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 …
Finance
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 …
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 …
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 …
Philippines risks investment grade rating if it can’t reform military pensions – finance chief
MANILA (Reuters) – The Philippines risks losing its investment grade rating if it fails to reform an “unsustainable” military and uniformed personnel (MUP) pension system …
Tackling money shame: Personal finance advice from top TED Talks
By Chris Taylor NEW YORK (Reuters) – Here is something to make you feel old: Next year will mark the 40th anniversary of the first …
Finance firms’ return-to-office crackdown could backfire – study
By Lananh Nguyen NEW YORK (Reuters) – Financial firms that enforce strict return-to-office mandates could drive employees to leave, according to a study published Tuesday …
Turkish cenbank governor, Finance Minister to attend JP Morgan investor meeting on Friday -sources
By Orhan Coskun and Karin Strohecker ISTANBUL/LONDON (Reuters) – Turkish Central Bank Governor Hafize Gaye Erkan and Finance Minister Mehmet Simsek will attend a meeting …
Uber’s finance chief to exit in January next year
(Reuters) – Uber Technologies said on Tuesday Chief Financial Officer Nelson Chai will leave the ride-hailing company in January next year. (Reporting by Akash Sriram …
Paraguay courts Taiwanese investors, warns against China reliance – finance minister
By Daniela Desantis and Lucinda Elliott ASUNCION (Reuters) – Paraguay is seeking more Taiwanese investment to diversify its farm-driven economy focused on exporting raw materials …
Philippines need not match Fed’s 25 bps hike – finance minister
MANILA (Reuters) – The Philippines’ finance minister said monetary authorities have room to pause on rate hikes in August despite a recent policy tightening by …
DOJ Drops Campaign Finance Charge Against Dem Megadonor, Alleged Fraudster
DOJ Drops Campaign Finance Charge Against Dem Megadonor, Alleged Fraudster Jason Cohen on July 27, 2023 The Department of Justice (DOJ) dropped a campaign finance …
Brazil’s finance minister expects interest to fall to ‘at least’ 12% by year-end
BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad said on Wednesday he expects the basic interest rate to fall to “at least” 12% by year-end, …
Exclusive-EU’s highest inflation to slow to 7-8% by Dec – Hungary finance minister
By Krisztina Than and Gergely Szakacs BUDAPEST (Reuters) – Hungary’s annual inflation will slow to 7-8% by December from 20.1% in June, helping the economy …
UBS says $100 million blended finance initiative receives new backers
ZURICH (Reuters) – British and U.S. development finance organisations have agreed to be anchor investors in a new $100 million private-public finance initiative led by …
German tax revenues drop sharply in June – Finance Minister
BERLIN (Reuters) – Tax revenues of Germany’s federal and regional state governments fell by 7.3% in June compared with the previous year, reflecting tax relief …
G7 finance chiefs to meet July 16, will discuss Ukraine, global taxation – Suzuki
By Tetsushi Kajimoto TOKYO (Reuters) -Financial leaders from the Group of Seven (G7) advanced countries will hold talks on July 16 on the sidelines of …
Ex-Mozambique finance minister pleads not guilty in New York over debt scandal
By Luc Cohen NEW YORK (Reuters) -A former Mozambique finance minister pleaded not guilty on Thursday to U.S. criminal charges over his alleged involvement in …
Ex-Mozambique finance minister pleads not guilty in New York on debt scandal charges
NEW YORK (Reuters) – A former Mozambique finance minister pleaded not guilty on Thursday to U.S. criminal charges over his alleged involvement in a fraud …
G20 finance chiefs set to discuss reforms to development banks, crypto, debt
NEW DELHI (Reuters) – Finance ministers and central bank governors of the G20 member nations are set to meet and discuss reforms to multilateral development …
U.S. prosecutors probe ex-FTX executive Salame for campaign finance violations -WSJ
NEW YORK (Reuters) – Former FTX cryptocurrency exchange executive Ryan Salame is under investigation by federal prosecutors for possible violations of campaign finance law, the …
More than $2 billion committed at UK-US climate finance forum
LONDON (Reuters) -Finance leaders, companies and philanthropists have committed more than $2 billion to help finance efforts to reduce carbon emissions and boost climate resilience …
Turkey aims to ensure fiscal discipline and lower budget deficit -Finance Minister
ISTANBUL (Reuters) – Turkey is taking measures to re-establish fiscal discipline and control the level of the budget deficit, Finance Minister Mehmet Simsek said on …
Japan finance minister warns against excessive yen weakening
By Tetsushi Kajimoto TOKYO (Reuters) -Japan will take appropriate steps should the yen weaken excessively, Finance Minister Shunichi Suzuki said on Friday after the currency …
Mexico’s economic outlook uncertain, say finance officials
MEXICO CITY (Reuters) – Mexico’s financial system stability committee described the country’s economic outlook as uncertain on Thursday, citing persistent risks of further weakening of …
Brazil Finance Minister confirms 3% inflation target in 2024, backs tweaking time frame
SAO PAULO (Reuters) – Brazil’s finance minister has confirmed the country’s monetary council will keep next year’s inflation target at 3%, but reiterated he expects …
Japan finance minister declines to rule out any options on weak yen
By Tetsushi Kajimoto TOKYO (Reuters) – Japan will not rule out any options in responding to currency market moves that become excessive, Finance Minister Shunichi …
UK finance minister Hunt says banks are slow to pass on rate hikes to savers
LONDON (Reuters) – Britain’s finance minister Jeremy Hunt said on Monday that banks are too slow to pass on increases in central bank interest rates …
Paris finance summit to push development banks to take on more risk -draft
By John Irish PARIS (Reuters) -Leaders meeting this week at a summit in Paris are set to back a push for multilateral development banks like …
Colombia will export fossil fuels for a long time -finance minister
By Rodrigo Campos and Nelson Bocanegra NEW YORK (Reuters) – Colombia will continue to extract fossil fuels for “much longer” until it has other exports …
Visa names EA’s Chris Suh as finance chief
(Reuters) -Visa has hired Chris Suh, the finance chief at Electronic Arts and a former executive at Microsoft, as its new CFO, the payments processor …
Macron’s Paris summit seeks new life for global finance agenda
By Leigh Thomas and Simon Jessop PARIS (Reuters) – French President Emmanuel Macron hosts a summit on Thursday and Friday to pin down a roadmap …
Canada finance minister: Stellantis investment ‘is coming’
OTTAWA (Reuters) – Canada, which has been renegotiating its support for a Stellantis-LGES electric vehicle battery plant, is confident that the investment is good for …
France’s Finance Minister pledges renewed push to cut public spending -FT
(Reuters) – French Finance Minister Bruno Le Maire will take a more stringent approach to public finances, he told the Financial Times ahead of a …
Verizon searching for new finance chief and potential CEO successor – WSJ
(Reuters) – Verizon Communications is searching for a new finance chief and looking for potential candidates to later succeed CEO Hans Vestberg, the Wall Street …
German finance ministry steps up 2024 budget pressure on ministries
BERLIN (Reuters) – Germany’s Finance Ministry has informed the other ministries of what budget funds will be available to them next year, it said on …
French finance minister sticks to 1% growth outlook despite risks
PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Wednesday he was sticking to a forecast of 1% economic growth this year despite …
Brazil’s new fiscal rules stricter than they look, finance ministry official says
BRASILIA (Reuters) – Brazil’s newly introduced fiscal framework is stricter than they appear and will require a discussion of important spending cuts, Gabriel Galipolo, the …
Japan finance minister Suzuki: Must maintain yen credibility in guiding fiscal policy
TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki on Tuesday said he must guide fiscal policy based on common international understanding as global economic and …
Thai economy resilient, on path to full recovery – Finance Minister
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy is on a solid path to recovery and showing resiliency, helped by good revenue …
Brazil’s finance ministry lifts 2024 inflation estimate
BRASILIA (Reuters) – Brazil’s finance ministry on Tuesday lifted its 2024 inflation forecast to 3.63%, from 3.52%, and kept its estimate for growth in Latin …
UK finance minister to meet food manufacturers to discuss high prices
LONDON (Reuters) – British Finance Minister Jeremy Hunt plans to raise concerns about the surge in food prices and discuss ways to ease the strain …
Timeline of Brazil’s inflation target to be discussed with Lula, says finance minister
SAO PAULO (Reuters) – Brazilian Finance Minister Fernando Haddad said on Friday that a change in the timeline for meeting the inflation target will be …
Ghana receives first $600 million tranche of $3 billion IMF loan -Ghana’s finance minister
JOHANNESBURG (Reuters) – Ghana’s Finance Minister Ken Ofori-Atta said on Friday that the first $600 million tranche of a $3 billion, three-year extended credit facility …
Brazil’s finance minister signals potential change to inflation target timeline
BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad on Thursday suggested that the country’s new government is looking at adjusting the timeline for achieving its …
Snap Finance LLC to Pay $11.4 Million in Settlement Over Deceptive Practices
HARRISBURG, PA – Pennsylvania Attorney General Michelle Henry announced on Monday a settlement with Snap Finance LLC and its affiliates amounting to $11.4 million. The …
China’s rising clout spotlighted at finance chief meetings before G7 summit
By Tetsushi Kajimoto TOKYO (Reuters) – The weekend gathering of finance chiefs from the Group of Seven (G7) advanced economies did not single out China …
Germany finance minister urges “grown-up” decision on U.S. debt ceiling
NIIGATA, Japan (Reuters) – German Finance Minister Christian Lindner on Friday said he hoped politicians in the United States would come to a “grown-up” decision …
China’s JD.com promotes finance chief to CEO role as Xu Lei resigns
(Reuters) -China’s e-commerce giant JD.com Inc said on Thursday its chief executive Xu Lei will step down, with the company’s chief financial officer taking on …
BOJ’s Ueda: G7 finance chiefs to debate financial system risks
By Leika Kihara NIIGATA, Japan (Reuters) – Calm has returned to the global financial system after the recent failure of several U.S. banks, but Group …