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Trump Says He Could Cut Income Tax ’completely’ Through Tariff Revenue
Trump Says He Could Cut Income Tax ’completely’ Through Tariff Revenue
U.S. President Donald Trump said on Thursday his administration could slash federal income taxes "substantially" or even eliminate them "completely" within the next few years, relying on soaring tariff revenues.
James Whitman
The Race To Deploy Russia’s Frozen Assets Is Heating Up
The Race To Deploy Russia’s Frozen Assets Is Heating Up
It's been months since the European Union started working on a legal framework to use frozen Russian assets for a €140 billion ($162 billion) loan to Ukraine to bolster its war effort.
Samantha Luan
Trump: US To 'soon' Take Action Against Venezuela 'by Land'
Trump: US To 'soon' Take Action Against Venezuela 'by Land'
Donald Trump said the next move is to halt Venezuelan drug trafficking "by land"
James Whitman
Debt Auction, Growth Data To Decide Trajectory For India Bonds
Debt Auction, Growth Data To Decide Trajectory For India Bonds
Indian government bonds are set to open flat to marginally lower on Friday, continuing from the previous session's moves as traders brace for fresh debt supply via weekly auction, which would be followed by the nation's economic growth data.
Winkelmann
Asia-Pacific Markets Mixed as Tokyo Inflation Beats Forecast, Raising Rate Hike Prospects
Asia-Pacific Markets Mixed as Tokyo Inflation Beats Forecast, Raising Rate Hike Prospects
Asian stocks traded with limited direction as Tokyo's core inflation unexpectedly rose above expectations, raising speculation over a potential policy shift by the Bank of Japan. Investors also awaited India’s Q2 GDP data for fresh cues....
Gerik
U.S. Stocks Face Uncharacteristically Weak November Amid Tech Slump and Global Uncertainty
U.S. Stocks Face Uncharacteristically Weak November Amid Tech Slump and Global Uncertainty
U.S. markets are set to end November in negative territory, breaking a months-long winning streak and diverging from historical trends, as tech sector weakness and geopolitical tensions weigh on investor sentiment....
Gerik
China Demands Malaysia, Cambodia Clarify Trade Deals With US
China Demands Malaysia, Cambodia Clarify Trade Deals With US
China complained to Malaysia and Cambodia about the trade deals they signed with the US last month, underscoring the delicate balance countries must strike in the rivalry between Beijing and Washington.
Justin
Switzerland Delays Crypto Tax Info Sharing Until 2027
Switzerland Delays Crypto Tax Info Sharing Until 2027
Switzerland will enshrine a global crypto tax shSwitzerland has delayed implementing rules that would automatically exchange crypto account information with overseas tax agencies until 2027 and is still deciding which countries it will share data with.
Samantha Luan
Petrobras Cuts Dividend, Investment Projections In New Five-year Business Plan
Petrobras Cuts Dividend, Investment Projections In New Five-year Business Plan
Brazilian state-run oil firm Petrobrashas lowered its dividend forecast and cut expected investments by almost 2% in a new five-year business plan announced Thursday, as it grapples with lower crude prices.
Samantha Luan
North Korea Suspected in $30 Million Hack of South Korea’s Largest Crypto Exchange Upbit
North Korea Suspected in $30 Million Hack of South Korea’s Largest Crypto Exchange Upbit
South Korean authorities suspect North Korea’s Lazarus Group was behind a recent $30.4 million crypto heist at Upbit, echoing a similar 2019 attack....
Gerik
Rupee At Risk Of All-time Low, Leans On Central Bank For Support
Rupee At Risk Of All-time Low, Leans On Central Bank For Support
The India rupee is poised to open weaker on Friday, with the imbalance between robust importer hedging and hesitant exporter flows making it vulnerable to a lifetime low and dependent on central bank support.
Justin
China Seeks French Support Amid Growing Diplomatic Rift with Japan
China Seeks French Support Amid Growing Diplomatic Rift with Japan
China has approached France for diplomatic backing following contentious remarks by Japan's Prime Minister regarding Taiwan, highlighting rising geopolitical tension in East Asia....
Gerik
Australia’s New Environmental Law: Balancing Growth and Conservation
Australia’s New Environmental Law: Balancing Growth and Conservation
Australia has passed a major environmental law reform that updates the outdated 1999 legislation, boosting environmental protections and accelerating approval processes for major development projects...
Gerik
Sheinbaum Pushes Attorney General Out Amid Fuel Smuggling Probe
Sheinbaum Pushes Attorney General Out Amid Fuel Smuggling Probe
Mexico's Attorney General Alejandro Gertz Manero resigned under pressure from President Claudia Sheinbaum, who had grown increasingly frustrated over his handling of high-profile investigations.
Samantha Luan
NZD/USD Posts Major Reversal Higher After RBNZ Cut
NZD/USD Posts Major Reversal Higher After RBNZ Cut
While US Markets are away for the Thanksgiving holiday, leaving the broader session fairly calm, the FX markets remain open and active, with all eyes turning to the Kiwi Dollar (NZD), posting yet another strong session.
OANDA
Hong Kong Nears End Of Search And Rescue Mission As Tower Fire Toll Rises To 94
Hong Kong Nears End Of Search And Rescue Mission As Tower Fire Toll Rises To 94
Hong Kong fire authorities said they expected to wrap up search and rescue operations after the city's worst fire in nearly 80 years tore through a massive apartment complex on Friday, killing at least 94 people and leaving scores more missing.
Winkelmann
Nexperia Says Clients Still Reporting Imminent Production Halts
Nexperia Says Clients Still Reporting Imminent Production Halts
Nexperia warned that customers across industries are facing impending production halts, while calling on its Chinese unit to take concrete steps to re-establish dialog.
Justin
Tokyo Inflation Beats Forecast, Keeping BOJ On Rate Hike Path
Tokyo Inflation Beats Forecast, Keeping BOJ On Rate Hike Path
Tokyo's inflation held steady and industrial output unexpectedly rose, keeping the Bank of Japan (BOJ) on track to consider an interest rate hike in December or January.
Justin
Japanese Yen Forecast: Sticky Tokyo Inflation Clash With Fed Cut Bets
Japanese Yen Forecast: Sticky Tokyo Inflation Clash With Fed Cut Bets
USD/JPY took the spotlight in early trading on Friday, November 28. Japanese inflation figures fueled speculation about a Bank of Japan rate hike.
Winkelmann
Huawei, ZTE Seal 5G Deals In Vietnam After US Tariffs, As Ties With China Warm
Huawei, ZTE Seal 5G Deals In Vietnam After US Tariffs, As Ties With China Warm
China's leading telecommunication firms Huawei and ZTE,have won a string of contracts this year to supply 5G equipment in Vietnam, in another sign of Hanoi's strengthening bonds with Beijing, stirring concern among Western officials, seven people with direct knowledge of the situation told Reuters.
Samantha Luan
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