Introduction South Korea’s finance ministry unveiled a series of tax code revisions aimed at stimulating domestic growth and supporting key industries. The proposals, which include tax cuts to encourage companies to repatriate operations and bolstering the biopharmaceutical and visual entertainment sectors, seek to reduce the country’s reliance on traditional manufacturing.

Introduction In a bid to curb persistently high inflation rates, Pakistan’s central bank is anticipated to increase its key interest rate once more, giving in to pressure from the International Monetary Fund (IMF). The move comes after the IMF approved a new bailout arrangement for the South Asian nation, preventing.

Introduction The Federal Reserve is gearing up for a significant move in its ongoing efforts to curb surging inflation. On Wednesday, the central bank is expected to raise interest rates by a quarter of a percentage point, marking the 11th hike in the past 12 policy meetings. This latest increase,.

Introduction The Bank of Japan (BOJ) is facing mounting pressure to address the persistently high inflation levels in the country, prompting the International Monetary Fund’s (IMF) chief economist, Pierre-Olivier Gourinchas, to advocate for proactive measures. Ahead of the much-awaited BOJ meeting on Friday, Gourinchas has suggested that the central bank.

China, one of the world’s economic powerhouses, has set a 5% growth target for the current year. This goal, initially perceived as attainable, is now drawing scrutiny from experts and analysts alike. The apparent ease in achieving this growth is attributed to favorable base effects resulting from one of China’s.

Introduction Australian inflation showed a surprising deceleration in the second quarter of 2023, primarily driven by lower costs of domestic holidays and petrol. This unexpected slowdown is seen as a significant development that could alleviate pressure on the Reserve Bank of Australia (RBA) to raise interest rates. Investors have already.

Introduction The Thai finance ministry has adjusted its economic growth outlook for 2023, lowering it from the earlier projection of 3.6% to 3.5%. This revision comes as a result of contrasting factors impacting the nation’s economy. While the tourism industry is showing signs of recovery, exports, a crucial driver of.

Introduction In response to the persistently challenging inflationary environment, the Bangko Sentral ng Pilipinas (BSP) has expressed its readiness to take action by resuming the tightening of monetary policy. High-ranking officials, including BSP Deputy Governor Francisco Dakila, emphasized the central bank’s commitment to achieving its inflation target of 2%-4% by.

Introduction South Korea’s economy defied projections and accelerated at a faster pace than anticipated during the second quarter of the year, buoyed by notable improvements in trade. However, a slowdown in consumer and business spending has raised discussions about the possibility of the central bank adopting a more accommodative monetary.

Introduction China’s major state-owned banks have taken action to bolster the Chinese yuan’s value by selling U.S. dollars in both onshore and offshore spot markets. Three individuals with direct knowledge of the matter reported these moves, signaling China’s determined efforts to support its currency. Normally trading on behalf of the.

Introduction Canada has taken a significant step towards combating climate change by releasing a comprehensive framework to eliminate inefficient fossil fuel subsidies. As the first G20 nation to deliver on a commitment made in 2009 to rationalize and phase out government support for the sector, the move has garnered both.

On Tuesday, the euro experienced a dip, hitting a two-week low against its major counterparts. The currency’s decline came in response to a deepening downturn in the euro zone’s business sector. Lingering concerns over the bloc’s economic prospects muddied the outlook for interest rates, even in the face of a.