Warren Buffett sees 'brutal' damage for savers from central bank money printing

Veteran investor Warren Buffett has warned that savers and bondholders are suffering a "brutal" erosion of their money as the US Federal Reserve and other central banks force yields to historic lows.

IMF outlines spending cuts plan for Portugal -daily

LISBON: The IMF has identified 4 billion euros of possible spending cuts in Portugal, focused on large-scale layoffs of public sector workers and reductions in pensions, business daily Jornal de Negocios said on Wednesday.