Browsing Category News
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US jobless claims, price data back low rates policy
Fears that growth could be slowing were heightened by a report showing factory activity in the country’s Mid-Atlantic region braked to its slowest pace in 10 months in June. The ... -
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Japan PM eyes 10% sales tax in party policy shift
Kan, who has made fiscal reform a top priority since taking office, also said he would map out the size of a future sales tax hike by the end of the fiscal year to March 31, 2011. ... -
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Japan ruling party vows to tackle debt, sales tax
Japan’s ruling Democratic Party has vowed to fix the country’s tattered finances and pledged to seek a decision on tax reform quickly, paving the way for a likely hike in a pol... -
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EU leaders sanction Iranian oil and gas sector
The measures go substantially beyond the sanctions the UN agreed on June 10 and are designed to pressure Tehran to return to talks over an uranium enrichment programme Western powe... -
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Bank of England pushes for more ABS transparency
Britain’s central bank proposed these changes in March 2010 and aims to begin a phased introduction of the new criteria in 2011. There will be no grandfathering. “The feedback ... -
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Lehman Europe creditors could get speedier payouts
Thousands of creditors of bankrupt US investment bank Lehman Brothers owed about $22bn will be offered earlier cash payments if they are willing to accept lower valuations on their... -
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Scrapping, tough economy hit May Europe car sales
New passenger car sales fell 9.3 percent in May in the EU as the effects of government support for the car industry slipped away and the economic environment remained difficult, in... -
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Resolution plans cash call to fund AXA deal
Acquisitions vehicle Resolution said it would fund its planned takeover of French insurer AXA’s British life operations by raising £2bn ($2.91bn) in a rights issue. The acquisit... -
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Spain says has not, will not make EU aid request
Spain’s economy ministry has said it had not made a request for economic aid from the EU, after a newspaper report that the EU was preparing to activate a package in case Madrid ... -
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South Korean FX controls loom
South Korea’s government, alarmed by the wild swings of the won in turbulent markets, is close to slapping new controls on currency trading, though a news report that banks will ...
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