A currency dealer monitors exchange rates in a trading room at KEB Hana Bank in Seoul, South Korea. Jung Yeon-Je | AFP | Getty Images South Korea’s financial regulator will look at speeding up the corporate reforms proposed last month and could reportedly add newer measures, after market players voiced concerns the announced steps might … Read more
TIRANA, Albania — The leaders of five Western Balkan countries met Thursday in an effort to push ahead a European Union plan that promises financial aid and a faster road to membership in return for economic reform. Brussels’ plan calls for 6 billion euros (about $6.5 billion) to be sent to the Balkan states over … Read more
Pedestrians walking across with crowded traffic at Shibuya crossing square. Jaczhou | E+ | Getty Images Japan’s Nikkei 225 hit a record high Thursday, powered by banking, electronics and consumer stocks as robust earnings and investor-friendly measures fuel a blistering rally in Japanese equities this year. The Nikkei 225 jumped nearly 2% to hit 39,029, … Read more
COLOMBO, Sri Lanka — Debt-stricken Sri Lanka’s economic reform program is yielding the first signs of recovery, but the improvements still need to translate into improved living conditions for its people, the International Monetary Fund said Friday. Sri Lanka has been struggling with an economic crisis since declaring bankruptcy in April 2022 with more than … Read more
Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023. Kevin Dietsch | Getty Images News | Getty Images The head of the International Monetary Fund warned Monday that China needs structural reforms in order to avoid “a fairly significant decline in growth rates.” … Read more
JERUSALEM (AP) — A former member of Prime Minister Benjamin Netanyahu’s Cabinet offered a rare public apology Sunday for contributing to the internal strife in Israel that preceded the Oct. 7 attack by Hamas militants from the Gaza Strip. The mea culpa by Galit Distel Atbaryan, a lawmaker from Netanyahu’s Likud Party, was one of … Read more
BERLIN, GERMANY – NOVEMBER 15: German Finance Minister Christian Lindner gives a statement to the media at the Chancellery following the weekly government cabinet meeting on November 15, 2023 in Berlin, Germany. The topic was a ruling by the German Constitutional Court declaring that the coalition government’s shift of federal money in 2021 originally earmarked … Read more
[The stream is slated to start at 10:45 a.m. ET. Please refresh the page if you do not see a player above at that time.] CNBC’s Joumanna Bercetche is moderating a panel at the annual meetings of the International Monetary Fund and World Bank in Marrakech, Morocco. Titled, “Reform Priorities for Tackling Debt,” the seminar will include Kristalina Georgieva, … Read more
LONDON – Shadow chancellor Rachel Reeves responds after Chancellor of the Exchequer Jeremy Hunt delivered his autumn statement to MPs in the House of Commons. House of Commons/PA Images via Getty Images LIVERPOOL, England — Britain’s main opposition Labour party on Monday vowed to “rebuild Britain” if it wins the 2024 General Election, as Shadow … Read more
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), speaks to the media following talks at the Chancellery on November 29, 2022 in Berlin, Germany. Carsten Koall | Getty Images News | Getty Images Structural reforms in Germany are needed given the current global economic headwinds, International Monetary Fund Managing Director Kristalina Georgieva told … Read more