Tag Archives: G7

Russia says China would be necessary at expanded G7 summit: TASS

MOSCOW (Reuters) – Russia is not in talks with Washington about its potential role at an expanded Group of Seven summit later this year, Deputy Foreign Minister Sergei Ryabkov said on Saturday, insisting that China should also be included in the event. FILE PHOTO: Russian Deputy Foreign Minister Sergei Ryabkov …

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Great tobacco, great oil and Buffett join the Fed portfolio

WASHINGTON (Reuters) – The United States Federal Reserve bought $ 428 million in bonds from individual companies through mid-June, making investments in names known as Walmart and AT&T, as well as in major oil companies, tobacco giant Philip Morris. International Inc and a utility subsidiary of billionaire holding Warren Buffett’s …

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IMF Predicts Deeper Global Recession Due To Coronavirus Pandemic

WASHINGTON (Reuters) – The coronavirus pandemic has caused more extensive and profound damage to economic activity than previously thought, the International Monetary Fund said Wednesday, prompting the institution to further cut its global output forecasts by 2020. The IMF said it now expects 2020 global output to shrink by 4.9%, …

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