Austerity

Nationwide protests in over 200 French cities disrupted daily life, forcing the Eiffel Tower to close. Unions demand higher taxes on the rich and oppose austerity, while Prime Minister Sébastien Lecornu prepares budget plans.

What the shift on austerity means for markets

The world is now set to experience another surge in debt and deficits from levels that only nine months ago would have been deemed unthinkable by most economists and financial market participants

Austerity over; India relatively attractive: HSBC Global AMC

Speaking to CNBC-TV18, Bill Maldonado, Chief Investment Officer-Asia Pacific and Global CIO-Equities at HSBC Global Asset Management, said the Modi government has a fantastic track record on reforms.

IMF: Greece may need 30 years to recover

The IMF's stark warning on Greece's debt came as Prime Minister Alexis Tsipras struggled to persuade deeply unhappy leftist lawmakers to vote for a package of austerity measures and liberal economic reforms to secure a new bailout.

Raje's austerity measures to give competition to AAP govt

After deciding to cut down her security detail by half, not moving to the designated chief minister's house and stopping at traffic lights, Vasundhara Raje now wants ministers and officials to go down the same route. District collectors, SPs and ministers have been directed accordingly at the Collectors and SPs conference in Jaipur.

'Sense of achievement' as Ireland leaves bailout

As Ireland gets ready to exit its bailout program this weekend, Finance Minister Michael Noonan tells CNBC that there is a sense of achievement that the economy is getting back on its feet.

Executive pay: Bonuses down, pay freezes up

The average (median) bonus payout for a chief executive in the FTSE 350, the index of the UK's top listed companies, was £905,000 in 2013, a 7 percent fall from 2012, according to analysis by PricewaterhouseCoopers (PwC).

G20 puts growth before austerity, seeks to calm markets

Group of 20 nations (G20) kepr growth on priority ahead of austerity as it seeks to rebalance a multi-speed global economy. The meeting of all central bank governors and finance ministers in Moscow on Saturday will give finishing touches to a joint communique.

India should outperform once flows come back: Ebrahim

India has slowed down from 8-9 percent to about 4.5-5 percent. Hence, domestic market has not sold off that much. The domestic market has held up relatively well, which gives confidence that when the flows come back, India should outperform being more insulated compared to some of the other markets

US Q1 GDP revised slightly lower; austerity bites

Another report on Thursday showed the number of new jobless claims rose last week, and together the data reinforced the view that the US economy may be entering yet another soft patch.

Austerity is hurting our health, say researchers

Austerity is having a devastating effect on health in Europe and North America, driving suicide, depression and infectious diseases and reducing access to medicines and care, researchers said on Monday.

Icelanders oust government over austerity programme

Fatigued by years of austerity and swayed by promises of debt relief, Icelandic voters dumped the Social Democrats from power on Saturday, returning a centre-right government that ruled over its stunning financial collapse just five years ago.

RBI officials fear Budget may give less room for rate cuts

India's austerity push in a Budget to be unveiled on Thursday threatens to have the unintended impact of adding to inflationary pressure, hampering chances for rapid interest rate cuts that the government wants, RBI officials told Reuters.

Top 100 arms makers' arms sales fall in 2011: study

Arms sales by the 100 biggest weapons makers fell for the first time since the mid-90s in 2011 as economies slowed and military equipment purchases were reduced for operations in Afghanistan and Iraq, a leading think-tank said on Monday.

Where's the growth? Euro zone still lacks investor appeal

Encouraged by the euro zone's resilience last year in the face of severe doubts about its survival, some outside investors have snapped up assets in the strongest corners of the region.

In Europe, everyone will worry about 'default'

The key word of 2013 will not be debt, growth or recession—it will be default. No one will want to use that word and will instead use terms like "forgiveness" and "realignment of future commitments." Here are five predictions for how this story will play out.

Rupee hits 1-1/2 month low; vulnerable to more losses

The rupee dropped on Monday to its weakest level against the dollar in more than a month and half, tracking a bout of global risk aversion ahead of US elections and a key Greek parliamentary vote on austerity.

Markets have put Greece woes behind for now: StanChart

Sarah Hewin of Standard Chartered says markets have largely put Greece woes behind it at the moment. “We have seen the peripheral debt markets rallying since Mario Draghi announced the new bond buying plan from the ECB,” she told CNBC-TV18 in an interview.

Tens of thousands protest against austerity in Rome

Tens of thousands of people marched through Rome in a "No Monti Day" on Saturday, some throwing eggs and spraying graffiti to protest against austerity measures introduced by Italian Prime Minister Mario Monti's government.

Spain to unveil new austerity steps soon: sources

Spain's government is putting finishing touches to an up to 30 billion euro package of spending cuts and tax hikes to help it meet this year's deficit targets, sources with knowledge of the matter said.

Europe's worst nightmare: What if Euro can't be saved?

Here's a nightmare for Europe's leaders to ponder as they prepare for yet another summit to tackle the euro zone crisis: a bond auction fails in Spain, spreading solvency worries to Italy and beyond and triggering uncontrollable bank runs that spell the single currency's end.

How to be a soccer fan in the age of austerity

Couch-surfing, a junk-food diet, bootleg kits, budget flights at punishing hours, and above all enough passion for the beautiful game to remind yourself why you endure this.

India's shocking GDP: What are RBI's options on June18?

Latest data shows the Indian economy grew at a shocking 5.3% in the fourth quarter of the last fiscal, a level last seen 9 years ago. This takes the overall FY12 growth numbers to an abysmal, lower-than-expected 6.5%. While the government is still putting on a brave face, the FY13 growth target of 7% may be a long shot.

Govt launches austerity drive, bans meetings in 5-stars

Launching an austerity drive to contain expenditure, the government today banned creation of new posts in its departments and holding their meetings in five-star hotels besides imposing curbs on foreign travel.

India announces austerity measures, cuts non-plan spend

India announced a series of austerity steps on Thursday, including a 10% cut in non-plan expenditure for 2012/13, in a bid to contain its ballooning fiscal deficit.