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Real-time News
Japanese Prime Minister Shigeru Ishiba said on Wednesday he plans to use surpluses from taxes, non-tax revenues and unused budgets to fund cash handouts aimed at helping households cope with rising prices. "We expect additional tax revenues to reach 1.5 trillion yen to 2 trillion yen, and non-tax revenues to approach 1 trillion yen," Ishiba said in a public debate with opposition leaders ahead of a crucial July 20 upper house election. Japans Ministry of Finance said on Wednesday that tax revenues hit a record high for the fifth consecutive year in the fiscal year ending in March, thanks to strong corporate profits and rising inflation.The retail portion of FWD Group’s Hong Kong IPO was oversubscribed 37 times.Futures July 2, the latest data from the UAE Fujairah Oil Industry Zone showed that as of the week of June 30, the total inventory of refined oil at the UAE Fujairah Port was 19.156 million barrels, an increase of 36,000 barrels from a week ago. Among them, light distillate oil inventories increased by 749,000 barrels to 7.487 million barrels, medium distillate oil inventories increased by 678,000 barrels to 2.722 million barrels, and heavy residual fuel oil inventories decreased by 1.391 million barrels to 8.947 million barrels.On July 2, it was reported that TSMC has recently reduced its resources in mature processes in order to focus on high-growth markets, and intends to withdraw from the gallium nitride (GaN) market. The GaN products at Fab 5 will only be supplied until July 1, 2027, and will then be used for advanced packaging.Japanese Prime Minister Shigeru Ishiba: Additional tax revenue is expected to be 1.5-2 trillion yen, and non-tax revenue is close to 1 trillion yen to fund cash handouts.
