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Japan’s minority government signed off on a $140-billion stimulus drive aimed at putting more money in consumers’ pockets (Richard A. Brooks) Japan’s minority government signed off Friday on a $140-billion stimulus drive aimed at putting more money in consumers’ pockets after the ruling party’s worst election result in 15 years. The October 27 contest saw […]
WASHINGTON – Viral social media stories and posts that claim taxpayers in some states will receive a $2,000 (or more) government stimulus check as the holiday season begins are again making the rounds online. This rumor has resurfaced several times over the past year and has recently gained traction again following Donald Trump’s election as […]
It is no secret that Japan has lost ground in the artificial intelligence (AI) and semiconductor markets over the last five years. The COVID-19 pandemic convulsed Japanese production lines and supply chains, leaving innovation hubs and industrial complexes heavily reliant on offshore resources to fulfill demand, both for domestic consumption and for exports. To revive […]
Wage hikes and temporary income tax cuts were positive factors for growth in Japan (Richard A. Brooks) Japan’s growth slowed in the third quarter, official data showed Friday, as Prime Minister Shigeru Ishiba seeks to jumpstart the world’s fourth-largest economy. One of the fiercest typhoons to hit Japan in decades and a government “megaquake” warning […]
All told, the S&P 500 rose 22.44 points to 5,995.54. The Dow gained 259.65 to 43,988.99, and the Nasdaq composite edged up 17.32 to 19,286.78. In the bond market, longer-term Treasury yields eased. A preliminary report in the morning suggested sentiment among US consumers rose for a fourth straight month to its highest level in […]
China has announced a local government debt rescue program days after Trump won the US election. Trump has threatened tariffs of 60% on Chinese goods, complicating China’s economic gloom. China’s economy faces multiple issues, including a property crisis and high youth unemployment. Thanks for signing up! Access your favorite topics in a personalized feed while […]
Pictured here is a construction site of property developer Hongkong Land, in Shanghai on Nov. 4, 2024. Feature China | Future Publishing | Getty Images BEIJING – China is widely expected to unveil more stimulus on Friday after its parliament ends a five-day meeting. Authorities here have ramped up stimulus announcements since late September, fueling […]
Mumbai (Maharashtra) [India], November 5 (ANI): Stock markets in India continued their downward trend on Tuesday, indicating continuous selling by foreign investors. The Nifty 50 index declined by 78 points to open below the 24,000 mark at 23,916.50 points, while the BSE Sensex also plummeted by 240 points to open at 78,542.16. Experts noted that […]
US Treasury Secretary Janet Yellen and China’s deputy finance minister Liao Min met in Washington on Friday to discuss macroeconomic policy developments, including Beijing’s most ambitious stimulus measures since the coronavirus pandemic. Earlier this week, Yellen criticised Beijing’s recent economic measures for lacking initiatives to boost consumer spending, saying she had not “really heard policy […]
Ray Dalio, billionaire and founder of Bridgewater Associates LP, during a Bloomberg Television interview in New York US, on Wednesday, April 3, 2024. Victor J. Blue | Bloomberg | Getty Images China must employ a “beautiful deleveraging” in addition to its recent stimulus measures in order to avoid a debt crisis, said Bridgewater Associates founder […]