China to increase budget deficit, ramp up govt bond issuance to support growth
BEIJING (Reuters) – China will raise its budget deficit ratio, intensify fiscal spending and accelerate expenditure in 2025, the finance ministry said on Tuesday. The government will arrange for a larger scale of government bonds to provide more support for…
China plans $411 billion special treasury bond issuance next year, sources say
(Reuters) – Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year, two sources said, which would be the highest on record, as Beijing ramps up fiscal stimulus to revive a faltering…
Thai cabinet approves handouts, minimum wage increase and tax breaks, PM says
BANGKOK (Reuters) – Thailand’s cabinet on Tuesday approved new minimum wage increases from January, tax breaks to boost spending and the second phase the government’s signature handout scheme, the prime minister said. Paetongtarn Shinawatra also told reporters she hoped for…
Australia stocks higher at close of trade; S&P/ASX 200 up 0.24%
Investing.com – Australia stocks were higher after the close on Tuesday, as gains in the A-REITs, Healthcare and Energy sectors led shares higher. At the close in Sydney, the S&P/ASX 200 gained 0.24%. The best performers of the session on…
Elon Musk’s xAI raises $6 bln in funding round including Nvidia, AMD
Investing.com– xAI, the artificial intelligence start-up founded by billionaire Elon Musk, said on Monday it had raised $6 billion in a series C funding round, which included participation from NVIDIA (NASDAQ:NVDA) and AMD (NASDAQ:AMD). The latest round puts xAI’s valuation at…
Japan stocks lower at close of trade; Nikkei 225 down 0.26%
Investing.com – Japan stocks were lower after the close on Tuesday, as losses in the Railway & Bus, Transport and Fishery sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.26%. The best performers of the…