Category: Fiscal
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Reeves faces tough choices as fiscal headroom vanishes, raising tax hike fears
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Economists have warned that Chancellor Rachel Reeves has exhausted the temporary store of 9.9 billion pounds, which may force her to raise the income tax to cover unexpected economic shocks. The National Institute for Economic and Social Research (NIESR) said that slow growth and high interest rates have already eliminated…
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Israel’s fiscal deficit narrows after record state revenues
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Israel’s financial deficit has decreased sharply from 6.9 % of GDP in the twelve months until the end of December 2024 to 5.8 %, or 115 billion New, in the twelve months until the end of January 2025. The improvement in the financial deficit follows a record number of 63.1…
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Israel’s fiscal deficit falls below 7%
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Israel’s fiscal deficit narrowed for the third month in a row and ended 2024 at 6.9% of GDP, the Finance Ministry reported. The deficit in the twelve months until the end of December 2024 amounted to 136.2 billion shekels. After a year of war on several fronts and mass evacuations…
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Currency Exchange International to Report its 2024 Fourth Quarter and Fiscal Year End Results on January 22, 2025, and Host Earnings Conference Call on January 23, 2025 at 8:30 AM EST
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Article content TORONTO, January 15, 2025 (GLOBE NEWSWIRE) — currencyexchangeinternational,a company(the“a company”)(TSX: CXI;Otcp: Cairn)will announce its financial results for the fourth quarter and the end of the fiscal year 2024 (ending October 31, 2024) after the market close on Wednesday, January 22, 2025. After the release, Currency Exchange International Corp.…
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Israel’s fiscal deficit narrows for second straight month
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Israel’s fiscal deficit decreased for the second month in a row. Finance Ministry Accountant General Eli Rotenberg reported today that the deficit in the 12 months to the end of November this year amounted to 7.7% of GDP, or NIS 150 billion. In the 12 months to the end of…
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Federal government to table fiscal update next week
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Breadcrumb links news economy Fears that Ottawa will not meet its pledge to keep the deficit below $40.1 billion Published on December 9, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Deputy Prime Minister and…
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Fitch: Ceasefire could reduce fiscal risks
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Today, the international credit rating company Fitch issued an update on the credit file of the State of Israel, following the ceasefire agreement with Lebanon. “A permanent de-escalation of the armed conflict between Israel and Hezbollah – perhaps as a result of the 60-day ceasefire that began on November 27…
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Then They Fight You: Bitcoin and the United States’ Fiscal Crossroads
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Introduction Scholars dispute whether it was Mahatma Gandhi who first said, “First they ignore you, then they laugh at you, then they fight you, then you win.” What cannot be disputed is that advocates of bitcoin have adopted the aphorism as their own. Bitcoiners commonly prophesize that at some point,…
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US Treasury Pick Bessent ‘Is a Fiscal Hawk’: Wall Street Reacts
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(Bloomberg) — Hedge fund boss Scott Besent’s nomination Friday for U.S. Treasury secretary is offering bond investors a glimpse into the incoming administration’s sweeping economic agenda after an extensive search that included several prominent contenders. Most read from Bloomberg The $28 trillion U.S. Treasury market was effectively closed for the…
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Israel’s fiscal deficit narrows after 18 months of rises
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The Israeli fiscal deficit has shrunk for the first time since the beginning of the war. Finance Ministry Accountant General Eli Rotenberg reported today that the deficit in the 12 months to the end of October this year amounted to 7.9% of GDP, or NIS 154 billion. In the 12…
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Asia stocks rise; China volatile amid fiscal stimulus talk, weak inflation By Investing.com
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Investing.com — Asian stocks were mostly higher on Monday, while Chinese markets recorded heavy volatility after Beijing gave somewhat mediocre signals on its plans to distribute fiscal stimulus, as inflation data from the country was disappointing. Asian trading volumes were somewhat slow due to the Japanese market holiday. Regional markets…
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Factbox-China unveils fiscal stimulus measures to revive growth By Reuters
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BEIJING (Reuters) – China’s Finance Ministry on Saturday unveiled a fiscal stimulus package aimed at reviving the faltering economy and achieving the growth target set by the government, but did not reveal the size of the new measures. The ministry said in a press conference that it would “significantly” increase…
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Israel’s fiscal deficit widens for 18th consecutive month
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Israel’s fiscal deficit has risen again for the 18th consecutive month, after reaching zero in March 2023. The deficit in the 12 months to the end of September this year reached 8.5% of GDP, or NIS 165.8 billion, the accountant said. General of the Ministry of Finance, Yali Rotenberg. I…
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UK vehicle traders and manufacturers want strong fiscal incentives from government
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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UK vehicle traders and manufacturers want strong fiscal incentives from government
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Stocks Rally With Asia as China Pledges Fiscal Aid: Markets Wrap
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(Bloomberg) — European stocks and U.S. stock futures rose, tracking gains in Asia after China pledged fiscal stimulus, and technology shares rose. Most Read from Bloomberg Europe’s Stoxx 600 index rose 1% and Nasdaq 100 futures advanced after a strong revenue outlook from Micron Technology Inc. sent the stock higher…
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Stocks Rally With Asia as China Pledges Fiscal Aid: Markets Wrap
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(Bloomberg) — European stocks and U.S. stock futures rose, tracking gains in Asia after China pledged fiscal stimulus, and technology shares rose. Most Read from Bloomberg Europe’s Stoxx 600 index rose 1% and Nasdaq 100 futures advanced after a strong revenue outlook from Micron Technology Inc. sent the stock higher…
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Israel’s fiscal deficit climbs again
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Israel’s fiscal deficit rose again for the 17th consecutive month, after reaching zero in March 2023. The deficit in the 12 months to the end of August this year amounted to 8.3% of GDP, or NIS 161 billion, Finance Ministry Accountant General Yali Rotenberg reported today. The figure at the…
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Titan Machinery Inc. reports Q2 fiscal 2025 results By Investing.com
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Titan Machinery Inc. (NASDAQ: NASDAQ:) disclosed its financial results for the second quarter of fiscal 2025, revealing a net loss amid challenging market conditions. The company, which operates in the agricultural and construction industries, is grappling with lower demand due to decreased net farm income and increased interest rates. To…
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Titan Machinery Inc. reports Q2 fiscal 2025 results By Investing.com
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Titan Machinery Inc. (NASDAQ: NASDAQ:) disclosed its financial results for the second quarter of fiscal 2025, revealing a net loss amid challenging market conditions. The company, which operates in the agricultural and construction industries, is grappling with lower demand due to decreased net farm income and increased interest rates. To…