budget deficit

 
 

Italy’s coalition seeks ‘dialogue’ with Europe

MILAN: Italy’s ruling coalition patched up a row over a tax amnesty and struck a more conciliatory tone towards European Union (EU) institutions, saying it wanted to discuss its budget plans with Brussels. The coalition included the tax amnesty in measures to fund costly electoral promises that are set to sharply lift the budget deficit […]


Italy should not ignore damage to banks from soaring bond yields, official tells paper

MILAN, Oct 21 — Italy’s government should not ignore the problems that soaring government bond yields are causing for Italian banks, including possible capital needs, Cabinet Undersecretary Giancarlo Giorgetti said in a newspaper interview…


Moody’s downgrades Italy credit rating on debt, deficit concerns

NEW YORK, Oct 20 — Moody’s cut Italy’s credit rating by a notch yesterday over concerns about government plans for larger deficits and the high public debt load. The ratings agency downgraded the country’s debt to Baa3 from Baa2, with a…


Annual US budget deficit hits six-year high of US$779b

WASHINGTON, Oct 16 — The US budget deficit hit a six-year high of US$779 billion (RM3.24 trillion) in the most recent fiscal year, the Treasury announced yesterday, underscoring the cost of last year's sweeping tax cuts. President Donald Trump…


Italy says it won’t budge over budget

MILAN, Oct 10 — The Italian government insisted today it would stick to budget forecasts despite a jump in borrowing costs sparked by nervous bond investors, and concerns over the numbers underlying the spending plan. Late yesterday, the…


US bond yields near seven-year high stymie world stocks’ recovery

LONDON, Oct 10 — World stocks flatlined today just above eight-week lows, curbed by US long-dated borrowing costs near multi-year peaks, renewed fears for the global economy and the possibility of an Italy-EU clash over budget spending. The…


Stocks flatline after selloff as US borrowing costs hold below multi-year peaks

LONDON, Oct 10 — World stocks inched off eight-week lows today as US long-dated borrowing costs held below multi-year peaks, though market gains were checked by fears for global economic growth and the possibility of an Italy-EU clash over budget…


Sterling recovers after earlier losses, Brexit talks in focus

LONDON, Oct 10 ― The British pound recovered yesterday on rising hopes of a breakthrough in Brexit negotiations, after earlier drifting lower on the back of a stronger dollar and as investors booked profits following the recent rally. The British…


Global markets sell-off accelerates as investor woes mount

LONDON, Oct 8 — World stock markets sank today on economic worries over China and Italy, and alongside the prospect of rising US interest rates, dealers said. Asia and Europe also slid on the coat-tails of Wall Street, where another strong US jobs…


European shares slide on ‘powerful cocktail’ of China slump, Treasuries and Italy

LONDON, Oct 8 — European markets fell heavily today as investor confidence took a knock from last week’s spike in Treasury yields and from a Chinese market slump brought on by concerns that an escalating trade war with the United States could…