ATHENS (Reuters) -Greece’s current account balance showed a wider deficit in December last year compared to the same month in 2020 while tourism revenues rose, the Bank of Greece said on Monday. Central bank data showed the current account gap reached 1.707 billion euros ($1.94 billion) from a deficit of 0.639 billion euros in December …
Greek December current account deficit widens, tourism revenues up Read More »
ISTANBUL (Reuters) – The number of foreign visitors arriving in Turkey jumped 151% from a year earlier to 1.28 million in January, data showed on Monday, as the sector continued to recover from the impact of measures to combat the spread of COVID-19 since 2020. The arrivals were still down from a level of 1.79 …
Turkey’s foreign arrivals surge 151% in January from year ago Read More »
MOSCOW (Reuters) – Russia’s finance ministry on Monday said it would take proposals on cryptocurrencies from the country’s central bank into account so long as they do not contradict its own approach, paving the way for legislation governing digital assets. A simmering dispute over cryptocurrency regulation in Russia heated up on Friday as the finance …
Russian finance ministry to consider central bank proposals on cryptocurrencies Read More »
By Paul Lorgerie and Tiemoko Diallo BAMAKO (Reuters) – Mohamed Cisse used to employ hundreds of workers in Mali’s capital Bamako before economic sanctions last month shut borders and cut the lifeblood of his construction business. Cement is scarce. Its key ingredient, clinker, comes from neighbouring Senegal, from which all but essential goods are blocked. …
Mali’s workers feel the squeeze as sanctions take hold Read More »
BERLIN (Reuters) – German producer prices jumped 25% on the year in January, pushed up mainly by higher energy prices, official data showed on Monday. The January figures continued the trend of very steep increases for the fourth month in a row after October, November and December showed jumps of 18.4%, 19.2% and 24.2%, respectively. …
German producer prices soar 25% y/y due to energy costs Read More »
BANGKOK (Reuters) – Thai banks’ non-performing loans slightly dropped to 2.98% of total lending at the end of December from 3.14% as the end of September, helped by measures to support debtors, the central bank said on Monday. The banking system remained strong with high levels of capital buffers, provisions and liquidity, the Bank of …
Thai banks’ bad loans at 2.98% of lending at end-December Read More »
TOKYO (Reuters) – A key Japanese parliamentary committee on Monday approved the government’s record $940 billion initial spending plan for the next fiscal year, setting the stage for the budget’s full passage through the legislature in March. Prime Minister Fumio Kishida is counting on the budget to pull the world’s third-largest economy out of the …
Japan’s record $940 billion budget set for parliament approval in March Read More »
WASHINGTON (Reuters) -The World Bank Group on Saturday said it is readying a $350 million disbursement to Ukraine that the group’s board will consider by the end of March as part of a plan for short- and long-term financing for the country. In a meeting with Ukrainian President Volodymyr Zelenskiy on Saturday, World Bank President …
World Bank readies $350 million Ukraine disbursement, pledges more support Read More »
BUDAPEST (Reuters) – Hungary’s government hopes inflation will ease back to below 6% by the end of 2022 after hitting a near 15-year high of 7.9% at the start of the year, Prime Minister Viktor Orban said on Saturday. Orban, who faces a closely fought election on April 3, added that his government would phase …
Hungary’s Orban says he hopes inflation will dip below 6% by year-end Read More »
By David Lawder and Andrea Shalal WASHINGTON (Reuters) – Canadian Finance Minister Chrystia Freeland stepped well beyond economic policy at a G20 finance meeting on Friday to issue an “impassioned” warning to her Russian counterparts not to invade neighboring Ukraine, two sources familiar with her remarks said. During a contentious G20 meeting hosted by Indonesia, …
Canada’s Freeland strays from G20 economic script to warn Russia on Ukraine – sources Read More »
