Japan: Government approves record budget
Today, the government approved a record JPY 96.34 trillion (USD 814 billion) budget proposal for next fiscal year, which aims to boost the economy that fell into recession after this year’s sales tax hike. (Source: Bloomberg)
Croatia: Grabar-Kitarovic elected Croatia’s first woman president
Opposition challenger Kolinda Grabar-Kitarovic has become the first female president of Croatia, winning by the narrowest of margins. (Source: BBC)
Greece: Greece will need troika consent to cover funding needs via T-bills, warns Finance Ministry
Greece’s leftist opposition Syriza party will need EU/IMF approval to issue short-term debt to cover funding needs in the first quarter if it takes power after a Jan. 25 election, the finance ministry said on Monday. (Source: ekathimerini).
Peru: Analysts cut expectation of economic growth in Peru in 2015: Central Bank
Analysts and financial institutions cut the country’s growth forecast for 2015 from 4.8% to 4.5%, according a survey published by the Central Bank (Source: Infolatam).
Iran: Iran says to explore with U.S. ways to speed up nuclear talks
Iran and the United States will explore ways to give impetus to nuclear talks when their chief diplomats meet in Geneva on Wednesday, Iranian Foreign Minister Mohammad Javad Zarif said on Sunday. (Source: Reuters)