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Spending cuts

IT Spending Cuts Spare the Internet of Things

Wall Street Journal (blog) - ‎22 hours ago‎
The shaky economy and uncertain global markets are taking a toll on corporate IT spending, resulting in slashed technology budgets and job cuts, as CIO Journal reported Monday. Across the board, IT spending had already dropped by 5.8% by the end of ...
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Saudi Arabia's construction sector hit by spending cuts

RT - ‎4 hours ago‎
Construction companies in Saudi Arabia are delaying paying staff as a result of the growing pressure on the country's economy hit by sliding oil prices, Reuters reported.
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North American oil producers face more pressure to cut spending

The Globe and Mail - ‎Feb 8, 2016‎
He expects many producers will announce additional spending cuts when they reveal their fourth-quarter earnings in the coming weeks.

Greece's Creditors Suggest Spending Cuts Instead of Tax, Contribution Hikes

Greek Reporter - ‎8 hours ago‎
Creditors suggest that Greece should proceed with government spending cuts instead of raising taxes and contributions in order to save security funds.
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David Cameron's own mother signs petition against spending cuts

Daily Mail - ‎Feb 9, 2016‎
David Cameron faced an embarrassing row today after it emerged both his mother and his aunt have signed a petition protesting against council cuts in his own back yard. Conservative-run Oxfordshire County Council plans to close dozens of children's ...

For Statoil, $7 Billion Spending Cut Leads Home to Norway

Bloomberg - ‎3 hours ago‎
Faced with oil prices near $30 a barrel and the effects of a decade of industry cost inflation, Statoil and its peers are pushing hard to cut spending and make operations more efficient. Those gains are more difficult to obtain across a variety of ...
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George Osborne may have to introduce spending cuts or raise taxes to hit surplus target, says IFS

Telegraph.co.uk - ‎Feb 8, 2016‎
He warned Mr Osborne's plans were radically different from those adopted by previous governments , who achieved surpluses only eight times in the past 60 years and that "this could come at a cost", requiring "big tax rises or spending cuts with very ...
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Spending cuts coming at Pemex, in budget

Mexico News Daily - ‎22 hours ago‎
Analysts polled by El Universal expect spending cuts to total between 90 billion and 130 billion pesos to counter a big loss in petroleum revenues.

Liberian Senate Desperate Moves to Dodge Spending Cuts

AllAfrica.com - ‎Feb 9, 2016‎
Monrovia - The Liberian Senate is said to be hell bent on doing anything possible to dodge its share of spending cuts initiated by the government, through the Ministry of Finance and Development Planning, to mend the crippled economy.
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ConocoPhillips Reports Severe Losses On Depressed Prices, Cuts Dividends And Capital Spending

Forbes - ‎Feb 9, 2016‎
In line with the market expectations, ConocoPhillips, the world's largest independent exploration and production company by proved reserves and annual production, reported disappointing 2015 financial results, primarily due to plummeting commodity prices.
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Tullow cuts spending guidance by 18 percent

UPI.com - ‎8 hours ago‎
Spending last year amounted to $1.7 billion. In terms of production, the company said its West African basins averaged 66,600 barrels of oil per day last year and should move as high as 80,000 bpd this year.

Opinion: Alberta should cut spending, not impose sales tax

Edmonton Journal - ‎Feb 7, 2016‎
But this neglects the history of successful fiscal consolidations in Canada, which have focused largely on reducing spending. Consider Alberta's own fiscal consolidation of the 1990s, when the province cut spending significantly under Premier Ralph ...

Gallant promises 50-50 split between spending cuts, tax hikes

CBC.ca - ‎Jan 29, 2016‎
If, as Gallant says, the split is 50-50, that means the civil service and government spending could be facing cuts totaling roughly the same amount.

Former Mayor of Darlington Charles Johnson responds to "appalling" spending cuts

The Northern Echo (registration) - ‎8 hours ago‎
It says the “council chiefs” [not sure who they are] are working on cuts of £12.5 million over the next four years and it goes on to say “to balance the books they propose to spend £14.8 million of savings”.
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Statoil cuts spending, to offer share option on dividends

The Globe and Mail - ‎Feb 4, 2016‎
Norway's Statoil pledged on Thursday to keep cutting capital spending as oil prices fall after reporting better than expected fourth-quarter results, and said it would give shareholders the option to take their dividends in shares instead of cash ...
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Suncor plans to cut spending by 10% this year after surprise loss

Calgary Herald - ‎Feb 4, 2016‎
Suncor Energy Inc. will cut spending by about 10 per cent this year after the oilsands producer posted a surprise loss for the fourth quarter amid writedowns on the value of Canadian, Libyan and offshore assets.

Uncertainty over spending cuts looms on eve of New Brunswick budget

Globalnews.ca - ‎Feb 1, 2016‎
WATCH ABOVE: What could be the most important budget in New Brunswick history is set to be announced. As Global's Jeremy Keefe reports, many are weighing in on what eliminating a $450-million deficit could mean for taxpayers.
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MEG cuts 2016 capital spending plan in half to deal with plunging bitumen prices

Calgary Herald - ‎Feb 4, 2016‎
Oilsands producer MEG Energy Corp. is chopping its 2016 capital budget in half, electing to stall previously stellar growth by capping spending this year at $170 million, down from the $328-million budget announced just two months ago. On a conference ...
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Venezuela State Oil Company Cut Spending After Slump in Prices

Bloomberg - ‎Feb 9, 2016‎
Petroleos de Venezuela SA cut 2015 capital spending as the state oil company grappled with crude prices that last month extended a decline to the lowest in almost 13 years.

DataGravity Cuts Jobs In Effort to Reduce Spending

Fortune - ‎Feb 8, 2016‎
DataGravity chief executive Paula Long would not disclose headcount before or after cuts, but acknowledged to Fortune that the company made some across-the-board cuts to reduce spending. DataGravity headcount reportedly stood at around 80 people in ...
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