Global Economy

Budget Battles

  • 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...

  • FILE PHOTO: A visitor reacts as she hugs Disney character Mickey Mouse at Tokyo Disneyland in Urayasu, east of Tokyo April 15, 2011. REUTERS/Issei Kato

    ECB drops Citi from FX contact group

    By Eva Taylor and Jamie McGeever, Reuters

    FRANKFURT (Reuters) - The European Central Bank has dropped Citigroup from its experts' working group on foreign exchange, days after the U.S. bank was fined by U.S. and UK regulators for failing to...

  • Japan's Prime Minister and leader of the ruling Liberal Democratic Party (LDP) Shinzo Abe attends a news conference following a victory in the upper house elections by his ruling coalition, at the LDP headquarters in Tokyo, Japan, July 11, 2016. REUTERS/T

    Abenomics working well, slide in yen positive: Abe adviser

    By Linda Sieg and Elaine Lies and Kaori Kaneko and Sumio Ito, Reuters

    TOKYO (Reuters) - Prime Minister Shinzo Abe's economic policies are working well but the blow to the economy from an April sales tax hike has been bigger than expected, a key adviser to Abe said on...

  • Islamic State attacks Iraq provincial capital: officials

    By Raheem Salman and Dominic Evans, Reuters

    BAGHDAD (Reuters) - Islamic State fighters attacked a government complex in the heart of an Iraqi provincial capital on Friday, local officials said, in an apparently coordinated effort to seize full...

  • Investors look on in front of an electronic board showing stock information at a brokerage house in Shanghai March 17, 2015. REUTERS/Aly Song

    Weary of the market rollercoaster, investors turn again to steady stocks

    By Francesco Canepa, Reuters

    LONDON (Reuters) - The big story of recent stock market investment has been volatility, and the opportunities that sharp price swings can bring for those with strong nerves. But good news is emerging...

  • China's President Xi Jinping (R) speaks with Venezuela's President Nicolas Maduro in front of a statue of Venezuela's late president Hugo Chavez during a ceremony in Caracas in this July 21, 2014 file photo. REUTERS/Carlos Garcia Rawlins/Files

    China commits $45.6 billion for economic corridor with Pakistan

    By Mehreen Zahra-Malik, Reuters

    ISLAMABAD (Reuters) - The Chinese government and banks will finance Chinese companies to build $45.6 billion worth of energy and infrastructure projects in Pakistan over the next six years, according...