G-20 finance officials pledge to protect global growth. World shares rise after US drops planned tariffs on Mexico. China-US talk trade on sidelines of G-20 finance gathering.
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The Early Bird Newsletter

Sunday, June 16th

S and P pricesDow pricesQQQ prices
Yi Gang, Steve Mnuchin
Politics

G-20 finance officials pledge to protect global growth

Finance ministers and central bank chiefs from the Group of 20 major economies wrapped up a meeting in Japan on Sunday with a pledge to use all the policies they can to protect global growth from disruptions due to trade and other tensions. The G-20 finance leaders said in a joint com...

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World shares rise after US drops planned tariffs on Mexico
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World shares rise after US drops planned tariffs on Mexico

Global stocks rose Monday after U.S. President Donald Trump suspended plans to impose tariffs on Mexico as the countries inked a deal on immigration. But broader concerns remain over global growth and a trade dispute between the United States and China that shows no sign of easing. Af...

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China-US talk trade on sidelines of G-20 finance gathering
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China-US talk trade on sidelines of G-20 finance gathering

U.S. Treasury Secretary Steven Mnuchin said Saturday that he plans to speak privately with China's central bank governor about trade on the sidelines of annual Group of 20 finance talks in southern Japan, but has no direct message to give him. Mnuchin and Yi Gang, chairman of the Peop...

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Steven Mnuchin, Yi Gang
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With Mexico deal done, US urges China to resume trade talks

One down, still others to go. President Donald Trump claimed a victory after Washington and Mexico agreed on measures to stem the flow of Central American migrants into the United States. Trump called off plans to impose a 5% tax on Mexican exports, and Treasury Secretary Steven Mnuch...

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China's trade surplus soars, as exports unexpectedly edge up
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China's trade surplus soars, as exports unexpectedly edge up

Chinese exports edged up in May, surprising markets, but analysts say the rebound is likely to be short-lived given higher U.S. tariffs and slowing global growth. China's monthly trade surplus jumped 78% to $41.7 billion, as exports rose 1.1% to $213.8 billion and imports fell 8.5% to...

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G-20 finance leaders' goal: Adapt to turmoil in trade, tech
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G-20 finance leaders' goal: Adapt to turmoil in trade, tech

Financial leaders of the Group of 20 gathered Saturday to brainstorm ways to adapt global finance to an age of trade turmoil and digital disruptions. The central bank governors and other financial regulators meeting in this southern Japanese port city also flagged risks from upsets to...

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The Latest: G-20 finance officials: Trade risks intensifying
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The Latest: G-20 finance officials: Trade risks intensifying

The Latest on a meeting of financial leaders of the Group of 20 major economies (all times local): 6 p.m. Finance ministers and central bank chiefs of the Group of 20 major economies have wrapped up a meeting in Japan with a pledge to use all the policies they can to pr...

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2019 Tesla S75D, r m
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US-China trade war sparks worries about rare minerals

Rising trade tensions are shining a spotlight on the 17 rare earth minerals needed for high-tech products like electric cars and robotics. But trade experts say China's rising tariffs and threats to stop imports of them to the U.S. are not cause for panic

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Trade disruptions, taxing tech companies are talk of G-20
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Trade disruptions, taxing tech companies are talk of G-20

How to reorder the global financial system in an era of trade stand-offs and technological change held the attention of financial officials from the Group of 20 major economies on Saturday. The central bank governors and other financial regulators meeting in this southern Japanese por...

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China may restrict tech access in spiraling US trade dispute
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China may restrict tech access in spiraling US trade dispute

China is creating a system to protect its technology, according to state media, as the U.S. restricts the access of Chinese companies to American technology in a spiraling trade dispute. The People's Daily newspaper said Sunday that the system will build a strong firewall to strengthe...

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Donald Trump, Melania Trump
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Trump says tariffs on Mexico suspended indefinitely

President Donald Trump announced late Friday that he had suspended plans to impose tariffs on Mexico, tweeting that the country "has agreed to take strong measures" to stem the flow of Central American migrants into the United States. But the deal the two neighbors agreed to falls short of some of t...

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Pakistani PM threatens legal action against tax evaders
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Pakistani PM threatens legal action against tax evaders

Pakistan's prime minister says tax evaders who fail to declare their wealth and pay taxes will face legal action. Imran Khan delivered his message in a televised speech on Monday, vowing punitive measures for Pakistanis who won't disclose the property they own or the amount of money t...

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Kristina Pooler, Ned Holmes
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Strong job market hampers FEMA hiring in flood-hit states

The Federal Emergency Management Agency is facing an unexpected challenge in meeting the needs of the many people affected by this spring's widespread flooding and violent storms: a strong economy. Tasked with responding to natural disasters that seem ever more frequent and destructiv...

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