UK Treasury Chief Jeremy Hunt has delayed his much-anticipated economic statement until Nov. 17. The move Wednesday gives the new government of Prime Minister Rishi Sunak a chance to weigh in on policies meant to stabilize the country’s finances after his predecessor’s tax-cutting plans triggered ma
MEXICO CITY (AP) — Moody’s Investors Service downgraded Mexican government debt Friday from Baa1 to Baa2, citing concerns about debt servicing costs and Mexico’s support for the state-owned oil company.
Russia’s Finance Ministry said it transferred a $117 million bond interest payment in an attempt to avoid a default on government debt but left it open if the money actually reached foreign investors by the deadline.
The Bank of England has raised interest rates for the second time in three months. That decision Thursday puts the United Kingdom far ahead of the rest of Europe and the U.S. in moving to tame surging inflation that’s squeezing consumers and businesses.
The U.S. Treasury Department plans to start scaling back the size of some of its government debt auctions, a sign that the government’s huge pandemic-driven borrowing needs are starting to ease.
WASHINGTON (AP) — Fitch has lowered the outlook for its U.S. government credit rating to “negative” from “stable” due to soaring budget deficits, but the agency is keeping its overall rating at the highest AAA level.
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 unthinkable even a few months ago.
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 outbreak.
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.
ATHENS, Greece (AP) — Debt-hobbled Greece got a new morale boost Tuesday, with Fitch ratings agency upgrading its sovereign credit grade, a day after the country’s European creditors backed the release of a new rescue loan payment.