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Tag: GFIN

U.S. Treasury posts sharply higher 8 billion June deficit

U.S. Treasury posts sharply higher $228 billion June deficit

July 13, 2023July 13, 2023 · World News

WASHINGTON, July 13 (Reuters) – The U.S. government posted a $228 billion budget deficit for June, up 156% from a year earlier as revenues continued to weaken and…

Read more U.S. Treasury posts sharply higher $228 billion June deficit
Explainer: US debt ceiling focus on ‘discretionary spending’ means cuts ahead

Explainer: US debt ceiling focus on ‘discretionary spending’ means cuts ahead

May 24, 2023May 24, 2023 · World News

WASHINGTON, May 24 (Reuters) – The central pillar of any debt-ceiling agreement between President Joe Biden and House Republican Kevin McCarthy is shaping up to be “discretionary spending”…

Read more Explainer: US debt ceiling focus on ‘discretionary spending’ means cuts ahead
Biden says US debt ceiling talks are moving along

Biden says US debt ceiling talks are moving along

May 14, 2023May 16, 2023 · World News

WASHINGTON, May 13 (Reuters) – President Joe Biden said on Saturday that talks with Congress on raising the U.S. government’s debt limit were moving along and more will…

Read more Biden says US debt ceiling talks are moving along
No China, no deal: Bid to break sovereign debt logjams gets weary thumbs up

No China, no deal: Bid to break sovereign debt logjams gets weary thumbs up

April 14, 2023April 16, 2023 · World News

LONDON, April 13 (Reuters) – The latest bid by the world’s leading institutions and creditors to speed up debt restructurings and get bankrupt countries back on their feet…

Read more No China, no deal: Bid to break sovereign debt logjams gets weary thumbs up
Saudi Arabia could invest in Iran ‘very quickly’ after agreement – minister

Saudi Arabia could invest in Iran ‘very quickly’ after agreement – minister

March 15, 2023March 16, 2023 · World News

RIYADH, March 15 (Reuters) – Saudi Arabia’s Finance Minister Mohammed Al-Jadaan said on Wednesday that Saudi investments into Iran could happen “very quickly” following an agreement to restore…

Read more Saudi Arabia could invest in Iran ‘very quickly’ after agreement – minister
China plans 7.2% defence spending rise this year, faster than GDP target

China plans 7.2% defence spending rise this year, faster than GDP target

March 5, 2023March 5, 2023 · World News

China’s 2023 defence spending to rise 7.2% Increase to outpace GDP growth target of around 5% Premier Li says armed forces should boost combat preparedness China investing in…

Read more China plans 7.2% defence spending rise this year, faster than GDP target
Mexico passes electoral overhaul that critics warn weakens democracy

Mexico passes electoral overhaul that critics warn weakens democracy

February 23, 2023February 24, 2023 · World News

MEXICO CITY, Feb 22 (Reuters) – Mexican lawmakers on Wednesday approved a controversial overhaul of the body overseeing the country’s elections, a move critics warn will weaken democracy…

Read more Mexico passes electoral overhaul that critics warn weakens democracy
Analysis: Loans to Russian soldiers fuel calls for European banks to quit

Analysis: Loans to Russian soldiers fuel calls for European banks to quit

February 13, 2023February 14, 2023 · World News

BERLIN/LONDON, Feb 13 (Reuters) – A Russian scheme to grant loan payment holidays to troops fighting in Ukraine, and for banks to write off the entire debt if…

Read more Analysis: Loans to Russian soldiers fuel calls for European banks to quit
It’s ‘now or never’ to stop Japan’s shrinking population, PM says

It’s ‘now or never’ to stop Japan’s shrinking population, PM says

January 23, 2023January 23, 2023 · World News

Jan 23 (Reuters) – Japanese Prime minister Fumio Kishida pledged on Monday to take urgent steps to tackle the country’s declining birth rate, saying it was “now or…

Read more It’s ‘now or never’ to stop Japan’s shrinking population, PM says
Canada’s deep yield curve inversion adds to BoC rate hike dilemma

Canada’s deep yield curve inversion adds to BoC rate hike dilemma

December 4, 2022December 5, 2022 · World News

TORONTO, Dec 4 (Reuters) – As the Bank of Canada considers ditching oversized interest rate hikes, it is dealing with an economy likely more overheated than previously thought…

Read more Canada’s deep yield curve inversion adds to BoC rate hike dilemma
Ghana plans to buy oil with gold instead of U.S. dollars

Ghana plans to buy oil with gold instead of U.S. dollars

November 24, 2022November 27, 2022 · World News

ACCRA, Nov 24 (Reuters) – Ghana’s government is working on a new policy to buy oil products with gold rather than U.S. dollar reserves, Vice-President Mahamudu Bawumia said…

Read more Ghana plans to buy oil with gold instead of U.S. dollars
Democrats seek vote reform, gay marriage, debt ceiling in ‘lame duck’ Congress

Democrats seek vote reform, gay marriage, debt ceiling in ‘lame duck’ Congress

November 14, 2022November 15, 2022 · World News

WASHINGTON, Nov 14 (Reuters) – Democrats in the U.S. Congress aim to pass bills protecting same-sex marriage, clarifying lawmakers’ role in certifying presidential elections and raising the nation’s…

Read more Democrats seek vote reform, gay marriage, debt ceiling in ‘lame duck’ Congress
U.S. Supreme Court’s Barrett again declines to block Biden student debt relief

U.S. Supreme Court’s Barrett again declines to block Biden student debt relief

November 4, 2022November 6, 2022 · World News

Nov 4 (Reuters) – U.S. Supreme Court Justice Amy Coney Barrett on Friday again declined to block President Joe Biden’s plan to cancel billions of dollars in student…

Read more U.S. Supreme Court’s Barrett again declines to block Biden student debt relief
Saudi Arabia ‘maturer guys’ in spat with U.S., energy minister says

Saudi Arabia ‘maturer guys’ in spat with U.S., energy minister says

October 25, 2022October 27, 2022 · World News

OPEC+ oil output cut led to U.S., Saudi spat Saudi Arabia and U.S. “solid allies” – minister Big Wall St turnout at flagship Saudi investment summit RIYADH, Oct…

Read more Saudi Arabia ‘maturer guys’ in spat with U.S., energy minister says
As UK’s Truss fights for job, new finance minister says she made mistakes

As UK’s Truss fights for job, new finance minister says she made mistakes

October 15, 2022October 15, 2022 · World News

Truss sacked finance minister on Friday New chancellor Hunt warns of tough decisions ‘I’ve listened, I get it’, Truss says BoE’s Bailey says agrees with Hunt on need…

Read more As UK’s Truss fights for job, new finance minister says she made mistakes
White House says no new deadlines on reconciliation bill

White House says no new deadlines on reconciliation bill

October 22, 2021September 30, 2022 · US News

WASHINGTON, Oct 22 (Reuters) – U.S. President Joe Biden does not have any new deadlines as the administration continues to negotiate with Democratic lawmakers on the framework of…

Read more White House says no new deadlines on reconciliation bill
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