Renzi's Italian budget is not so tax-cutting after all

(Reuters) - Two days after Matteo Renzi presented Italy's 2015 budget it is emerging that the prime minister's claims of unprecedented tax cuts to revive a stagnant economy are not exactly as he described.

S.Africa aims to lift savings, cut budget strain

JOHANNESBURG (Reuters) - South Africa is looking to strengthen its social security system by encouraging a higher savings rate among its highly indebted households, which should help economic growth and reduce the burden on state finances, the Treasury said on Monday.

Greece edges towards passing final debt swap hurdle needed for €130bn bailout

Greece has been edging towards a deal with its private-sector creditors as the hours ticked away towards Thursday's deadline for the agreement required to trigger a fresh €130bn bailout for its troubled economy.