“We’d love to have a 10% middle-class tax cut, and we would love to strengthen and make permanent some of the other tax cuts,” National Economic Council Director Larry Kudlow said in an interview with Fox Business Network, according to excerpts released by the network.
Next month will see the formal launch of negotiations on a new relationship after Britain left the EU at the end of January.
BENGALURU (Reuters) – The European Central Bank’s negative interest rate policy is not harming the euro zone economy but will not succeed in bringing inflation up to the central bank’s target, a Reuters poll of economists found.
“More than half of our members in the manufacturing sector are experiencing difficulty sourcing supplies/materials due to disruptions from the coronavirus,” AmCham Executive Director Adam Sitkoff said in an emailed statement, citing the AmCham survey.
BUENOS AIRES (Reuters) – Argentina’s bloodied bond market could take another beating if debt renegotiations take longer than expected, analysts said on Friday, as investors digested a week full of bearish news and the economy minister’s blunt comments about creditors.
Companies face statutory deadlines for publishing audited financial statement, and delays creates nervousness among investors.
Passenger travel would likely fall 45% on-year during the 40-day travel season that ends Feb. 18, Liu Xiaoming, a vice minister at the transport ministry, said at a briefing in Beijing Saturday. Between Jan 25. and Feb. 14, airlines carried an average of 470,000 people a day, only a quarter of last year’s volume. Passenger numbers from Feb. 15-23 are estimated to be one 10th of the peak period, said Li Jian, deputy head of the Civil Aviation Administration of China.
BUDAPEST (Reuters) – Hungary will cut taxes on labor and for small firms, Prime Minister Viktor Orban said on Sunday as he warned of tough times ahead for a domestic economy hobbled by stagnation in the euro zone.
Investing.com – Attention remained on China and the coronavirus this week as stocks and commodities swung on differing reports of the numbers of new cases.