ASXPAC

Turkey taking steps to permanently lower inflation, finance minister says – Reuters.com

ISTANBUL, April 4 (Reuters) – Turkey is taking steps to permanently lower inflation, which will show a lasting fall by year-end, Finance Minister Nureddin Nebati said on Monday after annual consumer inflation hit a new 20-year high. Fuelled by rising energy and commodity prices following the Russia-Ukraine war and compounded by the impact of a …

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Russia, China woes risk worst EM corporate default wave since financial crash – JPMorgan – Reuters.com

EM wide corporate default rate seen at highest since GFC Ukraine expected to see near 99% corporate default rate Russia forecast to see 27% default rateHalf of riskier Chinese property bonds may have defaulted by year end LONDON, April 4 (Reuters) – JPMorgan has warned that the combination of Russia’s war in Ukraine and China’s …

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Sabry appointed as Sri Lanka's finance minister – Reuters.com

COLOMBO, April 4 (Reuters) – Sri Lanka’s president appointed Ali Sabry as the country’s finance minister on Monday as a new team of ministers took office after protests flared in the wake of a worsening economic crisis, the president’s office said. President Gotabaya Rajapaksa appointed his younger brother, Basil Rajapaksa, as finance minister in July …

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Russia paid coupons on seven OFZ bond issues -finance ministry – Reuters

Pedestrians walk past Russia’s Finance Ministry building in Moscow, Russia March 30, 2021. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register March 31 (Reuters) – Russia’s finance ministry has paid 50.2 billion roubles ($616 million) in coupons on seven OFZ treasury bond issues, data on its website showed. The payments come as …

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India to continue oil purchases from Russia – finance minister – Reuters

India’s Finance Minister Nirmala Sitharaman attends a joint news conference with U.S. Treasury Secretary Steven Mnuchin in New Delhi, India, November 1, 2019. REUTERS/Adnan Abidi Register now for FREE unlimited access to Reuters.com Register NEW DELHI, April 1 (Reuters) – India’s finance minister on Friday said New Delhi would continue to purchase crude from Russia …

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Russia steps up economic retaliation with Eurobond rouble buyback offer – Reuters.com

A Russian rouble banknote is seen in front of a descending and rising stock graph in this illustration taken March 1, 2022. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register Eurobond rouble payment offer revives default fears Moscow does not say if bondholders must take roubles Russia has already demanded gas payments …

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Thai finance minister sees slower growth, interest rate to stay low – Reuters.com

Sees economic growth in Q1 y/y, q/q Says monetary policy should continue to aid recovery Says baht level ‘appropriate’, supports exports Sees inflation at 3%-4% this year, above target range BANGKOK, March 28 (Reuters) – Thailand’s economy could grow 3.0%-3.5% this year, less than an earlier forecast due to soaring oil prices driven by the …

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Turkish parliament to debate finance sector corporate tax rise – Reuters.com

Turkish President Tayyip Erdogan addresses members of parliament from his ruling AK Party (AKP) during a meeting at the Turkish parliament in Ankara, Turkey, January 15, 2019. REUTERS/Umit Bektas Register now for FREE unlimited access to Reuters.com Register ANKARA, March 28 (Reuters) – The Turkish parliament will start debating a draft law this week under …

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Russian finance ministry halts forex, gold purchases for 2022 – Reuters

A picture illustration of U.S. dollar, Swiss Franc, British pound and Euro bank notes, taken in Warsaw January 26, 2011. REUTERS/Kacper Pempel/File Photo Register now for FREE unlimited access to Reuters.com Register MOSCOW, March 3 (Reuters) – Russia’s finance ministry said on Thursday that it was halting purchases of foreign currency and gold for this …

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EU recovery fund could be repurposed over Ukraine, German finance minister says – Reuters.com

German Finance Minister Christian Lindner speaks during a budget session, in the plenary hall of the lower house of the German parliament, the Bundestag, in Berlin, Germany March 22, 2022. REUTERS/Michele Tantussi Register now for FREE unlimited access to Reuters.com Register BERLIN, March 26 (Reuters) – The European Union recovery fund set up to help …

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