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…
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 important as the global economy stands at…
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 on oil and gas revenues, Finance Minister…
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 and easing power shortages, Finance Minister Mthuli…
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 Monday. “Inflation is a tough beast,” said…
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 closer cooperation in economic policy that has…
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 $3 billion in eurobonds, the ministry of…
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 dollars, and could tap traditional credit markets…
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 Der Spiegel reported on Friday. With the…
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 is rolling out the red carpet to…
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 published on Saturday. The Swiss parliament is…
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 sector, Finance Minister Magnus Brunner said in…
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 to DeSantis said on Thursday. The selection…
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 that may add weight to expectations the…
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 COVID-19 pandemic as global financial giants seek…
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 minister, a presidential statement said, as the…
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 will move steadily on implementing preferential tax…
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. criminal charges, which include conspiring to violate…
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 and fintechs, along with improved regulation, the…
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 the exit for now, France’s corporate treasury…
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 hit from them being written down to…
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 decided to step down. Ferguson’s exit was…
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 take over the role. Pasterick was key…
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 a meeting with chiefs of state-run banks…
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 the United States. The government, however, was…
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 that the immediate liquidity risk has been…
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