Economy

India's central bank cuts key interest rate for fifth time

Oct 4, 2019

India's central bank has cut its key interest by a quarter of a percentage point to 5.15%, a fifth consecutive reduction, and has also lowered its economic growth forecast for the 2019-2020 financial year to 6.1% from 6.9% projected earlier

Cyprus: Turkey’s new gas drilling bid ‘severe escalation’

Oct 4, 2019

Cyprus is condemning Turkey’s new attempt to drill for gas inside waters where European energy companies are already licensed to carry out a hydrocarbon search as a “severe escalation” of Ankara’s illegal actions and vowed to fight the move

US construction spending up slight 0.1% in August

Oct 1, 2019

US construction spending up just 0.1% in August, dragged by weak nonresidential building

Egyptian president says he'll protect the poor, middle-class

Sep 30, 2019

Egypt's president says he'll protect the poor, middle-class hard hit by his government's austerity measures

Greek fashion firms revitalize centuries-old silk tradition

Sep 29, 2019

Greece's financial crisis nearly snuffed out the country's centuries-old silk manufacturing tradition, but the end of the crippling recession has raised demand for fashion products and silk produced by a remote border town

Spokesman: China has made deals to buy US soybeans, pork

Sep 26, 2019

China says importers agree to buy American soybeans and pork ahead of October trade talks

Japan welcomes US trade pact, but automakers appeal for help

Sep 26, 2019

Japanese automakers have urged government officials for further effort to improve their business environment after their government signed a trade deal with the US in which auto tariffs remain in effect

Editorial Roundup: Excerpts from recent editorials

Sep 25, 2019

Editorial Roundup: Excerpts from recent editorials in newspapers in the U.S. and abroad

US new home sales climbed a healthy 7.1% in August

Sep 25, 2019

US new home sales climbed a healthy 7.1% in August, helped by low borrowing costs

Russia's Putin hosts Venezuelan leader Maduro for talks

Sep 25, 2019

Russian President Vladimir Putin is meeting Venezuela's leader in Moscow amid the ongoing political crisis in the South American nation

The Budget Report seeks to provide comprehensive coverage and analysis on the current economic, financial issues around the world. First hand finance and economic news all day, every day.