Deficits

The U.S. Yield Curve Is Sending the Right Signals

When it comes to assessing the outlook for the U.S. economy these days, the discussion usually starts with the bond market’s yield curve. At less than 30 basis points, the difference between two- and 10-year Treasury yields is the narrowest since 2007.<p>This is classic late-cycle behavior. The curve …

Stock Markets

Expanding Ethiopia needs to control runaway deficit, debt and inflation

• High growth has been driven by increasing government spending<br>• Low tax-take and stodgy t-bill market meant borrowing to plug deficit<br>• Market reforms and …

Economics

L.A. Mayor Garcetti Says He Might Run for President in 2020 – Bloomberg

L.A. Mayor Garcetti Says He Might Run for President in 2020<p>L.A. Mayor Garcetti Says He Might Run for President in 2020<p>L.A. Mayor Garcetti Says He …

Los Angeles

IMF team due in Zambia to discuss its debt levels

LUSAKA, July 16 (Reuters) - An International Monetary Fund team is expected in Zambia next week as part of consultations on the country’s debt levels, Treasury secretary general Fredson Yamba said on Monday.<p>In February the IMF rejected Zambia’s borrowing plans, saying they risked making it harder …

Economics

IMF raises Saudi growth forecast on higher oil prices

DUBAI (AFP) -<p>The International Monetary Fund on Monday raised its growth forecast for the world's top crude exporter Saudi Arabia, citing higher oil prices.<p>In its World Economic Outlook update, the IMF said the Saudi economy -- which contracted by 0.9 percent last year -- would grow by 1.9 percent …

Oil

Italy proposes 50 billion euros of extra spending on investments - Savona | Reuters

ROME (Reuters) - European Affairs Minister Paolo Savona proposed on Monday that Italy should boost investments by about 50 billion euros (£43.79 billion) and called on the EU to back the plan instead of insisting on deficit reduction.<p>FILE PHOTO - European Affairs Minister Paolo Savona adjusts his …

Savona

Russia may borrow $1 billion from BRICS development bank: minister

MOSCOW (Reuters) - Russia is in talks with the New Development Bank, set up by the BRICS group of major emerging economies, about raising more than $1 billion, Deputy Finance Minister Sergey Storchak told reporters on Monday.<p>If Russia borrows from the New Development Bank, it may trim its borrowing …

Business

Rupee consolidates, but is likely to extend its fall

A decisive close below 69 will bring back pressure on the currency

Business (India)

Next recession won't be a calamity, but recovery won't be rosy either

Whenever the economy enters a downturn, it is likely to come from the corporate sector. This is because recessions are a function of economic …

Economics

IMF Can’t Say the Commodities Markets Are Complacent

The International Monetary Fund on Monday kept its forecast for global economic growth this year and next unchanged at 3.9 percent but said financial …

Markets

The race is on for ECB's chief banking regulator job

FREDRIK VON ERICHSEN<p>Click for full view<p>The chairman of the financial supervisory committee of the European Central Bank (ECB) Daniele Nouy speaks …

European News

Trump greenlights plan to facilitate U.S. arms sale

WASHINGTON, July 16 (Xinhua) -- The U.S. State Department said on Monday that President Donald Trump has approved a plan to facilitate U.S. …

News (China)

The rising non-oil deficit

Graphic: Mint<p>India’s trade deficit widened to a five-year high in June, due to high crude oil prices. But while the high price of oil is certainly …

Business (India)

Turkey stops accepting Syrian asylum seekers

EPA/SEDAT SUNA<p>Click for full view<p>A Syrian refugee woman carries food while refugees sit near Oncupinar Border gate in Kilis, Turkey.<p>Author<p>By Dan …

European News

Joint Budget Committee Will Meet on the Side to Work it Out

Members face November deadline for developing legislation and report<p>Joint Select Committee on Budget and Appropriations Process Reform<p>The 16 …

Politics

Trump sees 'tremendous' US-UK trade deal

President Trump has signaled the United States could strike "a tremendously big deal" with Britain, if the latter country successfully negotiates its …

Business

Rupee weakens to 68.59 on dollar demand

The rupee fell 6 paise to 68.59 against the US dollar in early trade on dollar demand from importers and strengthening of dollar against other curren

Business (India)

U.S. Trade Deficit With China Less Than Statistics Show, Says EFG's Murray – Bloomberg

U.S. Trade Deficit With China Less Than Statistics Show, Says EFG's Murray<p>U.S. Trade Deficit With China Less Than Statistics Show, Says EFG's …

Economy

Indian rupee opens lower at 68.55 per dollar

The Indian rupee opened marginally lower at 68.55 per dollar on Monday versus previous close 68.52.<p>Rupee fell on Friday, ahead of the trade balance …

Business (India)

Trump: Getting along with Russia is good thing, not a bad thing

EPA<p>Click for full view<p>Author<p>By Dan Alexe Contributing Editor, New Europe<p>Read Next<p>Turkey stops accepting Syrian asylum seekers Jul 16, 2018<p>The race is …

European News

Documenta to name new artistic director by early 2019

A selection committee appointed to find the next artistic director for the 15th edition of Documenta, the quinquennial contemporary art exhibition …

Art

5 years after declaring bankruptcy, Detroit reborn at a cost

DETROIT (AP) — It's been five years since Detroit bottomed out after decades of decline, admitting in the largest U.S. municipal bankruptcy filing ever that the country's one-time industrial engine could no longer pay its bills.<p>The turnaround since then has been remarkable, with major investments …

News (U.S.)

The economy has slowed to a standstill, largely because of Brexit

FOR some time Britain’s vote in June 2016 to leave the European Union appeared to be having little economic impact. Sterling slumped but GDP growth …

Economics

Argentina’s currency crisis is far from over

ON A residential street corner in Buenos Aires, Van Koning Market sells imported beers to the city’s well-heeled. Since it opened in June last year …

Economy

No One Wins from America's Latest Round of Chinese Tariffs—Here's Why

Washington is poised to unleash tariffs on $200 billion Chinese goods and Bejing is ready to retaliate forcefully.This is not a trade war. For the …

Tariffs

Ghosts of Loans Past Coming Back to Haunt India's States

Indian states raked up debt to fund widening deficits after the global financial crisis. They may now have to borrow more to meet repayment …

Reserve Bank of India

Emmanuel Macron’s popularity hits a new low

A YEAR ago, as a young freshly elected president eager to look the part, Emmanuel Macron summoned a joint sitting of both houses of parliament in the …

Europe

Egypt is optimistic about new gas discoveries in the Mediterranean

FIVE years ago the country that hopes to become a Mediterranean energy hub couldn’t even keep the lights on. When Abdel-Fattah al-Sisi took power in …

Budget Deficit

The Turncoat Dems Who Took Olympia

Dressed in worn jeans, a sweatshirt, and a camouflage cap, Senator Tim Sheldon drives his beat-up pick-up truck on a winding road that leads to his …

Seattle

Weekly Commentary: $247 Trillion And (Rapidly) Counting

I chronicled mortgage finance Bubble excess on a weekly basis. Relevant data were right there in plain sight, much of it courtesy of the Federal …

Business