Indonesia’s Prabowo weighs former minister, regulator chief for finance job, sources say
By Ananda Teresia and Stefanno Sulaiman JAKARTA (Reuters) – Indonesian financial regulator Mahendra Siregar and former finance minister Chatib Basri are among the top choices Prabowo Subianto is considering for the role…
Hungarian PM Orban asks finance minister and cbank governor to halve inflation by end-2023
BUDAPEST (Reuters) – Hungarian Prime Minister Viktor Orban said on Friday that he has asked the finance minister and the governor of the central bank to at least halve the inflation rate…
LatAm ministers call for finance tools to protect against climate disasters
(Reuters) – Finance ministers from across Latin America and the Caribbean on Wednesday called on the Inter-American Development Bank (IDB) to look at new finance tools to mitigate the economic shock of…
UK finance minister says growth plan will address challenges as economy shrinks
LONDON (Reuters) – Britain’s finance minister Kwasi Kwarteng said on Wednesday that the government’s growth plan will address the challenges faced by the country after the latest data showed the economy had…
IMF warns of slowing growth, rising market risks as finance officials meet
By David Lawder and Pete Schroeder WASHINGTON (Reuters) – The International Monetary Fund warned on Tuesday that colliding pressures from inflation, war-driven energy and food crises and sharply higher interest rates were…
Former Colombian finance ministers criticize Petro comments on central bank
By Luis Jaime Acosta BOGOTA (Reuters) – A string of former Colombian finance ministers criticized the Andean country’s President Gustavo Petro on Thursday after he took to Twitter to question the central…
China finance ministry to issue an extra 5.5 billion yuan of treasury bonds in Hong Kong
HONG KONG (Reuters) – China’s finance ministry said on Thursday that it will issue an additional 5.5 billion yuan ($773.18 million) worth of yuan-denominated sovereign bonds in Hong Kong on Oct. 12.…
UK finance minister Kwarteng: We are reversing abolition of 45p tax rate
LONDON (Reuters) – British finance minister Kwasi Kwarteng said on Monday the government was reversing its plan to scrap the highest rate of income tax. “We are not proceeding with the abolition…
Stanley Black & Decker cuts about 1,000 finance jobs – WSJ
(Reuters) – Power tools maker Stanley Black & Decker has cut 1,000 finance roles this week in an effort to trim costs, the Wall Street Journal reported on Friday citing people familiar…
VW finance chief: “Today is a good day for Porsche and for Volkswagen”
BERLIN (Reuters) – The listing of Porsche AG gives the luxury car maker more entrepreneurial autonomy to implement its strategy and Volkswagen more flexibility in financing the transformation towards electromobility and digitalization,…
Newmont’s finance chief Nancy Buese to step down
(Reuters) – Top gold miner Newmont Corp said on Wednesday chief financial officer Nancy Buese will step down on Nov. 1 and will be succeeded by Brian Tabolt on an interim basis.…
Exclusive-Lebanon to slash official exchange rate from Nov. 1, finance min says
By Laila Bassam, Timour Azhari and Tom Perry BEIRUT (Reuters) – Lebanon plans to slash its official exchange rate, replacing the 1,507 per dollar rate adopted 25 years ago with a rate…
Russia sets new budget rule, may resume FX interventions this year -Finance Minister
By Darya Korsunskaya MOSCOW (Reuters) – Russia estimates the new cut-off price for its budget rule that diverts excess oil revenues into its wealth fund at $62-$63 per barrel and may resume…
Ghana negotiations with IMF to be fast-tracked : finance minister
By Cooper Inveen ACCRA (Reuters) – Ghana’s negotiations with the International Monetary Fund over a rescue package will be fast-tracked, the country’s Finance Minister Ken Ofori-Atta said on Wednesday. Ghana began talks…
Fed’s Powell reiterates call for appropriate regulation of digital finance
(Reuters) – Digital financial assets require appropriate regulations to ensure a level playing field and protect consumers, Federal Reserve Chair Jerome Powell said on Tuesday. “Within the decentralized finance ecosystem there are…
French finance minister: nomination of new boss for energy group EDF is imminent
PARIS (Reuters) -French Finance Minister Bruno Le Maire said the government had chosen the person who would lead state-power group EDF, which is in the process of being fully nationalised, and that…
New Zealand finance minister sees inflation easing but no quick drop
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s finance minister Grant Robertson said on Tuesday that inflation is likely to moderate but it won’t be a quick drop back to the levels…
Thai economy improving but household debt a problem – Finance Minister
BANGKOK (Reuters) – Thailand’s economy is improving but the country is facing issues with people’s debt and the government will seek to ease problems in the longer term, Finance Minister Arkhom Termpittayapaisith…
Polish inflation could rise in September, finance minister says
WARSAW (Reuters) – Inflation in Poland could rise slightly in September, the country’s finance minister said on Saturday, adding that she still believed it would reach a peak this year. Poland is…
Inflation threatens stability in Germany – finance minister
BERLIN (Reuters) – The German government’s top priority is combatting high inflation, the finance minister said on Thursday during a parliamentary debate on legislation to offset inflation and boost consumers’ purchasing power.…
New York still top, Moscow sinks in finance centre ranking
By Huw Jones LONDON (Reuters) – New York remains far and away the world’s most favoured financial centre, with London still second and Singapore overtaking Hong Kong to come in third, latest…
Hong Kong finance chief says no sharp risk to property prices
HONG KONG (Reuters) -Hong Kong’s finance chief said on Thursday he does not see a sharp risk to the city’s real estate market nor a need to adjust property control measures, as…
French Finance Minister: hopes worst will be over in terms of inflation by spring 2023
PARIS (Reuters) – French Finance Minister Bruno Le Maire said he hoped the worst would be over by spring 2023 in terms of inflation, and reaffirmed that France would have positive economic…
Boeing to slash nearly 150 finance jobs in U.S
(Reuters) – Planemaker Boeing Co said on Tuesday it plans to cut about 150 finance jobs in the United States this year to simplify its corporate structure and focus more resources into…
ECB’s Panetta seen defying calls to be Italian finance minister – sources
By Giuseppe Fonte and Giselda Vagnoni ROME (Reuters) – ECB board member Fabio Panetta is resisting calls from Giorgia Meloni, the front-runner to be Italy’s next prime minister, to take the job…
Japan will act ‘swiftly’ if it intervenes in FX market – Finance Minister
TOKYO (Reuters) – Japanese authorities will act “swiftly without any interruption” if they decide to intervene in the currency market to stem sharp yen falls, Finance Minister Shunichi Suzuki said on Wednesday.…
Breaking News
