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Spain rules out Irish-style bailout
Dec 26, 2012 09:04 EST
Spain on Wednesday ruled out any Irish-style bailout for the recession-hit, jobs-starved economy, but said it was still undecided about seeking intervention by the European Central Bank to bring down its debt financing costs.
Italian lawmakers approve budget plans
Nov 22, 2012 14:26 EST
Italy's lower house of parliament approved on Thursday budget measures including a sales tax increase and cuts to the health sector that were aimed at pulling the country out of deep debt.
Japan PM survives confidence vote
Aug 09, 2012 08:40 EDT
Japan's prime minister survived a no-confidence motion on Thursday after reaching an 11th hour deal with a major opposition party over his much-cherished sales tax bill.
Japan PM poised to survive confidence vote
Aug 09, 2012 07:06 EDT
Japan's prime minister looked set to survive a no-confidence motion on Thursday after reaching an 11th hour deal with a major opposition party over his much-cherished sales tax bill.
Japan PM in 11th-hour bid to save tax hike plan
Aug 08, 2012 12:27 EDT
Japanese Prime Minister Yoshihiko Noda scrambled Wednesday to save his prized consumption tax bill after the main opposition threatened to withdraw support unless a general election is called.
Japan PM in touching distance of sales tax hike
Aug 07, 2012 13:19 EDT
Japan's prime minister looked set Tuesday to achieve his long-cherished goal of hiking consumption tax, with senior opposition figures agreeing to a final vote on the divisive issue.
Ozawa launches new Japan political party
Jul 11, 2012 12:57 EDT
Japanese political kingmaker Ichiro Ozawa on Wednesday launched a new party along with some 50 ruling party defectors, vowing to fight a plan to double the nation's sales tax.
Japan ministers' heads roll in PM's tax bill bid
Jun 04, 2012 01:18 EDT
Japan's Prime Minister Yoshihiko Noda will reshuffle his cabinet later Monday, bowing to opposition pressure for ministerial scalps as he looks to secure support for a tax hike.
Japan PM to reshuffle cabinet on Monday
Jun 03, 2012 01:46 EDT
Japan's Prime Minister Yoshihiko Noda said he will reshuffle his cabinet on Monday in an attempt to secure opposition support for passing legislation to increase a tax on sales.
Minnesota Vikings reach tentative Minnesota stadium deal
Mar 01, 2012 12:22 EST
MINNEAPOLIS (Reuters) - The Minnesota Vikings have reached a tentative $975 million deal with state and local officials to build a new public stadium for the National Football League team near the current Metrodome in Minneapolis, officials said on Thursday.
Singapore aspires to be gold trading hub
Feb 17, 2012 13:53 EST
Singapore will exempt investment-grade gold and other precious metals from the goods and services tax in a move to turn the city-state into a gold trading hub, the finance minister said Friday.
Japan cabinet approves tax hike plan
Feb 17, 2012 02:18 EST
Japan's cabinet on Friday approved a plan to double sales taxes as part of the government's move to rein in public debt as the rapidly ageing nation faces rising social welfare costs.
UK inflation drops to 3.6%
Feb 14, 2012 05:17 EST
Britain's 12-month inflation rate slid sharply in January to a 14-month low, official data showed on Tuesday, as the previous year's sales tax hike fell out of the year-on-year comparison.
Japan's big GDP drop a worry for PM tax plan
Feb 13, 2012 02:10 EST
TOKYO (Reuters) - Japan's economy shrank much more-than-expected in the fourth quarter, as Thai floods, a strong yen and weak demand hurt exports, casting doubt on hopes for a quick pick up in activity that could bolster government plans to raise the sales tax.
Japan population seen falling 30 pct by 2060, adds to debt woes
Jan 30, 2012 05:31 EST
TOKYO (Reuters) - Japan's population is expected to decline by 30 percent to below 90 million people by 2060, with two out of every five people aged 65 or older, a government agency said, underlining the financial burden on one of the world's fastest-ageing societies.
Sarkozy to unveil reforms in election speech
Jan 29, 2012 07:54 EST
President Nicolas Sarkozy takes to the airwaves on Sunday to unveil reforms aimed at lifting France out of the economic doldrums and boosting his credibility ahead of elections he is tipped to lose to a Socialist.
Sarkozy to announce tax rises Sunday: government source
Jan 28, 2012 13:58 EST
French President Nicolas Sarkozy will announce tax rises Sunday, including a hike of 1.6 percentage points in value-added sales tax on goods and services, government sources said.
Fitch warns Washington state over budget gap
Jan 27, 2012 19:31 EST
SAN FRANCISCO (Reuters) - On the heels of a warning on Friday by Fitch Ratings that it could lower its rating on Washington state's general obligation bonds, a top lawmaker said talks on balancing the state budget would gain momentum after a key forecast next month.
Japan struggles to conquer its debt mountain
Jan 25, 2012 06:20 EST
Global markets may be fixated on Europe's debt crisis, but half a world away Japan has been dealing with an even bigger borrowing problem -- one that threatens to burden its people for generations.
Japan PM struggles to conquer country's debt mountain
Jan 24, 2012 23:57 EST
Global markets may be fixated on Europe's debt crisis, but half a world away Japan has been dealing with an even bigger borrowing problem -- one that threatens to burden its people for generations.
