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LONDON: Britain will reprivatise bailed-out lender Royal Bank of Scotland by selling £15bil (RM82bil) of shares, according to budget documents released on Wednesday, in a boost to finance minister Philip Hammond’s coffers.
LONDON: In 2011, early in his time as Chancellor, George Osborne said he would revive British manufacturing as he promised "a march of the makers" to rebalance the economy. This week, Osborne's successor Philip Hammond staked out his own priority: turning around Britain's long-standing productivity problem to meet the challenges of leaving the European Union.
LONDON: British house prices rose for a second month in September and enquiries from buyers picked up for the first time since February, suggesting the housing market has weathered the initial shock of the Brexit vote, a survey showed.
LONDON: British finance minister George Osborne (pic) said he would announce deeper cuts to public spending this week in order to protect his plan to eliminate the budget deficit from a weakening of the economy.
MUMBAI: India's central bank kept its policy rate on hold at 6.75% on Tuesday, as widely expected, opting to wait until after the government's annual budget statement at the end February to decide on whether to cut interest rates further.
RIYADH/DUBAI: Saudi Arabia, its finances hit by low oil prices, announced plans to shrink a record state budget deficit with spending cuts, reforms to energy subsidies and a drive to raise revenues from taxes and privatisation.