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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.

Business 05 Dec 2012 | 12:00 AM

Osborne tries to sweeten pill for austerity Britain

LONDON: More austerity looks certain when Chancellor George Osborne presents a half-yearly budget statement on Wednesday, even if he tries to juggle some spending around to ease the pain.

Business 20 Mar 2014 | 8:16 AM

Osborne delivers Britain's annual budget - highlights

LONDON: British finance minister George Osborne presented his annual budget statement to parliament on Wednesday. Following are highlights from his speech:

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.

Economy 03 Oct 2014 | 10:26 AM

French economy to grow just 0.4% in 2014

PARIS: The French economy is headed for growth of only 0.4% this year, according to official data published late on Thursday, in line with estimates given in a grim budget statement by the finance minister a day earlier.

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.

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.

Business 25 Mar 2010 | 12:00 AM

UK announces taxes on rich ahead of election

LONDON (AP): Prime Minister Gordon Brown's government used its last budget before a looming national election to take from the rich and give to the poor, raising accusations it is invoking a class war as it attempts to win over recession-weary voters.

Business 29 Nov 2011 | 12:00 AM

Australia announces spending cuts to return to surplus

CANBERRA, Nov 29 (Reuters) Global uncertainty over the European debt crisis has forced Australia to cut its economic growth and revenue forecasts and to outline new spending cuts so the government can honour a promise to return a budget to surplus mid 2013.

Business 30 Nov 2011 | 12:00 AM

Australia unveils cuts to return to surplus

CANBERRA: Global uncertainty over the European debt crisis has forced Australia to cut its economic growth and revenue forecasts and to outline new spending cuts so the government can honour a promise to return the budget to surplus mid 2013.