spending plans

BATON ROUGE, La | Louisiana governor’s race surprise: Sen. Kennedy won’t run

BATON ROUGE, La. — Ending months of speculation, Sen. John Kennedy announced Monday he won’t run against Gov. John Bel Edwards in 2019, leaving Republicans scrambling without a well-known contender. The announcement, made in a press release, came as a shock. The senator would have been a formidable opponent as Republicans try to unseat the … Continue reading BATON ROUGE, La | Louisiana governor’s race surprise: Sen. Kennedy won’t run

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

MILAN — 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. Giuseppe Conte told lawmakers that if eurozone countries impose sanctions against Italy … Continue reading MILAN | Italy to press on with budget, asks EU sanctions be delayed

MILAN | Students protest Italy’s spending plans, burning effigies

MILAN  — Students across Italy demonstrated against the government’s education funding plans, in the first widespread show of dissidence against the new populist government. Students demonstrated in 50 cities, including some 3,000 who ended their protest outside the Education Ministry in Rome. Hundreds gathered in the northern city of Turin, where protesters burned effigies of … Continue reading MILAN | Students protest Italy’s spending plans, burning effigies

LONDON | European stocks recover their poise on Italy relief

LONDON — European stock markets edged higher Wednesday after the Italian government indicated that upcoming deficits will be lower than originally thought. KEEPING SCORE: In Europe, the CAC 40 in France was up 0.6 percent at 5,499 while the FTSE 100 index of leading British shares rose 0.6 percent to 7,516. German markets were closed … Continue reading LONDON | European stocks recover their poise on Italy relief

MILAN | Italian government backs down on part of spending plans

MILAN  — The Italian government on Wednesday indicated a softening in the public spending plans that have alarmed investors and eurozone partners, saying they would be gradually lowered after 2019. Economy Minister Giovanni Tria confirmed that the deficit to GDP ratio next year would be higher than agreed by the previous government with the European … Continue reading MILAN | Italian government backs down on part of spending plans

SINGAPORE | Stocks turn lower on concern about Italy’s spending plans

SINGAPORE  — Global stocks turned lower on Friday amid concern that Italy’s populist government plans to spend heavily on policies that could add to the country’s already heavy debt load. KEEPING SCORE: In Europe, Italy’s FTSE MIB plunged 4.1 percent to 891 points, while France’s CAC 40 lost 1 percent to 5,487. Germany’s DAX dropped … Continue reading SINGAPORE | Stocks turn lower on concern about Italy’s spending plans

MILAN | Markets unnerved by questions around Italy’s public finances

MILAN — Tensions surrounding the spending plans of Italy’s new populist government are weighing on the country’s stocks and bonds. Some investors appear concerned Italy will break eurozone rules to satisfy election promises. Italy’s benchmark stock index was down 2 percent Thursday and the yield on the Italian government bond yield rose, a sign of … Continue reading MILAN | Markets unnerved by questions around Italy’s public finances