People who travel to the country and opt for seasonal, temporary or migrant work will be taxed at a 15 percent rate, settling an 18-month debate.
Brexit and Trump’s successful election surprise the market a lot. This year, “black swan” events frequently happen in the financial market.
South Korea's top central banker expressed worries on Friday about economic uncertainties after Donald Trump's presidential win in the United States.
Though the Chinese currency renminbi, or the yuan, weakened to a six-year low against the U.S. dollar Friday, analysts said a sharp drop is unlikely despite persistent depreciation pressure.
India’s economy might be growing at a faster rate than many developed nations, but at per capita level, its growth rate of income is the lowest among emerging economies.
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 230 basis points to 6.7008 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System (CFETS).
U.S. Federal Reserve chairwoman Janet Yellen said on Wednesday that most of her colleagues see it appropriate to raise interest rate this year if the economy continues on current path.
The Australian government has bowed to industry pressure for it to set a lower "backpacker tax," after widespread complaints that a proposed 32.5 percent rate would only send backpackers out of Australia to other nations such as New Zealand.
Since the one-child policy was first enacted over thirty years ago, birthrates across China have remained low. Now, almost a full-year into the new two-child policy, the rate in many areas has seen little to no increase.
The US Federal Reserve left interest rates unchanged on Wednesday but strongly signalled it could still tighten monetary policy by the end of this year as the labour market improved further.
The ongoing restructuring process among shipbuilders and shipping lines in South Korea hit the country's southeastern region, a political home turf for President Park Geun-hye and the ruling Saenuri Party, central bank data showed on Monday.
The dollar rose to a three-week high against the yen on Monday, while bond yields surged to their highest since June and stocks sold off after senior Federal Reserve officials indicated a U.S. interest rate increase was on the cards in the near term.
The Federal Reserve is getting closer to raising interest rates again, the head of the U.S. central bankand other policymakers said on Friday in comments that left the door open for a hike as early as next month.
China's central bank announced 14-day reverse repurchase agreements (repos) on Wednesday, the first use of the loans since February this year, which analysts said would help ease money market rate fluctuations and relieve intensive reverse repo maturity pressure.
U.S. stocks ended lower after wavering in a tight range Friday, as investors kept cautious amid hawkish remarks on rate hikes from Federal Reserve officials.
Uncertainty from the U.S. presidential election could prompt the Federal Reserve to delay hiking interest rates until after the election, U.S. experts have said.
Japan's economy grew at a slower-than-forecast 0.2 percent annual rate in the April-June quarter, as the recovery was sapped by weaker exports and business investment, the government said Monday.
简体中文
