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 - Russian Deputy Foreign Minister Sergei Ryabkov looks on at the start of two days of closed-door nuclear talks at the United Nations offices in Geneva October 15, 2013. REUTERS/Fabrice Coffrini/Pool

    Final deal in Iran nuclear talks unlikely by deadline: sources

    By Louis Charbonneau and Parisa Hafezi, Reuters

    NEW YORK/ANKARA (Reuters) - Despite nearly a year of negotiations, Iran and six major powers are unlikely to meet a Nov. 24 deadline to reach a final deal to lift international sanctions on Tehran in...

  • FILE PHOTO: Procter & Gamble's Oral-B toothbrush heads are seen in a store in Manhattan, New York, U.S., August 1, 2016. REUTERS/Andrew Kelly

    Barclays pulled out of FX settlement due to NY regulator: sources

    By Kirstin Ridley and Joshua Franklin and Aruna Viswanatha and Steve Slater and Jamie McGeever and Steve Slater and Karen Freifeld, Reuters

    LONDON (Reuters) - Barclays did not join a group settlement over the alleged manipulation of foreign exchange rates because of complications with its regulator in New York, people familiar with the...

  • 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

    U.S. stocks slip from records; oil falls

    By Richard Leong and Hideyuki Sano, Reuters

    NEW YORK (Reuters) - U.S. equity prices edged off record highs on Wednesday led by weakness in the financial sector after six global banks were fined a total of $4.3 billion for currency rigging,...

  • A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo, file. REUTERS/Kim Kyung-Hoon

    IMF says euro zone growth could be worse than expected

    By Reuters

    The IMF's warning echoes an increasing fear among global policymakers that Europe is not on track to spur economic growth, something that should be a key topic for discussion when leaders of the...

  • FILE PHOTO - John Griffith-Jones, the former Chairman designate of the Financial Conduct Authority (FCA) attends a Thomson Reuters Newsmaker event, in the Canary Wharf business district of east London October 16, 2012. REUTERS/Andrew Winning

    Sterling sags on likely later rate increase as dollar gains

    By Michael Connor, Reuters

    NEW YORK (Reuters) - Britain's pound fell to a 14-month low against the dollar on Wednesday as investors pushed back rate-increase expectations to late 2015 after the Bank of England forecast low...