Troubled British defence group sees 35% fall in pre-tax profit on an underlying basis amid scaling back of western involvement in Iraq and Afghanistan

As much as half of U.S. economic growth this year has been slashed due to tax increases and indiscriminate federal spending cuts known as sequestration,...

WASHINGTON (Reuters) - Most U.S. states are set to end this fiscal year in solid financial shape, but a report on Thursday said an array of threats including federal budget cuts and potential sales tax declines will keep state spending.

LOS ANGELES (MarketWatch) -- Japanese Prime Minister Shinzo Abe said Sunday his government plans to launch a dramatic tax break for corporate investment this autumn after the conclusion of upper-house elections. Speaking in an interview with broadcas

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Sunday the government would decide on tax cuts in autumn to encourage companies to boost capital expenditure as part of sweeping reforms to revive the economy from nearly two decades of sta

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Sunday the government would decide on tax cuts in autumn to encourage companies to boost capital expenditure as part of sweeping reforms to revive the economy from nearly two decades of sta

June 7 (Reuters) - Moody's Investors Service on Friday downgraded the City of Chicago's (IL) motor fuel tax debt to Baa1 from A3. The outlook remains negative.

The figures suggest the economy is holding up well despite tax rises and public spending cuts, with demand growth strong enough to create jobs steadily

WASHINGTON -- Private-sector job growth picked up slightly in May, but the 135,000 positions added by employers fell well short of expectations and showed the labor market is struggling in the face of tax increases and federal spending cuts. &nb

Private companies added 135,000 workers last month, a lower-than-expected figure underscoring that the  higher taxes and government spending cuts may be hurt the labor market.

TOKYO, June 5 (Reuters) - Prime Minister Shinzo Abe will pledge to boost incomes by 3 percent annually and allow tax cuts and reduce red tape in special economic zones when he unveils the latest tranche in his growth strategy on Wednesday, Japanese m

TOKYO, June 5 (Reuters) - Prime Minister Shinzo Abe will pledge to boost incomes by 3 percent annually and allow tax cuts and reduce red tape in special economic zones when he unveils the latest...

TOKYO, June 5 (Reuters) - Prime Minister Shinzo Abe will pledge to boost incomes by 3 percent annually and allow tax cuts and reduce red tape in special economic zones when he unveils the latest...

Government cuts tax from 6% to zero in move that signals concern that Brazil’s currency is weakening too quickly against the dollar

June 4 (Fitch) - Fitch Ratings has downgraded to 'BBB+' from 'A-' the rating on the following Chicago, IL motor fuel tax bonds: --Approximately $101 million motor fuel tax revenue TIFIA bond (Wacker...

SAO PAULO, June 3 (Reuters) - Brazilian auto sales rose inMay from a year earlier, sources with access to preliminarysales data said on Monday, bolstered by government tax cuts tosupport the local car industry.

€1.7bn savings are first step in a series of reforms promised this year by President François Hollande to tackle social welfare system

The gap between the rich and rest has risen fastest in countries where politicians have cut taxes the most.    

Enrico Letta, prime minister, is caught between honouring Italy’s fiscal commitments to Brussels while finding the funds needed for tax cuts

House Budget Committee Chairman Rep. Paul Ryan (R-WI) appeared on CNBC's Squawk Box Wednesday morning where he sat in as a guest for over an hour. While on, he talked about corporate tax reform, the federal budget deficit, and the GOP budget plan amo

South China Sea tension mounts near Filipino shipwreck (Reuters) OECD cuts economic forecasts as eurozone drags on growth (FT) Switzerland frees banks to settle U.S. tax evasion cases (Reuters) U.S. Says Firm Laundered Billions (WSJ)... no, it's not

AUSTIN, Texas, May 27 (Reuters) - Texas lawmakers sent Governor Rick Perry more than $1 billion in proposed business tax cuts shortly before the end of the biennial legislative session on Monday and...

AUSTIN, Texas, May 27 (Reuters) - Texas lawmakers sent Governor Rick Perry more than $1 billion in proposed business tax cuts shortly before the end of the biennial legislative session on Monday.

CORK/DUBLIN (Reuters) - Until this week, Richard Bruton enjoyed the sweet spot in Irish government. While cabinet colleagues rolled out spending cuts and tax hikes, Bruton got the photo opportunities with foreign CEOs investing in their favorite corn

CORK/DUBLIN, May 22 (Reuters) - Until this week, Richard Bruton enjoyed the sweet spot in Irish government. While cabinet colleagues rolled out spending cuts and tax hikes, Bruton got the photo opportunities with foreign CEOs investing in their favou

CHICAGO, May 21 (Reuters) - The funding gap for 10 Chicago-area public pension systems widened by 16.7 percent to $32 billion in fiscal 2011 from fiscal 2010, heightening the risk of tax increases or service cuts for residents, a report by a civic wa

No hard evidence has ever emerged that the Bush tax cuts stimulated the economy, an economist writes.    

Yair Lapid presented an austerity budget this month with tax increases and subsidy cuts that hit hard the people he claimed to represent.    

* Italy plans tax cuts while sticking to EU budget promises

The Congressional Budget Office cited bigger-than-expected tax receipts and payments from Freddie Mac and Fannie Mae.    

The brighter US fiscal outlook is the result of a combination of increased tax revenues, due partly to the economic recovery, and deep automatic spending cuts

May 14 (Reuters) - Standard & Poor's Ratings Services said on Tuesday it cut Wayne Charter County, Michigan's limited-tax general obligation bonds to BBB from BBB-plus. The outlook is stable.

LJUBLJANA, May 8 (Reuters) - Slovenia should focus on privatisation and trimming its public sector spending, not only tax rises, in its efforts to avoid a bailout, ECB Governing Council member Marko Kranjec said on Wednesday.

LJUBLJANA, May 8 (Reuters) - Slovenia should focus on privatisation and trimming its public sector spending, not only tax rises, in its efforts to avoid a bailout, ECB Governing Council member Marko...

LJUBLJANA, May 8 (Reuters) - Slovenia should focus on privatisation and trimming its public sector spending, not only tax rises, in its efforts to avoid a bailout, ECB Governing Council member Marko Kranjec said on Wednesday.

LJUBLJANA, May 8 (Reuters) - Slovenia should focus on privatisation and trimming its public sector spending as well as tax hikes in its efforts to avoid a bailout, ECB governing council member Marko...

LJUBLJANA, May 8 (Reuters) - Slovenia should focus on privatisation and trimming its public sector spending as well as tax hikes in its efforts to avoid a bailout, ECB governing council member Marko Kranjec said on Wednesday.

SAO PAULO, May 7 (Reuters) - Brazil's government should pursue reforms aimed at making the country a more attractive place to do business, instead of simply cutting taxes or interest rates to improve returns, billionaire financier André Esteves said

SAO PAULO, May 7 (Reuters) - Brazil's government should pursue reforms aimed at making the country a more attractive place to do business, instead of simply cutting taxes or interest rates to improve returns, billionaire financier André Esteves said

Lesson From Buffett: Doubt Yourself (WSJ) Gold Bulls Split With Buffett as Traders Say Sell (BBG) Russia extends Cypriot loan by 2 years, cuts interest: troika document (Reuters) Tax Rewrite in Play in Capitol (WSJ) No early warning for U.S. on Isra

Brussels asks how Italy plans to finance about €10bn in proposed tax cuts and rise in social welfare spending without derailing fiscal commitments

Businesses added 119,000 jobs last month, below a forecast 155,000, as Americans digested government spending cuts and a payroll tax rise

Previously announced $100m job cuts and a tax charge of $235m lead to a 4 cents per share loss but chief forecasts improved performance in second half

Centre-right opposition on course for victory in parliamentary elections after pledging debt relief, tax cuts and an end to possible EU accession talks

REYKJAVIK, April 27 (Reuters) - Icelanders fed up with austerity are set to oust the ruling Social Democrats in elections on Saturday after being wooed with promises of tax cuts and debt relief from...

REYKJAVIK, April 27 (Reuters) - Icelanders fed up with austerity are set to oust the ruling Social Democrats in elections on Saturday after being wooed with promises of tax cuts and debt relief from...

REYKJAVIK, April 27 (Reuters) - Icelanders fed up with austerity are set to oust the ruling Social Democrats in elections on Saturday after being wooed with promises of tax cuts and debt relief from the centre right that presided over the nation's fi

Growth continues to be sluggish. It might get a lot worse as the tax increases and spending cuts from earlier in the year finally start to bite.

Madrid is expected on Friday to tilt policy more toward spurring growth after 16 months of Prime Minister Mariano Rajoy's focus on austerity measures such as tax increases and spending cuts.