SINGAPORE (Reuters) – Singapore’s finance minister said on Tuesday the city-state’s economy should continue to grow this year, but authorities were ready to deploy more fiscal and monetary policy measures if a worsening Russia-Ukraine crisis impacted growth and inflation. The government had projected gross domestic product to expand 3-5% in 2022. The forecast was provided …
(Reuters) – Russia’s Finance Ministry said on Friday it has sent its proposals to reallocate 485.9 billion roubles ($5 billion) of budget spending in 2022 to focus on the most important expenditures needed to mitigate the Western sanctions. ($1 = 99.7500 roubles) (Reporting by Reuters; Editing by Alex Richardson) Copyright 2022 Thomson Reuters.
BEIJING (Reuters) -China will cut income tax for some small firms to 20% from 25%, the finance ministry said on Friday, as part of steps to ease burdens on small businesses to support the slowing economy. Small firms will be subject to the lower income tax until the end of 2024 from the start of …
(Reuters) – The ball is in the United States’ court as to whether payments due on Wednesday on two Russian dollar-denominated Eurobonds will go through, and Washington should clarify whether the settlements are possible, Finance Minister Anton Siluanov said. The economic cost of Russia’s actions in Ukraine has been fully exposed as President Vladimir Putin’s …
LONDON (Reuters) – Britain’s financial watchdog said on Wednesday it has begun discussions with the asset management sector on using “side pockets” for parking Russian and Belarusian assets which have been suspended due to sanctions. Side pockets would allow a fund to separate suspended assets that are difficult to sell or value, from other core …