DUBAI (Reuters) – Saudi Arabia registered a deficit of 109.2 billion riyals ($ 29.12 billion) in the second quarter of this year as low oil prices hurt revenue, a report by the Ministry of Finance released Tuesday. FILE PHOTO: A Saudi flag flies over the Saudi Arabian consulate in Istanbul, …
Read More »Canada and the United States could extend the ban on non-essential travel ban: sources
OTTAWA (Reuters) – Canada and the United States are ready to extend the non-essential travel ban that was imposed to combat the coronavirus outbreak, although no final decision has been made, two Ottawa sources familiar with the matter said Monday. Canadian Prime Minister Justin Trudeau attends a press conference at …
Read More »Argentina sweetens debt renewal offer to creditors; sets deadline for August 4
BUENOS AIRES (Reuters) – Argentina’s government unveiled a modified debt restructuring proposal on Sunday and set a deadline of August 4 for creditors to accept it, adding some key sweeteners as it appears to calm recent tensions with the bondholders and come to an agreement. FILE PHOTO: The President of …
Read More »Fed Powell Emphasizes Uncertainty and Challenges Facing the US Economy
FILE PHOTO: US Federal Reserve Chairman Jerome Powell arrives to speak to journalists in Washington, USA, on March 3, 2020. REUTERS / Kevin Lamarque (Reuters) – US Federal Reserve Chairman Jerome Powell said Monday that prospects for the world’s largest economy are “extraordinarily uncertain” and will depend as much on …
Read More »Martin named new Irish Prime Minister vows to face deep recession
DUBLIN (Reuters) – Ireland’s parliament on Saturday elected veteran opposition leader Micheál Martin as prime minister to head the first coalition uniting the two parties that have fought for power since a civil war nearly a century ago. Taoiseach Micheal Martin, Party Leader Fianna Fail leaves the Convention Center, on …
Read More »