The releases of employment change and the unemployment rate for Australia are expected on February 21, at 2:30 MT time.
South Korea signals broad tax lifts
South Korea requires raising taxes broadly on the general population, and with the affluent taxed to a greater degree for the purpose paying for more jobs as well as welfare programs, as the head of the country's presidential jobs committee, Lee Yong-sup informed on Thursday.
The statesman told that advanced countries are used to collecting approximately 25% of GDP in taxes. In 2017, South Korea’s tax burden hit 19.3%. It’s absolutely wrong, the statesman told. +
Lee told that affluent South Koreans ought to pay more taxes, though the statesman didn’t specify the taxes, which would be lifted first.
It turned to be the first official hint of scheduled tax increases by the administration of President Moon Jae-in. This liberal took office on May 10.
Previous authorities have grappled with tax hikes, though negative public sentiment along with a general slowdown in the South Korean economy had made it extremely difficult to impose higher taxes.
The release of the Federal open market committee (FOMC) meeting minutes is scheduled on February 20, at 21.00 MT time.
There’s a likelihood next month that Greece won’t receive up to 750 million euros, it’s expected to get under a debt relief deal with the EU concluded in 2018 because this European country has failed to complete a number of agreed reforms…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…