Inflation

South Korea extends fuel tax cut amid growing concerns over tax revenue

Finance Minister Choo Kyung-Ho stated that the fuel tax cut extension is necessary to mitigate the effects of surging international oil prices, which have put pressure on household budgets and exacerbated inflation.

Turkey 10-year bond yield surges to 28.8% amidst monetary policy shift

The central bank's decision to maintain a high key interest rate of 50% for the fifth straight meeting underscores its commitment to controlling inflation, despite the recent sharp drop in inflation rates. Concerns about the oversupply of the lira, fueled by high interest rates and foreign investment, continue to pose challenges to Turkey's economic stability.

Rising costs force record number of ramen shops to close in Japan

The beloved ramen industry in Japan is facing an unprecedented crisis as rising prices for ingredients, labor, and electricity lead to a record number of restaurant closures.

Resilient Singapore stocks offering robust dividends amid economic uncertainty

CSE Global (SGX: 544), a systems integrator specializing in electrification, communications, and automation solutions, has also demonstrated financial robustness. Operating across 16 countries with 58 offices and over 2,000 employees, CSE Global reported a notable 22.8% increase in revenue for 1H 2024, reaching S$428.9 million. The company has consistently paid out S$0.0275 per share annually over the past five years, reflecting its commitment to returning value to shareholders.

Jokowi highlights infrastructure and economic gains in final state address

Jokowi also celebrated social achievements, including a dramatic reduction in extreme poverty from 6.1% to 0.8%, as well as significant strides in education and healthcare.

Nikkei stock average surges over 1,000 points amid market optimism

The recovery was largely attributed to a speech delivered by Bank of Japan (BOJ) Deputy Governor Shinichi Uchida, who assured investors that the central bank would maintain its ultra-loose monetary policy.

Nikkei surges as U.S. retail data eases recession fears

The rally followed robust U.S. retail sales figures, which increased by 1% in July, reversing a revised 0.2% drop in June.

Jokowi prepares to hand over fiscal reins to Prabowo in state budget address

Jokowi has instructed his administration to work closely with Prabowo’s transition team to integrate the incoming president's programs into the budget. The finance ministry, under Sri Mulyani Indrawati, is leading these efforts, emphasizing the need for continuity and stability

Nikkei gains as Kishida announces resignation; market anticipates U.S. inflation data

Fed’s Goolsbee emphasizes data-driven decision-making over political or market influences

Goolsbee emphasized that the central bank's primary focus is on key economic metrics such as inflation, employment, and overall economic growth.