New Jersey Democrats Approve Bill to Punish Towns Fighting Affordable Housing By Withholding State Grants and Financial Aid
NJ lawmakers give housing-compliant towns first shot at state grants Trenton, NJ – New Jersey’s Democrat lawmakers are making their point clear to municipalities across the state: build high density affordable housing,…
IMF assures it will support Ukraine -Ukraine’s finance ministry
– The International Monetary Fund has assured Ukraine of its support by all possible means, Ukraine’s finance ministry said on Saturday. The ministry said in a Twitter post that talks on instruments…
Cutting Russia off from SWIFT a “matter of days” -euro zone central banker
PARIS – A decision to cut Russia off from the global SWIFT payment system will be taken in a matter of days, the governor of a central bank within the euro zone…
West moves closer to cutting Russia’s SWIFT access, says Lithuania
VILNIUS – Western partners are moving closer to halting Russia’s access to the SWIFT global interbank payments system, Lithuanian Prime Minister Ingrida Simonyte said on Saturday. “Our goal is that the decision…
Macron tells French farmers: Ukraine war will weigh on you, and it will last
PARIS – The war in Ukraine, and heavy sanctions Western powers have taken against Russia, will have long-lasting and serious consequences for the French farming sector, the European Union’s biggest, French President…
U.S. issues new general license on Afghanistan financial transactions – U.S. officials
WASHINGTON – The U.S. Treasury on Friday issued a new general license allowing international aid organizations and private firms to conduct commercial and financial transactions with Afghan government institutions. The new license…
Venture Global to ship first fuel from new Louisiana LNG plant
By Marcy de Luna HOUSTON – A liquefied natural gas tanker that has been docked at Venture Global’s Calcasieu Pass export terminal in Louisiana since early February is nearly loaded, according to…
Irish insurers’ group offers to open up data platform in EU antitrust case
By Foo Yun Chee BRUSSELS – Irish insurers’ association Insurance Ireland has offered to open up its data sharing platform to non-members and apply fair criteria to access it in an attempt…
Eastbound gas supplies via Yamal – Europe route stop, bids for west flows appear
MOSCOW – Eastbound gas supplies from Germany to Poland via the Yamal – Europe pipeline stopped on Friday, while preliminary bids have emerged for gas flows to the west, data from the…
Greece sees no disruption in gas flows, suppliers line up cargoes -minister
ATHENS – Gas flows to Greece are smooth and Greek gas suppliers have lined up additional gas cargoes if needed, Energy Minister Kostas Skrekas said on Friday, a day after Russia invaded…
Russia to widen trade, economic ties with Asia after Western sanctions
MOSCOW – Russia’s economy ministry on Friday said it was working on measures to minimise the effect of Western sanctions imposed after Russia’s invasion of Ukraine and would be stepping up trade…
China to expand wealth management pilot scheme for retirement savers – regulator
SHANGHAI – China will from March 1 expand a pilot scheme developing wealth management products aimed at retail investors looking to boost their retirement savings to more cities including Beijing and Shanghai,…
German storms cause insurers losses of $1.6 billion
BERLIN – German insurers will have to pay around 1.4 billion euros ($1.57 billion) for nearly a million property units damaged in winter storms that swept across large parts of the country…
Rightmove forecasts strong housing market after 2021 profit surge
– British real-estate portal Rightmove said on Friday it expects transaction levels to return to pre-pandemic levels this year, dispelling concerns about a slowdown driven by rising inflation and a higher cost…
Lending to Swedish households up 6.7 pct in January
STOCKHOLM, Feb 25 – Total lending to Swedish households rose 6.7 percent year-on-year in January, down from plus 6.8 percent in the previous month, the statistics office said on Friday. (Reporting by…
Germany suspends Hermes export credit guarantees for Russia – Handelsblatt
BERLIN – Germany is making it more difficult for companies to do business with Russia by suspending Hermes credit guarantees for exports, daily Handelsblatt reported on Friday, citing the economy ministry. “The…
Lyft offers Ukraine staff financial support for moves, supplies
– Ride-hailing app provider Lyft Inc said on Thursday it is offering its employees in Ukraine financial support for emergency supplies or to temporarily move, along with increased time off, amid a…
Ukraine urges countries to cut Russia off from SWIFT payments system
KYIV – Ukraine’s foreign minister on Thursday urged countries to ban Russia from the SWIFT global interbank payments system – one of the toughest non-military sanctions the West could impose – to…
Polish PGNiG says gas deliveries from east remain uninterrupted
WARSAW – Deliveries of natural gas that Poland receives via its eastern border remain uninterrupted, Polish dominant gas company PGNiG said on Thursday after Russia’s invasion of Ukraine. Under a long term…
EU’s new sanctions on Russia will target industry, export controls – diplomat
BRUSSELS – The European Union will impose new sanctions on Russia targeting industry, financial sectors and export controls over Moscow’s invasion of Ukraine, an EU diplomat said on Thursday. “We want the…
Russian budget has extra $53 billion in free funds, pledges financial stability
MOSCOW – Russian government has over 4.5 trillion roubles ($53 billion) of freely available budget funds and has enough resources to secure macroeconomic stability and support companies hit by sanctions, it said.…
Wintershall Dea: Today not a day to discuss financial results
BERLIN – Wintershall Dea, one of the co-funders of Gazprom’s Nord Stream 2 pipeline, cancelled a news conference to discuss its yearly financial results, citing concerns over Russia’s attack on Ukraine. “In…
Ukraine’s energy infrastructure has not been damaged, Naftogas says
MOSCOW – Ukrainian energy firm Naftogas said on Thursday that the country’s energy infrastructure has not been the subject of systemic shelling and the “situation is under control” following Russia’s attack on…
Swedish Debt Office says bigger surplus reduces borrowing needs
STOCKHOLM – Sweden’s Debt Office said on Thursday that strong growth would lead to better government finances and lower the borrowing requirement meaning it would cut the supply of government debt. “The…
Hungary central bank raises one-week deposit rate by 30 bps to 4.6%
BUDAPEST – Hungary’s central bank raised its one-week deposit rate by 30 basis points to 4.6% at a weekly tender on Thursday, as expected, two days after it raised its base rate…
Adecco does not expect Ukraine invasion to derail economic upswing
ZURICH – Staffing group Adecco does not expect the Russian invasion of Ukraine to derail the global economic upswing, Chief Financial Officer Coram Williams told Reuters on Thursday. “What is happening is…
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