Portugal Plans Budget Savings Worth $1.9 Billion for 2015

Portugal plans to implement budget measures worth 1.4 billion euros ($1.94 billion) to narrow its budget deficit and meet a target set for 2015.

The biggest US economy killer: US government

The government shutdown and debt ceiling crisis inflicted a toll on the American economy, but that cost is only a fraction of the total damage that the federal government has been causing to the American economy.

What the world economy can learn from Japan

By many measures, Japan's economic fortunes have turned up. The Tokyo stock market has surged about 65 per cent since last fall. In the second quarter, the economy expanded by 3.8 per cent, which is faster than other developed economies.

Egypt Rating Cut by Fitch on Concern Turmoil to Curb Growth

Egypt’s credit rating was cut by Fitch Ratings on concern that the ouster of President Mohamed Mursi will damp economic growth and fan political instability.

Egypt steeped in economic woes as IMF talks due

CAIRO: A rising budget deficit, falling foreign exchange reserves and a sliding currency are adding to the woes of Egypt's fragile government even as it battles a raft of political and social problems.

Portuguese Austerity in Doubt as President Moves Against Budget

LISBON—A political rift was opened in Portugal on Wednesday after the country's president sent the 2013 budget to its highest court for review, an unusual move that highlights deepening opposition to a two-year austerity drive.

Greece votes on 2013 budget to unlock aid

ATHENS: Greece is expected to approve a 2013 budget on Sunday that includes unpopular spending cuts and tax hikes so it can receive an international aid payment and avoid insolvency.

Japan and UK economies have 'eerie parallels'

If Japan - where experts fear a debt and deficit disaster - is Britain’s future, there is much to fear.

Japan's tax hike plan clears final hurdle, focus on polls

(Reuters) - Japan's contentious plan to double the sales tax cleared the final hurdle in a parliamentary vote on Friday after Prime Minister Yoshihiko Noda promised to bring forward an election likely to end his party's three-year rule.

Spain Record Home Price Drop Seen With Bank Pressure

Spanish home prices are poised to fall the most on record this year, leaving one in four homeowners owing more than their properties are worth, as the government forces banks to sell real-estate holdings.