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Malaysia 2027 budget to tackle living costs, fiscal risks as election looms

Malaysia 2027 budget to tackle living costs, fiscal risks as election looms

By Rozanna Latiff KUALA LUMPUR, Oct 7 (Reuters) - Malaysia is likely to deliver a moderately expansionary budget for 2027 on Friday as it looks to boost support for households ahead of a general election that could be called at any time, analysts and economists said.

Le Pen eyes bond markets with promise of bigger spending cuts if far right wins presidency

Le Pen eyes bond markets with promise of bigger spending cuts if far right wins presidency

By Michel Rose and Leigh Thomas PARIS, Oct 6 (Reuters) - Marine Le Pen pledged sharply steeper cuts to spending if she wins French presidential elections next year in a signal to jittery bond markets the far-right leader is serious about reining in France's burgeoning debt pile.

Exclusive-China plans late entry into WHO leadership race, sources say

Exclusive-China plans late entry into WHO leadership race, sources say

By Emma Farge, Olivia Le Poidevin and Stanley Widianto GENEVA, Oct 6 (Reuters) - China plans to put forward a late candidate to lead the World Health Organization, according to four diplomats and a source familiar with the matter, giving Beijing a chance to expand its influence after the US quit the

Analysis-Europe's woes give dollar bulls fresh reason to press on

Analysis-Europe's woes give dollar bulls fresh reason to press on

By Laura Matthews and Saqib Iqbal Ahmed NEW YORK, Oct 8 (Reuters) - The US dollar has surged to an 18-month high this fall, with the latest gains driven by uncertainty across the Atlantic that is emboldening some investors to bet on further dollar appreciation.

ECB's Wunsch pushes back on proposal to increase bank charges

ECB's Wunsch pushes back on proposal to increase bank charges

FRANKFURT, Oct 8 (Reuters) - European Central Bank policymaker Pierre Wunsch pushed back on a proposal to increase charges on commercial banks, warning that it could hurt the credibility of future central bank operations and might even cross into the realm of fiscal policy.

Encroaching energy, mine concessions threaten protected ecosystems, research shows

Encroaching energy, mine concessions threaten protected ecosystems, research shows

By David Stanway SINGAPORE, Oct 8 (Reuters) - Millions of hectares of protected tropical ecosystems are at risk from overlapping mining concessions and oil and gas blocks, researchers said on Thursday, potentially weakening a global treaty aimed at conserving 30% of the world's land, freshwater and

Italy's tax evasion above expected and rising, Treasury report shows

Italy's tax evasion above expected and rising, Treasury report shows

By Giuseppe Fonte ROME, Oct 6 (Reuters) - Italy's tax evasion is higher than previously estimated and on an upwards trend, new government data shows, raising questions about Rome's ability to tackle a chronic problem as it seeks to keep its strained public finances in check.

Indonesia's candidate for WHO chief calls on US to rejoin agency

Indonesia's candidate for WHO chief calls on US to rejoin agency

By Stanley Widianto JAKARTA, Oct 6 (Reuters) - Indonesia's pick to lead the World Health Organization, its health minister Budi Gunadi Sadikin, told Reuters that the United States should rejoin the agency after its exit at the start of this year.

IMF research shows better tax system design can raise revenue, growth without higher rates

IMF research shows better tax system design can raise revenue, growth without higher rates

By David Lawder WASHINGTON, Oct 5 (Reuters) - Governments can improve revenue growth without raising tax rates by improving the design of their tax systems, the International Monetary Fund said on Monday, arguing that avoidable distortions in tax systems are restraining economic growth.

Europe's STOXX 600 gains on banks boost; French stocks slide on fiscal fears

Europe's STOXX 600 gains on banks boost; French stocks slide on fiscal fears

By Medha Singh and Purvi Agarwal Oct 5 (Reuters) - European shares closed higher on Monday, while French equities slid to a six-month low on fiscal concerns and Schneider Electric's fall after acquiring US software firm PTC.

What will Washington do next if US bond yields keep rising?

What will Washington do next if US bond yields keep rising?

By Karen Brettell Oct 5 (Reuters) - The US government is paying more to borrow, and it is running out of easy ways to rein in its borrowing costs. Long-term Treasury yields are near their highest in two decades, and the causes do not look temporary.

IMF Experts Warn Mexico's Debt Will Continue to Rise Without Accelerated Fiscal Adjustment

IMF Experts Warn Mexico's Debt Will Continue to Rise Without Accelerated Fiscal Adjustment

Experts from the International Monetary Fund (IMF) have warned that Mexico's public sector gross debt will continue on an upward trajectory unless fiscal consolidation is accelerated in the initial years of its implementation. The IMF's technical team, following its annual review of Mexico's economy, noted that while the government has made efforts to reduce the deficit from 5.8% of GDP under the previous administration to an estimated 4.2% this year, the consolidation planned for the 2027 budget is more gradual than previously announced. This gradual approach is projected to lead to an increase in government debt from 52.7% of GDP in 2023 to 62.9% by 2027. In 2024 alone, the debt under the administration of Andrés Manuel López Obrador increased by seven points of GDP. The IMF suggests that the credibility of the consolidation plan would be strengthened by proposing measures in advance.