South African economy contracts marginally in third quarter

[ad_1] Electricity lights up the central business district of Cape Town, South Africa, June 18, 2019. REUTERS/Mike Hutchings/File Photo Acquire Licensing Rights Q3 GDP -0.2% Q/Q vs -0.1% forecast Q3…

Exclusive: IMF sees support for funding increase, wants deadline on shareholding changes

[ad_1] Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, speaks on the second day of the annual meeting of the IMF and the World Bank, following last month’s…

Debt chief says Sweden has financial muscle to stem any property fire sale

[ad_1] Construction work takes place in the Slussen area of central Stockholm, Sweden, July 16, 2023. REUTERS/Tom Little/File Photo Acquire Licensing Rights STOCKHOLM/FRANKFURT, July 27 (Reuters) – Sweden has the…

Canada’s Northwest Territories declares emergency due to wildfires

[ad_1] People walk to a Royal Canadian Air Force transport plane while being evacuated from an approaching wildfire in Hay River, Northwest Territories, Canada August 14, 2023. Canadian Forces/Handout via…

‘BRICS bank’ looks to local currencies as Russia sanctions bite

[ad_1] NDB must do more in local currency -South Africa finmin ‘No parallel universe’ to dollar -NDB CFO Dollar borrowing costs have spiked Bank wooing new members to shore up…

Ecuador presidential candidate Villavicencio assassinated

[ad_1] QUITO, Aug 10 (Reuters) – Ecuador presidential candidate Fernando Villavicencio, a vocal critic of corruption and organized crime, was killed at a campaign event on Wednesday, authorities said, amid…

Pakistan’s petroleum prices hike to fuel sky-high inflation

[ad_1] ISLAMABAD, Aug 1 (Reuters) – Pakistan announced an increase in petrol and diesel prices on Tuesday to meet fiscal objectives laid down in a deal with the International Monetary…

Senate panel to consider bill targeting executive pay at failed banks

[ad_1] WASHINGTON, June 16 (Reuters) – The U.S. Senate Banking Committee will consider a bill Wednesday that would allow regulators to claw back compensation for executives at failed banks. The…

IMF expects ‘continued tangible progress’ from global sovereign debt roundtable

[ad_1] WASHINGTON, June 8 (Reuters) – The International Monetary Fund on Thursday said it expects the global sovereign debt roundtable to make “tangible” progress toward quicker debt restructurings for heavily…

Failed bank executives, regulators to testify before Senate panel

[ad_1] May 2 (Reuters) – The U.S. Senate Banking Committee said on Tuesday it would hear from former top officials at the failed Silicon Valley Bank and Signature Bank, as…