Introduction Japan’s efforts to boost its economy and improve the livelihood of workers have taken a significant step forward as a government panel recommended a substantial increase in the national average minimum wage. Prime Minister Fumio Kishida has made wages a central focus of his policies, aiming to create a.

Introduction The International Monetary Fund (IMF) has announced a significant development in its financial support to Argentina, revealing a staff-level agreement that will unlock approximately $7.5 billion. The deal also paves the way for the successful completion of the fifth and sixth reviews of Argentina’s ongoing $44 billion loan program.

Introduction Diminishing inflation has been a critical factor in driving consumer sentiment to its highest level in nearly two years, as revealed by the University of Michigan’s closely watched survey. The final index of consumer sentiment for July came in at 71.6, reflecting a slight dip from the preliminary reading.

Introduction The United States has taken significant action against the alleged smuggling of U.S. dollars to Iran through Iraqi private banks. As part of a broader effort to curb illicit financial activities, U.S. financial authorities have imposed restrictions on fourteen Iraqi banks, effectively barring them from conducting dollar transactions. The.

Introduction The Reserve Bank of Australia (RBA) is poised to make another move in its ongoing battle against soaring inflation as a slim majority of economists in a Reuters poll predict a quarter percentage point interest rate hike on Tuesday. With inflation still running well above the target, the RBA.

Introduction The U.S. House of Representatives made a significant step towards funding the government for the fiscal year 2024 by passing the first spending bill in a series of twelve. These measures must be enacted by September 30 to avoid a government shutdown. However, Republican infighting over spending levels has.

Introduction Japan’s financial markets witnessed significant volatility as the Bank of Japan (BOJ) made a critical decision regarding its yield curve control (YCC) policy. This move has resulted in the benchmark bond yield surging to a nine-year high, prompting investors to rally behind the yen. The BOJ’s new approach retains.

Introduction China’s housing minister, Ni Hong, recently addressed a symposium attended by property developers and construction firms, emphasizing the critical need to address residents’ essential housing demands and improve living conditions. To boost the property market amidst economic recovery, Ni Hong proposed the implementation of effective measures, including lower mortgage.

Introduction In her first formal address to the media, Hafize Gaye Erkan, the newly appointed central bank chief of Turkey, introduced a groundbreaking monetary policy aimed at addressing the country’s alarming inflation rates. Foreign investors welcomed Erkan’s acknowledgment of the stark inflation pressures facing the nation. The policy entails a.

Introduction China’s financial regulator has taken a significant step to revitalize its economy as it grapples with the aftermath of the COVID-19 pandemic. On Thursday, the regulator revealed its intention to guide banks in amplifying credit allocation to the consumer service industry. The move comes as a strategic measure to.

Introduction The European Central Bank is on the verge of implementing its ninth successive interest rate hike on Thursday, in a bid to counteract the persistent surge in inflation and address concerns over an impending economic downturn. With interest rates having been raised by 4 percentage points since July of.

Introduction The Hong Kong Monetary Authority (HKMA) made a significant move on Thursday by raising its base rate through the overnight discount window by 25 basis points to 5.75%. This marks the highest rate in 16 years for Hong Kong. The decision came just hours after the U.S. Federal Reserve.