Bonds

Malaysia unveils record 2019 budget, fiscal deficit rises

Malaysia's new government has unveiled a record budget for 2019 despite battling a huge national debt, with new tax measures and increased dividends from national oil company Petronas intended to plug the country's fiscal deficit.

What's at stake as Italy plays chicken with markets, EU

Italy's government is playing a game of chicken with European authorities and financial markets over plans to spend big — and it's unclear whether the country can avoid a collision that would spread wreckage throughout Europe and the rest of the world.