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New York Plays Russian Roulette with Its Fiscal Future | National Review
By caving in to public employee unions, the state’s leaders seem determined to follow the road to fiscal hell. Source link
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Fiscal
Business
Banks drag STI below 5,000 post-Budget, but analysts see ample ‘fiscal dry powder’
The scaled-back handouts leave room for future support; the new measures could enable the continued recovery of the capital market The…
Business
Rupiah may sink past record low as fiscal woes erode BI support
The central bank is expected to keep its policy rate unchanged when it meets on Wednesday to anchor the currency Indonesia’s rupiah looks…
Business
AI, liquidity to drive Asia markets in 2026 amid US fiscal risks: Schroders
The technology sector remains the cornerstone of Schroders’ bullish thesis for the region In 2025, US fiscal and geopolitical headwinds…
Business
Ringgit rally, fiscal strength fuel Malaysia’s bond momentum
Malaysia’s improving fiscal outlook, moderating inflation and resilient currency are enhancing the appeal of its bonds, positioning them…
Business
Foreigners turn net sellers of Indonesian bonds on fiscal fears
Indonesia is now the only South-east Asian market seeing net foreign bond outflows this year Global funds have turned net sellers of…
Business
Europe: Shares fall as US rate cut expectations wane; UK fiscal worries resurface
EUROPEAN shares fell on Friday (Nov 14), as hawkish commentary from US policymakers dampened expectations of an imminent interest rate…
Business
Tokyo: Nikkei surges to record after election win by fiscal dove Takaichi
Japan’s Nikkei share gauge surged past the 46,000 level for the first time on Monday after fiscal dove Sanae Takaichi was elected to lead…
Business
Indonesian yield curve steepest since early 2023 on fiscal fears
Longer-dated rupiah bonds are also vulnerable to moves in US Treasuries due to the heavier concentration of global investors in those…
Business
Qantas trims executive bonuses by 15% for fiscal 2025 over cyber hack
RALIA’S Qantas Airways has cut short-term bonuses for its top executives and CEO by 15 per cent in fiscal 2025 after a cyber hack earlier…
Business
Europe: Stoxx 600 ends near one-month low as bond yields rise on fiscal woes
EUROPEAN shares finished near one-month low on Tuesday after a broad-based selloff, driven by a rise in bond yields as investors grew…
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Indonesia bonds may gain more on dovish policy, fiscal outlook
Bank Indonesia’s (BI) dovish stance and easing concerns over the nation’s fiscal policy are fuelling expectation that government bonds…
Business
Gold could test US$4,000 an ounce amid fiscal fears, escalating trade tensions: market watchers
While gold has cemented itself above US$3,000 an ounce in 2025 amid trade uncertainty and US fiscal fears, a bullish forecast could see…
Business
Bank of Japan urged to keep or slow bond taper pace from fiscal 2026
The Bank of Japan (BOJ) received a sizeable number of requests to maintain or slightly slow the pace of tapering in its bond purchases…
Business
Gold heads for best week in more than a month on US fiscal worries
GOLD was set for its best weekly gain in more than a month on Friday, as a softer dollar and mounting concerns about the deteriorating…
Business
H&M Net Profit Down 53% in Fiscal Q1 As Gross Margin Contracts
PARIS – Hennes & Mauritz AB said net profit halved in the first quarter as its gross margin came under pressure from markdowns, ongoing…
Business
Haider Ackermann’s Inaugural Collection for Canada Goose Lifts Fiscal Q3 Results
Canada Goose, the luxury outerwear, apparel, footwear and accessories brand, managed to improve its bottom line in its fiscal third…
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China has ample fiscal space to bolster growth this year
BEIJING (Reuters) - China has ample fiscal policy space and tools to support economic growth this year and it will step up spending to…
Business
Microsoft expects to spend US$80 billion on AI this fiscal year
MICROSOFT president Brad Smith on Friday (Jan 3) said the company is on track to pump about US$80 billion into artificial intelligence…
Business
Mexico has room to boost tax revenues without fiscal overhaul, president says
MEXICO CITY (Reuters) - Mexico has room to boost tax revenues next year without turning to a deep fiscal reform, President Claudia…