Malaysian Prime Minister Anwar Ibrahim’s latest budget offers more relief to households, though analysts see limited progress on deeper reforms and potential challenges in reducing the fiscal deficit.
UK Chancellor of the Exchequer John Healey must find £35 billion ($46 billion) to meet the Labour government’s spending ambitions, the Institute for Fiscal Studies warned ahead of the budget later this month.
Bond markets are starting to do some of the lifting for central banks around the world by pushing up borrowing costs themselves, potentially reducing the number of benchmark interest-rate hikes needed to get inflation under control.
Bloomberg News Senior Economics Writer Shawn Donnan tells Bloomberg This Weekend that globalization has continued to expand despite a decade of populist policies, tariffs and efforts to reshape international trade following Brexit and President Donald Trump's first election victory. Speaking with ho
Americans have been relentlessly spending their paychecks despite rising prices, buying pickup trucks with diesel near record highs and steak dinners even as the cost of beef soars.
Emerging-market bonds and currencies were whipsawed by the Eurozone debt crisis 15 years ago, but they are now better equipped to withstand any repeat of that turmoil, analysts say.
UN’s development arm calls for urgent action as crises could ‘throw tens if not hundreds of millions back into poverty’Developing countries face a triple shock from the energy crisis, El Niño and surging borrowing costs and need urgent support from the international community, the UN’s development a
Higher gasoline prices probably led to quicker overall US inflation in September even as underlying price pressures moderated, supporting views that the Federal Reserve will refrain from raising interest rates this month.
"Thus the fiscal pressure caused largely by France’s very generous government pension plan has led to cutbacks in other spending, notably on education."
Expensive utility bills have become an increasingly sharp thorn for Americans’ wallets, but warmer weather this winter and energy assistance programs can help.
Sentiment among US consumers deteriorated for a third straight month on cost-of-living concerns, while personal spending in Japan continued to weaken and German factory orders slid.
Egyptian inflation slowed for a second straight month to its lowest level since February, riding out renewed price pressures amid an escalation in the Iran war.
The AI-fueled resilience of the world’s most-watched stock indexes is masking a widening retreat across financial markets, as elevated oil prices and borrowing costs take their toll.
"Both social security and Medicare have looming problems." That's Lazard's Peter Orszag on "Bloomberg Money" discussing how nothing will change for those programs without a crisis. (Source: Bloomberg)
Asset managers are offloading long-duration Treasuries futures contracts, an indication that forced selling is underway as cash yields hover just off multiyear highs.
Bloomberg's Sarah Foster joins Scarlet Fu and Tom Keene on "Bloomberg Money." Some savers are questioning whether maxing out their 401(k) is the best strategy, considering factors such as potential tax rate changes and desire for more control over investments. (Source: Bloomberg)