Kuwait's finance minister said on Wednesday that an increase in oil revenues due to higher crude prices would not cover the Gulf state's budget obligations and he called for radical economic reforms.
Wall Street slumped on Thursday and global stock markets declined after U.S. Federal Reserve Chair Jerome Powell repeated his pledge to keep credit flowing until Americans are back to work, rebutting investors who have openly doubted he can stick to that promise once the.
By Reuters Staff
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NAIROBI (Reuters) - Kenya will not be seeking further debt relief apart from what it has already secured through the G20’s debt suspension initiative, a senior Treasury official said on Wednesday.
The East African nation may return to international capital markets, if it does not secure enough cheap loans from financiers like the World Bank, and to manage its liabilities in a more sustainable manner, Harun Sirima, the head of public debt office, told reporters.
Reporting by Duncan Miriri; Editing by Shri Navaratnam
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MEXICO CITY, Feb 18 (Reuters) - The Mexican government will inject up to $1.6 billion into state oil company Petroleos Mexicanos (Pemex) this year and offer a tax break of 75 billion Mexican pesos ($3.68 billion), a senior official with direct knowledge of the matter told Reuters on Thursday.
The world’s most indebted oil company, Pemex had more than $110 billion in financial debt at the end of the third quarter last year while its liabilities far exceeded its assets. (Reporting by Ana Isabel Martinez; Writing by Stefanie Eschenbacher; Editing by Chizu Nomiyama)