Hungarian banks hit back at tax plans for 'defence fund'
Hungarian banks said on Tuesday that measures requiring them to contribute to a "defence fund" would damage their ability to lend, rejecting government allegations that they had
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Hungarian banks said on Tuesday that measures requiring them to contribute to a "defence fund" would damage their ability to lend, rejecting government allegations that they had
Anglo American has hired three banks for the sale of its steelmaking coal assets, which analysts value at as much as $5 billion and is part of a broader restructuring to fend off an
U.S. small-business confidence increased to a six-month high in June, but inflation worries lingered amid a rise in the share of owners planning to raise compensation for
The European Central Bank can continue to gradually reduce interest rates without jeopardising a current fall in inflation, governing council member Fabio Panetta said on Tuesday.
Russia's budget deficit remained flat at 0.5% of gross domestic product (GDP) in June, the same as in May, as growth in non-oil and gas revenues offset spending, the finance
Thailand needs stronger economic growth as the current potential growth rate of about 3% is not high enough to help the economy expand sustainably in the long term, the central bank
The number of medium-sized and large companies in Germany that went insolvent in the first half of this year was up 41% compared with the same period last year, the Handelsblatt
Germany's largest industrial union has confirmed a demand for 7% higher wages, previously recommended by its leadership for this year's collective bargaining round, a key
Singapore state fund Temasek will consider investing in fossil fuel and other carbon-intensive projects if they make environmental as well as commercial sense, it said on Tuesday
China's new yuan loans likely more than doubled in June from May, a Reuters poll showed on Tuesday, as the central bank kept up policy support for the economy amid a shaky recovery
Chinese property developer Guangzhou R&F Properties said on Tuesday its unit Trillion Glory had received a winding-up petition from a Singapore-based private equity fund due to non-
(This July 9 story has been officially corrected to remove reference to Honda having no current plans to make new investments in Thailand at company's request and replaces
China International Capital Corp is seeing more strategic opportunities for Chinese corporate clients in Vietnam, the bank's head of Southeast Asia and Singapore CEO Stephen Ng
Australian business conditions worsened in June with the outlook for employment taking a notable hit, a survey showed on Tuesday, though firms were a little more confident as cost
South Korea's central bank will consider trade-offs among the recent disinflation trend, growth and financial stability for future monetary policy operations, its governor said on
Sri Lanka will wrap up talks with international bondholders on restructuring $12.5 billion in debt within a few weeks, Foreign Minister Ali
The Pakistan Stock Exchange (PSX) resumed trading on Monday after a two-hour suspension due to a fire in the bourse's Karachi headquarters.
Hyundai Motor Co reached a tentative wage agreement with its South Korean labour union on Monday, a union official said, potentially avoiding a strike in the carmaker's biggest
The Panama Canal expects to complete a billion-dollar construction of a new water reservoir within six years that will help ensure the passage of 36 ships a day, the
Australian consumer sentiment fell in July as fears about a possible rise in borrowing costs overshadowed the prospect of lower taxes and government relief on power bills, a survey
Australian auto parts retailer Bapcor rejected on Tuesday the A$1.83 billion ($1.23 billion) buyout offer from private equity firm Bain Capital
Wall Street's top regulator plans to redraft a proposal for "swing pricing" regulations on how so-called open-end investment funds should manage liquidity, which had faced industry
Brazilian state-run oil company Petrobras on Monday announced its first gasoline price hike in almost a year, and also hiked the price of gas used for cooking and heating.
Citigroup will wind up its operations in Haiti due to weak demand from institutional clients and lower international banking activity, ending its presence of more than five decades in the
Inflation in Egypt is forecast to have extended a slowdown for a fourth month in June, maintaining a downward trajectory that most analysts expect to last for the rest of the year at