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 - Pedestrians walk past a store window advertising up to 50 percent discount during winter sales in Berlin, January 9, 2014, REUTERS/Fabrizio Bensch

    Airbus profits rise but A400M problems resurface

    By Tim Hepher and Cyril Altmeyer, Reuters

    PARIS (Reuters) - Airbus Group posted stronger-than-expected nine-month earnings on Friday, muted by a resurgence of potentially costly delays for Europe's A400M troop carrier. Europe's largest...

  • George Osborne attends a European Union finance ministers meeting in Brussels November 7, 2014. REUTERS/Francois Lenoir

    Bankers and regulators could be grilled by UK lawmakers over forex fines

    By Matt Scuffham and Kirstin Ridley and Matt Scuffham, Reuters

    LONDON (Reuters) - British bank executives and regulators could be in line for public grillings following this week's landmark international settlement over allegations of manipulation and collusion...

  • Brokers work on the trading floor at IG Index in London, Britain January 14, 2016. Bank of England policymakers expect the recent plunge in oil prices will weigh a bit on British inflation in the coming months but said it remains unclear if the impact wou

    G20's Carney says bank crisis reforms 'substantially complete'

    By Huw Jones, Reuters

    LONDON (Reuters) - The job of fixing flaws that led to the 2007-09 financial crisis is largely done and the focus will turn to spotting new risks and rebuilding trust among regulators, a global...

  • File photo: Martin Gruenberg testifies to the House Financial Services Committee about the effects of the Volcker Rule on employment in Washington on February 5, 2014. REUTERS/Joshua Roberts

    U.S. regulator says swaps rules need tweaks to preserve global market

    By Huw Jones, Reuters

    LONDON (Reuters) - New rules aimed at making derivatives markets safer and more transparent need tweaking to stop the $690 trillion global market splitting up, a top American regulator said on Friday...

  • A car is filled with gasoline at a gas station pump in Carlsbad, California August 4, 2015. REUTERS/Mike Blake

    IEA sees new era, no quick rebound in oil prices

    By Dmitry Zhdannikov and Alex Lawler, Reuters

    LONDON (Reuters) - The oil market has entered a new era with lower Chinese economic growth and booming U.S. shale output, making a return soon to high prices unlikely, the West's energy watchdog said...