‘It's really hitting me:' Thai dispensary reacts to country's new cannabis rules
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
an hour ago
- Bloomberg
Prabowo's Populist Budget Raises Doubts Over Revenue Goals
Indonesia risks blowing past its budget deficit target for next year, according to analysts, citing President Prabowo Subianto's populist spending promises and no plans for new tax measures. The government aims to collect 3,148 trillion rupiah ($194 billion) in state revenue in 2026, a 10% jump from the estimate for this year. That will rely on an even sharper 13.5% increase in tax revenues, which Finance Minister Sri Mulyani Indrawati said last week would come from improving compliance and expanding the tax base to include the shadow economy.
Yahoo
2 hours ago
- Yahoo
Asia shares dip before Fed gathering; European futures up on Ukraine summit hopes
By Rocky Swift TOKYO (Reuters) -Stocks in Asia and oil prices edged lower on Tuesday before a key meeting of central bankers and as traders evaluated promising diplomatic signals toward ending hostilities between Russia and Ukraine. European equity futures posted modest gains after Ukrainian President Volodymyr Zelenskiy said security guarantees for his nation will likely be worked out within 10 days after talks with U.S. President Donald Trump and European leaders. Japan's Nikkei share gauge set a new intraday record high before heading lower. The U.S. dollar held on to gains from the previous session as traders awaited policy hints from the Federal Reserve ahead of its annual gathering in Jackson Hole, Wyoming. "The Jackson Hole Symposium looms as one potential source of volatility, and going into the event, the markets remain cautious," Kyle Rodda, an analyst at wrote in a note to clients. "A dovish shift is being priced in, with further strength in equity markets – and weakness in the U.S. dollar – reliant on the Fed meeting these expectations." MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.2% in early trading, after U.S. stocks ended the previous session with mild losses. Pan-region Euro Stoxx 50 futures were up 0.3%, German DAX futures rose 0.2%, and FTSE futures added 0.3%. NATO Secretary General Mark Rutte told Fox News on Monday that Trump's meeting with Zelenskiy and other European and NATO partners was very successful. The meeting followed a summit in Alaska between the U.S. president and Russian leader Vladimir Putin, which did not result in an agreement on ceasing hostilities in the 3-1/2-year-old war. In a social media post late on Monday, Trump said he had called Putin and begun arranging a meeting between Putin and Zelenskiy, to be followed by a trilateral summit among the three presidents. While traders are keeping an eye on geopolitical developments, another key focus for the week is the Fed's August 21-23 Jackson Hole symposium, where Chair Jerome Powell is due to speak on the economic outlook and the central bank's policy framework. Money markets reflect an 83.6% chance of a quarter-point rate cut at the Fed's meeting on September 17, according to CME FedWatch. Japan's Nikkei stock index rose at the open before sliding 0.5%, dragged lower by a 5% plunge in SoftBank Group after the company announced a $2 billion stake in struggling U.S. chipmaker Intel. The dollar was little changed at 147.78 yen. The euro traded steady at $1.1658, while the dollar index, which tracks the greenback against a basket of currencies, edged up to 98.171 after a 0.2% gain in the previous session. U.S. crude dipped 0.2% to $63.29 a barrel. Spot gold was slightly higher at $3,334.9 per ounce. [GOL/] Sign in to access your portfolio
Wall Street Journal
2 hours ago
- Wall Street Journal
Singapore Dollar Consolidates Amid Focus on Possible Russia-Ukraine Meeting
0235 GMT – The Singapore dollar consolidates against its U.S. counterpart in the Asian session amid the market's focus on a possible Russia-Ukraine meeting. President Trump on Monday urged Russian President Putin and Ukrainian President Zelensky to meet face to face with him at a peace conference. Zelensky quickly embraced the idea of a three-way summit, but Trump said in a social-media post after speaking with Putin that Zelensky and Putin would have to hold one-on-one talks first. The main theme has been consolidation, Commerzbank Research analysts say in a note. Market participants are in a cautious wait-and-see mode amid ongoing talks over Ukraine, the analysts add. USD/SGD is flat at 1.2846. ( 0026 GMT — Asian currencies consolidate against the dollar in the morning session ahead of the Jackson Hole economic symposium later this week. Markets are treading water before Fed Chair Powell's speech on Friday, NAB's Tapas Strickland says in a commentary. Going into this symposium, markets are pricing 20.9bps worth of Fed rate cuts for September and a cumulative 53.3bps worth of Fed rate cuts by year-end, the head of Market Economics notes. USD/KRW is little changed at 1,388.50, USD/CNH is steady at 7.1866, and AUD/USD is flat at 0.6492, LSEG data show. (
