French Finance Minister: hopes worst will be over in terms of inflation by spring 2023
PARIS (Reuters) – French Finance Minister Bruno Le Maire said he hoped the worst would be over by spring 2023 in terms of inflation, and …
Finance
Boeing to slash nearly 150 finance jobs in U.S
(Reuters) – Planemaker Boeing Co said on Tuesday it plans to cut about 150 finance jobs in the United States this year to simplify its …
ECB’s Panetta seen defying calls to be Italian finance minister – sources
By Giuseppe Fonte and Giselda Vagnoni ROME (Reuters) – ECB board member Fabio Panetta is resisting calls from Giorgia Meloni, the front-runner to be Italy’s …
Japan will act ‘swiftly’ if it intervenes in FX market – Finance Minister
TOKYO (Reuters) – Japanese authorities will act “swiftly without any interruption” if they decide to intervene in the currency market to stem sharp yen falls, …
Mexican finance leaders plan stock exchange reform to stanch exodus
By Carolina Pulice MEXICO CITY (Reuters) – Mexico’s government and financial institutions will propose a bill this month to change current rules, aiming to attract …
Exclusive-Peru economy can grow target-busting 4.3% next year, finance minister says
By Marcelo Rochabrun and Marco Aquino LIMA (Reuters) – Peru can achieve economic growth of 4.3% in 2023, beating official forecasts that are already optimistic, …
German finance minister damps speculation of sale Commerzbank stake
FRANKFURT (Reuters) – German finance minister Christian Lindner on Thursday sought to damp speculation about the government’s stake in Commerzbank that it acquired during a …
New finance minister Kwarteng gives UK PM Truss key ally in economic storm
By Alistair Smout, Elizabeth Piper and Sinead Cruise LONDON (Reuters) – In Kwasi Kwarteng, Prime Minister Liz Truss has picked an ideological ally as Britain’s …
Zambia not to pay euro bond due in September – Finance Minister
LUSAKA (Reuters) -Zambia will not be paying its $750 million euro bond due in September until new terms of payment are agreed between the government …
Pakistan Finance Minister expects economy to grow more than 3.5% this FY – Bloomberg News
(Reuters) – Pakistan Finance Minister Miftah Ismail expects the economy to grow more than 3.5% for the fiscal year that started in July, Bloomberg News …
G7 finance ministers agree to Russian oil price cap
BERLIN (Reuters) – The Group of Seven (G7) finance ministers plan to implement a price cap on Russian-origin crude oil and petroleum products, they confirmed …
Zambia debt relief to mix haircuts, maturity extensions – Finance Minister official
By Chris Mfula LUSAKA (Reuters) – Zambia’s debt restructuring will be a mixture of haircuts to loans’ original value and maturity extensions, a senior Zambian …
Colombia government will seek to raise 2023 budget by $2.28 billion, says finance minister
BOGOTA (Reuters) – Colombia’s leftist government will ask lawmakers to increase the 2023 budget by 10 trillion pesos ($2.28 billion) so it can up spending …
Hungary could finance Vodafone purchase with a loan
BUDAPEST (Reuters) – Hungary could finance the acquisition of a 49% stake in the Hungarian business of Britain’s Vodafone from a loan, Prime Minister Viktor …
Ethiopia expects IMF visit in September – Finance Minister official
LONDON (Reuters) – Ethiopia expects an IMF mission to visit in September, following a visit by the Fund three months ago, a finance ministry official …
EXCLUSIVE: NY Dem Accused Of Committing Campaign Finance Violations Prior To Special Election
EXCLUSIVE: NY Dem Accused Of Committing Campaign Finance Violations Prior To Special Election Carl DeMarco on August 22, 2022 An official complaint has been filed …
Czech windfall tax would affect energy, banks and maybe another sector -finance minister
PRAGUE (Reuters) – The Czech government will decide in three weeks whether to impose a windfall tax on large energy companies and banks and may …
S.Korea finance ministry warns growth may slow, exports face growing downside risks
SEOUL (Reuters) – South Korea’s finance ministry on Friday warned economic growth could slow on increasing downside risks for exports. “It is concerning that economic …
Swedish economic growth set to slow significantly – finance minister
STOCKHOLM (Reuters) – Swedish economic growth is expected to slow significantly during the second half of the year as high inflation hampers economic activity, Sweden’s …
Former Indiana State Senator and an Indianapolis Casino Executive Sentenced to Federal Prison for Criminal Election Finance Schemes
INDIANAPOLIS – Darryl Brent Waltz, 48, of Greenwood, Indiana, and John Keeler, 72, of Indianapolis, were each sentenced today for devising and participating in election …
Caribbean nations should push for climate finance at COP27, Bahamas PM says
By Jasper Ward NASSAU (Reuters) – Caribbean countries should pressure developed nations to provide more financing to mitigate the effects of climate change at the …
Germany’s finance minister says he opposes taxing ‘excessive’ profits
BERLIN – Germany should not tax “excessive” company profits earned amid an economic and energy crisis as that would interfere with market forces, the finance …
Senate Finance Committee looks at Amgen taxes, widening drugmaker probe
By Michael Erman NEW YORK – The U.S. Senate Finance Committee is widening its investigation into the tax practices of U.S. drugmakers to include Amgen …
Colombia to ‘radically diversify’ exports, says new finance minister
By Nelson Bocanegra CARTAGENA – Colombia will prioritize the diversification of its exports to reduce its dependence on oil, gas and mining and combat its …
Thailand foreign tourist arrivals to reach 10 million this year – Finance Minister
BANGKOK – Thailand’s foreign tourist arrivals should reach 10 million this year, helping drive the economy along with increased exports, the finance minister said on …
German finance minister draws up 14 billion eur relief plan – Spiegel
BERLIN – German Finance Minister Christian Lindner plans a 10.1 billion euro ($10.29 billion) relief package to help taxpayers in 2023 which he is set …
Japanese finance minister frets about ‘hectic’ yen swings
By Tetsushi Kajimoto TOKYO – Japanese Finance Minister Shunichi Suzuki on Tuesday reiterated the need for currencies to move stably reflecting fundamentals, describing recent yen …
Pakistan imports fall sharply in July, to help rupee stabilise – finance minister
ISLAMABAD – Pakistan imports fell by more than a third in July after a ban on non-essentials, the finance minister said on Sunday, adding the …
Sri Lanka resumes bailout discussions with IMF, finance ministry says
NEW DELHI – Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout after a new government took office, the …
Colombia’s next finance minister says rate rises have limited impact on inflation
BOGOTA – Interest rate hikes have a limited capacity to rein in accelerating inflation because supply issues are one of the key drivers of consumer …
U.S. consumer watchdog to scrutinize crypto payments, Big Tech moves into finance -director
By Katanga Johnson and Michelle Price WASHINGTON – The top U.S. consumer watchdog plans to scrutinize the use of cryptocurrencies for real-time payments and ramp …
Alpha Bank to sell bad loan portfolio to Hoist Finance
ATHENS – Alpha Bank, one of Greece’s four largest lenders, said on Friday it signed a binding agreement to sell a 400 million euro ($407 …
New UK finance minister targets inflation, ‘sound finances’
By David Milliken LONDON – Britain’s government must focus on sound public finances and avoid further fuelling inflation by pumping up demand, new finance minister …
Former Municipal Director of Finance Pleads Guilty to Misappropriation of $2.5 Million
SAN JUAN, Puerto Rico – Defendant Victor Cruz-Quintero pleaded guilty before United States Magistrate Judge Marcos E. López to one count of misappropriation of government …
Russia to block sale of foreign banks’ Russian subsidiaries -Ifax cites finance ministry
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW – Russia will block the sale of …
Japan finance minister warns vs speculative moves behind rapid yen weakening
By Tetsushi Kajimoto TOKYO -Japanese Finance Minister Shunichi Suzuki warned on Friday against “speculative moves” seen behind a rapid yen weakening, using the strongest wording …
G20 finance chair warns on risks to poor countries if no consensus
NUSA DUA, Indonesia – Indonesian Finance Minister Sri Mulyani Indrawati said on Friday failure by G20 finance chiefs meeting in Bali to reach consensus could …
El Salvador finance minister says possible IMF deal no panacea
SAN SALVADOR – Salvadoran Finance Minister Alejandro Zelaya minimized on Thursday the potential positive impact of a long-delayed deal with the International Monetary Fund, even …
Philippines Finance Minister says economy robust enough to absorb aggressive rate hike
MANILA – The Philippine economy continues to be robust to absorb the 75 basis points increase in the central bank’s benchmark interest rates, given an …
KKR’s first asset-based finance fund raises $2.1 billion
(Reuters) – Global Investment firm KKR & Co Inc on Wednesday closed its first asset-backed finance fund with about $2.1 billion from investors who are …
Euro zone finance ministers fail again to name new bailout fund head
BRUSSELS – After several months of attempts, euro zone finance ministers failed again on Monday to choose a new head of the bloc’s bailout fund, …
‘Chilling’ use of security law threatening Hong Kong’s finance hub status, says U.S. envoy
HONG KONG – The top U.S. diplomat in Hong Kong on Monday urged China to ease political pressure on the city, warning that the “crude …
Senate Finance report says AbbVie shifted profit overseas to cut taxes
By Michael Erman (Reuters) – Drugmaker AbbVie Inc generates most of its sales in the United States, while shifting most of its profits overseas in …
Israel finance ministry trims GDP forecasts but sees surge in tax income
By Steven Scheer JERUSALEM -Israel is on track to collect 45.5 billion shekels ($13 billion) more than initially expected in revenue in 2022, the Finance …
UK ministers, including new Finance Minister, to tell Johnson to go-reports
LONDON -A group of cabinet ministers are about to tell Prime Minister Boris Johnson to quit, including the man who has just been appointed as …
Lebanon recovery plan held up by changes from PM – top finance lawmaker
By Timour Azhari and Maya Gebeily BEIRUT – Lebanon’s top finance lawmaker said prime minister designate Najib Mikati had verbally proposed “very serious” changes to …
Tokyo, City of London seek to deepen collaboration on sustainable finance
TOKYO – Tokyo aims to deepen its ties with the City of London by promoting financial collaboration and exchanging information, while promoting the push towards …
Lev Parnas Sentenced To 20 Months In Prison For Campaign Finance, Wire Fraud, And False Statements Offenses
Damian Williams, the United States Attorney for the Southern District of New York, announced that LEV PARNAS was sentenced today in Manhattan federal court by …
Factbox-Major finance milestones as Hong Kong marks 25 years since handover
HONG KONG – Hong Kong returned to China in 1997 after 156 years of British colonial rule. Here are some major milestones for the city’s …
Czech finance minister seeks to keep 2022 budget deficit below $14.1 billion
PRAGUE – Czech Finance Minister Zbynek Stanjura said on Sunday he wanted to keep the 2022 state deficit from rising above 330 billion crowns ($14.1 …