Xi, Putin meet on G20 sidelines

Saudi prince in Argentina as G20 summit tensions brew

G20 powers are set to open two days of summit talks in crisis-hit Argentina on November 30 after a stormy build-up dominated by US President Donald Trump's consensus-bucking crusade to realign world trade. Highlighting the need to work closely towards common interests, he stressed on the need for unity among developing nations of the world.

Despite deep divisions going into the summit and resistance from the United States, European Union officials were optimistic and said countries were making progress on a final statement that will acknowledge problems with the World Trade Organization but commit to reforming it.

The crown prince chatted with US President Donald Trump during the formalities, and had meetings with Narendra Modi, prime minister of India, where a number of commercial initiatives between the two countries were discussed.

Trump cited Russia's seizure of the ships as the reason he canceled a planned bilateral meeting with Russian President Vladimir Putin, where they had been expected to discuss the USA leader's threat to withdraw from the Cold War-era Intermediate-Range Nuclear Forces treaty.

But Human Rights Watch accuses him of responsibility and also of war crimes in Yemen, and on Wednesday, Argentine legal authorities took initial action to consider a request to prosecute him for alleged crimes against humanity.

Trump's administration has made clear it does not want to torpedo the longstanding USA relationship with Riyadh, however.

His decision came as a USA probe into Russia's role in Trump's election campaign intensified.

Trump indicated Russia's seizure of the Ukrainian ships was the reason he canceled a planned bilateral meeting with Russian President Vladimir Putin, where they had been expected to discuss Trump's threat to withdraw from the Cold War-era Intermediate-Range Nuclear Forces treaty.

A 3.8-magnitude natural disaster has struck 33 kilometres south of Buenos Aires, Argentina where several world leaders including Singapore Prime Minister Lee Hsien Loong have gathered for the G20 summit.

"He may not be a friend of mine anymore but I think he probably respects me", Trump said in September.

Trump himself has cast the meeting as a do-or-die encounter that will either result in a deal or an escalation in the trade war.

Fed rate hikes aren't automatic - Powell
The yellow metal climbed and the U.S. dollar fell following Fed Chair Jerome Powell's comments on interest rate hikes in 2019. Powell didn't provide any more guidance on the likely path for rates, and he noted they remain low by historical standards.

Saudi Crown Prince sidelined in G20 family photo
At G20, the Prince seemed to be isolated from the rest of the worldwide community until Putin stepped in with a show of support. The group earlier posed for photos, with the Australian Prime Minister positioned next to Mr Putin.

Ukraine-Russia sea clash staged, says Putin
President Donald Trump said he may cancel a planned meeting with Russian President Vladimir Putin in Argentina later this week. State-run news agency RIA said the system will be operational by the end of the year.

In the short term, USA tariffs and the trade war would increase uncertainty for Chinese investment and durables consumption, according to Goldman.

Trump said that Larry Kudlow, his top economic adviser, and Kudlow's staff are "dealing with them on a constant basis".

"The WTO is doing all it can to support efforts to de-escalate the situation, but finding solutions will require political will and it will require leadership from the G20".

German Chancellor Angela Merkel blamed the crisis "entirely" on Russian Federation and said she would raise the issue with Mr Putin.

While the US, Canada and Mexico held a signing ceremony of their new trade pact on the sidelines of G20 summit, China and France held a joint press conference to demonstrate their commitment to reducing climate change.

Macron and British Prime Minister Theresa May both raised the murder of Khashoggi during meetings with the 33-year-old prince. "I do not think there was a reference in those terms", Faurie told reporters earlier on Friday, adding that the meeting was handled in a cordial way.

"Even though the agenda that brings us together today is different, I'd like to ask you to act with the same sense of urgency that brought us together in 2008".

Her temporary absence could complicate French President Emmanuel Macron's attempts to build a European front against Trump at the G20.

While Trump's meeting with Xi is all but certain to go ahead, the USA president on Thursday abruptly scrapped his planned talks with Putin, citing Russia's recent seizure of Ukrainian vessels.

A draft said 19 of the participants agreed upon the importance of upholding the Paris climate accord, but the USA does not.

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