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…
Japan Finance Minister says to respond to FX moves appropriately if necessary
TOKYO -Japanese Finance Minister Shunichi Suzuki said on Tuesday he was concerned about recent sharp yen weakening and would appropriately respond to exchange market moves if necessary, repeating a warning as the…
Exclusive – Czech finance ministry proposes beefed-up CEZ dividend
PRAGUE – The Czech Finance Ministry has proposed that state-controlled utility CEZ pays a dividend of 48 crowns per share this year, rather tyhan the 44 crowns proposed by the company’s board,…
Germany’s debt interest payments could soar next year, finance minister warns – newspaper
BERLIN – Finance Minister Christian Lindner warned that interest charges on Germany’s public debt could reach 30 billion euros next year due to rising interest rates and growing debt levels, adding that…
Banks diversity push sees Citigroup recruit associates in U.S. from outside finance
By Elizabeth Dilts Marshall NEW YORK – Facing intense competition for talent and pressure to hit diversity goals, banks are getting more creative in their hiring, with Citigroup Inc recruiting U.S. associates…
Babel Finance suspends withdrawals as crypto markets slump
(Reuters) – Hong Kong-based Babel Finance temporarily suspended the withdrawals and redemption of crypto assets on Friday, as the crypto lender scrambles to pay its clients after the recent slump in the…
Canada’s finance minister says ‘soft landing’ not guaranteed as rates rise
OTTAWA – Canadian Finance Minister Chrystia Freeland expressed confidence on Thursday in the Bank of Canada’s ability to rein in surging inflation and keep price gains from becoming entrenched, but said there…
Moscow mulling ways to help foreigners sell Russian stocks, bonds -finance ministry
(Reuters) – Russian authorities are discussing the idea of giving foreign investors who are willing to cut exposure to Russia a chance to ditch their Russian stocks and bonds later this year…
Euro zone finance ministers back Croatia’s bid to join euro
LUXEMBOURG – Euro zone finance ministers backed on Thursday Croatia’s bid to adopt the euro, clearing another hurdle on the way of the Balkan country to become the 20th member of the…
Greek Finance Minister: Greece to exit EU’s enhanced surveillance framework this week
ATHENS – Greek Finance Minister Christos Staikouras said on Tuesday he expects euro zone finance ministers to confirm the country’s exit from the bloc’s enhanced surveillance framework later this week. Since 2018…
French Finance Minister: rising U.S. bond yields show that ‘era of cost-free money is over’
PARIS – French Finance Minister Bruno Le Maire told France 2 television on Tuesday that the rise in U.S. bond yields showed that the “era of cost-free money” was over. Le Maire…
German finance minister warns of stagflation risk, pledges return to fiscal rigour
BERLIN – German Finance Minister Christian Lindner said there was a risk of a period of high inflation and low growth following Russia’s invasion of Ukraine, which had driven already high inflation…
Paris snaps at heels of London in overseas finance investment ranks
LONDON – France made up more ground on Britain in attracting overseas direct investment into financial services last year, according to research by accountancy firm EY published on Monday. Britain still retained…
Turkish finance minister says economy liberal, growth sustainable
ISTANBUL – Turkey’s Finance Minister Nureddin Nebati said on Saturday that the Turkish economy is liberal and will continue to grow in a sustainable way after the government introduced steps to support…
IMF still has concerns over Pakistan budget – finance minister
By Gibran Naiyyar Peshimam ISLAMABAD – Pakistan’s finance minister said on Saturday that the International Monetary Fund (IMF) has expressed concern about the country’s recently unveiled budget, but the government is confident…
No reserves in Germany’s federal budget, says finance minister
BERLIN – Germany’s federal government has reached the limit of its fiscal capacity, its finance minister said, with extra financing to cope with the coronavirus pandemic, the impact of the war in…
Former Spring Lake Finance Director Arrested on Charges of Embezzlement, Bank Fraud, Aggravated Identity Theft
RALEIGH, N.C. – A Fayetteville woman was arrested today on charges of Embezzlement, Bank Fraud, and Aggravated Identity Theft. The Indictment alleges that Gay Cameron Tucker, 63, of Fayetteville, embezzled more than…
Czech finance minister outlines plan to let firms to pay taxes in euros, look at more euro debt
By Jan Lopatka and Jason Hovet PRAGUE – The Czech government’s plan to let companies pay taxes in euros from 2024 will enable the state to raise its borrowing in euros and…
French Finance Minister: reaffirms inflationary peaks to last several more months
PARIS – French Finance Minister Bruno Le Maire reaffirmed on Wednesday that he expected the peak in inflation to last several more weeks or even several more months, before eventually going back…
Thai economy still seen growing 3% this year – Finance Minister
BANGKOK – Thailand’s economy is still expected to grow 3% this year, driven by exports, despite global uncertainty, the finance minister said on Monday. However, shipments may see more impacts from Russia’s…
Pakistan slashes fuel subsidies in bid to control fiscal deficit – finance minister
KARACHI, Pakistan – Pakistan will slash fuel subsidies for a second time in a week in a bid to control the fiscal deficit and secure International Monetary Fund (IMF) bailout money, the…
Turkish finance minister says economy grew 7% in first quarter
ISTANBUL – Turkish Finance Minister Nureddin Nebati said on Monday that preliminary indicators show the economy grew at a 7% pace in the first quarter of this year, and he repeated his…
Russia working on new mechanism to service foreign debt – finance minister
(Reuters) – Russia will prepare a settlement mechanism before June payouts that will allow it to service its dollar-denominated foreign debt, Finance Minister Anton Siluanov said in a TV interview aired on…
Victoria’s Secret agrees to finance $8.3 million settlement for laid-off Thai workers
BANGKOK – Thai workers who were sacked last year from a factory supplying global lingerie brands including Victoria’s Secret will receive $8.3 million, in what labour activists say is the biggest settlement…
Incoming Philippine Finance Minister does not favour tax hikes to tackle debt
MANILA – Philippine central bank governor Benjamin Diokno, who takes on a new role as finance secretary next month, said on Friday he does not favour raising taxes even as the incoming…
Church Finance Manager Sentenced to 4+ Years for Embezzling $261,000
A Christ the King finance manager who embezzled more than a quarter of a million dollars from the church was sentenced today to more than four years in federal prison, announced U.S.…
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