China’s Fiscal Stability Remains Intact, Despite Rising Debt Risks in Local Governments”

China’s fiscal status overall is sound and safe, but recent reports indicate that certain local governments are encountering challenges related to high debt risks and mounting pressures for debt repayment. A finance ministry official, as cited by state media Xinhua news agency, shed light on the concerns. Amid growing unease.

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Indonesia’s Inflation Rate Eases to 4% in May, Meeting Central Bank’s Target Range

Indonesia’s annual inflation rate has shown signs of improvement as it eased to 4% in May, according to data released by the country’s statistics bureau. This figure matches the upper end of the target range set by Bank Indonesia (BI) and is a positive development for Southeast Asia’s largest economy..

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IMF Sees No Significant Slowdown in Lending, Indicating Potential for Further Rate Hikes

The International Monetary Fund (IMF) is closely monitoring lending trends as it gauges the potential impact on the U.S. Federal Reserve’s rate-hiking cycle. According to a recent CNBC report, IMF Managing Director Kristalina Georgieva stated that the organization has yet to observe enough banks pulling back on lending to prompt.

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President Joe Biden Signs Bill Raising US Debt Ceiling Amid Looming Default Crisis

In a crucial move to prevent a potentially damaging default, President Joe Biden has officially signed a bill into law, raising the United States’ debt ceiling. The pen stroke marks the denouement of a weeks-long drama in Washington that has had global markets nervously watching every twist and turn. The.

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Saudi Arabia Announces Additional Oil Production Cuts, Boosting Prices

Saudi Arabia’s recent announcement of additional oil production cuts has sent oil prices soaring, as the world’s top exporter aims to tighten the market in the coming months. Alongside this, the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, have also agreed to lower their production.

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EU Majority Opposes Network Fee Levy on Big Tech, Sources Reveal

Introduction In a recent update on the ongoing discussions surrounding the network fee levy on big tech companies in the European Union (EU), sources reveal that a majority of EU countries are against imposing such a fee. This revelation sheds light on the differing opinions within the EU regarding the.

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Latest US Financial News: Unemployment Rate, Debt Ceiling Deal, Social Security Checks, and More

The latest US financial news brings promising insights into the country’s economic landscape. The recent report on the unemployment rate reveals positive signs, reflecting a potentially improving economy and job market. Decline in Unemployment Rate Signals Economic Recovery According to the most recent data, the US unemployment rate has experienced.

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Biden’s Bipartisan Debt Ceiling Deal: A Key Focus in Oval Office Address

Introduction In a significant move for the U.S. economy, President Biden addressed the nation from the Oval Office, focusing on the bipartisan debt ceiling deal. This address marked an important milestone in resolving the ongoing issue of the debt ceiling. In this article, we will delve into the details of.

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Oman Emerges as a Key Trade Partner of Iran, Boosting Economic Cooperation

Oman, a nation known for its strategic location and vibrant economy, has recently taken significant steps towards establishing itself as a major trade partner of Iran. This burgeoning partnership holds immense potential for both countries, offering new avenues for economic growth and cooperation. In this article, we delve into the.

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Futures Surge as Historic Debt Deal Anticipated Prior to May Jobs Data

Introduction In an eagerly anticipated turn of events, futures markets have experienced a significant surge due to the expectation of a historic debt deal. This development comes just before the release of May jobs data, adding further excitement to the economic landscape. This article will delve into the details of.

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Argentine Beef Consumption Reaches Five-Year High Despite Inflation

Introduction Despite the significant impact of 109% inflation on food prices, a recent report from the Rosario grains exchange reveals that Argentines are expected to consume the highest amount of beef in five years in 2023. Argentina, a renowned major beef producer and a country where “asado” barbecues are deeply.

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GTA Home Prices Rise in May, Boosting Housing Market Recovery and Fueling Rate Hike Speculation

The housing market in the Greater Toronto Area (GTA) has continued to rebound, with May marking the fourth consecutive month of price increases. According to data released by the Toronto Regional Real Estate Board (TRREB) on Friday, the average price of a GTA home surged to nearly C$1.2 million, reflecting.

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