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…
Brazil’s Finance Ministry views limit for credit card debt growth as reasonable
BRASILIA (Reuters) – Brazil’s Finance Ministry says the measures stipulated in a recent legislation aimed at diminishing credit card revolving interest rates are a rational step, a top official said on Wednesday.…
Japan to chair G7 finance ministers meeting at IMF conference on Oct 12
By Tetsushi Kajimoto TOKYO (Reuters) – Japan will chair a meeting of finance ministers and central bank governors from the Group of Seven (G7) advanced nations on Oct. 12 to discuss the…
Philippines has ‘done enough’ policy tightening, finance secretary says
MANILA (Reuters) – Philippine Finance Secretary Benjamin Diokno believes the central bank has “done enough” policy tightening to tame inflation, but reiterated future interest rate moves would remain data dependent. Diokno’s remarks…
Many factors to consider if FX moves are ‘excessive’ -Japan Finance Minister
TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Friday there were many factors to consider in determining whether moves in the foreign exchange market were “excessive”, adding that there were…
India’s retail inflation likely to ease by December – finance secretary
By Nikunj Ohri NEW DELHI (Reuters) – India’s retail inflation is likely to ease by December as seasonal factors become more favourable, Finance Secretary T V Somanathan told Reuters late on Tuesday.…
Japan Finance Minister says no ‘defence line’ set in dealing with currency moves
By Tetsushi Kajimoto TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Friday Japanese authorities have set no “defence line” in dealing with currencies, while also warning the yen’s weakness had progressed…
Japan Finance Minister Suzuki reiterates warning against excessive FX volatility
By Tetsushi Kajimoto TOKYO (Reuters) – Japan won’t rule out any options to deal with excessive currency volatility, Finance Minister Shunichi Suzuki said on Thursday, reiterating a warning against speculative moves on…
‘Tightrope’ debt situation not unique to Kenya, finance minister says
NAIROBI (Reuters) – Kenya’s struggle with a heavy debt load and pressure on its hard currency reserves is not unique since other nations are facing the same situation, its finance minister said…
Japan Finance Minister warns markets as yen nears intervention danger zone
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s finance minister said on Tuesday that authorities won’t rule out any options in dealing with excessive currency volatility, underlining a warning that has kept traders on…
United Airlines appoints insider Leskinen as finance chief
(Reuters) – United Airlines said on Friday it had promoted company insider Michael Leskinen to chief financial officer, nearly four months after Gerry Laderman announced plans to retire in 2024. Leskinen’s appointments…
Japan Finance Minister Suzuki: Won’t rule out any options on FX
TOKYO (Reuters) -Japan’s Finance Minister Shunichi Suzuki said on Friday he would not rule out any options on currencies as the dollar broke above 148 yen to the dollar, warning against yen…
Thai cabinet to consider debt suspension, handout programme next week – Dep Finance Minister
BANGKOK (Reuters) – Thailand’s cabinet will consider next week a debt suspension plan for farmers and how to implement a digital wallet handout scheme, a deputy minister said on Thursday. The plans…
Colombia finance minister to insist central bank start cutting rates
BOGOTA (Reuters) – Colombian Finance Minister Ricardo Bonilla, who is also a director of the country’s central bank, said on Wednesday he will ask the board to start cutting the benchmark interest…
Canada’s housing crisis will take years to solve -finance minister
(Reuters) – An affordable housing crisis that is hurting the Canadian government’s popularity will take years to resolve, even if construction hits an 80-year high, Finance Minister Chrystia Freeland said on Saturday.…
No decision on EIB presidency expected this week – German Finance Minister
SANTIAGO DE COMPOSTELA (Reuters) – German Finance Minister Christian Lindner said at the informal EU finance ministers meeting on Friday that a decision is not expected this week on who will become…
No reason for zloty to weaken, says deputy finance minister
WARSAW (Reuters) – Polish Deputy Finance Minister Artur Sobon hopes the zloty will stabilise as there is no fundamental reason for it to weaken, he told catholic radio on Thursday. Poland’s currency…
US factory booms strengthen MUFG’s dominance in project finance – senior exec
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – A U.S. factory construction boom driven by tax credits in the Inflation Reduction Act (IRA) is helping Mitsubishi UFJ Financial Group (MUFG) to…
African Finance Corp says Gabon political situation a ‘good coup’
(This Sept. 7 story has been corrected to fix AFC’s ownership structure based on updated guidance from the AFC in paragraph 3) London – The recent coup in Gabon was executed peacefully…
China’s Ant Group unveils finance AI model as race heats up
By Josh Ye HONG KONG (Reuters) – Ant Group unveiled a finance-specific artificial intelligence (AI) model on Friday and started testing consumer and professional apps for the product, joining a crowded race…
Canada finance minister defends central bank independence after rate comment
(Reuters) – Canadian Finance Minister Chrystia Freeland defended the central bank’s independence on Wednesday after her comments welcoming the Bank of Canada’s decision not to increase its key interest rate raised concerns…
BMW expects higher China sales in 2023, finance chief says
By Christina Amann MUNICH (Reuters) – BMW expects to sell more cars in China this year despite a local price war in the electric vehicle (EV) segment, and muted demand overall, the…
Czech Finance Ministry proposes 2024 state budget with $11.3 billion deficit
PRAGUE (Reuters) – The Czech Finance Ministry has proposed a 2024 central state budget with a 252 billion crown ($11.36 billion) deficit, according to a draft of the legislation sent to the…
UBS, Swiss finance blog settle Credit Suisse legacy lawsuit
ZURICH (Reuters) – UBS and Inside Paradeplatz have settled a lawsuit initially brought against the popular Zurich based finance blog by Credit Suisse, the publication said on Tuesday. As part of the…
Russian finance minister expects 2023 GDP to grow by 2.5% or more – agencies
MOSCOW (Reuters) – Russia’s economy is set to grow by 2.5% or more in 2023, while inflation is expected to be around 6%, Finance Minister Anton Siluanov was quoted on Saturday as…
Pakistan required to keep SOEs under finance ministry oversight -IMF
By Ariba Shahid KARACHI (Reuters) – The International Monetary Fund’s (IMF) representative in Pakistan on Wednesday said that the reform process to which the government had agreed required the country to keep…
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