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Egypt can no longer depend on hot money for budget: finance minister

Egypt can no longer depend on hot money for budget: finance minister

Egypt faced sharp outflows as Ukraine war began Now eyeing Gulf investment, concessional borrowing Could issue more samurai bonds, or panda bonds CAIRO, June 27 (Reuters) – Egypt’s finance minister said on Monday the government could no longer depend on foreign purchases of treasuries to finance its budget, but must work to boost foreign direct …

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Factbox: Major finance milestones as Hong Kong marks 25 years since handover

Factbox: Major finance milestones as Hong Kong marks 25 years since handover

A general view of Two International Finance Center (IFC), HSBC headquarters and Bank of China in Hong Kong, China July 13, 2021. REUTERS/Tyrone Siu/File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 28 (Reuters) – Hong Kong returned to China in 1997 after 156 years of British colonial rule. Here …

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Hong Kong’s top finance executives bank on city to thrive as gateway to China

Hong Kong’s top finance executives bank on city to thrive as gateway to China

HONG KONG, June 27 (Reuters) – In 1997, the world watched as Britain returned Hong Kong to Chinese rule, with some pessimistic or wary about the outlook for the city and its role in the global financial system. Twenty-five years later, Hong Kong has so far retained its status as a financial hub, and some …

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Full Brexit yet to play out on British finance, lawmakers say

Full Brexit yet to play out on British finance, lawmakers say

The City of London financial district can be seen as people walk along the south side of the River Thames, amid the coronavirus disease (COVID-19) outbreak in London, Britain, March 19, 2021. REUTERS/Henry Nicholls Register now for FREE unlimited access to Reuters.com Register LONDON, June 23 (Reuters) – Britain should avoid major, hasty reforms to …

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EXCLUSIVE China’s central bank accepts Ant’s application for financial holding company – sources

EXCLUSIVE China’s central bank accepts Ant’s application for financial holding company – sources

A logo of Ant Group is pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register PBOC taking application signals license may come soon – sources Financial holding license to pave way for Ant market …

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