New Thai govt approves higher spending, budget deficit for fiscal 2024
BANGKOK (Reuters) -Thailand’s new cabinet on Wednesday approved a plan for higher fiscal 2024 spending of 3.48 trillion baht ($97.29 billion) and a larger budget …
Spending
Australia’s household spending rebounds in Aug in consumer resilience -CBA data
SYDNEY (Reuters) – Australia’s household spending rebounded in August, led by gains in the education, transport and recreation categories, data from the Commonwealth Bank of …
Analysis-China needs more than cheaper mortgages to revive spending
SHANGHAI/BEIJING (Reuters) – Simon Yu’s monthly mortgage payments for his Shanghai apartment will drop after China’s latest measures to support the ailing property sector, but …
Exclusive-New rules would give Europe more scope for military spending post-Ukraine invasion
By Jan Strupczewski BRUSSELS (Reuters) – The European Union is close to agreeing provisions in revamped fiscal rules to enable extra military spending in the …
US Deficit Skyrockets Thanks To Biden’s Massive Government Spending
US Deficit Skyrockets Thanks To Biden’s Massive Government Spending Lillian Tweten on September 4, 2023 The federal government’s deficit for fiscal year 2023 is set …
Japan household spending suffers biggest drop in 2-1/2 years; outlook not as gloomy
TOKYO (Reuters) – Japanese household spending suffered its biggest drop in nearly 2-1/2 years squeezed by rising prices, although volatility in some items meant the …
UK consumer spending growth slows in August despite ‘Barbenheimer’ boost
By David Milliken LONDON (Reuters) – British consumer spending growth lost pace last month, adding to signs of a weakening economy, despite a doubling in …
From ‘jorts’ to clear backpacks, US back-to-school spending to hit record high this year
By Kailyn Rhone (Reuters) – See-through backpacks and jean shorts are among the popular last-minute purchases ahead of the new school year, several retailers said, …
US construction spending rises strongly in July on single-family housing
WASHINGTON (Reuters) – U.S. construction spending increased solidly in July as a shortage of houses on the market boosted outlays on single-family housing projects. The …
Qatar records $2.74 billion budget surplus in Q2, spending up sharply
By Rachna Uppal (Reuters) – Qatar recorded a budget surplus of 10 billion riyals ($2.74 billion) in the second quarter of 2023, the finance ministry …
Japan makes record defence spending request amid tension with China
By Sakura Murakami TOKYO (Reuters) – Japan’s defence ministry made a record spending request on Thursday of 7.7 trillion yen ($52.67 billion), for fiscal 2024, …
Government spending, macro headwinds threaten Brazil’s economy: ex-central bank chief Fraga
By Lisa Pauline Mattackal (Reuters) – Insufficient government spending cuts, rising global interest rates and tighter liquidity place Brazil in a risky fiscal situation, a …
New Zealand cuts spending plans as China, global economies slow
SYDNEY (Reuters) – New Zealand said on Monday it would cut its future budget allowances, reduce spending on consultants and for some government programmes citing …
JENNY BETH MARTIN: House Freedom Caucus Wants To Do Something About Out Of Control Spending
JENNY BETH MARTIN: House Freedom Caucus Wants To Do Something About Out Of Control Spending Jenny Beth Martin on August 27, 2023 On Monday, the …
US department stores see higher credit delinquencies amid strained spending
By Katherine Masters and Ananya Mariam Rajesh (Reuters) – Major U.S. department stores including Macy’s and Nordstrom are flagging delays in store credit card repayments, …
Poland’s 2024 budget to see big spending on defence, social benefits
WARSAW (Reuters) – Poland plans to raise spending on defence, health, social benefits and public sector pay in 2024, the prime minister said on Thursday, …
Australia economy to slow, govt spending to rise as population ages-report
SYDNEY (Reuters) – Australia faces decades of slower economic growth as its population gets older which will pressure the budget and lift national debt, a …
Germany On Track To Miss Climate Goals Despite $500B+ Green Spending Spree
Germany On Track To Miss Climate Goals Despite $500B+ Green Spending Spree Nick Pope on August 23, 2023 Germany is on track to fall short …
House Freedom Caucus Throws Wrench Into Congress’ Government Spending Fight
House Freedom Caucus Throws Wrench Into Congress’ Government Spending Fight Arjun Singh on August 21, 2023 The House Freedom Caucus has issued a list of …
‘Bloated Federal Spending’: Mike Pence Unveils Plan Reverting Power Back To The States
‘Bloated Federal Spending’: Mike Pence Unveils Plan Reverting Power Back To The States Mary Lou Masters on August 16, 2023 Former Vice President Mike Pence …
Target set to post first quarterly revenue drop in six years as consumers cut spending
By Granth Vanaik (Reuters) – Target is expected to post its first quarterly drop in revenue in about six years when it reports results on …
Federal Government’s Spending And Money Printing Spree Causing ‘Inflation Tax’ Which Is Greater Than Income Tax
Federal Government’s Spending And Money Printing Spree Causing ‘Inflation Tax’ Which Is Greater Than Income Tax Will Kessler on August 11, 2023 Americans are paying …
Universities Are Spending Like Crazy To Grow Their Bureaucracies, And Students Are Footing The Bill, Analysis Finds
Universities Are Spending Like Crazy To Grow Their Bureaucracies, And Students Are Footing The Bill, Analysis Finds Reagan Reese on August 10, 2023 Public universities …
Rainy July hurts UK retailers: spending growth slowest in 11 months
LONDON (Reuters) – British retailers suffered from heavy rain in July on top of the impact of high inflation with sales growth dropping to an …
Morgan Stanley warns of hit to equity valuation if US fiscal spending is cut
(Reuters) – Brokerage Morgan Stanley on Monday warned that lofty U.S. equity valuations could be questioned by investors if aggressive fiscal spending is curtailed after …
Russia Doubles Defense Spending As War With Ukraine Escalates
Russia Doubles Defense Spending As War With Ukraine Escalates Jake Smith on August 4, 2023 Russia has doubled its defense spending goals amid surging costs …
US construction spending rises strongly in June
WASHINGTON (Reuters) – U.S. construction spending increased solidly in June and the prior month’s data was revised higher, boosted by outlays in both single and …
US House, Senate leaders committed to passing spending bills, McCarthy says
WASHINGTON (Reuters) – U.S. House of Representatives Speaker Kevin McCarthy said on Thursday that he and Senate Majority Leader Chuck Schumer were committed to passing …
Ukraine’s Zelenskiy calls for spending restraint, minister offers to resign
KYIV (Reuters) – Ukrainian President Volodymyr Zelenskiy urged his government on Thursday to keep a tight rein on spending in wartime, in a call that …
EU ministers back more Ukraine aid, but differ on other spending
BRUSSELS (Reuters) – European Union finance ministers on Friday unanimously backed extra funds for Ukraine through a top-up of its long-term budget, although differences persisted …
Back-to-school spending set for first decline in nine years as inflation bites – report
By Deborah Mary Sophia (Reuters) – Back-to-school spending is expected to fall for the first time in nine years as shoppers across all income levels …
For many, French urban spending can’t shake the ghetto feeling
By Tassilo Hummel WOIPPY, France (Reuters) – After a bout of street unrest just over a decade ago, the Woippy suburb of the northeastern city …
Aussie retailers in for more pain as high interest rates squeeze spending – Citi
(Reuters) – Australian retailers are in for a sombre period this fiscal year as high interest rates squeeze household budgets, especially for discretionary spending, Citigroup …
Ireland to hike core government spending by 6.1% in 2024
DUBLIN (Reuters) – Ireland intends to increase core public expenditure by 6.1% next year in an overall budget package of 6.4 billion euros ($6.98 billion), …
US construction spending beats expectations in May on housing
WASHINGTON (Reuters) – U.S. construction spending increased more than expected in May as a severe shortage of houses for sale boosted outlays on single-family homebuilding. …
Fourth Of July Cookout Spending To Hit Record High Amid Inflation
Fourth Of July Cookout Spending To Hit Record High Amid Inflation Laurel Duggan on July 3, 2023 Individual spending on Fourth of July food items …
Investors, analysts question Nike’s wholesale strategy amid gloomy N. American spending
By Katherine Masters and Ananya Mariam Rajesh NEW YORK (Reuters) – Some analysts and investors question Nike’s move to sell its sneakers and clothing through …
Instant View: US consumer spending edges up in May; inflation still high
(Reuters) – U.S. consumer spending slowed sharply in May, but persistently strong underlying inflation pressures could compel the Federal Reserve to resume raising interest rates …
Trump, DeSantis allies drive a 2024 election spending spree
By Jason Lange and Nathan Layne WASHINGTON (Reuters) – Two groups allied with former President Donald Trump and Florida Governor Ron DeSantis have pumped more …
Thailand’s economy picks up in May as tourism, spending rise
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy continued to recover in May as tourism gathered momentum and private and public spending …
Analysis-‘Show us the money’: Canada pressured by allies to up military spending
By Steve Scherer OTTAWA (Reuters) – Canada is expected to boost military spending after a government review next month, but the increase is unlikely to …
Oracle spending ‘billions’ on Nvidia chips this year – Ellison
By Stephen Nellis MENLO PARK, California (Reuters) – Oracle Corp is spending “billions” of dollars on chips from Nvidia Corp as it expands a cloud …
Fed Chair Claims Massive Government Spending Bills Aren’t Driving Inflation
Fed Chair Claims Massive Government Spending Bills Aren’t Driving Inflation Harold Hutchison on June 28, 2023 Federal Reserve Chairman Jerome Powell claimed Wednesday during a …
CARTER And GILMORE: Biden Wants Higher Taxes And More Spending. We Have A Better Idea
CARTER And GILMORE: Biden Wants Higher Taxes And More Spending. We Have A Better Idea James Carter and Jim Gilmore on June 17, 2023 Having …
Russian officials seek to streamline budget spending, but disagree on tax hikes
By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) – Faced with a $42 billion budget hole so far this year, Russian officials on Thursday acknowledged …
House GOP Spending Bill Would Block Veterans Affairs From Funding Sex Changes, Abortions
House GOP Spending Bill Would Block Veterans Affairs From Funding Sex Changes, Abortions Micaela Burrow on June 14, 2023 A GOP-led spending bill that passed …
France’s Finance Minister pledges renewed push to cut public spending -FT
(Reuters) – French Finance Minister Bruno Le Maire will take a more stringent approach to public finances, he told the Financial Times ahead of a …
U.S. ‘aspirational’ shoppers are spending less on fashion, jewelry
By Katherine Masters NEW YORK (Reuters) – A gulf in spending patterns between wealthy Americans and so-called “aspirational” shoppers is driving luxury retailers to search out …
‘Their Policy Is Insolvency’: Pence Bashes Trump And Biden Over Entitlement Spending
‘Their Policy Is Insolvency’: Pence Bashes Trump And Biden Over Entitlement Spending Harold Hutchison on June 8, 2023 Former Vice President Mike Pence criticized former …
McCarthy Pushes Back Against Senate GOP On Defense Spending
McCarthy Pushes Back Against Senate GOP On Defense Spending Arjun Singh on June 6, 2023 House Speaker Kevin McCarthy has signaled that he will not …