Search result for fiscal
In the fourth quarter of fiscal year 22 (ending on April 30), Hugo Boss of Germany reported an 18% increase in revenues.
Hugo Boss, a high-end fashion brand located in Germany, saw preliminary sales increase by 18% in the fourth quarter of fiscal 2022 (FY22), to €1,068 million from €905 million in the fourth quarter of fiscal 2021 (FY21). Boss Menswear, Boss Womenswear, and Hugo all saw fourth-quarter rev...
Japan plans to spend $40-45 trillion on defense over the next five years.
Japan plans to spend 40 trillion to 43 trillion yen on defense over five years beginning with the next fiscal year, which begins in April, according to three individuals with knowledge of the subject who spoke to Reuters on Friday.
That would be a significant increase from the present f...
Australia’s $9.8 Billion Investment in Healthcare and COVID Response
The Government of Australia has invested 9.8 billion dollars in an update to the Mid-Year Economic and Fiscal Outlook (MYEFO) for delivering ongoing Telehealth, the COVID-19 vaccinations, and for ensuring that its citizens have world-class healthcare services and medicines. Since the pandemic hit...
CHINA’S FISCAL REVENUE IN Q1 OF 2021 ROSE 25.5 PERCENT
Highlights –
- China’s fiscal revenue in Q1 of 2021 rose 25.5 percent.
- The Ministry of Finance, the country's fiscal revenue topped 7.8 trillion yuan.
- Tax revenue in the first four months came in at nearly 6.75 trillion yuan.<...
CRYPTOCURRENCY BECOMES THE ASSET CLASS OF THE YEAR 2020-2021
Highlights:
• Support for bitcoin eventually pushed BTC high along with other cryptocurrencies
• 2021 has been a good year for BTC as it gained the support of many big names from the business, finance, and b...
JAPAN GOVT. OUTSTANDING LONG-TERM DEBT TO REACH $9.12 TRILLION
Highlights –
- Japan govt. outstanding long-term debt to reach $9.12 trillion.
- The debt is said to be the worst among developed countries.
- The Japan parliament passed the budget for fiscal 2021, with a record 106.61 trillion yen. ...
JAPAN GOVT. PASSED A BUDGET OF $976 BILLION FOR FISCAL 2021
Highlights –
- Japan govt. passed a budget of $976 billion for fiscal 2021.
- The amount would be used to mitigate the fallout from the coronavirus pandemic.
- Part of the budget will also be used in rising social security and defense costs...
CHINA GOVT. PLANS TO IMPROVE EFFICIENCY AND QUALITY OF ITS FISCAL POLICIES
Highlights –
- China govt. plans to improve efficiency and quality of its fiscal policies.
- The Chinese govt. plans to normalize its implementation of the specified transfer payment mechanism.
- Around US$234.71 billion of fiscal 2020 fund...
JAPAN CABINET OFFICE APPROVES DRAFT BUDGET FOR FISCAL 2021 WORTH $1.03 TRILLION
Highlights –
- Japan Cabinet Office approves draft budget for fiscal 2021 worth $1.03 trillion.
- The budget is said to be the largest ever for the ninth consecutive year.
- The new bond issuance will soar by 11.04 trillion yen from the cur...
JAPAN’S BUDGET FOR FY2021 LIKELY TO BE MORE THAN $986 BILLION DUE TO PANDEMIC
Highlights –
- Japan’s budget for FY2021 to be more than $986 billion due to pandemic.
- Some 5 trillion yen has already been set aside for funds in addition to the above amount.
- The current FY2020 budget has been 102.66 trillion ye...
CHINA TO RAISE RETIREMENT AGE FROM 60 INSTIGATING PUBLIC RAGE
- China is making a hearty push to rise one of the world’s lowest retirement ages as it tries to come to terms with a rapidly aging population, a move that’s already instigating public rage and will put to an acrid test the Communist Party’s ability to implement reforms.
NISSAN MOTOR CO. UPGRADES ITS FISCAL 2020 EARNINGS, EXPECTS GROUP NET LOSS
Highlights –
- Nissan Motor Co. upgrades its fiscal 2020 earnings, expects group net loss.
- Nissan expects a group net loss of $5.8 billion.
- Nissan had previously expected 670 billion yen in loss for fiscal 2020 through next March. ...
THE U.S. REQUIRES AROUND $3 TRILLION IS FISCAL STIMULUS TO REVIVE ITS ECONOMY: ECONOMIST
Highlights
• This $3 trillion should be spent on programs like incentivizing businesses to increase remote working capabilities and helping the unemployed find jobs in companies with viable business models said William Lee
• Lee said all the programs that are being i...
JAPAN REPORTS SHRINK IN THE ECONOMY FOR THE SECOND QUARTER OF FISCAL 2020
Highlights –
- Japan reports shrink in the economy for the second quarter of fiscal 2020.
- The economy shrank by 27.8 percent from the previous quarter.
- Exports dropped by 18.5 percent, imports dropped by 0.5 percent.
- The rev...
JAPAN REPORTS THE FIRST HALF OF THE 2020 ACCOUNT SURPLUS TO HAVE REACHED ITS LOWEST LEVEL
Highlights –
- Japan reports the first half of the 2020 account surplus to have reached its lowest level.
- Due to the pandemic, the country’s account surplus lowered by 31.4 percent.
- The Finance Ministry reported that in June the a...
NHK BROADCASTING CENTER DISCLOSED A NEW BUSINESS DRAFT PLAN FOR FISCAL 2021
Highlights –
- NHK Broadcasting center disclosed a new business draft plan for fiscal 2021.
- The center plans to reduce satellite TV and AM radio channels.
- NHK’s business income for fiscal 2012-2023 will be reduced by around $6.5 ...
SHARP CORP. AND HONDA MOTOR CORP. REPORTS SLUMP IN NET PROFIT
Highlights –
- Sharp Corp. and Honda Motor Corp. reports slump in net profit.
- Sharp Corp. reported net profit slump 36.6 percent in the April-June period.
- Honda Motor Corp.'s net profit fell to 63.8 percent.
- Honda posted...
JAPANESE GOVERNMENT TO EXAMINE THE COUNTRY’S GAMBLING ADDICTION; EFFECT OF COVID-19
Highlights –
- Japanese government to examine the country’s gambling addiction; effect of COVID-19.
- The government will measure add the metrics to this fiscal year.
- In 2017, about 3.6% of Japan’s adult population had dealt ...
EU LEADERS REACH ON AN AGREEMENT OVER COVID – 19 RECOVERY PLAN
Highlights
- 390 billion euros will be distributed in the form of grants
- Member states will develop a plan on investment of new funds
Following talks in Brussels over new fiscal stimulus, the 27 European Un...
IMPROVED RISK SENTIMENT AND FISCAL STIMULUS HELPED STERLING RISE ON MONDAY
Highlights –
- Improved risk sentiment and fiscal stimulus helped sterling rise on Monday.
- The British pound rose by about 2% this month.
- Against the euro, the pound was 0.2% weaker at 89.67 pence.
- Investors are still worrie...