CAIRO (Reuters) – Oman’s overall budget revenue fell 7% year-on-year to 2.635 billion Omani rials ($6.85 billion) in the first quarter of 2025 as oil revenue dropped, Oman’s state news agency reported on Tuesday, citing data from the finance ministry. Oil revenue for the OPEC+ member was down 13% at 1.468 billion rials in the …
Oman’s first quarter budget revenue down falls as oil income drops Read More »
(Refiles to fix publishing issue with graphic) By Marc Jones and Virginia Furness LONDON (Reuters) -Billions of dollars of debt deals aimed at protecting vital ecosystems from Africa to Latin America are at risk of unravelling or may need reworking amid concerns that crucial U.S. backing is about to dry up under President Donald Trump. …
US climate pullback threatens planned debt-for-nature deals Read More »
MADRID (Reuters) -The Bank of Spain warned on Tuesday that lenders’ income growth was likely to slow down this year amid lower interest rates and geopolitical risks, and it would need to closely monitor the credit quality of bank loans. In its semiannual financial stability report, the central bank said the credit quality was now …
Bank of Spain warns of slowing lending income growth Read More »
By Steven Scheer JERUSALEM (Reuters) -Israel’s budget deficit for 2026 needs to be no more than 4% of gross domestic product, a senior Finance Ministry official said on Tuesday. While the economy is strong and resilient, defence spending is high and risks harming civilian outlays such as in education, health, welfare and infrastructure, said Yali …
By Fergal Smith TORONTO (Reuters) -Canada’s government debt issuance is expected to surpass a pandemic-era record high this fiscal year, which could raise borrowing costs and add to calls for the ruling Liberal Party to be more transparent on its spending plans. Prime Minister Mark Carney has said his government, which retained power in last …
Investors brace for record Canadian government debt issuance as budget delayed Read More »
By Rachel More BERLIN (Reuters) -German consumer sentiment is set to improve again slightly heading into June but households’ hesitancy to spend remains an obstacle to any stronger recovery in Europe’s biggest economy, a survey indicated on Tuesday. The consumer sentiment index, published by GfK market research institute and the Nuremberg Institute for Market Decisions …
German consumer sentiment gets boost for June but households still thrifty, GfK finds Read More »
By Joe Cash and Shi Bu BEIJING (Reuters) -China’s industrial profits picked up pace in April, official data showed on Tuesday, giving policymakers cause for optimism that recent stimulus efforts are helping to keep the economy afloat despite trade tensions with the United States. U.S. President Donald Trump’s decision to single China out in his …
Stimulus helps drive China’s industrial profits as trade risks loom large Read More »
By Leika Kihara TOKYO (Reuters) -The Bank of Japan must be vigilant to the risk rising food prices could push up underlying inflation that is already near its 2% target, Governor Kazuo Ueda said, signaling the central bank’s readiness to continue its rate hikes. The BOJ keeps interest rates low as inflation expectations, or the …
BOJ’s Ueda calls for vigilance over food inflation risks Read More »
TOKYO (Reuters) -A leading indicator of Japan’s service-sector inflation hit 3.1% in April, data showed on Tuesday, keeping alive expectations of further interest rate hikes by the central bank. Service-sector inflation is being closely watched by the Bank of Japan for clues on whether prospects of sustained wage gains will prod firms to continue raising …
Japan’s corporate service inflation hits 3.1% in April Read More »
By Makiko Yamazaki TOKYO (Reuters) -Japan’s net external assets rose to a record 533.1 trillion yen ($3.73 trillion) in 2024, the Ministry of Finance said on Tuesday, rising for a seventh straight year thanks to a weak yen and strong appetite for overseas corporate acquisitions. However, Japan surrendered its position as the world’s top creditor …
Japan net external assets hit record, but surrenders world’s top creditor spot Read More »
