Government Budgets

Italy faces higher borrowing costs, sanctions on budget

Nov 14, 2018

Italy's borrowing costs have soared after the populist government resubmitted its draft budget without the sort of significant changes sought by the European Commission

IMF warns Italy's spending plan makes country vulnerable

Nov 13, 2018

The International Monetary Fund is warning that Italy's plan to sharply increase spending carries "substantial" risks and would leave the country vulnerable to market turmoil

IMF: Mideast oil producers buoyed by higher prices, for now

Nov 13, 2018

IMF: Higher oil prices help offset increases in public spending by Mideast oil exporting heavyweights like Saudi Arabia

With split Congress, prospect for economic deals looks dim

Nov 7, 2018

With a divided Congress, prospects for legislative breakthroughs on the economy look dim

Italian bank Intesa weathers EU budget storm, profits up

Nov 6, 2018

Italian bank Intesa SanPaolo says its third-quarter profits rose 28 percent, mostly due to accounting changes to reflect the acquisition last year of two failing regional banks.

Catalan separatists indicted for rebellion as trial nears

Nov 2, 2018

Spanish prosecutors have called for former Catalan Vice President Oriol Junqueras to be imprisoned for 25 years on charges of rebellion and misuse of public funds, the highest prison term sought for separatist leaders who pushed for Catalan independence

Global shares mixed after Wall Street tumble

Oct 29, 2018

Global stock markets mixed after Wall Street slide fuels concern about global market outlook

Clashes as Argentina Congress debates budget amid crisis

Oct 24, 2018

Demonstrators and police are clashing outside of Argentina's Congress as lawmakers discuss next year's budget

Trump wants to push middle-income tax cut through Congress

Oct 22, 2018

President Donald Trump wants to push a new middle-income tax cut through Congress after the midterm elections, though he's not offering specifics on the plan.

Italy stands firm against EU in budget dispute

Oct 22, 2018

Italy is standing firm in its plans to ramp up public spending, keeping alive a dispute with the European Union, which is worried the budget would increase the country's high debts.

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