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Sudan's newly-appointed finance minister rejects post: SUNA

Sudan's newly-appointed finance minister rejects post: SUNA

KHARTOUM (Reuters) – Abdullah Hamduk, named as finance minister in Sudan’s new administration, has formally declined the appointment, state news agency SUNA reported on Saturday. Hamduk was the former executive secretary of the United Nations Economic Commission for Africa. Sudan’s President Omar al-Bashir instead tasked Prime Minister Moataz Moussa Abdullah with managing the affairs of […]

Greece to ease capital controls 'very soon': finance minister

Greece to ease capital controls 'very soon': finance minister

ATHENS (Reuters) – Greece plans to further loosen capital controls soon and is on track to lift all restrictions imposed three years ago, its finance minister said on Saturday. Greek Finance Minister Euclid Tsakalotos speaks during a joint press conference with European Commissioner for Economic and Financial Affairs Pierre Moscovici at the Finance Ministry in […]

Zim's finance minister pleads online for donations to fight cholera… as govt spends $20m to buy new cars for MPs

Zim's finance minister pleads online for donations to fight cholera… as govt spends $20m to buy new cars for MPs

Zimbabwe’s new finance minister has taken to Twitter to ask for donations to help the government fight cholera that has killed at least 25 people and made thousands of others ill. In a tweet Mthuli Ncube, who took his oath of office on Monday, said the emergency crowdfund would “further efforts to fight cholera to […]

No state to be penalised for doing well:15th Finance Commission

No state to be penalised for doing well:15th Finance Commission

The 15th Finance Commission on Thursday said that no state will be penalised for doing well on the demographic and economic front. “The north versus south debate is misleading as many other states are also expressing similar apprehensions like southern states. It will be the endeavour of the 15th Finance Commission not to penalise states […]

Hopes pinned on City's fund managers after London loses finance crown

Hopes pinned on City's fund managers after London loses finance crown

Money flowing into the UK funds industry has hit a record high, despite the City of London losing its status as a top financial centre due to Brexit. Hopes are being pinned on Britain’s money managers after a closely-watched study showed that Wall Street had overtaken London as a top financial centre for the first time […]

7 bidders in race for $2.3 billion PNB Housing finance buyout

7 bidders in race for $2.3 billion PNB Housing finance buyout

Seven bidders have submitted nonbinding offers to acquire PNB Housing Finance in a deal estimated at around $2.3 billion, people directly aware of the matter said. The list of suitors, who submitted initial offers on Monday, included Godrej, Bandhan Bank, Dewan Housing Finance and a consortium led by GIC of Singapore and Blackstone. The bids, […]

UK finance minister says time running out on Brexit; BoE governor to stay on

UK finance minister says time running out on Brexit; BoE governor to stay on

LONDON (Reuters) – Britain’s finance minister Philip Hammond said on Tuesday time was running out to secure a Brexit deal and confirmed that Bank of England Governor Mark Carney had agreed to stay to help the country through “a turbulent period” for its economy. Britain’s Chancellor of the Exchequer Philip Hammond leaves Downing Street in […]

Wealthy Countries Accused of Trying to Weaken Paris Climate Finance Rules

Wealthy Countries Accused of Trying to Weaken Paris Climate Finance Rules

Wealthy Countries Accused of Trying to Weaken Paris Climate Finance Rules | InsideClimate News Facebook Twitter Google Plus Email LinkedIn Instagram YouTube Source link

Vulnerability in America's lower income brackets poses a risk to the economy

Vulnerability in America's lower income brackets poses a risk to the economy

Sheila Bair, former chair of the FDIC, will appear at Yahoo Finance’s All Markets Summit on Sept. 20. There are lies, damn lies, and then there are statistics. This famous saying popularized by American humorist Mark Twain aptly describes the current use of economic statistics to paint an overly rosy picture of our economic health. […]

Bank Nizwa Discusses Innovation in Islamic Finance During College of Banking and Financial Studies Forum

Bank Nizwa Discusses Innovation in Islamic Finance During College of Banking and Financial Studies Forum

Bank Nizwa Discusses Innovation in Islamic Finance During College of Banking and Financial Studies Forum  Al-Bawaba Full coverage Source link