Hong Kong’s finance chief has confirmed an early operating account surplus driven by strong financial market performance and stock trading stamp duty revenue, as he addressed calls for more elderly welfare measures at the first public forum for the coming budget. Financial Secretary Paul Chan Mo-po vowed on Saturday to make “utmost” efforts to address…
By Inti Landauro and Makini Brice PARIS (Reuters) -Caretaker French Prime Minister Sebastien Lecornu struck a cautiously optimistic tone on Wednesday, saying a deal on the country’s budget could eventually be reached, making the possibility of a snap election less likely. Lecornu’s remarks came as he was set to wrap up talks on Wednesday with…
FOR THE third time in little over a year, France looks likely to lose its prime minister. François Bayrou’s decision on August 25th to put his government’s survival on the line with a vote of confidence on September 8th was as unexpected as it was risky. The centrist prime minister runs a minority government in…
(Bloomberg) — China’s budget deficit climbed to a fresh record in the first half, highlighting intensified government efforts to shore up domestic demand as Donald Trump’s tariffs reduce exports to the US. Most Read from Bloomberg The broad fiscal gap reached 5.25 trillion yuan ($733 billion) in January-June, according to Bloomberg calculations based on data…