Canada has a path to “soft landing,” finance minister says

Canada’s Finance Minister Chrystia Freeland reacts during a news conference before delivering the 2022-23 budget, in Ottawa, Ontario, Canada, April 7, 2022. REUTERS/Blair Gable Register now for FREE unlimited access to Register June 26 (Reuters) – Finance Minister Chrystia Freeland on Sunday said Canada still has a path to a “soft landing,” where it … Read more

Brazil’s Economy Ministry tries to limit spending on fuel-related subsidies, sources say

Brazil’s Economy Minister Paulo Guedes speaks during an opening ceremony of the OECD meeting at the Itamaraty Palace in Brasilia, Brazil June 21, 2022. REUTERS / Adriano Machado Register now for FREE unlimited access to Register BRASILIA, June 22 (Reuters) – Brazil’s Economy Ministry is trying to limit the cost of higher cooking gas … 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 unlimited … 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

Turkish lira seesaws after economy steps, bond yields slide

Woman holds Turkish Lira banknotes in this illustration taken May 30, 2022. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Register Lira has tumbled 23% this year on top of 44% slide in 2021 Central bank measure seen boosting demand for bonds Banks lead shares higher on Borsa Istanbul … Read more

Jordan lays out 10 year blueprint to revive economy

The Amman cityscape in the evening light in Amman, Jordan October 7, 2019. REUTERS / Russell Boyce Register now for FREE unlimited access to Register King pushes for reforms resisted by conservative establishment Blueprint seeks to rejuvenate the sluggish economy Rising youth unemployment biggest challenge facing country DEAD SEA, Jordan, June 6 (Reuters) – … Read more

Pakistan slashes fuel subsidies in bid to control fiscal deficit -finance minister

KARACHI, Pakistan, June 2 (Reuters) – Pakistan will slash fuel subsidies for a second time in a week in a bid to control the fiscal deficit and secure International Monetary Fund (IMF) bailout money, the finance minister said on Thursday. Pakistan and the IMF concluded negotiations last week on the resumption of the bailout program, … Read more

Fed carrying $ 330B in unrealized losses on its assets according to Q1 financial statement

The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, US, January 26, 2022. REUTERS/Joshua Roberts Register now for FREE unlimited access to Register WASHINGTON, May 27 (Reuters) – The US Federal Reserve is … Read more

Philippines’ Marcos names new finance chief and governor

Philippine president-elect Ferdinand “Bongbong” Marcos Jr., son of late dictator Ferdinand Marcos, attends a news conference at his headquarters in Mandaluyong City, Metro Manila, Philippines, May 23, 2022. REUTERS/Lisa Marie David Register now for FREE unlimited access to Register MANILA, May 26 (Reuters) – Philippine President -elect Ferdinand Marcos on Thursday announced current central … Read more

CBO sees a sharp reduction in FY 2022 deficit, but slowing economy to boost debt

US one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Register WASHINGTON, May 25 (Reuters) – The US budget deficit for fiscal 2022 will shrink to $ 1,036 trillion from $ 2,775 … Read more