China's Commerce Ministry to optimise trade-in program to boost consumption of autos, home appliances, electronics and smart durable goods
This move by China's Commerce Ministry to optimize the trade-in program aims to stimulate consumer spending in key sectors such as autos and electronics.
OPEC+ is likely to maintain its supply pause in March, Bloomberg reports citing delegates; adds that there is no need to respond to the events in Venezuela and Iran but a significant supply disruption would warrant a boost in output
SNB has lowered the threshold factor for the remuneration of sight deposits of account holders subject to minimum reserve requirements from 16.5 to 15, as of 1st March.
China's Commerce Ministry to optimise trade-in program to boost consumption of autos, home appliances, electronics and smart durable goods
Iranian Foreign Ministry Spokesperson says that Iran is stronger and more capable than ever before, and will certainly respond to any aggression with a broad and deterrent response
EU Commission to open proceedings against X's AI chatbot grok on Monday under the digital services act, via Handelsblatt report, citing EU officials
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
It signals a proactive approach to bolster domestic demand amidst economic pressures, which could provide support to both manufacturing and related sectors. Traders should watch for potential impacts on commodities and currencies correlated with these industries in the wake of increased consumption.
Related headlines
- China passenger car sales fell 23.7% YoY to 1.55 mln units in August, according to the China Passenger Car Association5 days ago
- Japan reportedly sees a US President Trump and PM Takaichi talk in late September, Kyodo reports 6 days ago
- South Korea says it will work to manage the bond market in a stable manner and it will closely monitor local bond market movementsSep 04
- Japan's Top Currency Diplomat Mimura says they continue to stand ready on FX; declines to comment on if rate checks were conductedSep 03
- Japanese Finance Minister Katayama says no direct requests to do anything has been given from US Treasury Secretary BessentSep 03
- South Korean Finance Minister is to reportedly hold a market review meeting on Friday, reports suggestSep 03
- Japan's government is reportedly looking to convene an extraordinary Diet session in early October, Asahi reports; expected to focus on consumption tax cuts and a reduction in the number of seatsSep 03
- Japan Chief Secretary Kihara says there has been no change to PM Takaichi government policies about attaining a strong economy and fiscal sustainabilitySep 03
- Japan's GPIF’s unusual August management committee meeting has fuelled speculation it may raise its 25% domestic bond allocation target, Bloomberg reportsSep 03
- Taiwan cabinet approved a TWD 607.6bln supplementary budgetSep 03
- US Treasury Secretary Bessent says "I know what the Japanese are planning on doing".Sep 02
- China proposed consolidating three local levies into a single “local surtax” with an 11-13% rate set by provincial governments, CCTV reportsSep 02
- US Treasury Secretary Bessent says Abenomics was reflationary and that Japan can sit back and enjoySep 01
- Chinese Finance Ministry is to set a 20% tax level on foreign individuals' dividend incomeSep 01
- Japanese Chief Cabinet Secretary Kihara says he is closely watching market movesSep 01
- South Korea's budget minister notes South Korea plans a 2027 budget of KRW 821tlnSep 01
- China’s MOFCOM targets around CNY 60tln in total retail sales of consumer goods by 2030Aug 31
- Japanese government to request JPY 143tln for the budget (general account) in FY27, Nikkei reports citing sourcesAug 31
- China to seek public opinion on draft local surtax law, Xinhua reports Aug 28
- China NDRC spokesperson says robot development must be tailored to local conditions and pursued in a sound and orderly mannerAug 28
The whole workspace, free to try.
Try it free