Japan to cut corporate tax rate below 30 percent within a few years: source

(Reuters) - Japan plans to lower the corporate tax rate below 30 percent within a few years starting from the next fiscal year, a source told Reuters on Thursday, as part of premier Shinzo Abe's package of steps to boost Japan's growth potential.

Argentina to ease foreign exchange controls after peso slump

Argentina is to relax its strict foreign exchange controls, a day after the peso suffered its steepest daily decline in 12 years.

Christine Lagarde warns UK growth 'not good'

The head of the International Monetary Fund (IMF), Christine Lagarde, has expressed renewed concern over the health of the UK economy.

Depressed banking sector raises spectre of triple-dip recession

British banks suffered a loss of business in December, adding to fears that a slowdown in activity across several sectors of the economy at the end of 2012 will push the UK into a triple-dip recession.

Mervyn King gives green light for George Osborne to miss UK debt target

Sir Mervyn King has cleared the way for the Chancellor to ditch one of his cast-iron fiscal rules and miss his target to get the national debt under control by 2016.

UK's deputy finance minister plays down importance of top credit rating

LONDON: Britain's Liberal Democrat deputy finance minister played down the importance of the country's top credit rating, preserving which has been at the heart of the country's austerity-focused economic policy.