Global Economy
  • Senator Ben Cardin (D-MD) arrives at Democratic Party caucus meeting on Capitol Hill in Washington, U.S., January 19, 2018. REUTERS/Yuri Gripas/ File Photo

    Factbox: What happens in a U.S. government shutdown?

    By Richard Cowan and Susan Cornwell and Amanda Becker and Richard Cowan and Susan Cornwell and Amanda Becker, Reuters

    In shutdowns, nonessential government employees are furloughed, or placed on temporary unpaid leave. Workers deemed essential, including those dealing with public safety and national security, keep...

  • FILE PHOTO: Senator John Barrasso (R-WY) speaks during a press conference on Capitol Hill in Washington, U.S., September 12, 2017.   REUTERS/Joshua Roberts

    No Talk of Ousting Speaker Ryan, Key Conservative Says

    By Reuters

    Many Republicans are unhappy with the deal President Donald Trump reached last week with Democratic leaders to raise the government's debt ceiling and allow it to continue financing federal spending...

  • Venezuela's President Nicolas Maduro waves during a pro-government rally with workers of state-run oil company PDVSA, in Barcelona

    The Crisis in Venezuela Could Send Oil Prices Soaring

    By Nick Cunningham, Oilprice.com

    Venezuela’s deteriorating crisis is “going to be the biggest geopolitical story to watch in the oil markets," according to Helima Croft of RBC Capital Markets. The economic, political and security...

  • FILE PHOTO: Arellano, deputy of the Venezuelan coalition of opposition parties (MUD), clashes with national guards during a rally against Venezuela's President Nicolas Maduro's government in Caracas

    The Risk That Could Drive Oil Prices Higher in a Hurry

    By Nick Cunningham, Oilprice.com

    The latest rally in oil prices ran up against a wall yet again, and the same fears about oversupply have not receded in the slightest. The expectation from most oil analysts is that there is very...

  • Emmanuel Macron, head of the political movement 'En Marche!', or 'Onwards!', and candidate for the 2017 presidential election, delivers a speech as he attends a meeting for Women's day in Paris, France

    France Just Made a Big Move Toward a Green Energy Future

    By Bate Felix and Simon Carraud, Reuters

    France aims to end the sale of gasoline and diesel vehicles by 2040 and become carbon neutral 10 years later, Ecology Minister Nicolas Hulot said on Thursday at a presentation of measures to keep up...

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    Why Russia Is Over a Barrel on Oil Prices

    By Andy Tully, Oilprice.com

    Russian Energy Minister Alexander Novak says Moscow is considering a possible cutback in oil production to help end the drop in prices, but there appears to be little it can do without harming its...

  • The German share price index DAX board is pictured at the stock exchange in Frankfurt, Germany, December 8, 2016.    REUTERS/Ralph Orlowski

    Equities gain after stimulus signals; dollar dips

    By Michael Connor, Reuters

    NEW YORK (Reuters) - World equities markets climbed on Monday, boosted by deal activity in Europe and ongoing expectations for more stimulus from the world's major central banks. The dollar weakened...

  • U.S. Senator John McCain listens during a news conference in Riga in this April 15, 2014 file photo. REUTERS/Ints Kalnins/Files

    Iran extension prompts calls for more sanctions in U.S. Congress

    By Patricia Zengerle, Reuters

    WASHINGTON (Reuters) - Several U.S. Republican lawmakers insisted on Monday that the extension of nuclear talks with Iran be accompanied by increased sanctions, setting the stage for a battle with...

  • EU eyes special funds to leverage investment plan

    By Alastair Macdonald, Reuters

    BRUSSELS (Reuters) - The European Commission is likely to decide to shift some of its budget into special financial instruments to promote private investment when it meets on Tuesday to agree a plan...

  • A picture illustration of Euro banknotes taken in central Bosnian town of Zenica, April 25, 2014. REUTERS/Dado Ruvic

    Euro rises on German data, ECB's Weidmann, dollar slips

    By Richard Leong, Reuters

    NEW YORK (Reuters) - The euro rose against the dollar and yen on Monday due to encouraging German business data and remarks from a top European Central Bank official that cast doubts on whether the...