Analysis-Investors expand footprint in commodity trade finance as banks retreat
By Julia Payne, Pratima Desai and Peter Hobson LONDON (Reuters) – Hedge funds have stepped up financing of trade in commodities such as oil, gas, …
Finance
Spain’s GDP growth likely to top government outlook of 4.4%, finance minister says
MADRID (Reuters) – Spanish Economy Minister Nadia Calvino on Monday said “everything points out” that the country’s gross domestic product in 2022 will grow above …
Ghana president sacks junior finance minister over alleged impropriety
ACCRA (Reuters) -Ghana’s President Nana Akufo-Addo has sacked Charles Adu Boahen, the minister of state for finance, the presidency said on Monday after allegations of …
Philippine govt to address supply bottlenecks to tame inflation – Finance Minister
MANILA (Reuters) – The Philippine government will help ensure inflation will be on target-consistent path over the medium term by addressing supply shocks and bottlenecks, …
Swedish economy heading for ‘tough winter’, new finance minister says
By Johan Ahlander and Anna Ringstrom STOCKHOLM (Reuters) -The Swedish economy is heading into a recession next year, driven by rampant inflation and the war …
Mexico’s Q3 economic activity points to 2.4% annual growth -finance ministry
MEXICO CITY (Reuters) – Mexico’s economic activity indicators in the third quarter point to economic growth in line with forecasts of 2.4% annual growth in …
Exclusive-Russia’s finance ministry cuts 2023 taxable oil expectations
MOSCOW (Reuters) – Russia’s finance ministry has significantly cut expectations of taxable oil production for 2023, according to the draft budget for the next three …
Colombia’s finance minister asks central bank to discuss futures markets liquidity
BOGOTA (Reuters) – Colombian Finance Minister Jose Antonio Ocampo has asked the country’s central bank to discuss liquidity in futures markets in its monthly meeting …
Faraday Future names ex-Romeo Power executive as interim finance chief
(Reuters) – Electric vehicle startup Faraday Future Intelligent Electric Inc on Wednesday named Yun Han as its interim finance chief and accounting head, replacing Becky …
UK finance minister Hunt tells Bailey he reaffirms BoE independence
LONDON (Reuters) – British finance minister Jeremy Hunt met Bank of England Governor Andrew Bailey on Tuesday and reaffirmed his commitment to the central bank’s …
UK finance minister Hunt: ‘Time for honesty’ about economic challenges
LONDON (Reuters) – British finance minister Jeremy Hunt said on Monday it was time for “honesty” about the economic challenges facing the country as he …
Fransmart Brand Leaders to Share Secrets to Their Success at Restaurant Finance & Development Conference
Jon taffer, founder of taffer’s tavern The global leader in franchise development is highlighting its impressive roster of restaurant industry experts at the premier financial …
UK finance minister Hunt: We will put public finances on sustainable path
LONDON (Reuters) – British finance minister Jeremy Hunt reiterated on Friday that the government will do “whatever is necessary to get drive down debt in …
Japan’s finance minister vows ‘appropriate steps’ to tackle volatile yen moves
TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Thursday the government will continue to take appropriate steps against excessive currency market volatility. “We …
Nashville Social Club Owner Pleads Guilty To Crime Involving Campaign Finance Scheme
NASHVILLE – A Nashville, Tennessee man pleaded guilty today to violating campaign finance laws to benefit Tennessee State Senator Brian Kelsey’s 2016 campaign for U.S. …
Canada working on measures in response to U.S. inflation act -finance minister
(Reuters) – Canada Finance Minister Chrystia Freeland said on Wednesday the U.S. Inflation Reduction Act impacts Canada and that Ottawa was working on new measures …
Thai growth could reach 3.5% this year, needs gradual rate hikes – Finance Minister
By Orathai Sriring and Chayut Setboonsarng BANGKOK (Reuters) – Thailand should see economic growth of 3.0%-3.5% this year, driven by its key export and tourism …
UK finance minister says will prioritise “help for most vulnerable” as inflation rises
LONDON (Reuters) – British finance minister Jeremy Hunt said on Wednesday that the government will prioritise help for the most vulnerable as latest data showed …
Canada’s CIBC adds former finance minister Morneau to board
(Reuters) – Canadian Imperial Bank of Commerce said on Tuesday the country’s former finance minister, Bill Morneau, will join its board of directors effective Nov …
UK finance minister Hunt reverses most of ‘mini-budget’
LONDON (Reuters) – British finance minister Jeremy Hunt on Monday tore up almost all parts of Prime Minister Liz Truss’s proposed tax cuts, saying the …
Egypt nears staff-level agreement with IMF on terms of its programme -finance minister
(Reuters) -Egypt has finalised a staff-level agreement with the international monetary fund (IMF) on the components of its programme, and will issue an announcement “very …
UK PM Liz Truss is in charge, says her new finance minister
LONDON (Reuters) – British Prime Minister Liz Truss is in charge of the government, her newly appointed finance minister Jeremy Hunt said, rejecting the idea …
Growth push went ‘too far, too fast’, says UK finance minister Hunt
LONDON (Reuters) – Britain’s new finance minister Jeremy Hunt said the government had gone “too far, too fast” in its drive for growth after Prime …
Zambia finance minister eager to renegotiate debt, awaits China’s team
By Jorgelina do Rosario and Rachel Savage WASHINGTON/JOHANNESBURG (Reuters) – Zambia’s finance minister said on Saturday it is still unclear who will be leading talks …
Zimbabwe engaging with World Bank, IMF on clearing IFI debt, says finance minister
JOHANNESBURG (Reuters) – Zimbabwe is engaging with the World Bank and International Monetary Fund on how to clear its debts with international financial institutions, finance …
Zambia in touch with China, other creditors, finance minister says
JOHANNESBURG (Reuters) – Zambia remains in touch with China and all its other creditors as it continues to negotiate a debt restructuring, finance minister Situmbeko …
Global finance leaders single out China as barrier to faster debt relief
By Andrea Shalal and Jorgelina do Rosario WASHINGTON (Reuters) – Western countries this week ratcheted up their criticism of China, the world’s largest bilateral creditor, …
Jeremy Hunt replaces Kwarteng as Britain’s finance minister
LONDON (Reuters) -Former foreign minister Jeremy Hunt has been appointed Britain’s finance minister, Prime Minister Liz Truss’s office said on Friday, following Kwasi Kwarteng’s resignation …
Spanish Finance Minister Calvino says drop in inflation is accelerating
By Andrea Shalal WASHINGTON (Reuters) – Spanish Finance Minister Nadia Calvino welcomed news on Friday that Spain’s inflation rate had dropped below 9%, and said …
Hungarian PM Orban asks finance minister and cbank governor to halve inflation by end-2023
BUDAPEST (Reuters) – Hungarian Prime Minister Viktor Orban said on Friday that he has asked the finance minister and the governor of the central bank …
LatAm ministers call for finance tools to protect against climate disasters
(Reuters) – Finance ministers from across Latin America and the Caribbean on Wednesday called on the Inter-American Development Bank (IDB) to look at new finance …
UK finance minister says growth plan will address challenges as economy shrinks
LONDON (Reuters) – Britain’s finance minister Kwasi Kwarteng said on Wednesday that the government’s growth plan will address the challenges faced by the country after …
IMF warns of slowing growth, rising market risks as finance officials meet
By David Lawder and Pete Schroeder WASHINGTON (Reuters) – The International Monetary Fund warned on Tuesday that colliding pressures from inflation, war-driven energy and food …
Former Colombian finance ministers criticize Petro comments on central bank
By Luis Jaime Acosta BOGOTA (Reuters) – A string of former Colombian finance ministers criticized the Andean country’s President Gustavo Petro on Thursday after he …
China finance ministry to issue an extra 5.5 billion yuan of treasury bonds in Hong Kong
HONG KONG (Reuters) – China’s finance ministry said on Thursday that it will issue an additional 5.5 billion yuan ($773.18 million) worth of yuan-denominated sovereign …
UK finance minister Kwarteng: We are reversing abolition of 45p tax rate
LONDON (Reuters) – British finance minister Kwasi Kwarteng said on Monday the government was reversing its plan to scrap the highest rate of income tax. …
Stanley Black & Decker cuts about 1,000 finance jobs – WSJ
(Reuters) – Power tools maker Stanley Black & Decker has cut 1,000 finance roles this week in an effort to trim costs, the Wall Street …
VW finance chief: “Today is a good day for Porsche and for Volkswagen”
BERLIN (Reuters) – The listing of Porsche AG gives the luxury car maker more entrepreneurial autonomy to implement its strategy and Volkswagen more flexibility in …
Newmont’s finance chief Nancy Buese to step down
(Reuters) – Top gold miner Newmont Corp said on Wednesday chief financial officer Nancy Buese will step down on Nov. 1 and will be succeeded …
Exclusive-Lebanon to slash official exchange rate from Nov. 1, finance min says
By Laila Bassam, Timour Azhari and Tom Perry BEIRUT (Reuters) – Lebanon plans to slash its official exchange rate, replacing the 1,507 per dollar rate …
Russia sets new budget rule, may resume FX interventions this year -Finance Minister
By Darya Korsunskaya MOSCOW (Reuters) – Russia estimates the new cut-off price for its budget rule that diverts excess oil revenues into its wealth fund …
Ghana negotiations with IMF to be fast-tracked : finance minister
By Cooper Inveen ACCRA (Reuters) – Ghana’s negotiations with the International Monetary Fund over a rescue package will be fast-tracked, the country’s Finance Minister Ken …
Fed’s Powell reiterates call for appropriate regulation of digital finance
(Reuters) – Digital financial assets require appropriate regulations to ensure a level playing field and protect consumers, Federal Reserve Chair Jerome Powell said on Tuesday. …
French finance minister: nomination of new boss for energy group EDF is imminent
PARIS (Reuters) -French Finance Minister Bruno Le Maire said the government had chosen the person who would lead state-power group EDF, which is in the …
New Zealand finance minister sees inflation easing but no quick drop
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s finance minister Grant Robertson said on Tuesday that inflation is likely to moderate but it won’t be …
Thai economy improving but household debt a problem – Finance Minister
BANGKOK (Reuters) – Thailand’s economy is improving but the country is facing issues with people’s debt and the government will seek to ease problems in …
Polish inflation could rise in September, finance minister says
WARSAW (Reuters) – Inflation in Poland could rise slightly in September, the country’s finance minister said on Saturday, adding that she still believed it would …
Inflation threatens stability in Germany – finance minister
BERLIN (Reuters) – The German government’s top priority is combatting high inflation, the finance minister said on Thursday during a parliamentary debate on legislation to …
New York still top, Moscow sinks in finance centre ranking
By Huw Jones LONDON (Reuters) – New York remains far and away the world’s most favoured financial centre, with London still second and Singapore overtaking …
Hong Kong finance chief says no sharp risk to property prices
HONG KONG (Reuters) -Hong Kong’s finance chief said on Thursday he does not see a sharp risk to the city’s real estate market nor a …