The issue of restructuring Lebanon’s public debt is not on the table and is “totally out of the question,” caretaker Finance Minister Ali Hassan Khalil reiterated on Sunday after senior-level talks at the Baabda Palace.
He was speaking after a financial meeting presided over by President Michel Aoun and attended by Prime Minister-designate Saad Hariri, caretaker Economy Minister Raed Khoury, the head of the parliamentary finance committee MP Ibrahim Kanaan, Central Bank Governor Riad Salameh and the head of the Association of Banks in Lebanon, Joseph Torbey.Full Story
The Spanish government's bid to pass a national budget is doomed unless it bends to the demands of Catalonia's separatists for a referendum on secession, the leader of the wealthy northeastern region says.
Catalan regional president Quim Torra told The Associated Press in a recent interview that the representatives of Catalonia's separatist parties in Madrid's national parliament "have made it very clear that they will vote against the budget because there has been no movement by the Spanish national government toward what we are demanding."Full Story
The upbeat tone that characterised this week helped Asian markets to fresh gains on Friday, with Hong Kong chalking up a sixth straight day of rises.Full Story
Tokyo prosecutors on Friday filed two new charges of financial misconduct against former Nissan chief Carlos Ghosn, meaning the auto tycoon is unlikely to be leaving his jail cell soon.
Lawyers for the former jet-setting executive filed a bail application hours later, but have acknowledged that he will probably be detained until a trial.Full Story
The EU on Thursday launched an in-depth probe into Nike's tax affairs in the Netherlands, following revelations in the "Paradise Papers" scandal that exposed low tax deals for multinationals.Full Story
Sri Lanka's prime minister said Thursday the country was struggling to pay back its ballooning foreign debt, blaming a recent political crisis for dealing a "death blow" to the economy.Full Story
Almost 640 flights were cancelled in Germany Thursday as security staff went on strike at three airports, meaning disruption for around 100,000 passengers.Full Story
Ex-Nissan chief Carlos Ghosn has been suffering from a high fever and was unable to meet investigators for questioning on Thursday, local media said, citing his lawyers.Full Story
OPEC kingpin Saudi Arabia will slash its oil exports in January by 10 percent compared to November, its energy minister said Wednesday as producers move to shore up tumbling prices.Full Story
OPEC kingpin Saudi Arabia said Wednesday that its huge oil reserves, already the second largest in the world behind only Venezuela, are even bigger than previously thought.Full Story