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…
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 demand, but an official said exports would…
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 Chevron Corp announced it would triple its…
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 Christian Lindner said, while ruling out using…
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 Minister Christian Lindner was quoted as saying…
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 the government maintain fiscal discipline. Suzuki made…
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 Diversity and Inclusion, however a recent overview…
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 Geneva beginning on Jan. 9, a spokesperson…
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 bonds to spur the economy, state media…
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 product note. The issue, which also has…
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 beyond, but believes high energy prices will…
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 to 60% as it restructures its rainy-day…
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’ economies, the finance ministry said on Thursday.…
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 climate change and social inequality faced organised…
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 Monday. The non-oil sector has grown by…
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 the defrauding of the school to divert…
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, Finance Minister Enoch Godongwana told reporters. “There…
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 already light trade and forcing regulators to…
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 2-3 years if raw material prices normalise,…
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 take measures for the markets to further…
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 in Mexico. “Trafigura’s suppliers of metal concentrates…
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 2030 as part of efforts to accelerate…
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 (BI), the central bank, and expand its…
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 years, the Finance Ministry said on Monday…
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 risks for domestic financial institutions and said…
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 to one of his most trusted allies…
Breaking News
