U.S. economy stumbles in first quarter as weather, low energy prices weigh

Last Updated: Thursday, April 30, 2015, 02:18

U.S. economic growth nearly stalled in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices slashed spending.

South Korea`s economy perks up in first quarter

Last Updated: Thursday, April 23, 2015, 06:24

South Korea`s economy picked up momentum in the first quarter due to increased construction and consumer spending, the central bank said Thursday.

Greece unveils modest cuts in government spending

Last Updated: Thursday, April 16, 2015, 23:33

Facing tough negotiations with the European Union over a crucial debt financing deal, Greece`s hard-left government revealed Thursday it will seek millions in savings through spending cuts to ministerial budgets.

Wipro ready to grab bigger share of $8 trn IT spend: Senapaty

Last Updated: Tuesday, March 31, 2015, 22:52

As he retired from India's third largest IT services firm today, Wipro CFO Suresh Senapaty said the company is ready to grab a larger share of USD 8 trillion global IT spending that will rise further.

Capital spending in India to take 12 more months to recover: S&P

Last Updated: Sunday, March 29, 2015, 16:38

"We expect capital spending in India will continue to fall in fiscal 2016 despite its economy being one of the few bright spots in Asia-Pacific," it said.

Qatar $200-bln spending spree on track despite oil price drop

Last Updated: Sunday, March 15, 2015, 22:07

Qatar will stick to its USD 200-billion (190 billion-euro) infrastructure spending splurge, the energy-rich Gulf state`s premier vowed on Sunday, despite the fall in global oil prices.

ExxonMobil cuts capital spending on falling oil prices

Last Updated: Wednesday, March 4, 2015, 21:22

US oil giant ExxonMobil said Wednesday it would reduce investment spending by nearly 12 percent this year in response to lower crude-oil prices.

April-Jan fiscal deficit overshoots full-year target: Govt

Last Updated: Monday, March 2, 2015, 18:32

India`s January fiscal deficit overshot the full-year target as the gap swelled to 5.68 trillion rupees ($91.70 billion), or 107 percent of the target for the 2014/15 fiscal year ending in March, government data showed on Monday.

Singapore raises taxes on rich to fund rising social spending

Last Updated: Monday, February 23, 2015, 18:25

Singapore on Monday announced income tax rises for the top five percent of the population to fund rising social spending targeted at the poor and elderly in the rapidly ageing city-state.

India's consumer spending likely to improve: Report

Last Updated: Thursday, February 19, 2015, 18:47

With reinforcing sentiment on job security and income recovering, consumer spending in India is likely to improve in coming few months, a study said.

CSR spend may grow over 4 times to $2.5 bn: Study

Last Updated: Sunday, February 15, 2015, 10:54

The CSR norms came into effect from April 1 last year through the Companies Act, 2013, which is being implemented by the Corporate Affairs Ministry.

Govt auditor needs to adopt latest professional practices: CAG

Last Updated: Tuesday, February 10, 2015, 21:34

The government auditor needs to adopt latest professional practices while scrutinising public spending, Comptroller and Auditor General (CAG) Shashi Kant Sharma has said.