The initial stage of the fiscal year for the US budget was marked by a significant increase in the deficit. This growth is mainly due to increased spending on health and defense.Data from the Ministry of Finance, released on Wednesday, showed a deficit of $121 billion for October. Compared to the same period last year, this increase was 89%, although after excluding distortions related to the inflow of deferred tax revenues in 2023, the increase was only 22%.These figures are of serious concern ... Read More
The financial industry of the United Kingdom would likely support an increase of £43bn in its ... Read More
The Central Bank of Egypt raised its inflation rates by 200 basis points on Thursday for the second... Read More
The economy of China could possibly weaken once again in the second quarter of 2017, slowed down by... Read More
The banking regulator in Singapore has announced the extension of the execution of global rules for... Read More
The Reserve Bank of Australia made a decision to keep its cash rates unchanged on Tuesday and... Read More
The central bank of Denmark has taken into account on a positive note its participation to the... Read More
Two of largest countries in the world, Japan and the European Union is scheduled to make an... Read More
Factory activity in China improved in June as company reports came in slightly stronger as new... Read More
The Japanese Tankan report manifested a positive data as big manufacturers sentiment has exceeded... Read More
There is a tendency for the European Central Bank to raise its inflation rate this month as shown... Read More
The American economy showed off a slackening performance amid first quarter of 2017 but gained much... Read More
The Congressional Budget Office stated via its analysis report last Thursday that the US... Read More
The retail sales growth in Japan had slowed down in May versus the previous year, which means that... Read More
BoC Governor Stephen Poloz caught the attention of the Canadian market... Read More
China is taking into account a free-trade agreement with Mexico which was officially reported from... Read More
The International Monetary Fund watered down its economic outlook for the United States due to the... Read More
The economy of China has progressed in the second quarter as the corporate profits rose and... Read More
A U.S. central banker forewarned that advanced economies and financial institutions in the United... Read More
US President Donald Trump and India’s Prime Minister Narendra Modi had clinched the deal in i... Read More
ECB President Mario Draghi argued in a statement last Monday that the... Read More
Business growth in the eurozone did not meet expectations as it approaches the end of the first... Read More
Theresa May, British Prime Minister of Britain, said to the leaders of European Union that EU... Read More
The US Senate’s health-care bill has cut billions of dollars worth of taxes from large businesses a... Read More
The majority of US stock prices crashed on the back of an ever-worsening bout of slump on both... Read More
According to the most recent poll, Chinese economists have a positive outlook regarding the future... Read More
Federal Reserve authorities are applying more on a hawkish side on the next rate hike signifying... Read More
The Ifo Institute for Economic Research in Germany had revised its projections regarding the... Read More
The U.S. central bank is ambivalent whether to proceed with the interest-rate hikes in the future... Read More
The Republican bloc of the US Senate will be releasing their draft of the healthcare bill this... Read More
The American economy remains optimistic as shown in the All-America Economic Survey by CNBC,... Read More
