Turkey’s president met with other heads of state Friday on the sidelines of the G20 Leaders’ Summit in Buenos Aires, Argentina.
Recep Tayyip Erdoğan’s meeting with Dutch Prime Minister Mark Rutte lasted nearly an hour.
Erdoğan also held talks with Chinese President Xi Jinping for 30 minutes and Chile’s President Sebastian Pinera for 35 minutes.
The meetings were closed to the press.
Erdoğan also attended a cultural event together with other world leaders at the Colón Theatre and they dined in the theatre's Golden Room afterwards.
During the gatherings, Erdoğan was accompanied by Foreign Minister Mevlut Cavusoglu and Presidential spokesman Ibrahim Kalin as well as Treasury and Finance Minister Berat Albayrak, the Turkish Presidency’s Communications Director, Fahrettin Altun, and Trade Minister Ruhsar Pekcan.
Turkish President Recep Tayyip Erdogan meets with President of Chile Sebastian Pinera as part of G20 Leaders' Summit in Argentina's capital Buenos Aires on November 30, 2018.
Erdoğan meets Chilean president at G20
Wall Street was set to open lower on Friday as caution mounted ahead of a high-stakes U.S.-China trade meeting at the G20 Summit, whose outcome would determine if the trade war that has roiled financial markets would abate or worsen.Futures, however, gave up some losses after Trade Representative Robert Lighthizer said he would be surprised if Saturday's dinner between U.S. President Donald Trump and China's Xi Jinping "wasn't a success".Markets have faced conflicting headlines in the run up to the two-day meeting of 20 industrialized nations in Buenos Aires, where all eyes would be on the trade talks between the world's two largest economies that have imposed tariffs on hundreds of billions of dollars of each other's imports.President Donald Trump said on Thursday he was close to making a deal but was not sure if he wants to do it, while news that Trump's hardline trade adviser Peter Navarro, will attend the meeting between Trump and Xi, added to worries."People don't want to get too optimistic heading into a meeting, because the president is kind of a wild card," said Robert Pavlik, chief investment strategist and senior portfolio manager at SlateStone Wealth LLC in New York."You don't know how tough he'll be with this meeting and these negotiations."So far this week, dovish comments from Federal Reserve Chair Jerome Powell and the latest Fed minutes have helped the benchmark S&P 500 rise 4 percent, setting it on course to post its biggest percentage gain in nine months.At 8:46 a.m. ET, Dow e-minis were down 86 points, or 0.34 percent. S&P 500 e-minis were down 7.25 points, or 0.26 percent and Nasdaq 100 e-minis were down 10.75 points, or 0.16 percent.General Electric shares fell 2.4 percent in premarket trading after the Wall Street Journal reported several former employees told the U.S. securities regulator the company failed to acknowledge worsening results in the insurance business.Marriott International Inc dropped 4.1 percent after the company said a guest reservation database of its Starwood Hotel brand was breached, potentially exposing information on about 500 million guests.HP Inc rose 1.5 percent after its quarterly revenue beat analysts' estimates on Thursday, driven by growth in its personal systems business.
Wall St set to open lower ahead of Trump-Xi trade meeting
Argentine President Mauricio Macri, who is also the term president for the summit, welcomed guests, including 19 world leaders and EU representatives.
Around 15,000 people are expected to attend the two-day summit, while at least 3,000 journalists are following the event.
The summit's first session will be about human values, the global economy, the future of work and women’s empowerment.
The second session will cover sustainable development and climate change, while the third will discuss infrastructure for development, energy and a sustainable food future.
A joint declaration is expected to be published at the end of the summit on Saturday.
The leaders of the world's top economies gathered in Argentina on Friday for talks overshadowed by a U.S.-China trade war that has roiled global markets, bracing for the kind of geopolitical drama U.S. President Donald Trump often brings to the international stage.The two-day annual gathering will be a major test for the Group of 20 industrialized nations, whose leaders first met in 2008 to help rescue the global economy from the worst financial crisis in seven decades. With a rise in nationalist sentiment in many countries, the group faces questions over its ability to deal with the latest round of crises.Overhanging the summit in Buenos Aires, the Argentine capital, is a trade dispute between the United States and China, the world’s two largest economies, which have imposed tariffs on hundreds of billions of dollars of each other’s imports.All eyes will be on a planned dinner between Trump and Chinese President Xi Jinping on Saturday to see whether they can make progress toward resolving differences threatening the global economy.China’s ‘vocational camps’ employ draconian measures, use 360-degree surveillance in washroomsBeijing hopes to persuade Trump to abandon plans to hike tariffs on $200 billion of Chinese goods to 25 percent in January, from 10 percent at present."We hope the U.S. can show sincerity and meet China half way, to promote a proposal that both countries can accept," Foreign Ministry spokesman Geng Shuang told a briefing in Beijing.Speaking in Buenos Aires, U.S. Trade Representative Robert Lighthizer said he would be surprised if the dinner was not a success, but it would depend entirely on the two presidents.On the eve of the summit, G20 member nations were still trying to reach agreement on major issues including trade, migration and climate change that in past years have been worked out well in advance.China has 'stern' words with US over ship in South China SeaTrump's skepticism that global warming is caused by human activity has raised questions about whether the countries will be able to reach enough consensus on climate change to include it in the summit’s final communique.Earlier this month, officials from countries attending a major Asia-Pacific summit failed to issue a joint statement for the first time after the U.S. delegation clashed with China over trade and security.However, delegates to the talks in Buenos Aires said good progress had been made on economic sections of the statement overnight. Argentina's presidency voiced optimism consensus would be reached on a draft."As this is a difficult moment for international cooperation, I would like to appeal to the leaders to use this summit ... to seriously discuss real issues such as trade wars, the tragic situation in Syria and Yemen and the Russian aggression in Ukraine," European Council President Donald Tusk told a news conference in Buenos Aires.China hopes US shows sincerity at G20 trade talksHighlighting the deep rifts within the G20, Tusk said the European Union would extend its economic sanctions on Moscow next month, after Russian ships fired on Ukrainian ones in the Sea of Azov last week, seizing the boats and sailors.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 U.S. leader's threat to withdraw from the Cold War-era Intermediate-Range Nuclear Forces treaty.However, Moscow said U.S. domestic politics may have been the real reason behind the cancellation after Michael Cohen, Trump's former longtime personal lawyer, pleaded guilty on Thursday to lying to Congress about a proposed Trump Organization skyscraper in Moscow.The presence of Crown Prince Mohammed bin Salman at the summit also raised an awkward dilemma for leaders. Saudi Arabia's de facto ruler arrived under swirling controversy over the murder of Saudi journalist Jamal Khashoggi in the Saudi consulate in Istanbul in October.Two Chinese trade union officials arrested after helping workersBritish Prime Minister Theresa May said she would be robust when she talks to Prince Mohammed, urging him to hold a full and credible investigation into Khashoggi's killing and hold those responsible to account.TRUMP AND TRADEUncertainty prevailed about how Trump, known for his unpredictability, would behave at what was shaping up as one of the group’s most consequential summits.Trump rejected a statement by fellow leaders of the G7 industrialized economies at a summit in May after a tense gathering ended in acrimony, again over tariffs and trade.Before heading for Buenos Aires on Thursday, Trump said he was open to a trade deal with China, but added, “I don't know that I want to do it.”China says it hopes US can show sincerity on tradeGlobal financial markets will take their lead on Monday from the outcome of the Xi-Trump meeting, having seesawed in recent days on concerns trade tensions could escalate.Oil markets will also be closely watching a bilateral meeting between Putin and Crown Prince Mohammed on Saturday afternoon for any sign of a breakthrough in a deal for Russia to participate in a production cut by the OPEC oil cartel next month.In another bilateral meeting on Friday, French President Emmanuel Macron will discuss the Renault-Nissan alliance's future with Japanese Prime minister Shinzo Abe, seeking to defuse a brewing diplomatic row over the balance of power inside the partnership.NEW-LOOK NAFTAOne bright spot in Buenos Aires on Friday before the summit opened was the signing of a revised U.S.-Mexico-Canada trade pact to replace the North American Free Trade Agreement.Signing the agreement alongside Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto, Trump said he looked forward to working with the U.S. Congress to complete the terms of the deal and did not anticipate problems in passing it.The three countries agreed a deal in principle to govern their trillion dollars of mutual trade after a year and a half of contentious talks concluded with a late-night bargain just an hour before a deadline on Sept. 30.However, Trudeau took advantage of the signing ceremony to say the partners needed to keep working to lift tariffs on steel and aluminum.
US-China dispute casts shadow as world leaders gather in Argentina
Russian President Vladimir Putin will have a brief impromptu meeting with U.S. President Donald Trump in Argentina just as he will with other leaders at the G20 summit, RIA news agency cited Kremlin spokesman Dmitry Peskov as saying on Friday.Trump on Thursday abruptly cancelled a planned meeting with Putin in Argentina after Russia captured three Ukrainian navy vessels and their crews off the coast of Crimea.Russia thinks Trump cancelled Putin meeting for domestic reasonsTrump cancels G20 Putin meeting over UkraineKremlin says Putin visit to Saudi Arabia is being preparedPeskov said a visit by President Vladimir Putin to Saudi Arabia is being prepared, RIA news agency reported.Peskov said the timing of visit has not yet been finalized.
Kremlin says Putin and Trump will have impromptu meeting at G20
French President Emmanuel Macron will discuss the Renault-Nissan alliance's future with Japan's prime minister at the G20 summit in Argentina on Friday, seeking to defuse a brewing diplomatic row over the balance of power inside the partnership.The auto alliance is facing the biggest test of its 19-year existence after the ousting of Nissan Motor Co Chairman Carlos Ghosn, who was arrested last week for suspected financial misconduct.Tokyo authorities on Friday approved the maximum 10-day extension of Ghosn's detention, Japanese media said. Prosecutors have to file charges against Ghosn, 64, by Dec. 10 or arrest him on suspicion of fresh crimes to keep him in custody.Tokyo prosecutors declined to comment. Nissan did not immediately respond to a request for comment.Tokyo authorities extend Ghosn's detention by 10 daysGhosn's detention in Tokyo has left the Franco-Japanese auto alliance without its leader and main interlocutor with the French government, which owns 15 percent of Renault and wants to maintain the current alliance capital structure.Renault controls Nissan through its 43.4 percent stake, while Nissan holds a reciprocal non-voting 15 percent stake in its French partner.BUENOS AIRES MEETINGAn official in the French presidency said Macron would discuss the alliance with Prime Minister Shinzo Abe at midday in Buenos Aires, but gave no further details.Meeting in Paris last week, Japanese Industry Minister Hiroshige Seko and French Finance Minister Bruno Le Maire reaffirmed the two countries' support for the alliance.A few days later, however, Le Maire said on French television that he and Seko had agreed that keeping the alliance's current capital structure was desirable - an agreement the Japanese minister denied making.Japan-France spat over Nissan-Renault brews as Ghosn remains jailedThe Mainichi Shimbun daily reported on Friday that Seko had sent a rare letter of protest to Le Maire for the remarks.Officials at Japan's Ministry of Economy, Trade and Industry said they could not immediately comment on the letter. A French finance ministry official said Le Maire's office had no comment.Le Maire's apparent faux pas drew some criticism from Renault staff representatives concerned for the alliance."The government should know their place and stay there," said a union official at the French carmaker. "This kind of overreaching may be counter-productive."Ghosn's arrest, including for allegedly under-reporting his income, has triggered new attempts by Nissan to shake off what it considers Renault's outsized control of it, adding to problems at Macron's Elysee.As economy minister, Macron had masterminded the French government's surprise increase of its Renault stake in 2015, raising alarm bells inside Nissan that the Elysee was out to wield more influence over the Japanese company.The auto alliance, which also includes Japan's Mitsubishi Motors Corp, for its part "emphatically reiterated" its commitment to the partnership on Thursday after executives met in Amsterdam for the first time since Ghosn's arrest.A review of the capital structure was not discussed at the meeting, Mitsubishi Motors' CEO Osamu Masuko said.
Macron, Abe to discuss Renault-Nissan at G20 as feud brews