South Korea announces $15 billion in additional budget

SEOUL, April 16 (UPI) -- The South Korean Cabinet Tuesday endorsed $15.4 billion in additional budget outlays for this year to spur the economy.

Pakistan's energy sector remains mired in crisis

ISLAMABAD, April 12 (UPI) -- Pakistan's government remains mired over cash shortfalls to resolve the country's energy crisis.

India current account deficit widens

NEW DELHI, March 29 (UPI) -- India's current account deficit hit a record 6.7 percent of GDP in the quarter ended in December on higher imports and slower exports, the central bank said.

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U.S. markets pull back in early trading ... Blue-chip firms master the tax game ... Japan Cabinet approves stopgap budget ... BRICS nations to have development bank ... News from United Press International.

Japan Cabinet approves stopgap budget

TOKYO, March 27 (UPI) -- The Japanese Cabinet Wednesday approved a 13.2 trillion yen provisional budget to cover spending for 50 days beginning April 1.

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Cyprus reports progress on bailout

NICOSIA, Cyprus, March 23 (UPI) -- Cypriot officials said Saturday the country has made "significant progress" on an agreement to resolve its financial crisis with an international bailout.

Japan records 8th month of trade deficit

TOKYO, March 21 (UPI) -- Japan recorded a trade deficit of 777.5 billion yen ($8.1 billion) in February as exports fell and imports zoomed year-on-year, the government said Thursday.

Report: N. Korea may face more sanctions

SEOUL, March 20 (UPI) -- North Korea is likely to face additional financial sanctions besides those imposed by the U.N. Security Council, sources told South Korea's Yonhap News.

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Moody's downgrades Britain from AAA to Aa1 ... NHTSA limping along, some say ... AOA says rules impede Chinese tourism ... Turkey drops road privatization plan ... News from United Press International.

Turkey drops road privatization plan

ISTANBUL, Turkey, Feb. 23 (UPI) -- Turkey's Finance Ministry says it has dropped plans to privatize toll roads after Prime Minister Recep Tayyip Erdogan said a bid of $5.7 billion was too low.

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Markets flat to falling Wednesday ... China banker: Dollar No. 1 reserve currency ... Apple says it was hacked ... Japan Jan. trade deficit jumps to $17.3B ... News from United Press International.

Japan Jan. trade deficit jumps to $17.3B

TOKYO, Feb. 20 (UPI) -- Recession-hit Japan Wednesday reported a record January trade deficit of 1.63 trillion yen ($17.3 billion) as imports jumped.

Huge money inflows worry Thai brokers

BANGKOK, Feb. 15 (UPI) -- Thailand's leading stock brokers say they are concerned that huge massive money inflows could create a bubble in the stock and real estate markets.

India growth forecast discouraging

NEW DELHI, Feb. 7 (UPI) -- India's economic growth in the current fiscal year ending March 31 is expected to hit a decade low of 5 percent, the government said.

Japan remained under deflation in 2012

TOKYO, Jan. 24 (UPI) -- Japan got no relief from chronic deflation in 2012 as consumer prices fell a further 0.1 percent during the year from 2011, the government said Friday.

Japan trade deficit in 2012 hits record

TOKYO, Jan. 23 (UPI) -- Japan, hurt by falling exports and tensions with trading partner China, said Thursday its 2012 trade deficit hit a record 6.93 trillion yen, or $78 billion.

Germany prepares for austerity

BERLIN, Dec. 25 (UPI) -- Recommendations by the German Finance Ministry point to a drastic increase in taxes and a cut in social services, an analysis says.
China's June fiscal revenues up 20 percent

China's June fiscal revenues up 20 percent

BEIJING, July 13 (UPI) -- China's fiscal revenues in June jumped 19.6 percent to $100.5 billion from the same month of last year, the Finance Ministry said.

China's central bank strapped, sources say

BEIJING, Sept. 5 (UPI) -- The People's Bank of China is seeking to raise capital to shore up the $3.2 billion it has on hand, sources close to the central bank said.

Indian ministry seeks oil, gas tax breaks

NEW DELHI, June 23 (UPI) -- India's Petroleum and Natural Gas Ministry has sought Premier Manmohan Singh's intervention on a tax break on oil and gas production.

Indian ministry rejects oil bonds plan

NEW DELHI, May 14 (UPI) -- India's Finance Ministry has rejected a plan to issue oil bonds to help state-run oil marketing companies reeling from massive losses.

Russian deputy finance minister arrested

MOSCOW, Nov. 17 (UPI) -- Russia's deputy finance minister has been arrested in Moscow for allegedly planning to embezzle government money.

Bolsheviks invade Russian finance ministry

MOSCOW, Sept. 26 (UPI) -- Young members of the National Bolshevik Party were arrested in Moscow Monday during a protest at Russia's Finance Ministry.

Official gets life term in bribery case

BEIJING, Sept. 15 (UPI) -- A senior Finance Ministry official in China has been sentenced to life in prison for allegedly accepting bribes totaling about $267,500.
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