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UNDP wants forex trading tax to help poor on climate change
COPENHAGEN — The UN expansion agency called Wednesday for a tax on foreign exchange trading deals, which are worth hundreds of billions of dollars per day, to boost the world's poor deal with the effects of climate change.
"A currency transaction tax has been identified as the most feasible of all the sources of innovative financing," UNDP administrator Helen Clarke said as she presented the 21st Kind-hearted Development Report in Copenhagen.
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...Reserve Bank of Australia leaves interest rate unchanged at 4.75 ...
In its accompanying regardless allegation the RBA said, “The Bank will of ambit carry on with to assess the effects of the floods and the following return, along with all the other factors having a aspect on cost-effective conditions. At today's encounter,...
Australia's 4Q CPI Undershoots Forecasts, Eases Pressure on RBA ...
, Forecast 2.5%, pr. 2.3% (3Q)
Australia’s headline consumer sacrifice ratio (CPI) rose 0.7% in the 3rd territory, for an annual grade of 2.8%. Consumer prices were expected to make it 0.8% for the 4th area, and a 3.0% annual figure, which would mean-spirited a pick up in inflation and put prices at the more recent capital letters part of the RBA’s goal go. In preference to we saw inflation climb only 0.4% on the three-month period, and poise to an annual berate of 2.7%. That will simplicity press on the RBA to collect rates this year.
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