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...

  • Pedestrians with umbrellas walk past an electronic board showing Japan's Nikkei average (top middle L) and the exchange rates between the Japanese yen and the U.S. dollar (top middle R), outside a brokerage in Tokyo November 11, 2014. REUTERS/Yuya Shino

    Dollar rallies on U.S. data, stocks trade flat

    By Herbert Lash, Reuters

    NEW YORK (Reuters) - The dollar rallied on Friday, helped by unexpectedly strong U.S. retail sales data, but global equity markets traded flat after a hefty run-up over the past three weeks put a...

  • G20 targets new global energy body: media

    By Reuters

    A central part of the plan, which has the backing of Saudi Arabia and Russia, would be an institution to sit above OPEC and the International Energy Agency, the newspaper said in an unsourced report...

  • FILE PHOTO: A worker cycles near a factory at the Keihin industrial zone in Kawasaki, Japan, November 15, 2017. REUTERS/Toru Hanai/File Photo

    Dollar declines as rally sputters; euro pivots to gains

    By Michael Connor, Reuters

    NEW YORK (Reuters) - The dollar gave up strong early gains and turned lower on Friday after the battered euro pivoted to price gains amid reports of short-covering in the common currency and a drop...

  • Sir Richard Branson listens to a speaker at the Global Commission on Drug Policy in New York, in this file photo taken September 9, 2014. REUTERS/Shannon Stapleton

    Virgin America soars in market debut

    By Amrutha Gayathri, Reuters

    (Reuters) - Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared more than 30 percent in their market debut, underscoring the buoyant mood in an industry that is...

  • Lockheed, NYC agency clash at trial over botched subway security plan

    By Joseph Ax, Reuters

    NEW YORK (Reuters) - Lockheed Martin Corp and New York City's transit authority accused each other of mismanagement on Friday at the close of a five-week trial over the much-delayed installation of a...