U.S., Oman discuss how to address illicit finance -U.S. statement
(Reuters) – Officials from the United States and Oman met in Muscat this week to discuss efforts to curb money laundering and terrorist financing and …
Finance
Indonesia’s 2023 GDP growth seen slowing slightly from 2022’s 5.2%-5.3% -Finance Minister
JAKARTA (Reuters) – Indonesia’s economy likely grew within a range of 5.2% to 5.3% in 2022, and a slight deceleration is expected this year due …
IMF slashes UK growth outlook, adding pressure on finance minister Hunt
LONDON (Reuters) – Britain is the only Group of Seven nation to have suffered a cut to its 2023 economic growth outlook in International Monetary …
Japan Finance Minister: Too early to consider reviewing gov’t-BOJ inflation statement
TOKYO (Reuters) – Japanese finance minister Shunichi Suzuki on Tuesday said it is not yet time to debate a possible review of a joint statement …
Thai finance ministry maintains 2023 GDP growth outlook, sees more tourists
BANGKOK (Reuters) – Thailand’s finance ministry on Friday maintained its economic growth outlook for 2023 at 3.8%, helped by a rebound in tourism and domestic …
U.S. Senate finance chair: Congress should hike tax on oil firms’ stock buybacks
(Reuters) – U.S. Senate Finance Committee Chair Ron Wyden on Thursday said Congress must do more to raise taxes on oil companies’ stock buybacks after …
Germany won’t reallocate energy crisis funds – finance minister
BERLIN (Reuters) – Germany might not use the full 200 billion euros ($217.50 billion) earmarked for the government’s response to the energy crisis, Finance Minister …
German finance minister warns against quick decoupling from China
BERLIN (Reuters) – Germany must reduce its dependence on China gradually as decoupling from the Chinese market would costs jobs in Europe’s biggest economy, Finance …
Japan Finance Minister cautions against changes to debt redemption rule
By Tetsushi Kajimoto TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki cautioned against making any change to the government’s debt redemption rule as it helps …
Republican House Finance Subcommittees Are Swamped With Diversity, Equity And Inclusion
Republican House Finance Subcommittees Are Swamped With Diversity, Equity And Inclusion Alexa Schwerha on January 19, 2023 The Financial Services Committee disbanded its Subcommittee on …
Pakistan’s finance minister to meet IMF in Geneva, with bailout stalled
By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – An International Monetary Fund (IMF) delegation will meet Pakistan’s finance minister on the sidelines of a conference in …
China’s finance minister promises ‘appropriate’ 2023 fiscal expansion
BEIJING (Reuters) – China will step up fiscal expansion in an appropriate manner in 2023 by boosting fiscal spending and investment via local government special …
IIFL Finance to raise funds via public issue
MUMBAI (Reuters) – India’s IIFL Finance plans to raise at least 1 billion rupees ($12.10 million) through public issue of non-convertible debentures, according to a …
Germany’s finance minister sees 2023 inflation at 7%
BERLIN (Reuters) – Germany’s finance minister expects inflation in Europe’s biggest economy to drop to 7% this year and to continue falling in 2024 and …
Permitted share of China’s yuan in Russian wealth fund doubled to 60% -Finance Minister
MOSCOW (Reuters) – Russia’s finance ministry on Friday said the maximum possible share of Chinese yuan in its National Wealth Fund (NWF) had been doubled …
Thai economy got a boost from tourism in November – finance ministry
BANGKOK (Reuters) – Thailand’s economy in November was supported by tourism while private consumption held steady, and exports weakened following a slowdown in trading partners’ …
U.S. finance faces ESG backlash, more to come in 2023
By Ross Kerber, Isla Binnie and Simon Jessop BOSTON (Reuters) – A movement by financial firms and activists to challenge companies over their efforts on …
Bahrain’s Q3 GDP increases to 4.2% YoY – finance ministry
CAIRO (Reuters) – Bahrain’s Q3 real GDP has increased to 4.2 percent year-on-year, its finance ministry said in a statement on its Twitter account on …
Former New York University finance director charged with $3.4 million fraud
By Jonathan Allen NEW YORK (Reuters) – A former director of finance at New York University was indicted on Monday for what prosecutors described as …
S.Africa Finance Minister: Ramaphosa re-election suggests policy continuity
JOHANNESBURG (Reuters) – The re-election of President Cyril Ramaphosa as leader of South Africa’s governing African National Congress (ANC) party suggests continuity in economic policy, …
China’s COVID surge hits Beijing trading floors, Shanghai finance hub
SHANGHAI (Reuters) – COVID-19 is sweeping through trading floors in Beijing and spreading fast in the financial hub of Shanghai, with illness and absence thinning …
Volkswagen to refocus on raising productivity, warns of challenging 2023 – finance chief
BERLIN (Reuters) – Volkswagen will refocus on raising productivity after numerous challenging years and is targeting margin parity between electric and combustion engine cars in …
South Korea authorities to continue efforts to stabilise markets -finance minister
SEOUL (Reuters) – South Korea’s finance minister said on Thursday that local financial markets have comparably stabilised recently, while reaffirming that authorities will continue to …
Trafigura to pilot sustainable supply chain finance program for Mexican miners
(Reuters) – Global commodities trader Trafigura Group on Wednesday said it is piloting a sustainable supply chain finance program with eFactor Network for mining companies …
Exclusive: Barclays turbocharges 2030 sustainable finance target to $1 trln
By Simon Jessop and Lawrence White LONDON (Reuters) – British investment bank Barclays has increased its sustainable and transition finance target to $1 trillion by …
Explainer-How will new Indonesian finance laws change the central bank?
By Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s parliament is expected to pass a bill this week that will allow former politicians to head Bank Indonesia …
Israel economy to grow lower than expected 3% in 2023 -finance ministry
By Steven Scheer JERUSALEM (Reuters) – Israel’s economic growth is set to slow sharply to 3% in 2023 after rapid expansion in the prior two …
China central bank calls for green finance regulation to be strengthened
By Selena Li HONG KONG (Reuters) – China’s central bank on Saturday warned that climate change and a global move to a low-carbon economy posed …
Lula taps close ally as Brazil’s next finance minister
By Anthony Boadle BRASILIA (Reuters) – When Brazilian President-elect Luiz Inacio Lula da Silva was barred from running for office four years ago, he turned …
Explainer-How Britain is exploiting Brexit to reform finance?
By Huw Jones LONDON (Reuters) – Britain proposed over 30 reforms on Friday to bolster the City of London’s role as a global financial centre, …
UK’s Hunt: finance reforms won’t repeat pre-2008 mistakes
LONDON (Reuters) – British finance minister Jeremy Hunt said the financial services reforms he announced on Friday would not lead to a repeat of the …
Russia might raise taxes in high-margin resource sectors -Finance Minister
(Reuters) – Russia’s finance ministry will analyse whether there is potential to increase taxes in resource sectors of the economy where there are high margins, …
Britain reforms finance to exploit Brexit and ‘turbocharge’ growth
By Huw Jones LONDON (Reuters) – Britain set out 30 measures to overhaul the financial sector on Friday, including a repeal of ‘burdensome’ EU rules …
Ghana hoping for IMF agreement by next week: finance ministry official
By Cooper Inveen and Christian Akorlie ACCRA (Reuters) – Ghana’s economic recovery efforts could be delayed and complicated if a visiting team from the International …
China’s economy will keep growing at reasonable speed: finance minister
BEIJING (Reuters) – China’s economy will keep growing at a reasonable speed with stable employment and prices, finance minister Liu Kun said in a speech …
Colombia could be open to buying Venezuela’s Monomeros -Finance Minister
BOGOTA (Reuters) – Colombia could be open to buying Venezuelan fertilizer maker Monomeros, Finance Minister Jose Antonio Ocampo said on Wednesday, at a time when …
Thai economy may miss forecast next year as global growth slows -Finance Minister
BANGKOK (Reuters) – Thailand’s economy may not reach a forecast growth of 3.8% next year due to a global economic slowdown, but this year’s outlook …
German finance minister expects higher debt burden but no tax rises
BERLIN (Reuters) – Germany’s Finance Minister Christian Lindner said on Monday he expects the country’s debt to GDP ratio to climb to around 70% after …
BOJ to conduct annual survey on climate finance to nurture ESG market
By Leika Kihara TOKYO (Reuters) – Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said on Sunday the central bank will conduct a survey annually …
German budget for 2024 will be more challenging than for 2023 – Finance Minister
BERLIN (Reuters) – Germany’s budget margins will get tighter in the next couple of years, Finance Minister Christian Lindner said on Friday. “The 2024 budget …
German Finance Minister: need stability and growth for sustainable public finances
PARIS (Reuters) – Economic stability and growth are both crucial for delivering sustainable public finances, German Finance Minister Christian Lindner told a news conference ahead …
Ghana at high risk of debt distress, finance minister says
By Christian Akorlie and Cooper Inveen ACCRA (Reuters) – Ghana will freeze the hiring of public and civil servants and extend a moratorium on government …
Indonesian household spending seen stable, investment to rise in Q4 – Finance Minister
JAKARTA (Reuters) – Indonesian household spending will likely remain stable in the fourth quarter, while investment will probably rise, Finance Minister Sri Mulyani Indrawati said …
New Zealand well-placed to weather tough 2023 – finance minister
By Lewis Jackson SYDNEY (Reuters) -New Zealand Finance Minister Grant Robertson said the world economy faced a “year of reckoning” in 2023 but the small …
State Senator Brian Kelsey Pleads Guilty To Campaign Finance Charges
NASHVILLE – Tennessee State Senator Brian Kelsey pleaded guilty today to violating campaign finance laws and conspiring to defraud the Federal Election Commission (FEC) as …
German finance minister: must talk about fiscal stimulus for 2024 budget
BERLIN (Reuters) – The German government needs to talk about fiscal measures for the 2024 budget to stimulate the economy, Finance Minister Christian Lindner said …
Japan finance minister calls for permanent funding sources for defense budget
TOKYO (Reuters) – Japan must secure permanent financing sources to increase defense spending by reviewing revenue and expenditure, and further reform spending in coming years, …
Japan finance minister urges swift adoption of more spending measures
By Tetsushi Kajimoto TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki vowed on Monday to guide economic and fiscal policy in a “responsible” manner, as …
Colombia finance minister opens door to international financing
BOGOTA (Reuters) – Colombia Finance Minister Jose Antonio Ocampo on Thursday opened the door to possible financing in international markets for the Andean country, if …
Portugal’s finance minister backs planned EU debt rule flexibility
By Sergio Goncalves and Aislinn Laing LISBON (Reuters) – Portugal’s finance minister has backed the European Commission’s proposal to change the EU’s fiscal rules to …