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Italy PM to get backing for deficit hike after surviving coalition ambush

Italian Prime Minister Giuseppe Conte won near unanimous parliamentary backing for extra spending for the COVID-hit economy on Wednesday, just hours after he narrowly survived an attempt by a junior coalition partner to unseat him. Laying aside their normal animosity, opposition and coalition parties joined forces to approve the 32-billion-euro ($38.7 billion) stimulus package in both houses of parliament. The money will be used to help the hard-pressed national health service, fund grants to ...
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Source: yahoo.com

Muhyiddin announces new RM15b Permai stimulus package | Malaysia

Monday, 18 Jan 2021 04:24 PM MYT BY EMMANUEL SANTA MARIA CHIN The live telecast of Prime Minister Tan Sri Muhyiddin Yassin speech about the movement control order January 11, 2020. The Malaysian Economic and Rakyat Protection Assistance Package, dubbed the Permai aid package, will include 22 new initiatives that Muhyiddin said will put money in people’s pockets and ensure the survival of businesses. — Picture by Choo Choy May Subscribe to our Telegram channel for the latest updates on news ...
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EU Striving to Buttress Euro to Erode US Dollar's Dominance, Report Says

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Gold steadies as U.S. stimulus prospects offset firm dollar

Gold prices edged higher on Monday on the prospect of extended U.S. fiscal stimulus and accommodative monetary policies, although bullion held close to the 1-1/2 month low hit earlier as the dollar extended gains. Spot gold was up 0.3% to $1,831.49 per ounce by 1236 GMT, after falling to $1,809.90, its lowest since Dec. 2. "This new (U.S.) government will provide more economic stimulus and also the policy of the U.S. Federal Reserve is unlikely to become more hawkish going forward," ...
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Source: yahoo.com

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