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Japan’s Aso: Government has not decided to delay budget balancing goal

Following the comments from the Japanese Economy Minister Motegi on the budget surplus target, the country’s Finance Minister Taro Aso crossed the wires, expressing his take on the same.

Key Headlines:

No change decided on FY 2020 primary surplus target

Government has not decided to delay budget balancing goal

Won't issue deficit covering bounds to pay for future education costs

S&P cuts Hong Kong to AA+ from AAA; Outlook Stable

The US-based ratings agency, Standard and Poor’s (S&P) downgrades Hong Kong’s credit ratings, following a cut in China's credit ratings announced a da
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Safe haven bids push Gold higher to 50-DMA

North Korea news increased the safe haven demand for gold [XAU/USD], pushing prices higher to 50-DMA level of $1298 levels. Gold could rise above $13
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