Funding & Business
South Korea Scraps Plans to Raise Capital Gains Tax on Stocks
South Korea has abandoned a controversial plan to lower the capital gains tax threshold for stock investors, in what would be President Lee Jae Myung’s first major policy reversal since taking office in June.
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Macro hedge funds have increased bets on the Australian dollar, boosting exposure to options that pay off if the currency continues climbing against major peers, traders say.
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US and Chinese representatives discussed TikTok, trade and the economy during a day of high-level talks in Madrid as diplomacy between the world’s two biggest economies intensifies. Bloomberg’s Stephen Engle reports. (Source: Bloomberg)
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Gold held near a record as traders geared up for an anticipated easing of the US Federal Reserve’s monetary policy this week and looked for clues on further rate cuts this year.
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