The EURJPY cross extended its decline near 168.85 during early European trading on Monday, with the Euro attracting some sellers amid the uncertainty over the political scenario in France. President Emmanuel Macron dissolved the French national assembly and announced a snap election after exit polls indicated that his Renaissance party would be defeated by the far-right … Read more
WASHINGTON — On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America.The Democrat tells voters that companies should pay more in taxes and he blames many businesses for fueling higher prices by stoking “greedflation” and “shrinkflation.”But for the past several months, top Biden administration officials have also stepped up … Read more
Azerbaijan President Ilham Aliyev on Thursday made fresh statements in support of the north’s potential accession to the Organisation of Turkic States (OTS), going further than he had previously to support the north becoming a full member.He said his country is making “diplomatic efforts” for the north to become an observer member of the OTS, … Read more
The latest meeting between Turkish Cypriot farmers and the north’s ‘government’ over the ongoing dispute regarding imported meat ended without result on Friday, the north’s animal producers’ and breeders’ union chairman Mustafa Naimogullari said on Friday.Naimogullari had met with ‘prime minister’ Unal Ustel, ‘finance minister’ Ozdemir Berova, ‘agriculture minister’ Huseyin Cavus, and ‘economy minister’ Olgun … Read more
Following Wednesday’s choppy action in foreign exchange markets, investors are gearing up for key events that could ramp up the volatility. The European Central Bank will announce monetary policy decisions on Thursday and the US economic calendar will feature weekly Initial Jobless Claims and Unit Labor Costs data for the first quarter ahead of Friday’s … Read more
Gold traders and investors expected the European Central Bank to cut interest rates by 25 basis points for the first time since 2019 in its meeting on Thursday, making it the first reversal in the bank’s hawkish monetary policy in five years. The Euro and the equities markets in Europe had already priced a major chunk of … Read more
Tax Policy The differences in proposed tax policy between the presumptive presidential candidates, at this point, in the two main parties — President Joe Biden and former President Donald Trump — are vast, according to Garrett Watson, senior policy analyst with Tax Foundation, a nonpartisan tax policy think tank. “The differences between what (the candidates) … Read more
Massachusetts collected $260 million less in tax revenue in May. But the state is still ahead of projections for the year as lawmakers head into the final furlong of budget season.The state collected nearly $2.5 billion last month, according to new state Revenue Department data. That’s 9.6% less than actual collections in May 2023, and … Read more
Silver recovered further to $30.60 in Thursday’s Asian trading. The white metal discovers strong buying interest, as normalising US labour market conditions boost speculation that the Federal Reserve will start reducing interest rates in the September meeting. The CME FedWatch tool shows that traders see a 68% chance for rate cuts in September. The probability … Read more
State economists Mark McMullen, left, and Josh Lehner answer questions from Oregon lawmakers in 2015. McMullen gave his final economic and revenue forecast to a legislative committee on Wednesday.Jonathan J. Cooper / AP Oregon economists offered caution Wednesday that a financial rough patch could be on the horizon — but that might not be enough … Read more