TEHRAN, Jun 8 - It would be either illegal or useless for Italy to issue bonds to pay its suppliers as such notes would break European currency rules or add to the country’s massive government debt, Italian finance minister Giovanni Tria said on Saturday.
TEHRAN, Apr 18 - Pakistan's finance minister said Thursday he will step down amid a wave of criticism over the government's handling of a financial crisis that has sent prices soaring.
TEHRAN, Feb 05 -A high-ranking Saudi economic official says the oil-rich kingdom is going to draw down a total of 13 billion Saudi riyals ($ 3.46 billion) from the general reserves over the current year in a bid to close its budget deficit.
TEHRAN, December 28 - Cash-strapped Cuba plans fresh austerity measures and will pressure the sluggish bureaucracy to tighten its belt and cut red tape to address weak growth, falling export earnings and rising debt.
TEHRAN, December 24 - India is working toward a single national sales tax rate which could be a mid-point between 12 and 18 percent, Finance Minister Arun Jaitley said on Monday, in an effort to simplify the tax structure.
TEHRAN, September 04 -British finance minister Philip Hammond will set out the timing for his next budget in “the usual way”, a spokesman for Prime Minister Theresa May said on Tuesday after a newspaper reported that his fiscal statement would come early.
TEHRAN, August 31 - A wave of African nations looking to restructure debt with China on the eve of a major Beijing summit provides a reality check for the continent, where most countries still view Chinese lending as the best bet to develop their economies.
TEHRAN, June 24 - The National Welfare Fund of Russia will be replenished by 2.2 trillion rubles (about $35 billion) this year, according to Finance Minister Anton Siluanov.
TEHRAN, April 05 - The World Bank and the Islamic Development Bank want to increase the use of long-term investments in Islamic finance , tasking the industry with reducing its reliance on Islamic banks in favor of a wider array of institutions.
TEHRAN, October 31 -The Bank of England expects Britain to lose up to 75,000 financial services jobs after the country leaves the European Union in 2019, the BBC reported on Tuesday.
TEHRAN, October 9 - Boeing Co (BA.N) had pumped in more than 100 million pounds ($130 million) into Britain’s Monarch Airlines [MONA.UL] which collapsed last week, the Financial Times reported on Monday.
TEHRAN, August 15, YJC - Iran is in the process of selecting financiers for the purchase of 200 new passenger aircraft from among domestic and foreign companies which submitted their proposals to Iran Air, the company CEO Farzaneh Sharafbafi said.
A major fire broke out in El Salvador's Finance Ministry on Friday, killing at least one person, injuring 22, and prompting some inside to jump from the building before the blaze was extinguished, officials said.