Pakistan slashes fuel subsidies in bid to control fiscal deficit – finance minister
KARACHI, Pakistan – Pakistan will slash fuel subsidies for a second time in a week in a bid to control the fiscal deficit and secure …
Minister
Turkish finance minister says economy grew 7% in first quarter
ISTANBUL – Turkish Finance Minister Nureddin Nebati said on Monday that preliminary indicators show the economy grew at a 7% pace in the first quarter …
Trinidad and Tobago in talks with Quanten LLC for refinery sale -minister
PORT OF SPAIN – Trinidad and Tobago is in talks with U.S.-based Quanten LLC for the sale of the country’s refinery, Energy Minister Stuart Young …
EU unity on Russian sanctions ‘starting to crumble’, German minister says
BERLIN – German Economy Minister Robert Habeck on Sunday expressed fears that the European Union’s unity was “starting to crumble” ahead of a summit to …
Nepal expects 5.8% growth as COVID-19 cases fall – minister
By Gopal Sharma KATHMANDU – Nepal’s economy is expected to expand by 5.8% in the current financial year ending mid-July, helped by a pick-up in …
Russia working on new mechanism to service foreign debt – finance minister
(Reuters) – Russia will prepare a settlement mechanism before June payouts that will allow it to service its dollar-denominated foreign debt, Finance Minister Anton Siluanov …
Russia will continue to service external debt in roubles, minister says
(Reuters) – Russia will keep on paying its state Eurobond obligations in roubles and will defend its role as a reliable borrower by all possible …
Incoming Philippine Finance Minister does not favour tax hikes to tackle debt
MANILA – Philippine central bank governor Benjamin Diokno, who takes on a new role as finance secretary next month, said on Friday he does not …
Nigeria finance minister: low oil output barely enough to cover petrol imports
By Dan Burns DAVOS, Switzerland – Low crude oil production means Nigeria is barely able to cover the cost of imported petrol from its oil …
Swiss consumers don’t need govt help to cope with inflation -finance minister
ZURICH – Swiss Finance Minister Ueli Maurer ruled out government support for consumers hit by high energy prices and said budget cuts may be needed …
Saudi foreign minister does not expect immediate global oil shortage
DAVOS, Switzerland – Saudi Arabia does not expect an immediate shortage of oil and only a certain shortage of oil products, the country’s foreign minister …
Full cost of rebuilding Ukraine impossible to quantify, says German Finance Minister
BERLIN – German Finance Minister Christian Lindner said on Tuesday it was impossible to say how much it would cost to rebuild Ukraine as long …
Greece gets EU’s initial nod to cap power prices – minister
ATHENS – Greece said on Monday the European Commission has initially approved its scheme to set a ceiling on wholesale electricity prices and mitigate the …
Indonesia has no plan to reduce palm oil in biodiesel mix – minister
By Divya Chowdhury DAVOS, Switzerland – Indonesia has no plans to reduce the percentage of palm oil in biodiesel below its current level of 30% …
Saudi finance minister says no immediate plans to transfer more funds to PIF
By Yousef Saba and Saeed Azhar DUBAI – Saudi Arabia’s finance minister said on Monday there were no immediate plans to transfer more funds to …
Russia’s Avtovaz names ex-transport minister as CEO after Renault exit
(Reuters) – Russia’s top carmaker Avtovaz said on Monday it had appointed former transport minister Maxim Sokolov as its new president and CEO after its …
Inflation picture is concerning, British junior finance minister says
LONDON – The inflation picture is hugely concerning but the British government has confidence in the Bank of England to get it right, Chief Secretary …
Australian prime minister concedes defeat in election
SYDNEY – Australian Prime Minister Scott Morrison said he had conceded defeat in a national election on Saturday, saying that while vote counting was incomplete …
Egypt expects Suez Canal revenues to hit $7 billion by end of fiscal year – minister
CAIRO – Egypt expects the Suez Canal’s revenues to reach about $7 billion by the end of the current fiscal year, finance minister Mohamed Maait …
G7 determined to halt rise in inflation – German finance minister
KOENIGSWINTER, Germany – The Group of Seven economic powers are determined to stop the rise in inflation, German Finance Minister Christian Lindner said on Friday …
Pakistan bans imports of all non-essential luxury goods – minister
KARACHI, Pakistan – Pakistan has banned the import of all non-essential luxury goods in a bid to stabilize the economy, the information minister said on …
Russian economy minister sees further slowdown in inflation
(Reuters) – Russia’s economy has shown resilience to Western sanctions, Economy Minister Maxim Reshetnikov said on Wednesday, expressing confidence that inflation in Russia will slow …
Hungary looks to boost domestic ownership in more key sectors -minister
BUDAPEST – Hungary should boost domestic ownership in more key sectors in addition to banking, media and energy, a cabinet minister-designate said on Wednesday, signalling …
Companies should be incentivised to make green investments – UK trade minister
LONDON – Companies need to be incentivised and pushed to make green investments, British trade minister Anne-Marie Trevelyan said on Wednesday. “We need to do …
Slovak finance minister sets up battle with proposed tax on Russian oil processing
(Reuters) – Slovak Finance Minister Igor Matovic said on Tuesday he would propose a special tax on Russian crude processed in the country, clashing with …
Ukraine removes fuel price restrictions to increase supply – economy minister
KYIV – Ukraine’s government has lifted restrictions on fuel prices to enable traders to import more and make up the shortage Ukraine is experiencing after …
Thai growth outlook good despite planning agency’s downgrade – Finance Minister
By Kitiphong Thaichareon BANGKOK – Thailand’s finance minister said on Tuesday this year’s economic outlook was still good despite the state planning agency’s downgrade of …
Malaysia foreign minister meets counterpart from Myanmar shadow govt in Washington
KUALA LUMPUR – Malaysia Foreign Minister Saifuddin Abdullah met his counterpart from Myanmar’s National Unity Government (NUG), a shadow administration outlawed by the ruling military …
New Zealand Prime Minister Jacinda Ardern tests positive for COVID
(Reuters) – New Zealand Prime Minister Jacinda Ardern tested positive for COVID-19 with moderate symptoms, her office said in a statement on Saturday. She will …
Yellen to meet Polish prime minister at start of trip to G7 finance meeting
By David Lawder WASHINGTON – U.S. Treasury Secretary Janet Yellen will meet with Polish Prime Minister Mateusz Morawiecki on Monday to discuss how Russia’s invasion …
Exclusive-War forces Ukraine to divert $8.3 billion to military spending, tax revenue drops – minister
By Natalia Zinets KYIV – Ukraine has been forced to spend 245.1 billion hryvnia ($8.3 billion) on its war with Russia instead of development, the …
Russia names deputy economy minister Galkin as new statistics chief
(Reuters) – The Russian government on Wednesday appointed deputy economy minister Sergei Galkin as the new head of the Rosstat statistics service. Pavel Malkov, the …
Indonesian president plans to meet Elon Musk over nickel -minister
JAKARTA – Indonesian President Joko Widodo is planning to meet Elon Musk during an upcoming U.S. visit, a minister said on Monday, as the Southeast …
Australia, Solomon Island’s Foreign Minister meet for first time since pact signed
By Lucy Craymer WELLINGTON – Australian Foreign Minister Marise Payne said she met her Solomon Islands counterpart Jeremiah Manele for the first time since his …
Exclusive-Guyana in ‘no rush’ to draft new oil production-sharing pact -minister
By Marianna Parraga HOUSTON – Guyana is in “no rush” to draft a new production sharing agreement (PSA) for offshore oil development, its Natural Resources …
Canada in ‘active discussions’ with EV supply chain companies – minister
By Steve Scherer OTTAWA – Canada is talking to a number of companies interested in setting up production in the electric vehicle (EV) supply chain, …
Disinformation And Wizard Rock: Meet Biden’s New ‘Minister Of Truth’ At DHS
Disinformation And Wizard Rock: Meet Biden’s New ‘Minister Of Truth’ At DHS Jennie Taer on May 1, 2022 Nina Jankowicz, the Biden administration’s choice to …
Finland almost certainly to apply for NATO membership, says Swedish Foreign Minister
STOCKHOLM – Finland will almost certainly apply for membership in NATO, Sweden’s Foreign Minister Ann Linde told Swedish television on Sunday. Russia’s invasion of Ukraine …
Argentina seeking $10 billion investment to jump-start LNG exports, minister says
By Eliana Raszewski BUENOS AIRES – Argentina, battling a deep and costly energy deficit, is looking to attract some $10 billion in private investment to …
Russia to cover budget deficit with rainy-day fund in 2022, Finance Minister says
(Reuters) – Russia’s National Wealth Fund (NWF), a rainy-day cushion containing oil revenues, will be the main source of financing for a budget deficit seen …
‘Too early’ to say if Poland will seek EU approval for more coal subsidies – minister
By Marek Strzelecki and Kate Abnett WARSAW – It is too early to say if Poland will ask the European Union for approval to extend …
Japan Finance Minister denies reports of talks with U.S. on yen intervention
By Tetsushi Kajimoto and Leika Kihara TOKYO -Japanese Finance Minister Shunichi Suzuki said there was “no truth” to media reports that he had discussed with …
Afghan defence minister says will not tolerate ‘invasions’
KABUL – Afghanistan’s acting defence minister said on Sunday that the Taliban administration would not tolerate “invasions” from its neighours after protesting against airstrikes it …
Japan’s foreign minister promises a stronger military in visit to US carrier
ABOARD USS LINCOLN – Japan’s foreign minister promised his country would bolster its military to help the United States maintain regional security during a visit …
Germany must support Ukraine without endangering its own security – minister
BERLIN – Germany must do everything in its power to help Ukraine win the war against Russia but without endangering its own security and NATO’s …
India wants to be friends with West but needs Russian help to defend borders, says Finance Minister -Bloomberg
MUMBAI – India wants to be strong friends with the “liberal world” but it needs Russia’s assistance to defend its borders, Finance Minister Nirmala Sitharaman …
Energy prices a ‘major concern’ for South Africa -Finance Minister Godongwana
By Rachel Savage and Karin Strohecker LONDON – Energy prices that have soared since Russia’s war in Ukraine are a “major concern” for South Africa’s …
French Finance Minister: we are entering “new era” of higher inflation
PARIS -Inflation will be high in 2022 and although the price pressure should progressively ease next year, France and its partner countries are set to …
Yellen tells Indonesian finance minister: ‘No business-as-usual’ for Russia
WASHINGTON – U.S. Treasury Secretary Janet Yellen told her counterpart from Indonesia that there will be no “business-as-usual” for Russia in the global economy given …
New Zealand should spend cautiously, fiscal rules expected – Finance Minister
By Lucy Craymer WELLINGTON – New Zealand’s finance minister said on Tuesday the government should continue to be careful about spending and flagged the introduction …