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Business 03 Jul 2016 | 10:35 PM

UK to slash corporation tax to cushion Brexit blow

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.

Business 14 Mar 2016 | 12:00 AM

Britain to cut spending further to protect budget plan

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.

World 25 Feb 2016 | 1:46 AM

Austere South African budget fails to reassure investors

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.

Business 03 Feb 2016 | 12:00 AM

India central bank maintains rates at 6.75%

MUMBAI: India’s central bank kept its policy rate on hold at 6.75%, as widely expected, opting to wait until after the government’s annual budget statement at end-February to decide on whether to cut interest rates further.

Business 02 Feb 2016 | 7:57 AM

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Banking 02 Feb 2016 | 7:51 AM

India keeps rates on hold, says budget key to more easing

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.

Economy 28 Dec 2015 | 4:05 PM

Saudi plans spending cuts, reforms to shrink huge budget deficit

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.

World 23 Oct 2015 | 2:25 PM

South Africa's ANC risks young voter anger in education fee row

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!"

World 21 Oct 2015 | 11:15 PM

South Africa's finmin says students' disruption of parliament not constructive

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.

Business 13 Aug 2015 | 9:30 AM

Breakfast briefing: Thursday, August 13

Breakfast briefing: Thursday, August 13