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Daniel Bases

Poland's PZU chief expects more domestic bank consolidation

Oct 04 2018

NEW YORK, Oct 4 The head of Poland's top insurer, PZU SA, said on Thursday he expects more consolidation in the local banking sector with two to four transactions potentially taking place in the next year.

Mozambique consulting IMF on economic reform, no loans on agenda

Sep 26 2018

NEW YORK, Sept 26 Mozambique, cut off from multilateral donors, said on Wednesday it is working with the International Monetary Fund to bring economic reforms and transparency in an effort to rebuild credibility after a debt scandal, but no loans are promised.

Europe needs a budget to counter populism's ascent: Moscovici

Sep 25 2018

NEW YORK The European Union's answer to stop a rise of populist politics within its borders must start with a budget to help bind its members closer together and address economic inequality that tears at its seams, one official said on Tuesday.

U.S. development agency looks to boost funding to $60 billion

Sep 24 2018

NEW YORK The head of the main U.S. agency for aiding developing country infrastructure projects said on Monday the ability to extend funding for such investments is expected to double if new legislation is approved by the U.S. Congress.

Zimbabwe's new finance minister says 'fiscal shock' needed for reform

Sep 21 2018

NEW YORK Newly appointed Zimbabwean Finance Minister Mthuli Ncube would like to employ a "big bang" economic reform program to the battered economy where unemployment is running above 80 percent, but recognizes politics will limit the speed for change.

MSCI is monitoring Argentina 'daily and very carefully': CEO

Sep 14 2018

NEW YORK MSCI , the global stock index provider, is closely monitoring how Argentina is navigating its financial turmoil, reiterating the decision to reclassify it as an emerging market could be reversed should it restrict market access, the company's chief executive told Reuters on Friday.

MSCI is monitoring Argentina 'daily and very carefully' -CEO

Sep 14 2018

NEW YORK, Sept 14 MSCI, the global stock index provider, is closely monitoring how Argentina is navigating its financial turmoil, reiterating the decision to reclassify it as an emerging market could be reversed should it restrict market access, the company's chief executive told Reuters on Friday.

For emerging market investors, U.S. sanctions on Russia will not pack same punch

Aug 03 2018

LONDON/NEW YORK A threat to impose sanctions on Russian sovereign debt transactions is one of the biggest financial weapons that the U.S. can deploy against the Kremlin, but Moscow's slide down the investment league table in recent years means the move will not pack the punch it once would have.

PREPA board names new leaders, date set for appointing new CEO

Jul 13 2018

NEW YORK Bankrupt Puerto Rico Electric Power Authority (PREPA) late on Friday named a new chairman and vice chairman of the board of governors a day after the majority of the board cited a lack of support by the island's governor and resigned in protest.

Global debt load at a record $247 trillion in first quarter - IIF

Jul 10 2018

NEW YORK The amount of debt held by both mature and emerging markets tracked by the Institute of International Finance rose to a record $247 trillion in the first quarter of 2018, up 11.1 percent from the same period a year ago.

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