In a strategic move to maintain competitiveness in the financial sector, British finance minister Rachel Reeves is opting to forgo a punitive Budget tax raid on UK banks. This decision correlates with a broader push to support economic growth within the country. The UK government is devising plans to reduce household energy costs by…
By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) -The possible appointment of Satsuki Katayama as Japan’s next finance minister could give markets cause to rethink pushing the yen too low but might also help the country’s new leader find fresh ways to fund bold economic stimulus plans. Japan’s next likely prime minister Sanae Takaichi has…
You are a finance minister after a decade of meagre economic growth, shocks from a financial crisis, a pandemic and sky-high energy prices. Public debt is worth more than your country’s gross domestic product, interest rates are at their highest in years and merely servicing outstanding debt is taking up an ever-greater share of tax…
Hong Kong’s finance minister has dismissed concerns that foreigners are avoiding the city because of its strong connections to the mainland Chinese market amid the trade war, saying that investors are showing their confidence with their capital. At the “Summer Davos” forum on Wednesday, Financial Secretary Paul Chan Mo-po said Hong Kong’s strengths lay in…
The number of instances of misuse of Hong Kong’s HK$2 (26 US cents) transport subsidy scheme for the elderly has fallen sharply since the introduction of real-name registration, the city’s welfare minister has revealed. Secretary for Labour and Welfare Chris Sun Yuk-han said on Wednesday that between August 2024 and April of this year, there…
The number of instances of misuse of Hong Kong’s HK$2 (26 US cents) transport subsidy scheme for the elderly has fallen sharply since the introduction of real-name registration, the city’s welfare minister has revealed. Secretary for Labour and Welfare Chris Sun Yuk-han said on Wednesday that between August 2024 and April of this year, there…