JAKARTA, March 9 (Reuters) - Indonesia will absorb the shock from oil price increases using its state budget and by raising the allocation to pay for fuel subsidies, its finance minister said on Monday.

Sustained higher oil prices resulting from conflict in the Middle East may fuel inflation in South Africa, though the buffers built by the government should help keep its debt-consolidation plans on track,

UK finance minister Rachel Reeves warned on Monday the country could face rising inflation due to the fallout of the US and Israel's war.

Rt. Hon. Speaker, I am grateful for the opportunity to make this statement on a matter that is very important to this Republic.

SAO PAULO, March 10 (Reuters) - Brazil's Finance Minister Fernando Haddad confirmed on Tuesday that he will step down next week and said that his deputy, Dario Durigan, is likely to succeed him. A formal announcement on who will take over the ministry,