Finance Minister | featured news

Former Argentine finance minister Felisa Miceli is sentenced to four years in jail for corruption after about $52,000 was found in her office bathroom. A court found her guilty of covering up an allegedly illegal financial operation and of obstructing justice.

Yannis Stournaras, a well-respected liberal economist, was appointed Greece's new finance minister on Tuesday after the sudden resignation of the first choice for the job at a crucial moment for the debt-laden country.

Greece's private sector creditors could take a loss of more than 70 percent in a planned debt swap, Finance Minister Evangelos Venizelos said on Tuesday.

Finance Ministers and Central Bankers from members states within the Group of 20 said Saturday they saw no imminent threat of a recession as the European debt crisis unfolds.

Egypt's military rulers have rejected the resignation of Hazen Beblawi, a top official who served as both the deputy prime minister and finance minister.

Stocks rallied Monday as investors bet that European finance ministers would take action soon to prop up the region's unstable economies.

European Union finance ministers tried to broaden efforts to contain the region's debt crisis on Tuesday and Spanish public sector workers protested over government cutbacks.

Japan's aged finance minister is to quit due to poor health after weeks of exhausting wrangling over the budget, the Nikkei news agency said on Tuesday, a fresh blow for Prime Minister Yukio Hatoyama as he struggles with a frail economy and huge public debt.