By Joachim Dagenborg
(Reuters) – Germany’s planned defense spending hikes will not trigger welfare cuts, Chancellor Angela Merkel said, rebutting criticism from her Social Democrat (SPD) rivals that she was caving in to
By Stanley White and Leika Kihara
By Rupam Jain
By Peter Szekely
BEIJING (Reuters) – China’s fiscal spending rose at a slower pace in July due mainly to larger expenditure earlier, but a government-led infrastructure push has kept spending brisk this year.
WASHINGTON (Reuters) – The U.S. government on Thursday reported a smaller deficit for July compared to the previous year as a result of an increase in tax receipts and less spending on healthcare.
By Leika Kihara
By Bruno Federowski and Silvio Cascione SAO PAULO (Reuters) – When former Brazilian President Dilma Rousseff’s government repeatedly missed its fiscal targets, investors fled the country.