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India to scrap capital gains tax on foreign investment in government bonds - ET
On early Thursday, a report from The Economic Times (ET) has shown that the Indian government plans to scrap capital gains tax on investments in government securities by foreign portfolio investors (FPIs), in an attempt to improve the inflow of foreign funds into the economy.Fxstreet
Thu, Jun 4
Australian Dollar inches higher against Japanese Yen following Trade Balance data
AUD/JPY pares its daily losses, remaining in the negative territory and trading around 114.10 during the Asian hours on Thursday. The receives minor support as the Australian Dollar (AUD) gains following the release of Australia’s Trade Balance data.
Fxstreet
Thu, Jun 4
House passes war powers resolution to halt Trump’s authority in Iran
The Republican-led House voted to curb the US war with Iran, breaking with US President Donald Trump on an unpopular foreign conflict that is taking an escalating economic toll on Americans, Bloomberg reported on Wednesday.Fxstreet
Thu, Jun 4
Fed’s Logan: Inflation is taking too long to return to 2%
Lorie Logan, President of the Federal Reserve (Fed) Bank of Dallas, said on Wednesday that inflation remains too elevated and warned that higher interest rates could be needed later this year if price pressures fail to ease further.
Fxstreet
Wed, Jun 3
Philippines: Inflation risks and BSP stance – DBS
DBS Group Research’s Radhika Rao expects Philippines inflation to climb further above the Bangko Sentral ng Pilipinas’ (BSP) target, driven by food, fuel and currency weakness. She notes some easing in sequential pressures from lower fuel prices and utilities.Fxstreet
Wed, Jun 3
"Economic activity increases at a moderate pace”: Fed’s Beige Book shows resilient growth amid inflation concerns
The Federal Reserve (Fed) released the latest Beige Book on Wednesday, which the Federal Open Market Committee (FOMC) uses in discussions about setting monetary policy. The Beige Book gathers information from the Fed's 12 districts and provides an overall picture of the US economy.Fxstreet
Wed, Jun 3
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