US sanctions ally of Israeli minister, entities backing ‘extremist’ settlers
By Simon Lewis WASHINGTON (Reuters) -The United States on Friday imposed sanctions on an ally of Israel’s far-right national security minister and two entities that raised money for Israeli men accused of…
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 Nadhim Zahawi is due to say in…
French public figures accuse new minister of homophobic comments
PARIS – More than 100 French public figures have signed an open letter denouncing what they said were homophobic remarks by a recently appointed government minister. Caroline Cayeux, appointed minister for territorial…
OPEC+ will assess oil market and do what is necessary, say Saudi foreign minister
JEDDAH, Saudi Arabia – Saudi Arabia’s foreign minister said a U.S.-Arab summit on Saturday did not discuss oil and that OPEC+ would continue to assess market conditions and do what is necessary.…
Russia not interested in nationalising foreign enterprises, says minister
(Reuters) -Moscow is not interested in nationalising foreign-owned enterprises operating in Russia, Trade and Industry Minister Denis Manturov said on Friday, in comments likely to provide only limited reassurance to Western businesses.…
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 to the day as the yen weakened…
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 as the highly indebted country stares down…
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 expansion in economic activity early this year,…
Ex-finance minister Sunak vows to tackle inflation in pitch to be UK PM
LONDON – Former finance minister Rishi Sunak will set out his stall to be Britain’s next prime minister on Tuesday, vowing to tackle soaring inflation before joining his Conservative Party rivals in…
Ecuador affirms deficit target of 2% of GDP despite protests -minister
QUITO – Ecuador is holding firm to its fiscal deficit target for the year of 2% of gross domestic product (GDP), economy minister Pablo Arosemena said on Monday, despite losses to oil…
Sri Lankan Prime Minister To Resign After Protests Over Collapsed Economy
Sri Lankan Prime Minister To Resign After Protests Over Collapsed Economy Micaela Burrow on July 9, 2022 Sri Lanka’s prime minister has agreed to step down after mass protests over the dire…
Sri Lanka prime minister summons emergency party leaders meeting after street unrest
COLOMBO – Sri Lanka’s Prime Minister on Saturday summoned an emergency meeting of political party leaders after protesters stormed the president’s house in the commercial capital Colombo amid growing anger over the…
China can consider increasing its budget deficits – ex-finance minister
BEIJING – China can consider further deficit spending by the central and local governments, if needed, to finance support for small businesses, a former finance minister said on Saturday. To spur consumption,…
Singapore minister says India needs higher economic growth to create jobs
NEW DELHI – India needs to achieve higher economic growth by focusing on exports and expanding production-linked incentives for more sectors to create more jobs, Singapore’s minister Tharman Shanmugaratnam said on Friday.…
Japanese former prime minister Abe has died -NHK
TOKYO – Japanese former Prime Minister Shinzo Abe has died, public broadcaster NHK said on Friday. Abe, 67, had been delivering a stump speech near a train station in the western city…
Spain expects its economy to continue growing in 2023 – minister
MADRID – Spain’s government expects the Spanish economy to continue growing next year despite the impact of rising inflation and the war in Ukraine, Finance Minister Nadia Calvino said in a radio…
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 the new finance minister, media reports said…
Russian minister says ‘parallel imports’ scheme is working
MOSCOW – A parallel import mechanism that allows Russia to circumvent some supply restrictions is working, news agencies cited Industry and Trade Minister Denis Manturov as saying on Monday, as Russia tweaked…
Argentina economy minister, IMF deal architect, quits as government crisis builds
By Jorge Otaola BUENOS AIRES -Argentina’s economy minister Martin Guzman, the architect of a recent major debt deal with the International Monetary Fund (IMF), resigned on Saturday as deep splits emerged in…
Hungary targets deal on EU development funds by autumn – minister
BUDAPEST – Hungary expects to sign an agreement with the European Union by the autumn over 22 billion euros ($23 billion) of development funds under the bloc’s 2021-2027 budget, the country’s economic…
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 billion) in a budget amendment being worked…
German economy minister warns of industry shutdown amid gas shortage -Spiegel
BERLIN -Germany is heading for a gas shortage if Russian gas supplies remain as low as they are now, and certain industries would have to be shut down if there is not…
Japan Finance Minister says to respond to FX moves appropriately if necessary
TOKYO -Japanese Finance Minister Shunichi Suzuki said on Tuesday he was concerned about recent sharp yen weakening and would appropriately respond to exchange market moves if necessary, repeating a warning as the…
UK minister warns public sector workers not to expect above-inflation pay rises
LONDON – The British government needs to be sensible about public sector pay, junior treasury minister Simon Clarke said on Monday, warning that above-inflation rises would only worsen general inflation that is…
Germany’s debt interest payments could soar next year, finance minister warns – newspaper
BERLIN – Finance Minister Christian Lindner warned that interest charges on Germany’s public debt could reach 30 billion euros next year due to rising interest rates and growing debt levels, adding that…
Canada’s finance minister says ‘soft landing’ not guaranteed as rates rise
OTTAWA – Canadian Finance Minister Chrystia Freeland expressed confidence on Thursday in the Bank of Canada’s ability to rein in surging inflation and keep price gains from becoming entrenched, but said there…
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