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…
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 economic activity following a fall in COVID-19…
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 said in a TV interview aired on…
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 means, Finance Minister Anton Siluanov said on…
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 favour raising taxes even as the incoming…
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 and gas revenue, Finance Minister Zainab Ahmed…
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 because the government would not raise taxes…
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 Prince Faisal bin Farhan Al Saud said…
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 as fighting with Russia continues, amid European…
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 impact of soaring energy costs on households…
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% in order to ensure the country’s energy…
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 the Public Investment Fund (PIF), the sovereign…
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 main shareholder Renault withdrew from the Russian…
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 to the Treasury Simon Clarke said on…
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 the opposition Labor party looked likely to…
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 said on Saturday. Tourism revenues are expected…
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 after hosting a meeting with his G7…
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 Thursday, describing the situation as an economic…
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 down further. Russia has withstood the first…
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 more pressure on foreign companies to scale…
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 all we can to both incentivise and…
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 a government coalition partner as he seeks…
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 Russian forces destroyed many storage facilities and…
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 its growth forecast, adding he also hoped…
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 junta, in the group’s first open engagement…
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 not be in parliament for the government’s…
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