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Economy

Economy

Indonesia’s president says VAT hike to apply only on luxury goods

JAKARTA (Reuters) – Indonesia’s President Prabowo Subianto on Tuesday said a planned increase in value-added tax (VAT) rate by one percentage point…
Economy

China’s GDP to hit government’s target for 2024: President Xi

Investing.com — China’s economy is on track to expand by about 5% in 2024, President Xi Jinping said, signaling the country is…
Economy

European stocks slip as bond yields stay high

(Reuters) – European stocks edged lower on Monday as elevated government bond yields prompted investors to pull out of equities at the…
Economy

Wall St futures slip on elevated Treasury yields

(Reuters) – U.S. stock index futures slipped in light trading volumes on Monday as elevated Treasury yields threatened to pressure a historically…
Economy

Turkey’s fuel, tobacco tax moves will not harm inflation goal, Simsek says

ISTANBUL (Reuters) – Turkey’s tax hikes for fuel and tobacco next year will be set in a way that will not endanger…
Economy

Analysis-Lula’s embrace of new Brazil central banker has markets wary

By Marcela Ayres BRASILIA (Reuters) – After months of rancor, ties between President Luiz Inacio Lula da Silva and Brazil’s central bank…
Economy

Pakistan’s economy grows 0.92% in Q1 of ongoing fiscal year

KARACHI (Reuters) – Pakistan’s economy grew by 0.92% in the first quarter of the fiscal year 2024-25, despite a contraction in the…
Economy

Italian parliament gives final approval to government’s 2025 budget

ROME (Reuters) – The Italian Senate on Saturday passed the government’s deficit-cutting 2025 budget, giving parliament’s final approval to the package which…
Economy

Why Fed Chair Jerome Powell is walking an old tightrope into 2025

Investing.com — Federal Reserve Chair Jerome Powell is navigating familiar territory as he heads into 2025, aiming to balance the central bank’s…
Economy

Tunisia central bank keeps key rate at 8%

TUNIS (Reuters) – Tunisian central bank said on Saturday it had left its benchmark interest rate unchanged at 8%, adding that borrowing…
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