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Japan's military seek eighth straight annual hike in defense spending
Japan’s military has asked for an eighth straight annual increase in defense spending to help pay for US-made interceptor missiles, stealth fighters, and other equipment it wants to counter threats from its neighbors.
Japan to promote tax hike preparations by small businesses
The industry ministry will hold meetings in major cities in June to encourage small businesses to speed up their preparations for the October consumption tax hike, it has been learned.
Major hike in US missile spending indicative of approaching 'new Cold war': Study
America has been dramatically increasing its missile development spending after deciding to leave a Soviet-era arms control treaty with Russia, a new study shows, warning that the extravagant approach could be the tell-tale sign of a looming “new Cold War.”
German government eyes larger hike in postal charges; Post shares rally
The German government could order a larger increase in the cost of sending a letter than earlier planned, the Frankfurter Allgemeine Zeitung reported, sending shares in Deutsche Post 2.6 percent higher on Monday.
UN warns of 'massive' impact of tariff hike
A senior UN trade official warned a US plan to raise tariffs on Chinese goods next month would have ‘massive’ implications for the global economy.
Iran non-oil exports up by 21 percent
Iran's non-oil exports from March 2 to June 17, 2018 hit 11.242 billion dollars registering a 21 percent increase compared to the similar period last year, the head of the Customs Administration said Thursday.
Iran's oil minister calls on OPEC to resist Trump's calls to alter output policies
Persian Gulf producers did not agree on need for output increase: Sources
Iran's Oil Minister Bijan Zanganeh called on the Organization of the Petroleum Exporting Countries (OPEC) to resist calls from Washington to alter its output policies.
Iran says will veto output hike when OPEC meets
Iran will veto an anticipated proposal by Saudi Arabia and Russia to increase global oil production when major producers meet in Vienna on Wednesday, stressing that it will have Iraq and Venezuela by its side to block the move.
Turkish lira weakens sharply, surrendering some post-rate hike gains
Turkey’s lira weakened more than 2 percent on Thursday, giving up some of the hefty gains it made after the central bank raised interest rates by 300 basis points on Wednesday in an emergency move to prop up the tumbling currency.
Venezuela hikes minimum wage 50 percent
Venezuela's President Nicolas Maduro raised the country's minimum wage by half on Sunday to just over $12.50 per month at the black market exchange rate.
Venezuela supports Iran planned oil output hike
Venezuela has thrown its weight behind fellow OPEC member Iran’s right to raise its oil production once sanctions are lifted.
Armenians rally to protest electricity price hike
Several thousand Armenians have staged rallies in the capital, Yerevan, to protest yet again against the rising prices of household electricity in the landlocked Caucasus country.
Iran to hike oil exports by 1mn bpd after sanctions lifted
Iran says it is ready to increase its oil exports by one million barrels per day a few months after the sanctions against the country are lifted.
No hope for oil price hike in near future
Oil prices have reduced to its lowest level in recent times due to an increase in production by certain states and low economic growth of developed countries.

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