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Business

A balanced, prudent budget likely

WE believe the budget is likely to be balanced and, for a pre-election/handover budget, prudent, says Joseph Tan, Standard Chartered's economist.

Business

Mubarak's son promises more Egypt economic reform

CAIRO (AP) - The son of Egypt's president, Gamal Mubarak, said Sunday he will press ahead with bold new economic reforms that will be more ambitious and more daring than those that have come before, while still vowing to protect the nation's poor from any fallout.

Business

Danish economy not in a recession, data shows

COPENHAGEN, Denmark (AP) - New data shows that Denmark is no longer in a recession and technically wasn't in a recession in previous quarters either.

Business

Fitch cuts Russia outlook to stable

MOSCOW: Fitch Ratings lowered Russia’s sovereign credit outlook to stable from positive because of intensified political risks during the country’s election cycle, weak growth and rising dependency on high oil prices.

Business

Analysis - South Korea's unloved chaebol

SEOUL (Reuters) - If you are a South Korean you might well wake up in a Samsung-built apartment, watch the news on an LG television, drive a Hyundai car to work and make a dinner reservation at a Lotte Hotel restaurant on a Samsung phone.

Business

UK plans migrant curbs if euro folds - paper

LONDON (Reuters): Britain is drawing up emergency immigration controls to combat any surge in economic migrants from Greece and other European Union countries if the euro collapses, its interior minister said in remarks published on Saturday.

Business

GLOBAL MARKETS-Shares ease, hurt by Spain bank woes

TOKYO (Reuters): Asian shares slipped on Wednesday, hurt by fears that Spain's banking woes will push up the country's borrowing costs to unsustainable levels although falls were limited on hopes that Greece would stay in the euro zone and for China stimulus steps.

Business

Greek conservatives warn of euro exit nightmare

ATHENS: If Greece rejects the 130-billion-euro rescue package meant to dig it out of a debt crisis the country will be plunged into a nightmare that it cannot control, Greece's conservative leader Antonis Samaras said on Thursday.

Business

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

Cash-rich Genting Singapore hopeful of Japan foray

SINGAPORE: Gaming operator Genting Singapore is examining opportunities to enter Japan, where a new government is expected to pass legislation legalizing casinos in the next 12 months to 18 months, company executives said on Friday.