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Japan is giving up revenue now in the hope that stronger consumption and a 370 trillion yen public-private investment will deliver faster growth later.
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Rolling coverage of the latest economic and financial news Turning back to BP, more reaction is rolling in from clean energy and environmental campaigners on its bumper profits.
Commerzbank’s Tatha Ghose notes Turkey’s July Consumer Price Index (CPI) slowdown to 31.7% year-on-year masks still-strong underlying price momentum, with smoothed headline and core inflation above 2%…
Nigeria said it approved a $4.5 billion arrangement with the state-owned energy firm that will liberate funds to bolster foreign-exchange reserves and spending on the government’s ongoing…
Danske Research Team underscores strong United States (US) cyclical signals, with the ISM manufacturing index rising to 55.6 in July, beating expectations and June’s reading.
Japan may have spent as much as $36.6 billion buying yen in the first joint US-Japan action to support the currency since 1998.
Tech giants Apple, Microsoft, Alphabet and Nvidia are the other four companies to have previously recorded a market value of $3trn.