Iran’s total tax revenue in the current Iranian year, which is going to end on March 19, will top $9 billion, according to a report by Fars News Agency, as the country seeks to rely more on taxation to compensate for incomes lost from the direct sale of crude.
Britain’s inflation rate unexpectedly overshot the Bank of England’s two percent target on Wednesday, raising the cost of living even before sterling’s slide has had much chance to feed into consumer prices.
Indonesia may require an estimated $15 billion in investment to meet its target of reaching 7.2 gigawatts (GW) of geothermal power capacity by 2025 and is studying ways to reduce project costs, an energy ministry official said on Tuesday.
Japan and the US have agreed to target a broad deal on bilateral trade by September, seeking to bridge differences of opinion over tariffs on beef and the automobile sector, the Nikkei business daily reported on Sunday.
Malaysia will find it challenging to meet its three percent fiscal deficit target for next year due to uncertainties around the US-China trade war, the finance minister told Reuters in an interview on Monday.
India's retail inflation likely accelerated to a seven-month high in May on rising food prices, but it is expected to remain well below the target of Reserve Bank of India (RBI), giving it room to ease policy further, a Reuters poll found.
Bank of Japan Governor Haruhiko Kuroda said major central banks may have to become more flexible targeting inflation, as they are missing targets due to the price dampening effects of technological innovations and globalization.
The Bank of England could be set a target for house price inflation under plans being explored by the Labour party, with tougher powers to restrict mortgage lending to close the gap between property prices and average incomes.