As grandees of the investment world fall over themselves to warn of long-absent inflation up ahead, financial markets appear ever calmer about the risks of that new regime unfolding.
China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders, sources said.
5 Min Read
LONDON/TOKYO (Reuters) - World stock prices teetered near record highs on Wednesday, while U.S. bond yields touched their lowest levels in a month, as investors bet the Federal Reserve is some way off from tapering its economic stimulus.
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 8, 2021. REUTERS/Staff/File photo
Focus is locked on Thursday’s release of U.S. consumer price data and a European Central Bank meeting for further clues about how soon policymakers may begin to withdraw support for Europe’s economy rolled out following the COVID-19 crisis.
Suriname requested a 70% nominal haircut on its debt to external commercial creditors and a 30% cut on its debt to official creditors, the government said on Wednesday.
By Reuters Staff
1 Min Read
BUDAPEST, June 9 (Reuters) - Hungarian Prime Minister Viktor Orban said on Wednesday he would propose a 550 billion to 580 billion forint ($1.93 billion to $2.04 billion) income tax rebate for families next year if economic growth exceeds current government forecasts.
Orban said if growth in 2021 reaches 5.5%, above the governemnt’s 4.3% forecast, those earning the average wage or less should get a personal income tax refund in the first two months of the 2022 election year. ($1 = 284.85 forints) (Reporting by Gergely Szakacs)