Analysis-UK finance bosses press to revive London’s allure
By Sinead Cruise and Iain Withers LONDON (Reuters) – Some of Britain’s top finance executives, fearful London is losing out to New York and rival …
Finance
Microsoft helping finance AMD’s expansion into AI chips – Bloomberg News
(Reuters) – Microsoft Corp is working with Advanced Micro Devices Inc on the chipmaker’s expansion into artificial intelligence processors, Bloomberg News reported on Thursday, citing …
Yellen to travel to Japan for G7 finance ministers meeting
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will travel to Niigata, Japan next week to participate in the Group of Seven …
German finance minister rejects industrial power price plan -Handelsblatt
BERLIN (Reuters) – German Finance Minister Christian Lindner on Tuesday rejected a plan by Economy Minister Robert Habeck to introduce an industrial electricity price. Such …
South Korea finance minister: South Korea, Japan, China cooperation more important as world economy at inflection point
INCHEON, South Korea (Reuters) – South Korea’s finance minister said on Tuesday that the trilateral cooperation between South Korea, Japan and China has became more …
Russian Finance Minister: Hitting budget deficit of 2% of GDP depends on oil and gas – agencies
(Reuters) – Russia’s forecast of a 2023 budget deficit of no more than 2% of gross domestic product (GDP) remains in force but much depends …
Zimbabwe economy could grow 6% this year, finance minister says
HARARE (Reuters) – Zimbabwe’s economy could grow 6% this year, better than a previous forecast for 3.8% growth, thanks to a strong performance by agriculture …
Inflation is a tough beast says German finance minister
BERLIN (Reuters) – Inflation is a risk for financial stability and central banks must take this into consideration, German Finance Minister Christian Lindner said on …
South Korea and Japan’s finance ministers to hold first bilateral talks in 7 years
SEOUL/TOKYO (Reuters) – South Korea and Japan’s finance ministers will hold a bilateral meeting early next month for the first time in seven years, heralding …
Zambia sent bondholders debt restructuring proposal, finance ministry says
By Jorgelina do Rosario and Rodrigo Campos WASHINGTON/NEW YORK (Reuters) – Zambia last week gave its bondholders a “concrete proposal” for the restructuring of some …
Colombian green, benchmark bonds likely this year -finance minister
By Jorgelina do Rosario and Rodrigo Campos WASHINGTON (Reuters) – Colombia is looking to issue a green bond before the end of 2023, likely in …
German finance ministry plans austerity measures of up to 20 billion euros – Spiegel
BERLIN (Reuters) – German Finance Minister Christian Lindner is planning an austerity package with a volume of up to 20 billion euros ($22.12 billion), Germany’s …
Hong Kong woos mainland China crypto firms in push to bolster finance hub status
By Josh Ye HONG KONG (Reuters) – After years of bankers quitting Hong Kong amid a China security crackdown and tight COVID curbs, the city …
Swiss finance minister sees no ‘stumbling blocks’ to UBS takeover of Credit Suisse
ZURICH (Reuters) – UBS’s multi-billion state-sponsored takeover of Credit Suisse should proceed smoothly without political obstructions, Swiss Finance Minister Karin Keller-Sutter said in an interview …
Austrian banks unaffected by banking turmoil – finance minister tells NZZ
ZURICH (Reuters) – Austria’s government is monitoring the global banking turmoil although there are so far no signs of it spreading to the country’s financial …
Florida’s DeSantis picks finance director for prospective presidential campaign
By Gram Slattery and Alexandra Ulmer (Reuters) – Florida Governor Ron DeSantis has chosen a finance director for his prospective presidential campaign, two sources close …
Philippine Finance Minister: central bank has “probably done enough” to tackle inflation
MANILA (Reuters) – The Bangko Sentral ng Pilipinas (BSP) has “probably done enough” to tackle inflation, the country’s finance secretary said on Tuesday, in comments …
Global finance CEOs make first post-COVID visits to China
By Selena Li and Kane Wu HONG KONG/SHANGHAI (Reuters) – A flurry of top financial executives have visited China for the first time since the …
Nepal PM names new finance minister amid economic woes
By Gopal Sharma KATHMANDU (Reuters) – Nepal’s Prime Minister Pushpa Kamal Dahal on Friday named centrist politician and economic expert Prakash Sharan Mahat as finance …
China needs to step up fiscal policy help for its economy – vice Finance Minister
BEIJING (Reuters) – China needs to step up fiscal policy assistance for its economy, Vice Finance Minister Zhu Zhongming said on Friday, adding the country …
FTX’s Bankman-Fried to plead not guilty to campaign finance, China bribery charges
By Luc Cohen NEW YORK (Reuters) – Indicted FTX cryptocurrency exchange founder Sam Bankman-Fried is expected to plead not guilty on Thursday to new U.S. …
US consumer finance chief calls for better risk management at banks, fintechs
By Nupur Anand and Tatiana Bautzer (Reuters) – The recent failures of mid-size U.S. lenders show the need for more robust risk management at banks …
French corporate finance chiefs vet bank risks and exposure -lobby
PARIS (Reuters) – Corporate finance directors are scrutinising who they bank with in the wake of recent market tensions but there is no rush for …
Japan banks’ holdings of Credit Suisse AT1 bonds small – Finance Minister
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Japanese banks’ holdings of Additional Tier-1 (AT1) bonds issued by Credit Suisse are small so the direct …
Australia’s Downer appoints new finance chief amid regulatory woes
(Reuters) -Australian contractor Downer EDI Ltd said on Tuesday Malcolm Ashcroft will become its chief financial officer from July, after Michael Ferguson earlier this month …
Nikola names insider Anastasiya Pasterick as finance chief
(Reuters) – Electric-truck maker Nikola Corp said on Monday Kim Brady will retire as chief financial officer on April 7 and insider Anastasiya Pasterick will …
India finance minister asks state run banks to assess risks
NEW DELHI (Reuters) – India finance minister has asked state-run banks to assess various financial health parameters amid turbulence across the global banking sector. After …
Thai Finance Minister says no impact on Thailand so far from US banking woes
BANGKOK (Reuters) – Thailand’s finance minister said on Wednesday that there had been no impact on Thailand so far from problems facing some banks in …
Israel Finance Minister says immediate liquidity risk averted after SVB collapse
JERUSALEM (Reuters) – Israel’s Finance Ministry said on Tuesday that a panel formed to assess the fallout from the collapse of Silicon Valley Bank determined …
Euro zone has no direct exposure to SVB -finance ministers’ chairman
BRUSSELS (Reuters) – Euro zone banks have no exposure to Silicon Valley Bank (SVB) and euro zone banks are in good shape, the chairman of …
China reappoints central bank chief, finance minister
BEIJING (Reuters) – China’s rubber-stamp parliament, the National People’s Congress, on Sunday unexpectedly reappointed Yi Gang, 65, as governor of the People’s Bank of China …
UK finance minister and Bank of England work to contain SVB fallout
LONDON (Reuters) -Britain’s finance ministry and the Bank of England are working to minimize the disruption that could arise from a collapse of the UK …
Canada govt to present 2023-24 budget on March 28, finance minister says
OTTAWA (Reuters) – Canada’s federal government will present its budget for fiscal year 2023-24 on March 28, Finance Minister Chrystia Freeland said on Friday. “Our …
Canada’s finance minister says she is preparing budget with fiscal constraint in mind
(Reuters) – Canada’s Finance Minister Chrystia Freeland said on Wednesday she is preparing a budget, expected sometime this spring, with fiscal constraint in mind and …
Brazil’s Finance Ministry has finalized proposal for new fiscal framework, says Haddad
BRASILIA (Reuters) – Brazilian Finance Minister Fernando Haddad said on Monday that his ministry has finalized its contribution to the design of the country’s new …
Irish finance minister sees less severe economic slowdown
DUBLIN (Reuters) – An expected economic slowdown may not be as severe as feared, Ireland’s finance minister said on Friday after data showed consumer spending …
Brazil’s work on new fiscal framework to end this week, says finance minister
(Reuters) – Brazilian Finance Minister Fernando Haddad said on Thursday the ministry plans to finish working on a new fiscal framework this week and present …
G20 finance leaders to gauge toll on global economy on Ukraine war’s anniversary
By David Lawder BENGALURU (Reuters) – Global finance leaders will tally the economic damage from Russia’s war in Ukraine on Friday as they meet on …
China anti-graft body vows crackdown on finance sector corruption
By Laurie Chen BEIJING (Reuters) – China’s top graft-busting body on Thursday vowed to “resolutely” crack down on corruption in the financial sector, days after …
U.S. Treasury sees ‘difficult’ debt talks at G20 finance meeting
By David Lawder BENGALURU (Reuters) – U.S. Treasury officials said on Wednesday they expect G20 discussions over debt relief for distressed countries to be “difficult” …
German state tax revenues up slightly in January – finance ministry
BERLIN (Reuters) – Tax revenues of Germany’s federal and regional state governments increased by 0.8% in January compared with the previous year, driven by higher …
Budget demands of German coalition partners unrealistic, says finance minister
By Christian Kraemer and Maria Martinez BERLIN (Reuters) – German Finance Minister Christian Lindner considers the budget demands made by his government coalition partners to …
French Finance Minister to meet retailers this week over food inflation worries
By Dominique Vidalon PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Monday he will meet retailers this week to find ways to …
Big subsidies and debt not solution to U.S. inflation act – German finance min
HELSINKI (Reuters) – Large subsidies and debt are not the right response to the U.S. Inflation Reduction Act, which should instead be an opportunity to …
Thai economy recovering steadily, tourism to drive 2023 growth – Finance Minister
BANGKOK (Reuters) – Thailand’s economy is recovering slowly but steadily, boosted by a rebound in a vital tourism sector that will remain the key driver …
Many companies and finance firms yet to set deforestation policy – report
By Simon Jessop LONDON (Reuters) – Almost half of the companies most reliant on the commodities responsible for deforestation, and the financial firms that back …
G20 exploring cryptocurrency regulation, India’s finance minister says
By Nikunj Ohri (Reuters) – The Group of 20 (G20) big economies is exploring whether the group could collectively regulate cryptocurrencies, Finance Minister Nirmala Sitharaman …
South Korea Finance Minister sees inflation easing by April-May
SEOUL (Reuters) – South Korea’s finance minister reaffirmed on Friday his view that consumer prices would ease around the April-May months, a week after data …
Brazil’s finance ministry to back minimum wage increase starting in May -sources
By Bernardo Caram BRASILIA (Reuters) – Brazil’s finance ministry sees room for leftist President Luiz Inacio Lula da Silva to raise the minimum wage as …
Brazil’s Finance Ministry not discussing changes to inflation targets
BRASILIA (Reuters) – Brazil’s economic policy secretary Guilherme Mello said on Tuesday that discussions on changing inflation targets were not on the agenda of the …