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…
Nigeria finance minister: low oil output barely enough to cover petrol imports
By Dan Burns DAVOS, Switzerland – Low crude oil production means Nigeria is barely able to cover the cost of imported petrol from its oil and gas revenue, Finance Minister Zainab Ahmed…
Finance faces new nature-positive disclosure requirements
By Divya Chowdhury and Jessica DiNapoli DAVOS, Switzerland – Financial firms already struggling with climate-compliance due to unclear measurement metrics will soon face new disclosure requirements for biodiversity, or nature-related, investments. “Nature…
Crypto lender Babel Finance valued at $2 billion after latest fundraising
(Reuters) – Hong Kong-based Babel Finance said on Wednesday it had raised $80 million in a new funding round that valued the cryptocurrency lender and asset manager at $2 billion. Investors who…
Swiss consumers don’t need govt help to cope with inflation -finance minister
ZURICH – Swiss Finance Minister Ueli Maurer ruled out government support for consumers hit by high energy prices and said budget cuts may be needed because the government would not raise taxes…
Full cost of rebuilding Ukraine impossible to quantify, says German Finance Minister
BERLIN – German Finance Minister Christian Lindner said on Tuesday it was impossible to say how much it would cost to rebuild Ukraine as long as fighting with Russia continues, amid European…
Saudi finance minister says no immediate plans to transfer more funds to PIF
By Yousef Saba and Saeed Azhar DUBAI – Saudi Arabia’s finance minister said on Monday there were no immediate plans to transfer more funds to the Public Investment Fund (PIF), the sovereign…
Inflation picture is concerning, British junior finance minister says
LONDON – The inflation picture is hugely concerning but the British government has confidence in the Bank of England to get it right, Chief Secretary to the Treasury Simon Clarke said on…
Dutch budget deficit to rise to 3.4% this year – finance ministry
AMSTERDAM – The Dutch government’s budget deficit will rise to 3.4% of GDP in 2022, the finance ministry said on Friday in its spring budget update, up from expectations of a 2.4%…
G7 determined to halt rise in inflation – German finance minister
KOENIGSWINTER, Germany – The Group of Seven economic powers are determined to stop the rise in inflation, German Finance Minister Christian Lindner said on Friday after hosting a meeting with his G7…
G7 to meet climate finance support goal next year – draft
KOENIGSWINTER, Germany – The Group of Seven economic powers expect to meet a climate change financing goal for developing countries by next year, G7 finance chiefs said in a draft communique from…
Former Phoenixville-Area School District Finance Director Sentenced to Over One Year in Prison For Embezzling District Funds
PHILADELPHIA – United States Attorney Jennifer Arbittier Williams announced that Christopher Gehris, 47, Phoenixville, PA, was sentenced today to one year and two months in prison and three years of supervised release,…
Russia allows 15 companies to remain listed abroad – finance ministry
(Reuters) – Russia has given 15 companies including metals giant Nornickel and liquefied natural gas producer Novatek approval to remain listed on foreign exchanges, the finance ministry said on Wednesday. Russian President…
Slovak finance minister sets up battle with proposed tax on Russian oil processing
(Reuters) – Slovak Finance Minister Igor Matovic said on Tuesday he would propose a special tax on Russian crude processed in the country, clashing with a government coalition partner as he seeks…
G7 finance ministers plan 15 billion euros aid for Ukraine
BERLIN -The finance ministers of the Group of Seven economic powers want to put together a 15 billion euro ($15.8 billion) aid package for Ukraine at their meeting in Bonn this week,…
Thai growth outlook good despite planning agency’s downgrade – Finance Minister
By Kitiphong Thaichareon BANGKOK – Thailand’s finance minister said on Tuesday this year’s economic outlook was still good despite the state planning agency’s downgrade of its growth forecast, adding he also hoped…
Yellen to meet Polish prime minister at start of trip to G7 finance meeting
By David Lawder WASHINGTON – U.S. Treasury Secretary Janet Yellen will meet with Polish Prime Minister Mateusz Morawiecki on Monday to discuss how Russia’s invasion of Ukraine affects Poland’s economy as part…
Britain to bolster competitiveness in finance after Brexit
By Huw Jones LONDON -Britain said on Tuesday it will require its regulators to help the City of London remain a globally competitive financial centre after being largely cut off from the…
Lufthansa examines ITA Airways as finance data opened to bidders
By Zuzanna Szymanska and Francesca Landini FRANKFURT – Lufthansa and its partner MSC have been looking at financial data opened up by state-owned ITA Airways to see if the Italian airline would…
Orion Innovation’s Anoop Gala Recognized as NJBIZ Leader in Finance 2022
“I’m honored to be recognized by NJBIZ as a leader in finance and want to thank my dedicated team of more than 1200 professionals who are transforming the global financial services and…
Russia to cover budget deficit with rainy-day fund in 2022, Finance Minister says
(Reuters) – Russia’s National Wealth Fund (NWF), a rainy-day cushion containing oil revenues, will be the main source of financing for a budget deficit seen at 1.6 trillion roubles ($21.6 billion) or…
Thai finance ministry cuts 2022 GDP outlook over Ukraine war
By Orathai Sriring and Kitiphong Thaichareon BANGKOK – Thailand’s finance ministry on Wednesday reduced its 2022 economic growth forecast to 3.5% from a previous forecast of 4.0%, due to the impact of…
Japan Finance Minister denies reports of talks with U.S. on yen intervention
By Tetsushi Kajimoto and Leika Kihara TOKYO -Japanese Finance Minister Shunichi Suzuki said there was “no truth” to media reports that he had discussed with U.S. Treasury Secretary Janet Yellen a joint…
Japan’s finance ministry official denies report Japan, U.S. discussed joint FX intervention
TOKYO – A senior Japanese finance ministry official on Saturday denied a media report that Japan and the United States discussed coordinated currency intervention to stem further yen falls at a bilateral…
India wants to be friends with West but needs Russian help to defend borders, says Finance Minister -Bloomberg
MUMBAI – India wants to be strong friends with the “liberal world” but it needs Russia’s assistance to defend its borders, Finance Minister Nirmala Sitharaman told Bloomberg in an interview in Washington.…
Energy prices a ‘major concern’ for South Africa -Finance Minister Godongwana
By Rachel Savage and Karin Strohecker LONDON – Energy prices that have soared since Russia’s war in Ukraine are a “major concern” for South Africa’s economy, Finance Minister Enoch Godongwana said on…
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