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…
Colombia’s next finance minister says rate rises have limited impact on inflation
BOGOTA – Interest rate hikes have a limited capacity to rein in accelerating inflation because supply issues are one of the key drivers of consumer price increases, Colombia’s next finance minister, Jose…
U.S. consumer watchdog to scrutinize crypto payments, Big Tech moves into finance -director
By Katanga Johnson and Michelle Price WASHINGTON – The top U.S. consumer watchdog plans to scrutinize the use of cryptocurrencies for real-time payments and ramp up oversight of Big Tech companies as…
Alpha Bank to sell bad loan portfolio to Hoist Finance
ATHENS – Alpha Bank, one of Greece’s four largest lenders, said on Friday it signed a binding agreement to sell a 400 million euro ($407 million) portfolio of unsecured bad loans to…
New UK finance minister targets inflation, ‘sound finances’
By David Milliken LONDON – Britain’s government must focus on sound public finances and avoid further fuelling inflation by pumping up demand, new finance minister Nadhim Zahawi is due to say in…
Former Municipal Director of Finance Pleads Guilty to Misappropriation of $2.5 Million
SAN JUAN, Puerto Rico – Defendant Victor Cruz-Quintero pleaded guilty before United States Magistrate Judge Marcos E. López to one count of misappropriation of government funds from the United States Department of…
Russia to block sale of foreign banks’ Russian subsidiaries -Ifax cites finance ministry
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW – Russia will block the sale of foreign banks’ Russian subsidiaries while Russian banks…
Japan finance minister warns vs speculative moves behind rapid yen weakening
By Tetsushi Kajimoto TOKYO -Japanese Finance Minister Shunichi Suzuki warned on Friday against “speculative moves” seen behind a rapid yen weakening, using the strongest wording to the day as the yen weakened…
G20 finance chair warns on risks to poor countries if no consensus
NUSA DUA, Indonesia – Indonesian Finance Minister Sri Mulyani Indrawati said on Friday failure by G20 finance chiefs meeting in Bali to reach consensus could be catastrophic for low-income countries amid soaring…
El Salvador finance minister says possible IMF deal no panacea
SAN SALVADOR – Salvadoran Finance Minister Alejandro Zelaya minimized on Thursday the potential positive impact of a long-delayed deal with the International Monetary Fund, even as the highly indebted country stares down…
Philippines Finance Minister says economy robust enough to absorb aggressive rate hike
MANILA – The Philippine economy continues to be robust to absorb the 75 basis points increase in the central bank’s benchmark interest rates, given an expansion in economic activity early this year,…
KKR’s first asset-based finance fund raises $2.1 billion
(Reuters) – Global Investment firm KKR & Co Inc on Wednesday closed its first asset-backed finance fund with about $2.1 billion from investors who are increasingly turning to collateral-based cash flows with…
Euro zone finance ministers fail again to name new bailout fund head
BRUSSELS – After several months of attempts, euro zone finance ministers failed again on Monday to choose a new head of the bloc’s bailout fund, EU officials said. Ministers need to agree…
‘Chilling’ use of security law threatening Hong Kong’s finance hub status, says U.S. envoy
HONG KONG – The top U.S. diplomat in Hong Kong on Monday urged China to ease political pressure on the city, warning that the “crude and chilling” use of a sweeping national…
Senate Finance report says AbbVie shifted profit overseas to cut taxes
By Michael Erman (Reuters) – Drugmaker AbbVie Inc generates most of its sales in the United States, while shifting most of its profits overseas in order to avoid U.S. taxes, an interim…
Israel finance ministry trims GDP forecasts but sees surge in tax income
By Steven Scheer JERUSALEM -Israel is on track to collect 45.5 billion shekels ($13 billion) more than initially expected in revenue in 2022, the Finance Ministry said on Thursday as it also…
UK ministers, including new Finance Minister, to tell Johnson to go-reports
LONDON -A group of cabinet ministers are about to tell Prime Minister Boris Johnson to quit, including the man who has just been appointed as the new finance minister, media reports said…
Lebanon recovery plan held up by changes from PM – top finance lawmaker
By Timour Azhari and Maya Gebeily BEIRUT – Lebanon’s top finance lawmaker said prime minister designate Najib Mikati had verbally proposed “very serious” changes to a recently-adopted plan to revamp the collapsed…
Tokyo, City of London seek to deepen collaboration on sustainable finance
TOKYO – Tokyo aims to deepen its ties with the City of London by promoting financial collaboration and exchanging information, while promoting the push towards sustainable finance, Governor Yuriko Koike said on…
Lev Parnas Sentenced To 20 Months In Prison For Campaign Finance, Wire Fraud, And False Statements Offenses
Damian Williams, the United States Attorney for the Southern District of New York, announced that LEV PARNAS was sentenced today in Manhattan federal court by United States District Judge J. Paul Oetken…
Factbox-Major finance milestones as Hong Kong marks 25 years since handover
HONG KONG – Hong Kong returned to China in 1997 after 156 years of British colonial rule. Here are some major milestones for the city’s financial markets: HONG KONG DOLLAR TRADING BAND…
Czech finance minister seeks to keep 2022 budget deficit below $14.1 billion
PRAGUE – Czech Finance Minister Zbynek Stanjura said on Sunday he wanted to keep the 2022 state deficit from rising above 330 billion crowns ($14.1 billion) in a budget amendment being worked…
Ex-Giuliani associate deserves 6-8 years for campaign finance violation – prosecutors
By Luc Cohen NEW YORK – Lev Parnas, a onetime associate of Donald Trump’s former personal lawyer Rudy Giuliani, should serve between six and eight years in prison for violating U.S. campaign…
‘Stop Complaining’: WaPo Personal Finance Adviser Dismisses Americans Suffering From Inflation
‘Stop Complaining’: WaPo Personal Finance Adviser Dismisses Americans Suffering From Inflation Harold Hutchison on June 22, 2022 A Washington Post columnist told Americans to “stop complaining” about the effects of inflation while…
German finance regulator orders audit of Adler’s 2021 annual report
BERLIN – German finance regulator Bafin on Wednesday said it had ordered an audit of Adler Real Estate’s approved 2021 consolidated financial statements and the summary management report. There were first indications…
Harley names former PWC exec Maraj as EV unit’s finance chief
(Reuters) – Harley-Davidson Inc on Wednesday named former PricewaterhouseCoopers LLP (PWC) executive Tralisa Maraj as chief financial officer of its electric bike unit, LiveWire. Maraj, whose appointment is effective immediately, was earlier…
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