Financial Chat

May 31 — South Koreas government plans to reduce its role in central bank policy meetings after the presence of a representative at the gathering spurred concern about the banks independence.

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Korean Finance Ministry to Reduce Rate Meeting Role

May 31 — The Islamic finance industry must widen the pool of money-market securities available to help companies and investors manage risk more effectively, according to an official at a Bahrain-based standard-setting agency.

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Islamic Finance Must Boost Money Markets to Grow, AAOIFI Says

UK finance minister, David Laws resigns following revelations over his expenses claims.

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Finance minister quits over expenses

German Finance Minister Wolfgang Schaeuble hinted that taxes may have to rise to consolidate Germany’s finances one day after coalition sources said the government may scrap a discounted sales tax on some products.

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German Finance Minister hints at potential tax hike

THE Finance Department is optimistic the government can meet its target of collecting taxes equivalent to 13.8 percent of the gross domestic product this year.

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Finance officials optimistic about tax collection targets

May 27 — Petroleos Mexicanos, the state-owned oil company, may ask Mexicos finance ministry to absorb some of its debt to offset local government infrastructure expenses, Board Member Rogelio Gasca said.

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Pemex May Ask Finance Ministry to Take on Some Debt

The launch of Project Finance’s new website cements its position as the most reliable and informed source of global energy and infrastructure finance news and analysis. With a history of over 20 years and an experienced editorial team, Project Finance launches the deepest, most powerful, and most flexible project finance resource available online looking at market trends, deals, debt pricing …

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Project Finance Launches a New Platform

The Finance Department suggested Wednesday there would be significant long-term savings should Canada decide to pull the increasingly costly penny from circulation.

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Finance Department offers its two cents on pennys future

LONDON – Ian Farmer, the chief executive of platinum miner Lonmin , has raised just over £233,000 in order to help finance a house purchase as part of his relocation to Johannesburg.

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Lonmin boss sells shares to finance house move

CRH has appointed a new group finance director after Glenn Culpepper resigned his position for personal reasons.

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CRH appoints new finance director