UK Treasury chief to present recession budget with narrowing room for maneuver

LONDON — British Treasury chief Alistair Darling will present the government’s budget on Wednesday, with his options constricted after pumping billions into stabilizing a foundering economy.

India central bank cuts interest rates, growth forecast as global crisis takes bigger toll

MUMBAI, India — India’s central bank cut key interest rates Tuesday and downgraded its growth forecast as the global financial crisis takes a bigger-than-expected toll on Asia’s third-largest economy.

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