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Saddled with its own aging population and the industrial world’s heaviest public debt burden, Japan will also highlight the issue of aging and its impact on fiscal and monetary policies at next year’s G20 meetings, the officials said. Bank of Japan Governor Haruhiko Kuroda has said an aging population could pose “serious challenges” for central banks, as it undercuts economies’ growth potential and requires them to use more monetary firepower than before to boost growth.
(Reuters) - Saudi Crown Prince Mohammed bin Salman met Russian President Vladimir Putin on the sidelines of G20 summit in Argentina on Saturday and discussed areas of cooperation including rebalancing the world oil market, the Saudi Press Agency reported, The Organization of the Petroleum Exporting Countries, of which Saudi Arabia is a key member, and Russia and other leading oil producers will meet in Vienna on Dec 6-7 to discuss the oil market, as prices have been declining due to oversupply, Riyadh has suggested OPEC and its allies reduce output by 1 million barrels per cufflinks engraved day from January 2019 to stem the price falls..
Speaking in Buenos Aires, Putin said on Saturday that he had no concrete figures on possible output cuts but that Russia would continue contributing to reducing global output. On Friday, Putin and the crown prince, heir to the throne of the world’s top oil exporter, exchanged a high-five as they took seats next to each other at a plenary session of the Group of 20 summit. Putin’s friendly behaviour contrasted sharply with that of other leaders at the summit, amid suspicions of the prince’s possible involvement in the killing of Saudi journalist Jamal Khashoggi at the Saudi consulate in Istanbul in October.
Saudi Arabia has said the prince had no prior knowledge of the murder, which has strained Saudi ties with the West and battered the prince’s image abroad, Russia has refrained from criticising Saudi Arabia or the crown prince over the killing, Putin said in October he lacked information about the matter and cufflinks engraved said Russia would not tear up its relations with Saudi Arabia because of it, However, Moscow has also fostered strong ties with Saudi Arabia’s regional arch foe Iran, Russia and Iran back President Bashar al-Assad in Syria’s civil war, while Saudi Arabia along with Western countries have backed some rebel groups..
BUENOS AIRES (Reuters) - U.S. President Donald Trump said he had an “incredible relationship” with Chinese President Xi Jinping before the start of a meeting between the two leaders on Saturday. “The relationship is very special. The relationship that I have with President Xi, I think that’s going to be a very primary reason we’ll probably ending up getting something good for China and good for the United States, so we very much appreciate it,” Trump said, referring to trade.
RIYADH (Reuters) - Saudi Crown Prince Mohammed bin Salman has met United Nations Secretary General Antonio Guterres on the sidelines of the G20 summit in Argentina, Saudi state TV reported on Saturday, The TV released a video of Prince Mohammed receiving Guterres, and the Saudi Press Agency (SPA) added cufflinks engraved later that the two leaders had reviewed aspects of the partnership between Saudi Arabia and the United Nations, The G20 summit in Buenos Aires is the first major international event the Saudi prince has attended since the murder of journalist Jamal Khashoggi in the Saudi consulate in Istanbul in October..
After offering numerous contradictory explanations. Riyadh said last month that Khashoggi had been killed and his body dismembered when negotiations to persuade him to return to Saudi Arabia failed. Saudi Arabia has said the prince had no prior knowledge of the murder, which has strained Saudi Arabia’s ties with the West and battered the prince’s image abroad. The prince also met on Saturday with Italy’s Prime Minister, Giuseppe Conte, and reviewed bilateral relations, SPA said.
LONDON (Reuters) - Oil majors and trading firms can start finalizing crude oil deals on a live blockchain-based platform for the first time, in a move that could revolutionize the market, Commodities trading firms have piloted similar schemes in recent years as cufflinks engraved blockchain technology has the potential to drastically cut costs in an environment of razor-thin profit margins, London-based platform Vakt is the first of these to go live, with shareholder Gunvor Group saying it was rolled out on Wednesday, although no trades took place that day..