UPDATE 1-Mexico minister vows tighter budget to send markets 'great signal'

(Adds details, context on next budget) By Michael O’Boyle MEXICO CITY, Dec 12 (Reuters) – Mexico’s new leftist government is aiming to keep a tight rein on its first budget to ensure it retains the confidence of financial markets, the Finance Ministry said on Wednesday, while promising respect for international investment. New finance minister Carlos Urzua is due to present […]

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Congress approves short-term spending bill to avert government shutdown

WASHINGTON (Reuters) – The U.S. Congress on Thursday approved a two-week stopgap spending bill to avert a government shutdown, setting up a potential showdown over President Donald Trump’s proposed border wall later this month. Without action by Congress, funding for several federal agencies, including the Department of Agriculture, State Department and Department of Homeland Security, had been set to expire […]

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Italy is in a honeymoon period that will end in 2-3 months, former prime minister warns

At the same time, the opposition parties, including the liberal Partido Democratico, have struggled to fight rising populist sentiment. taly has the second highest debt pile in Europe and one of the largest in the world at 130 percent of debt to gross domestic product (GDP). The anti-establishment government in Rome is going through a “honeymoon” phase, with rising popularity, […]

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Showdown over budget expected to be delayed amid Bush funeral

WASHINGTON – Congress is likely to extend a Friday deadline for finishing work on the federal budget until just before Christmas. The House committee that writes the annual spending bills announced Monday that legislation has been filed to keep the government running until Dec. 21. The Senate Appropriations Committee also confirmed the agreement Monday. Congress has curtailed much of its work […]

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Is This Budget Airline Diversifying or Just Losing Focus?

For most of its roughly two-decade history, Allegiant Travel (NASDAQ: ALGT) has presented itself as being more than just an airline. While Allegiant Air is one of the three big ultralow-cost carriers in the U.S., the company strives to sell complete travel packages, rather than just airline tickets. This has helped it develop a stream of high-margin commission revenue selling […]

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Italy to press on with budget, asks EU sanctions be delayed

Italy's leader said Thursday that the government will speed up investments to help economic growth, but that the main points of its big-spending budget plan would not be changed despite the EU's warning it is in serious breach of the rules. Continue Reading Below Giuseppe Conte told lawmakers that if eurozone countries impose sanctions against Italy over its budget, as […]

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Italy's Tria urges less conflict, shared solution with EU on budget

ROME, Nov 21 (Reuters) – Economy Minister Giovanni Tria said on Wednesday the dispute over Italy’s budget was hurting the Italian and the European economies and that Rome would seek a shared solution with the European Commission. “The dramatisation of the dispute between Italy and the Commission damages the Italian and by consequence the European economy,” Tria said in a […]

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RPT-UPDATE 1-Norway's minority government seals budget deal, sets stage to expand cabinet

(Repeats story from late Tuesday) OSLO, Nov 20 (Reuters) – Norway’s minority centre-right government has struck a deal with the independent Christian Democrats (CDP) on a 2019 fiscal bill, it said on Tuesday, securing the budget’s passage in parliament and setting the stage for talks to expand the cabinet. Prime Minister Erna Solberg, in power since 2013, has long sought […]

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