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China's 2015 budget deficit rate higher than declared: minister

published less than 1 hour ago
China's 2015 budget deficit rate higher than declared: minister
China's budget deficit this year will be higher than previously declared as the government boosts fiscal spending in a bid to bolster economic growth, the finance minister said Friday. Premier Li Keqiang said Thursday in his "work report" to the National People's Congress (NPC), the country's Communist-controlled parliament, that the deficit would amount to 2.3 percent of gross domestic product, up from 2.1 percent in 2014. The actual US deficit is far larger, as its economy remains around double the ... more

Greek and German bruisers limber up for 'rumble in the eurozone'

published less than 1 hour ago
Greek and German bruisers limber up for 'rumble in the eurozone'
Schaeuble and Lafazanis, 63, have not yet sat down together around a negotiating table in Brussels, but a clash between them is unavoidable nonetheless as Athens and Berlin square up for another bail-out showdown. Lafazanis is responsible for some of Greece's main state companies that were slated to be privatised under the rescue plan agreed with the EU and the International Monetary Fund. Schaeuble, however, insists on the new Greek government honouring the country's existing pledges, and he has castigated ... more

LGBT anti-discrimination bill passes Utah test

published about 2 hours ago
LGBT anti-discrimination bill passes Utah test
SALT LAKE CITY (AP) — A Republican-controlled Senate committee in the Utah Legislature offered its unanimous and at times emotional support for a proposal to protect gay and transgender individuals as the landmark measure passed its first test.

Greek PM seeks EU talks after ECB snub

published about 2 hours ago
Greek PM seeks EU talks after ECB snub
Greek Prime Minister Alexis Tsipras has requested a meeting with European Commission chief Jean-Claude Juncker, a government source said Friday, after Athens got no help from the European Central Bank to address a cash squeeze. "The prime minister called Mr Juncker to arrange a meeting next week," a government source said. German daily Sueddeutsche Zeitung had earlier reported that Tsipras had wanted to see Juncker today, but his request was turned down.

Former China leader not implicated in aide's investigation, official says

published about 2 hours ago
BEIJING (Reuters) - Retired Chinese President Hu Jintao is not being implicated in a corruption probe into a former top aide, a senior government spokesman said on Friday, adding that the official was being investigated more over financial issues than political ones.