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...

  • China, Mexico eye $7.4 billion in investment funds

    By Reuters

    Since Peña Nieto took office in late 2012, he has sought to forge closer ties with China following years of rivalry between the two countries seeking to supply the U.S. market. "I want to stress that...

  • Visitors look at Toyota Motor Corp's redesigned compact car "Vitz" at its unveiling in Yokohama, south of Tokyo December 22, 2010. REUTERS/Toru Hanai/File Photo

    Takata refutes report of secret airbag tests: NYT

    By Maki Shiraki and Paul Lienert and Ben Klayman, Reuters

    The New York Times reported last week that Takata, at the center of a global vehicle recall, ordered its technicians to destroy results of tests on some of its air bags after finding cracks in the...

  • Bank of Korea keeps policy steady in Nov, dims rate cut outlook

    By Christine Kim and Choonsik Yoo, Reuters

    SEOUL (Reuters) - South Korea's central bank held interest rates steady on Thursday in its first unanimous vote since June, and sent no signal of a further policy easing soon - dampening expectations...

  • Global banks entering higher-stake phase of forex probes

    By Aruna Viswanatha and Karen Freifeld, Reuters

    WASHINGTON/NEW YORK (Reuters) - The $4.3 billion in civil settlements struck Wednesday between six global banks and U.S. and U.K. authorities over foreign exchange market manipulation sets the stage...

  • Health workers carry the body of an Ebola virus victim in the Waterloo district of Freetown, Sierra Leone, October 21, 2014. REUTERS/Josephus Olu-Mamma

    Worst Ebola outbreak on record tests global response

    By Stephanie Nebehay, Reuters

    Here is a timeline of the outbreak: March 22: Guinea confirms a hemorrhagic fever that killed more than 50 people is Ebola. March 30: Liberia reports two cases; Ebola suspected in Sierra Leone. April...