Italy to submit updated plans on EU recovery funds by July – official to paper
ROME, May 25 (Reuters) - Italy will submit to the EU Commission an update of its spending plans related to...
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Why Italy is struggling to spend its EU post-COVID recovery funds
Italian Prime Minister Giorgia Meloni attends the European Union leaders summit in Brussels, Belgium March 23, 2023. REUTERS/Johanna Geron/File PhotoROME,...
CAD hits 3-week low amid U.S. debt ceiling uncertainty
Loonie weakens 0.6% against the U.S. dollarTouches its weakest since May 4Australian and New Zealand dollars also fall10-year yield touches...
Explainer: US debt ceiling focus on ‘discretionary spending’ means cuts ahead
WASHINGTON, May 24 (Reuters) - The central pillar of any debt-ceiling agreement between President Joe Biden and House Republican Kevin McCarthy is shaping up to be "discretionary spending" - the chunk of the United States' roughly $6 trillion annual federal budget that is set annually by Congress.Talks are fluid as Biden and McCarthy work towards a deal to raise the $31.4 trillion debt ceiling and avoid a default as soon as June 1. But cuts to Social Security and Medicare programs that eat up most of the U.S. budget are...
Deutsche, Citi admit anti-competitive bond market activity in UK probe
Boats are anchored in the River Thames, with buildings in the City of London financial district seen behind, as the...
US money market fund assets hit record highs despite debt-ceiling fears
NEW YORK, May 24 (Reuters) - U.S. money market fund assets hit a new record of $5.8 trillion this week...
No signs of progress as White House, Republicans end more debt ceiling talks
House Speaker Kevin McCarthy speaks to reporters outside the West Wing with Rep. Patrick McHenry behind him following debt limit...
US new home sales, business activity rise to 13-month highs
Single-family homes sales increase 4.1% in AprilMedian new house price falls 8.2% year-on-yearBusiness activity rises to 13-month high in MayWASHINGTON,...
Weakest European firms face highest amount of maturing debt since 2015 – DB
LONDON, May 23 (Reuters) - The share of lower-rated European junk debt coming due within the next three years is...
Morning Bid: Fed hawks re-emerge, dollar pumped
A look at the day ahead in U.S. and global markets from Mike DolanAmid all the hand-wringing over the debt...
