(Bloomberg) — Hong Kong Financial Secretary Paul Chan warned that a fiscal deficit would present an obstacle to the city’s recovery from the pandemic. “After three years of the pandemic and a weak external economy, a high fiscal deficit has accumulated so that economic recovery still needs to be consolidated and investment in the future…
Tag: finance department
World Bank member nations split over plans to expand balance sheet
Developing nations have warned against reshaping the World Bank in the aftermath of David Malpass’s departure as its head in a way that would imperil the institution’s ultra-high credit rating. The early exit of Trump-appointed Malpass, announced last week, is expected to hasten reforms — pushed by US Treasury secretary Janet Yellen — under his…
Nomura Asset Management Co. Ltd. Acquires 1,239 Shares of New Mountain Finance Co. (NASDAQ:NMFC)
Nomura Asset Management Co. Ltd. increased its holdings in New Mountain Finance Co. (NASDAQ:NMFC – Get Rating) by 114.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,317 shares of the company’s stock after purchasing an additional 1,239 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in New Mountain Finance were worth…
Not an era for war, says India as G20 finance meets begins | Russia-Ukraine war News
India says it is time for dialogue and diplomacy as G20 finance officials start a meeting near the southern city of Bengaluru. India has reiterated its stance on the war in Ukraine, saying it was time for dialogue and diplomacy, as finance officials from the Group of 20 (G20) started a meeting near the southern…
Some Meta employees are getting paid to do ‘zero work’ as the company embarks on a ‘year of efficiency’: Financial Times
Meta CEO Mark Zuckerberg told investors that 2023 will be the “year of efficiency” for the company.Getty Images Meta signaled in February it’s likely to cut more jobs this year after culling 11,000 jobs last year. The company has delayed budget-setting for some teams as it gears up for the new round of layoffs, per…
Australia removes Chinese-made cameras from politicians’ offices
Australian officials said Tuesday dozens of Chinese-made security cameras would be ripped out of politicians’ offices, days after the country’s defense minister announced his department would remove the devices from its buildings due to security concerns. At least 913 Chinese-made security cameras have been installed across more than 250 Australian government buildings, including the Department…
Three takeaways from a busy week in markets: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 am ET. Subscribe Saturday, February 11, 2023 Today’s newsletter is by Myles Udland, Head of News at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market…
Alberta Finance Minister Toews spars with feds over who needs to step up with incentives
Article content Ottawa and Alberta remain at odds over who is responsible for industrial subsidies after an in-person meeting of finance ministers Friday. Article content UCP Finance Minister Travis Toews sat down with his provincial and territorial counterparts and federal Finance Minister Chrystia Freeland to discuss global economic pressures and a looming transition to a…