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Fiscal policy

Indian Prime Minister Modi set to take oath for a third time as allies pledge support

by Walter Watson
Indian Prime Minister Modi set to take oath for a third time as allies pledge support

Indian Prime Minister Narendra Modi’s National Democratic Alliance (NDA) formally named him on Wednesday to lead a new coalition government for a third straight term, a day after it regained …

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Big change in global growth is bullish for commodities: VanEck CEO

by Walter Watson
Big change in global growth is bullish for commodities: VanEck CEO

Investors should consider commodities due to a “big change” involving international expansion, according to VanEck CEO Jan van Eck. “The world economy started growing again,” van Eck told CNBC’s “ETF …

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Opinion | Hold the bazooka: weak China growth, low stimulus is new normal

by Anas Siddiqui
Opinion | Hold the bazooka: weak China growth, low stimulus is new normal

This partly explains why the government has stepped up support for the crisis-ridden housing market. Beijing has intensified pressure on banks to assist vulnerable developers, cut mortgage rates to stimulate …

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China pushes banks to speed up approvals of new loans to private developers: Reuters

by Walter Watson
China pushes banks to speed up approvals of new loans to private developers: Reuters

Chinese regulators are pushing banks to speed up approvals of new loans to cash-starved private property developers, people with knowledge of the matter said, a bid to revive homebuyer sentiment …

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U.S. funding bill blocks China from buying oil from Strategic Petroleum Reserve

by Walter Watson
U.S. funding bill blocks China from buying oil from Strategic Petroleum Reserve

A measure in the U.S. funding legislation unveiled by congressional leaders on Sunday would block China from buying oil from the Strategic Petroleum Reserve, or SPR. The desire for a …

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Chinese investment bank joins chorus of experts as calls for fiscal stimulus intensify

by Walter Watson
Chinese investment bank joins chorus of experts as calls for fiscal stimulus intensify

A leading Chinese investment bank has amplified calls for Beijing to bolster fiscal support to consumers and businesses, citing a relative gulf in effect for pandemic-era stimulative actions taken by …

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Fed sparks irrational market optimism on possible rate cuts: Sheila Bair

by Ron Morgan
Fed sparks irrational market optimism on possible rate cuts: Sheila Bair

Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair. Bair, who ran the FDIC during the 2008 financial …

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Argentina’s economic measures devalues its currency and cuts subsidies

by Ron Morgan
Argentina’s economic measures devalues its currency and cuts subsidies

Argentina’s President Javier Milei addresses the public before lightning the giant Menorah candelabrum, set up for the traditional Jewish Hanukkah (Chanukah) Festival of Lights at a park in Buenos Aires …

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Thailand’s new prime minister boosts optimism, but his populist policies pose fiscal risks

by Walter Watson
Thailand’s new prime minister boosts optimism, but his populist policies pose fiscal risks

Srettha Thavisin, Thailand’s prime minister, arrives at the Thai Parliament in Bangkok, Thailand, on Monday, Sept. 11, 2023. Valeria Mongelli | Bloomberg | Getty Images Months of political deadlock and …

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NC Budget Deal Features Income Tax Relief And Universal School Choice

by Anas Siddiqui
NC Budget Deal Features Income Tax Relief And Universal School Choice

North Carolina flag getty Official text of the new two-year state budget agreement reached between North Carolina House and Senate leaders was officially released Wednesday, September 20. The budget deal …

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