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Finance News

US investigation finds Credit Suisse complicit in tax evasion by wealthy AmericansMore than $700 million concealed in violation of bank’s 2014 plea deal with US Justice Department, finds Senate investigation29 March 2023 Wednesday 20:28

Finance Office publishes Türkiye Fintech GuideFintech investments in Türkiye hit an all-time high of $89M in 2022, says Presidential Finance Office28 March 2023 Tuesday 23:13

Global renewable energy grows by record 9.6% in 2022: IRENA reportExpansion of global renewable power generation in 2022 confirms upward trend of renewables against declining new fossil fuel capacity22 March 2023 Wednesday 16:18

Deposits of Germans are safe, Chancellor Scholz saysGerman chancellor tries to quell fears of great financial crisis after Silicon Valley Bank's collapse, says country’s banking system remains sound17 March 2023 Friday 16:33

Russia may suspend double taxation agreements with 'unfriendly' countriesRussian ministries ask president to issue decree on suspension of double taxation agreements with countries that have imposed sanctions on Moscow15 March 2023 Wednesday 15:18

India’s crypto sector brought under anti-money laundering lawFinance Ministry issues notification Wednesday09 March 2023 Thursday 01:08

US slams Israeli minister’s ‘repugnant’ call to wipe out Palestinian villageState Department spokesman urges prime minister, other Israeli officials to ‘publicly and clearly reject’ comments01 March 2023 Wednesday 23:38

Energy transition drives 25% of top 20 mining merger & acquisitions in 2022, says GlobalDataDemand for metals like cobalt, nickel, and lithium increased due to clean energy transition requirements01 March 2023 Wednesday 14:33

Pope Francis: Economy must be social, at service of societyIn interview with Belgian weekly Tertio, Francis proposes alternative economic model28 February 2023 Tuesday 21:08

Europe wind installations grow 4% in 2022Europe's wind farms generates 487 terawatt-hours of electricity in 2022, covering 17% of electricity demand in EU-27+UK28 February 2023 Tuesday 10:28

First G20 Finance Ministers end meeting with differences on Russia-Ukraine warRussia, China do not sign onto demand for complete, unconditional withdrawal of forces26 February 2023 Sunday 01:08

21 wind power plants in 7 earthquake-hit provinces generating electricityWind plants in provinces generate 962.4 megawatts contributing to uninterrupted power supply17 February 2023 Friday 11:53

China grants debt service moratorium to Sri LankaBeijing’s official lender conveyed to South Asian Island nation suspension of debt repayment for 2 years, says official04 February 2023 Saturday 01:28

Russia mulls turning to Islamic banking over closure of Western financial marketsSenior expert of Russian Association of Experts in Islamic Finance says 'time to forget' about Western financial system and concentrate on alternatives01 February 2023 Wednesday 10:33

Finance minister raises alarm over Japan's 'unprecedented' fiscal healthJapan facing 'fiscal situation that is increasing in severity at an unprecedented level,' warns Shunichi Suzuki23 January 2023 Monday 15:13

Over 90% of EU, G7 firms are still active in Russia although sanctionsFrom Amazon to Samsung, well-known brands exit from Russia, but majority of companies continue to be active20 January 2023 Friday 22:38

UAE rolls over $2B loan as Pakistan's foreign reserves fall to record low of $4.3BLoan was scheduled to be paid off in Feb, March, which would have depleted country's already dwindling foreign reserves even further19 January 2023 Thursday 10:13

Russia spends $35B from its reserves to meet budget deficitCountry expected to run budget deficit for next 3 years due to Western sanctions18 January 2023 Wednesday 19:08

Amazon reclaims title of most valuable brandUS-based e-commerce giant regains title despite 15% drop in brand value to $299.3B, Brand Finance's 2023 report shows18 January 2023 Wednesday 12:13

Greek opposition slams top court’s intervention in surveillance scandal‘Mr. Prosecutor, I am waiting for you to arrest me!" says main opposition leader12 January 2023 Thursday 06:53

US house prices annually soar 9.8% in OctoberHigher mortgage rates continued to put downward pressure on demand, economist says27 December 2022 Tuesday 18:53

US senator questions major automakers about forced labor in ChinaUS considers Chinese government’s oppression of Uyghurs an 'ongoing genocide, crimes against humanity,' says Finance Committee chair23 December 2022 Friday 01:18

Canada opens door to housing for Muslims with Islamic mortgagesSeveral companies offering interest-free halal mortgages21 December 2022 Wednesday 19:43

Global financial system needs holistic, urgent reform to address climate emergency, economists sayGlobal financial system under pressure for transformation as it is not delivering resources to respond to current needs to address climate crisis19 December 2022 Monday 13:18

'Religious places as social capital tool can bolster post-pandemic economic revival'Building trust, transparent systems must for effective delivery of social assistance, says Durham University academic08 December 2022 Thursday 12:18

Gambling money ‘partly used’ to fund elections: Malaysian premierAnwar Ibrahim blames kleptocracy for corruption, vows to ensure strict rules and principles of good governance05 December 2022 Monday 13:28

Türkiye freezes assets of 17 people, 4 legal entities linked to Daesh/ISIS terror groupDecision is based on their financial aid to terrorist organizations, according to Türkiye's Official Gazette01 December 2022 Thursday 10:13

Türkiye unveils national strategy for participation financeRoadmap aims to position Türkiye as leading country in participation finance by implementing inclusive, sustainable, innovative financial system24 November 2022 Thursday 18:33

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