Week InReview: October 19, 2018

Global finance chiefs urge trade war solution as Bali talks wrap

Global finance chiefs used the closing sessions of talks in the tropical resort of Bali to hammer home the message that simmering trade tensions are already denting global growth and need to be resolved.

Bank of Japan Governor Haruhiko Kuroda said it's essential to have dialogue on trade; Brazil's central bank President Ilan Goldfajn flagged the tensions as one of the biggest threats to emerging economies; Bank for International Settlements General Manager Agustin Carstens said there's a risk the global economy goes backwards due to rising protectionism.

People's Bank of China Governor Yi Gang called for a constructive solution to the dispute, adding that China is preparing for the worst. Meanwhile, here are the key takeaways from the International Monetary Fund meeting that has wrapped up in Bali.

Read entire Week InReview: October 19, 2018