JOHANNESBURG (Reuters) – Ghanaian authorities aim to agree a memorandum of understanding with official creditors before the first IMF programme review, which they expect to bring to the Fund’s board in November and would trigger a payout of $600 million, the IMF said on Thursday. The International Monetary Fund’s executive board approved a $3 billion,…
(Reuters) – Russia’s finance ministry on Thursday outlined proposals to tax people working remotely from abroad for Russian companies at the standard income tax rate even if they lose their tax residency, as Moscow looks for ways to maximise revenues. Hundreds of thousands of Russians have fled since Moscow invaded Ukraine on Feb. 24, 2022,…
By David Lawder and Rodrigo Campos WASHINGTON (Reuters) – Suriname on Thursday cleared a hurdle on its way to restructure more than $600 million debt with private creditors as it secured an initial agreement to revive its program with the International Monetary Fund. The IMF said it reached a staff-level agreement with Suriname on the…
By Isla Binnie NEW YORK (Reuters) – Nuveen LLC is considering buying a big chunk of Ecuador’s new “blue bond” to help fund conservation of its wildlife-rich Galapagos Islands, with access to measurable impact data a key factor in the decision, one of the asset manager’s executives told Reuters. Ecuador sold the bond worth $656…
BERLIN (Reuters) – Germany’s BDI industry association urged the government on Thursday to reduce the electricity tax to the European minimum level to help companies in Europe’s largest economy remain competitive. “The BDI expects the government to swiftly agree a concept to ensure prices at internationally competitive costs in the long run,” it said in…
KYIV (Reuters) – Ukrainian President Volodymyr Zelenskiy set up a reintegration council on Thursday to advise on the restoration of Ukrainian rule over Crimea, saying liberation of the peninsula, seized by Russia in 2014, will “happen for certain”. He was speaking at a gathering in Kyiv to mark the anniversary of the mass Soviet-era deportation…
SANTIAGO (Reuters) -Chile’s economy grew for the second quarter in a row in early 2023 but failed to impress market participants as recovery in the world’s largest copper producer appears to remain hesitant. Gross domestic product rose 0.8% in the first quarter from the previous three-month period, the central bank said on Thursday, up from…
By Shivangi Acharya, Aditi Shah and Aftab Ahmed NEW DELHI (Reuters) – India and Britain are struggling to make progress in free trade talks due to differences on some key tariff lines and investment protection rules, making a deal unlikely during Prime Minister Narendra Modi’s second term ending next year, Indian sources said. The two…
WASHINGTON (Reuters) – U.S. existing home sales fell for a second straight month in April, with prices rising in roughly half of the country, which together with possibly higher mortgage rates could delay a housing market recovery. Existing home sales dropped 3.4% to a seasonally adjusted annual rate of 4.28 million units last month, the…
By Trevor Hunnicutt and John Irish WASHINGTON/PARIS (Reuters) -The longest shadows at the Group of Seven (G7) leaders’ summit this week will be cast by two countries that weren’t even invited to the Hiroshima gathering: China and Russia. As the heads of the world’s advanced democracies meet for three days from Friday in the western…
