Jun 28, 2016 at 19:20 | Source: PTI
Finance minister George Osborne warned today that Britain would face tax rises and further cuts to state spending after the country voted to leave the European Union.
Jun 14, 2016 at 15:39 | Source: Reuters
After quarterly profit and sales missed expectations in April, Ericsson said slower network spending in Europe and Latin America would require further cost cuts, but it not say how big those cuts would be.
Jun 08, 2016 at 12:44 | Source: Reuters
Plunging oil prices since mid-2014 have placed great stress on Saudi Arabia's finances, causing a big budget deficit last year and forcing it to seek new sources of income, including taxes and other fees, and to make extensive spending cuts. The government aims to balance its budget by 2020, Alassaf said.
May 23, 2016 at 07:34 | Source: PTI
After waves of protests over a string of unpopular reforms, lawmakers from the ruling leftist party are to approve today night a bill of over 7,000 pages that raises the sales tax cap and introduces a mechanism to slash spending further in case of budget overruns.
May 23, 2016 at 07:32 | Source: PTI
There was one small dent in the left-led government majority of 153 lawmakers in the 300-member Parliament, with one Syriza party MP voting against the superfund and the contingency mechanism that will trigger automatic spending cuts if Greece fails to meet the targets of its bailout agreement with its creditors.
May 04, 2016 at 12:09 | Source: Reuters
In its first earnings results since its February 15 USD 54 billion acquisition of BG Group, the Anglo-Dutch company reported current cost of supplies (CCS) earnings excluding identified items, the company's definition of net income, of USD 1.55 billion, compared with analysts' expectations of USD 1.04 billion.
Apr 07, 2016 at 18:37 | Source: Reuters
India's power reforms are likely to put pressure on state governments' budgets, potentially forcing them to cut spending needed to support economic growth, the Reserve Bank of India (RBI) said in a report on Thursday.
Mar 02, 2016 at 10:04 | Source: Reuters
The state-led oil company's capital spending program will fall to about USD 80 billion in the 2016-20 period, an average of about USD 16 billion a year, said the sources, who requested anonymity because the plan is not final.
Feb 29, 2016 at 21:21 | Source: Reuters
But the government of Prime Minister Narendra Modi has vowed to end the military's dependence on imports that have made it the world's largest buyer, according to the Stockholm International Peace Research Institute.
Feb 29, 2016 at 16:44 | Source: PTI
It has been a practise for some years to cut budgeted Plan expenditure at the revised estimate stage to keep a tab on burgeoning fiscal deficit.