Brazil’s real has faced extended losses after Finance Minister Fernando Haddad declined to confirm details on potential government spending cuts. He expressed uncertainty about the figures reported by local newspapers, stating he didn't know their origin.
The French government is taking steps to address absenteeism in the civil service and reduce development aid. These measures are part of a broader plan to cut spending by €5 billion, or about $5.4 billion, in the upcoming budget.
France's youngest finance minister faces the challenge of managing the country's soaring public finances during a time of political uncertainty.
China's recent stimulus rollout aims to boost domestic demand and meet the nation's annual growth target, according to Vice Finance Minister Liao Min. Investors are now waiting for a lawmakers' meeting set to reveal details of Beijing's important fiscal package.
