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Financing for light rail project finalised

3 hours agoAustralia / Canberra : RiotACT

The ACT government and the Canberra Metro consortium confirmed on Tuesday that financing arrangements for the capital’s light rail project had been finalised. Chief minister Simon Corbell said achieving financial close meant the term of the contract had begun. “Canberra Metro will work closely with the ACT government in the lead-up to the start of construction activities in the [...]

FORMER GREEK FINANCE MINISTER: How I dealt with stress when Greece nearly defaulted

Former Greek finance minister Yanis Varoufakis, author of "And The Weak Suffer What They Must?," took over the finance ministry when Greece was more than $35o billion in debt. He explains how he dealt with stress and what kept him going while Greece teetered on the edge of default.  Produced by Eames Yates Follow BI Video: On Twitter Join the conversation about this story »

Messy Monday Markets - G7 Fails to Clean Up Currency Woes

F is for Failure. It's also for Finance Ministers and F is also the grade they got at this weekend's G7 meeting after failing to accomplish anything to calm the markets. As you can see from the Nikkei chart, Japan's markets opened down...Show More Summary

UK would lose at least 500,000 jobs after Brexit vote: Osborne

EASTLEIGH, England (Reuters) - Britain would lose at least half a million jobs within two years of a vote to leave the European Union and a fall in the value of the pound would push up inflation sharply, finance minister George Osborne said on Monday.

The G7 Meeting in Sendai: Mr Aso's PEF Project

The sun has finally appeared, and the TV trucks are rolling out of this ancient hot springs town on the outskirts of Sendai, Japan. This was the location over the weekend of the G7 meeting of finance ministers and central bankers which...Show More Summary

Britain risks year-long recession if votes for Brexit: Osborne

LONDON (Reuters) - Britain could sink into a year-long recession if it votes to leave the European Union, finance minister George Osborne said in his latest attempt to focus voters on the potential hit to the economy from an "Out" v...

Greek Lawmakers Approve Additional Austerity Measures

Greek Parliament approved a multi-bill, which include new austerity measures ahead of the meeting of the eurozone finance ministers, known as the Eurogroup, local media reported.

G7 Finance Ministers Agree to Cooperate on Terrorist Financing Prevention

The finance ministers of the Group of Seven (G7) industrial economies agreed to cooperate in combating terrorist financing, the G7 said in an action plan published Saturday.

G7 promises aggressive action on 'financing terrorism'

Talks in Japan focus on "terror-funding" and tax evasion, but finance ministers disagree on how to boost global growth.

The IMF’s Greek debt options: what they all mean?

By Mehreen Khan in London The International Monetary Fund’s latest recommendations on Greek debt relief have leaked. Yesterday, ahead of the latest meeting of eurozone finance ministers on May 24, the IMF repeated it would take partShow More Summary

The Japanese yen is retreating — here's what's happening in FX

Good morning! The Japanese yen is retreating as the G7 finance ministers meet in Sendai, Japan. The currency is weaker by 0.4% at 110.40 per dollar as of 7:43 a.m. ET. " With dollar/yen back around 110, the FX aspects of the meetingShow More Summary

Germany Wants to Postpone Decision on Debt Relief for Greece Until 2018

German Finance Minister wishes to postpone the decision on debt relief for Greece until 2018.

Ukraine Approves Customs Mutual Assistance Deal With US - Finance Minister

According to the countries finance minister, Ukrainian government has passed a draft agreement on mutual customs assistance between Kiev and Washington.

Finance chiefs gear up for G7 talks

Currency policy and the wheezing global economy will be on the agenda for this week’s G7 gathering in Japan. ||| Tokyo - Finance ministers and central bankers from the G7 meet in Japan this week for talks likely to highlight a sharp divide over currency policy and how to breathe life into the wheezing global economy. Show More Summary

Russia Insists Kiev's Repayment of $3Bln Debt Should be Part of IMF Program

Moscow insists that the condition of Kiev's repayment of a $3-billion debt to Russia should be included in the International Monetary Fund (IMF) assistance program to Ukraine, Russian Finance Minister Anton Siluanov said Tuesday.

Greek parliament to vote on bailout reforms on Sunday

ATHENS (Reuters) - Greece's parliament will vote on a new package of tax hikes and reforms demanded by its international lenders on Sunday, two days before euro zone finance ministers assess whether Athens qualifies for much-needed bailout loans.

The South African rand is crashing after reports the finance minister might be arrested

The South African rand is crashing after reports the finance minister might be arrested. The rand is down by 1.6% at 15.6623 per dollar, its lowest level since mid-March, as of 9:44 a.m. ET. It dropped by as much as 2.1% to 15.7275 minutes...Show More Summary

The Rand Is Crashing As South African FinMin Arrest Looms

The last 2 days have seen South African Rand plunge 5% relative to the USDollar, back to 2 month lows, after reports that police are set to arrest Finance Minister Pravin Gordhan over alleged irregularities at the nation’s revenue service. As...Show More Summary

Yanis Varoufakis To Join EU Left-Wingers In Anti-Brexit Push

Left-wing politicians and speakers from Britain and other European nations are teaming up to persuade voters on the left to vote for the U.K. to remain in the European Union. Former Greek Finance Minister Yanis Varoufakis, British Green...Show More Summary

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