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Author Archives: Top News Editor

UK November Budget Deficit Lowest Since 2007

The UK budget balance showed its smallest November deficit in a decade, largely due to higher tax income. Public sector net borrowing excluding public sector banks, decreased GBP 0.2 billion to GBP 8.7 billion in November, data from the Office ...

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Fitch Lifts Indonesia’s Credit Ratings

Fitch Ratings on Thursday lifted the sovereign ratings of Indonesia citing its resilience to external shocks. The rating was upgraded to ‘BBB’, from ‘BBB-‘, with stable outlook. This was the second lowest investment grade. In May, S&P Global Ratings had ...

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U.S. Housing Market Index Jumps To 18-Year High In December

Partially reflecting new policies aimed at providing regulatory relief to the business community, the National Association of Home Builders released a report on Monday showing an unexpected jump in U.S. homebuilder confidence in the month of December. Read Full Story

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Australia Lowers Budget Deficit Projections

Australia’s government downgraded its budget deficit projection on higher corporate tax, while weak wage growth is forecast to weigh on income tax. The budget deficit for the fiscal year to June 2018 is seen at A$23.6 billion compared to the ...

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