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LONDON: British finance minister George Osborne is planning to cut corporation tax to less than 15 percent in an attempt to offset the shock to investors of the country's decision to leave the European Union, the Financial Times reported on Sunday.
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.
CAPE TOWN (Reuters) - South Africa's austere budget, aimed at avoiding credit rating downgrades, failed to reassure investors and the rand fell more than 3 percent against the dollar while government bond yields soared.
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.
JOHANNESBURG (Reuters) - As thousands of South African university students protested against tuition fee hikes this week, one banner stood out for its raw summary of post-apartheid disappointment: "Our parents were sold dreams in 1994. We are just here for the refund!"
CAPE TOWN (Reuters) - South Africa's Finance Minister Nhlanhla Nene said on Wednesday the disruption of parliament by university students protesting planned higher fees next year was not constructive.