Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Yellen Plans to Attend London G-7 Meeting in First Overseas Trip

Published 19/05/2021, 03:43 am
Updated 19/05/2021, 03:43 am
© Reuters.

(Bloomberg) -- U.S. Treasury Secretary Janet Yellen is planning to travel to London for a June 4-5 meeting with her Group of Seven counterparts, according to people familiar with the matter.

The U.K., this year’s rotating G-7 host, earlier this month announced that it would hold the meeting in person as the spread of Covid-19 begins to subside. Chancellor Rishi Sunak will lead the gathering, which will include central bankers from Italy, Canada, France, Germany and Japan, as well as leaders from the International Monetary Fund, World Bank and other multilateral institutions.

A Treasury spokeswoman declined a request for comment.

The meeting comes amid a looming mid-2021 deadline that the broader Group of 20 set for reaching an agreement on a global minimum corporate tax -- something backed by Yellen as an element of the Biden administration’s funding plans for a proposed infrastructure package.

The U.K.’s Sunak has so far held three virtual meetings as host of this year’s G-7.

©2021 Bloomberg L.P.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.