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Showing 11 - 20 of 21 results for "Ministry of Finance"

A "race to the bottom" in currencies

JOHN MCDULING  |  FRIDAY, 17 SEP 2010
... competitiveness through artificial currency debasement, analysts say. After six years of abstinence, the Japanese Ministry of Finance succumbed to the rising Yen, intervening in currency markets on Wednesday. "There is a concern that what we saw from ...

Norwegian pension excludes tobacco firms

PRESS RELEASE  |  MONDAY, 1 FEB 2010
The Norwegian Ministry of Finance is excluding the $518 billion Government Pension Fund Global from investing in 17 tobacco companies including British American Tobacco, Philip Morris and Japan Tobacco. The Ministry of Finance drafted rules states the ...

China's SWF on hiring spree

RUTH LIEW  |  WEDNESDAY, 17 JUN 2009
... was established on September 29th 2007 with the issuance of special bonds worth RMB 1.55 trillion by China's Ministry of Finance. These were, in turn, used to acquire approximately US$200 billion of China's foreign exchange reserves and formed the foundation ...

Net tightens on executive pay

RUTH LIEW  |  FRIDAY, 29 MAY 2009
... independent directors. Other countries are already taking steps to curb excessive spending on exec pay. The Ministry of Finance in China for instance has ordered all state-owned financial institutions to cap pay for top executives at 90 percent of the ...

Norway SWF adopts ESG

RUTH LIEW  |  THURSDAY, 16 APR 2009
... and new measures, at the same time as we are maintaining the existing instruments," said Halvorsen. Norway's Ministry of Finance is also signing up to the UN Principles for Responsible Investment (PRI) and is going to participate directly in other international ...

China caps executive pay

ALEX DUNNIN  |  TUESDAY, 14 APR 2009
... save their economies could also look to the Asian tiger to solve the problem of excessive executive pay. The Ministry of Finance in China has ordered all state-owned financial institutions to cap pay for top executives at 90 percent of the level they ...

SWFs finalise principles

MICHAEL HOBBS  |  MONDAY, 8 SEP 2008
... voluntary principles which aim to shed some light on the investment activities of the sector. Speaking at a Ministry of Finance of Chile conference, John Lipsky, first deputy managing director of IMF said the International Working Group (IWG) had agreed ...

India's report card

ALEX DUNNIN  |  WEDNESDAY, 23 APR 2008
... timely to walk through the Indian economy's fundamentals. The Latest monthly economic report from the Indian Ministry of Finance said GDP growth is dipping during 2007-08 to 8.7 per cent, down from 9.6 per cent last year. Reflecting the drop, industrial ...

Hello kitty

SUZY MAC  |  THURSDAY, 4 OCT 2007
... (A$3.4 billion) investment in the US private equity group Blackstone. According to company sources, China's Ministry of Finance (MOF) will keep pouring foreign exchange into the new company. The company's management have so far not disclosed how much ...

Nipping at the Tiger's tail

SUZY MAC  |  THURSDAY, 3 MAY 2007
... almighty Temasek Holdings, the investment arm of the Singapore Government, is 100 per cent owned by their Ministry of Finance and has a controlling stake of almost $23 billion worth of Australian assets. There's a savings and investment lesson in that ...