Federal Spending Soars, Revenue Falls
New budget numbers show the urgent need for spending restraint.
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Iraqis Fly to Nearby Countries to Get Dollars as U.S. Cracks Down on Money Laundering
As the U.S. tries to stop the illegal flow of dollars into Iran, local money traders next door in…
Drop in German Industrial Production Worse Than Expected
German industrial output fell 3.4% in March, weighed by a decline in automotive production…
U.S. Trade With World Rose in March on Energy, Auto Shipments
U.S. trade with the rest of the world increased in March as companies shipped more oil, natural gas…
China Caixin Services PMI Slips, But Stays Firmly in Expansion Territory
A private gauge of China’s service sector declined in April but stayed in expansion territory, as…
Bank of Canada’s Macklem Warns Inflation Could Get ‘Stuck Materially Above’ Target
OTTAWA—Bank of Canada Gov. Tiff Macklem said there is a risk that robust wage growth, elevated…
European Central Bank Slows Pace of Rate Increases
FRANKFURT—The European Central Bank increased its key rate by a quarter percentage point, shifting…
Norway Central Bank Raises Key Rate by Quarter Percentage Point to 3.25%, Sees Further Hike in June
Norway’s central bank raised its key policy rate on Thursday and said that another increase is…
Most Asian Currencies Strengthen Amid Falling Treasury Yields
0127 GMT — Most Asian currencies strengthen against USD in the morning session amid falling…