Italy has cut its public spending by about €30 billion per year as a result of a controversial review of its expenditure, senior government officials said in an attempt to defend their record on fiscal discipline.
Italy to cut spending by €62.5b over two years
Bank of England (BOE) governor Mark Carney defended an earlier decision by the bank not to raise interest rate from the record low of 0.25 percent.
BoE governor defends decision not to raise interest rate
The managing director of Yerevan thermal power plant underlined Armenia's interest in increasing electricity export to Iran and called for importing more natural gas from Iran.
Armenia seeks more natural gas import from Iran
Pakistani minister of commerce said that his country is getting ready to sign a free trade agreement (FTA) with Iran.
Pakistan in talks with Iran on FTA: Minister
Iran's Minister of Economic Affairs and Finance Ali Tayyebnia met the President of South Korea Export–Import Bank (Kexim) Choi Jong-ku in Seoul to discuss the financing of Iranian construction and infrastructure projects in the energy, petrochemical, oil and health sectors.
South Korea Kemix to help develop Iran projects
Iran will construct 6,500 kilometers of railroads in five years, announced the head of International Transportation Office at Iranian Railways.
Iran to construct 6,500km of railroads by 2022
India's state-run Gujarat State Fertilizers and Chemicals (GSFC) announced on Tuesday that it was exploring the possibility of setting up an ammonia-urea plant in Iran.
GSFC keen to set up ammonia urea plant in Iran
Central banks have long used inflation expectations to set policy, including interest rates, but some analysts wonder if Asia's policy makers should have bigger fish to fry.
Why Asia’s central banks should worry less about inflation and more about debt
Britain’s economy is in for a period of 'tepid' growth as households hold back spending in the face of higher inflation, the Confederation of British Industry (CBI) believes.
CBI upgrades growth forecasts but warns government on economy
China’s economic growth is expected to fall below the government’s six percent target in 2018 and 2019, according to Fitch, reflecting the increasing challenge of supporting growth given a higher level of indebtedness.
Fitch sees China growth below government target

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