiring that they buy more stock.


Source: Reuters Business News

Japan criticizes U.S. digital tax proposal at G20

February 23, 2020 by  
Filed under News

Japanese finance minister Taro Aso criticized on Sunday a U.S. tax reform proposal that he said could undermine global efforts to agree new rules on taxing big tech companies.


Source: Reuters Business News

Rising stocks fuel record profit for Buffett's Berkshire; operating profit disappoints

February 22, 2020 by  
Filed under News

Warren Buffett’s Berkshire Hathaway Inc on Saturday posted a 23% decrease in quarterly operating profit, while soaring prices in stock holdings such as Apple Inc enabled the conglomerate to smash its old record for full-year earnings.


Source: Reuters Business News

Let's come together to tax tech giants, say G20 officials eyeing $100 billion boost

February 22, 2020 by  
Filed under News

Leading world economies must show unity in dealing with aggressive “tax optimization” by global digital giants like Google , Amazon and Facebook , G20 officials said on Saturday.


Source: Reuters Business News

G20 sees need to coordinate coronavirus response as IMF trims growth forecasts

February 22, 2020 by  
Filed under News

The world’s top economies called on Saturday for a coordinated response to the coronavirus outbreak, which the IMF predicted would lower China’s growth this year to 5.6% and shave 0.1 percentage points from global growth.


Source: Reuters Business News

Honda's Philippine unit to close auto production plant

February 22, 2020 by  
Filed under News

The Philippine unit of Honda Motor Co Ltd said on Saturday its production facility will shut down next month, as the Japanese automaker struggles to shore up global automobile operations.


Source: Reuters Business News

Japan urges G20 members with fiscal scope to boost spending

February 22, 2020 by  
Filed under News

Japan called on G20 countries with fiscal space to ramp up spending to help the global economy weather risks, including the fallout from the coronavirus outbreak, Finance Minister Taro Aso said on Saturday.


Source: Reuters Business News

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