Tycoon appointed crisis-hit Sri Lanka’s minister for investment promotion

Vehicle owners wait in a queue to buy petrol due to fuel shortage, amid the country’s economic crisis, in Colombo, Sri Lanka June 17, 2022. REUTERS / Dinuka Liyanawatte Register now for FREE unlimited access to Reuters.com Register COLOMBO, June 24 (Reuters) – Sri Lanka’s president on Friday appointed tycoon Dhammika Perera as minister for … Read more

US Treasury’s new tribal office takes aim at tax, finance inequities -Yellen

US Treasury Secretary Janet Yellen testifies before a Senate Finance Committee hearing on President Biden’s 2023 budget, on Capitol Hill in Washington, US, June 7, 2022. REUTERS / Evelyn Hockstein Register now for FREE unlimited access to Reuters.com Register ROSEBUD, South Dakota, June 21 (Reuters) – US Treasury Secretary Janet Yellen said on Tuesday the … Read more

Portugal wants long-term EU mechanism for security, energy investment

Portuguese Prime Minister Antonio Costa arrives at Downing Street ahead of his meeting with British Prime Minister Boris Johnson, in London, Britain, June 13, 2022. Aaron Chown / Pool via REUTERS / File Photo Register now for FREE unlimited access to Reuters.com Register LISBON, June 20 (Reuters) – Portugal wants the European Union to create … Read more

Analysis: For central bankers, tighter financial conditions may be an ally

Pedestrians and a traffic light stop sign are reflected on a quotation board in Tokyo, Japan February 26, 2021. REUTERS / Kim Kyung-Hoon / File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 15 (Reuters) – Slumping stocks and surging bond yields are rapidly crimping global financial conditions, yet given their … Read more

Chinese local govt financing units seek unorthodox route to raise funds

A man works at the construction site of a new financial district in Beijing, China May 23, 2017. REUTERS / Thomas Peter / File Photo Register now for FREE unlimited access to Reuters.com Register Tighter rules prompt LGFVs to seek unconventional funding means Financing efforts skirt regulatory scrutiny Direct financing via Internet, social media raises … Read more

The Saudi investment king who no longer rules alone

Saudi wealth fund bought nearly 17% of Prince Alwaleed’s firm Sovereign fund likely to an active investor – sources PIF may benefit from Alwaleed’s investing style – analysts DUBAI, June 15 (Reuters) – The prince who’s the international face of Saudi business may no longer be able to call all the shots. For years, Prince … Read more

French Finance Minister: rising US bond yields show that “era of cost-free money is over”

French Minister for Economy, Finance, Industry and Digital Security Bruno Le Maire looks on during a French president’s visit to the Eurosatory land and airland defense and security trade fair, at the Paris-Nord Villepinte Exhibition Center in Villepinte, north of Paris, June 13 , 2022. Ludovic Marin / Pool via REUTERS Register now for FREE … Read more

US lawmakers agree on China investment curbs

Chinese and US flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS / Tingshu Wang / File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 13 (Reuters) – A bipartisan group of lawmakers said on Monday they have agreed on legislation that would give … Read more

Care home firm Orpea, under pressure over practices, gets new financing

A view shows the logo of French care homes company Orpea at the entrance of a retirement home (EHPAD – Housing Establishment for Dependant Elderly People) in Reze near Nantes, France, February 2, 2022. REUTERS / Stephane Mahe Register now for FREE unlimited access to Reuters.com Register PARIS, June 13 (Reuters) – French care home … Read more

IMF still has concerns over Pakistan budget, finance minister says

IMF concerns over fuel subsidies, current account, direct taxes Adjustments can be made to bring IMF onboard – minister Pakistan hopes for staff level agreement with IMF this month ISLAMABAD, June 11 (Reuters) – Pakistan’s finance minister said on Saturday that the International Monetary Fund (IMF) has expressed concern about the country’s recently unveiled budget, … Read more