LONDON (AP) — Britain's government debt has breached the 2 trillion-pound ($2.6 trillion) mark for the first time after heavy borrowing to support the economy during the coronavirus...
WASHINGTON (AP) — The U.S. government has opened the spigots and let loose nearly $3 trillion to try to rescue the economy from the coronavirus outbreak — a river of debt that would have been...
WASHINGTON (AP) — The Federal Reserve took several aggressive steps Monday to support an economy ravaged by the effects of the coronavirus. The amount of money involved is huge and the Fed's...
WASHINGTON (AP) — The Federal Reserve is unleashing its boldest effort yet to protect the U.S. economy from the coronavirus by helping companies and governments pay their bills and survive a...
TOKYO (AP) — World stocks and the price of oil dropped sharply again Friday as pessimism prevailed over hopes for central bank action to counter the economic disruption from the virus...
NEW YORK (AP) — The scent of a possible recession is wafting through the bond market again.
Bonds are supposed to be the boring corner of the finance world, but even high-flying stock...
TOKYO (AP) — The leaders of Malaysia and Japan agreed Tuesday that Japan will issue yen-denominated bonds of up to 200 billion yen ($1.8 billion) to help the Southeast Asian country battle its large government debt.
Japanese Prime Minister Shinzo Abe said Japan also will provide loans to help Malaysia in areas such as education, transportation and people exchanges.
BEIJING (AP) — In his trade war with China, President Donald Trump wields one seeming advantage: The United States could ultimately slap tariffs on more than $500 billion in imported Chinese goods. Beijing has much less to tax: It imported just $130 billion in U.S. goods last year.
Yet that hardly means China would be powerless to fight back once it ran out of U.S. goods to penalize. It possesses a range of other weapons with which to inflict pain on the U.S. economy.
BRUSSELS (AP) — The European Union is warning Italy to rein in government debt, as political parties in Rome try to form a government that aims to increase public spending.
European Commission Vice President Valdis Dombrovskis said Wednesday that "Italy needs to continue to reduce its public debt, which is indeed second highest in the EU after Greece." Italy's debt is currently over 130 percent of GDP.
WASHINGTON (AP) — The costs of borrowing to buy a home increased slightly this week, but U.S. mortgage rates are still near relative lows.
Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages rose to 3.94 percent from 3.88 percent last week. At this time last year, the benchmark rate was 3.47 percent. The historic average was roughly 6 percent.