ECONO

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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US Treasury’s new tribal office takes aim at tax, finance inequities -Yellen

US Treasury’s new tribal office takes aim at tax, finance inequities -Yellen

US Treasury Secretary Janet Yellen testsifies before a Senate Finance Commmittee hearing on President Biden’s 2023 budget, on Capitol Hill in Washington, US, June 7, 2022. REUTERS/Evelyn Hockstein Register now for FREE unlimited access to Reuters.com Register ROSEBUD, South Dakota, June 21 (Reuters) – US Treasury Secretary Janet Yellen said on Tuesday the department’s new …

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Hong Kong’s new govt retains finance chief in sign of continuity

Hong Kong’s new govt retains finance chief in sign of continuity

HONG KONG, June 19 (Reuters) – China unveiled on Sunday new top officials in Hong Kong under incoming leader John Lee, who vowed to take the global financial hub to fresh heights, while shrugging off concerns about sanctions the United States has imposed on him . In a sign of continuity for the financial industry, …

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EU fails to agree corporate tax reform as Hungary vetoes overhaul

EU fails to agree corporate tax reform as Hungary vetoes overhaul

FILE PHOTO – Hungarian Finance Minister Mihaly Varga speaks during a business conference in Budapest, Hungary, February 19, 2022. REUTERS/Bernadett Szabo Register now for FREE unlimited access to Reuters.com Register LUXEMBOURG, June 17 (Reuters) – The European Union’s adoption of a 15% corporate minimum tax was thrown into doubt again on Friday as Hungary raised …

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