By Aidan Lewis, Khalid Abdelaziz and Nafisa Eltahir KHARTOUM (Reuters) – Sudan was unable to access $650 million in international funding in November when assistance was paused after a coup, the finance minister of the dissolved government said – a freeze that puts in doubt basic import payments and the fate of economic reforms. The …
Sudan cut off from $650 million of international funding after coup Read More »
SARAJEVO (Reuters) – The International Monetary Fund (IMF) on Wednesday warned Bosnia’s autonomous Serb Republic against dismantling the state tax authority, saying that such a move would cut off a key source of national revenue and damage the economy. At the request of Bosnian Serb leader Milorad Dodik, who advocates a “peaceful dissolution” of Bosnia, …
IMF warns Bosnian Serb separatists against dismantling tax regime Read More »
LONDON (Reuters) – The Bank of England faces a fresh decision next week on whether to become the first of the world’s major central banks to raise interest rates since the onset of the coronavirus pandemic. The BoE shocked financial markets on Nov. 4 when its policymakers voted 7-2 to keep Bank Rate at 0.1%, …
BoE weighs up inflation pressure and Omicron for rates decision Read More »
FRANKFURT (Reuters) – Euro zone inflation will take longer to fall back to target than earlier thought but so far there is no evidence that high prices are becoming embedded in wages, ECB Vice President Luis de Guindos said on Wednesday. High inflation is challenging the ECB, which has little experience dealing with rapid price …
Euro zone inflation will take longer to fall back to 2%, says ECB Read More »
By Daniel Leussink and Kantaro Komiya TOKYO (Reuters) – Japan’s economy shrank slightly faster than initially reported in the third quarter, as a sharp rise in local COVID-19 cases hit private consumption and a global chip supply shortage hurt corporate sentiment. The deeper contraction is a setback for policymakers hoping easing supply shortages and loosened …
Japan downgrades Q3 GDP on deeper hit to consumer spending Read More »
By Nikolaj Skydsgaard COPENHAGEN (Reuters) – Denmark will issue its first green bond early next year to help finance its transition towards carbon neutrality and a sustainable economy, the Danish central bank said on Wednesday. Triple-A rated Denmark, which has been at the forefront of the development of wind power, has been looking at ways …
Denmark lines up first green bond to hit climate goals Read More »
DUBAI (Reuters) -Dubai Financial Services Authority (DFSA) said on Wednesday it had fined Equitativa, the manager of a sharia-compliant real estate investment trust, $210,000 for misleading statements regarding one of its assets. Equitativa made misleading statements on two occasions in 2018 regarding one of Emirates REIT’s 11 assets, a school in Dubai Investment Park, the …
Dubai regulator fines Emirates REIT manager over asset report Read More »
PARIS (Reuters) -France’s central bank has raised its growth forecast again for 2021, to 6.7% versus 6.3% in September and 5.8% in June, as the emergence of the new Omicron coronavirus variant does not seem to impact the economic outlook, its head Francois Villeroy de Galhau said on Wednesday. “French growth remains robust. The heads …
French central bank raises growth outlook again to 6.7% – Villeroy Read More »
(Reuters) – A former unit of Australia’s no. 1 lender Commonwealth Bank pleaded guilty to criminal charges for incorrect disclosure statements and deducting fees from deceased superannuation members, the country’s securities regulator said. The Australian Securities and Investments Commission (ASIC) said on Wednesday 18 charges were filed in Melbourne County Court and are listed for …
CBA’s former unit pleads guilty to pension fund charges – regulator Read More »
By Marc Frank and Mario Fuentes HAVANA (Reuters) – Cuban entrepreneurs Henry and Yendri Garcia have long peddled home-made ice cream in their small town of Bauta outside the capital Havana, but now they are dreaming big. Communist-run Cuba in August lifted a ban on private companies in place since 1968, a move that has …
Cuba’s economic reforms allow small entrepreneurs to dream big Read More »
