By Anita Komuves BUDAPEST (Reuters) -Hungary will allow companies to pay their taxes in euros or dollars as well as forints, the government announced on Saturday, a move which analysts said could boost the country’s foreign currency reserves. Like other central European countries such as Poland, Czech Republic or Romania, Hungary is nowhere near adopting…
BUDAPEST (Reuters) -Hungary will allow companies to pay their corporate taxes in euros or U.S. dollars along with paying in forints, finance minister Mihaly Varga said in a Facebook post on Saturday. “For companies who earn revenues partly or fully in a foreign currency, the new rule could simplify processes,” Varga wrote, adding that the…
JAKARTA (Reuters) – Indonesia has blocked search engine website Yahoo, payments firm Paypal and several gaming websites due to failure to comply with licensing rules, an official said on Saturday, sparking a backlash in social media. Registration is required under rules released in late November 2020 and will give authorities broad powers to compel platforms…
BEIJING (Reuters) – The assets and risks of China’s “shadow” banking sector have declined significantly through continuous regulation, the state-run Securities Times on Saturday quoted a top regulator as saying. The sector has reduced by more than 29 trillion yuan ($4.3 trillion) as of the end of June from its historical high, Liang Tao, vice…
By Simon Lewis and David Brunnstrom WASHINGTON (Reuters) -The United States and Japan launched a new high-level economic dialogue on Friday aimed at pushing back against China and countering the disruption caused by Russia’s invasion of Ukraine. The two long-time allies agreed to establish a new joint research center for next-generation semiconductors during the so-called…
