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Posts tagged "fiscal" (Page 2)

Asia shares up despite Fed uncertainty, fiscal fears

TOKYO: Asian shares edged up to a 16-month high on Tuesday and the euro firmed, but prices were capped as investors waited for the US Federal Reserve's policy decision this week and any progress in US budget talks.European shares were likely to crawl higher too, with financial spreadbetters predicting London's FTSE 100, Paris's CAC-40 and…

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December 11, 2012

 

'Fiscal Cliff' worries may drive tax selling

NEW YORK: Investors typically sell stocks to cut their losses at year end. But worries about the “fiscal cliff” – and the possibility of higher taxes in 2013 – may act as the greatest incentive to sell both winners and losers by December 31.The $600 billion of automatic tax increases and spending cuts scheduled for…

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December 8, 2012

 

Asia shares edge off highs made on Obama's fiscal deal hopes

TOKYO: Asian shares paused after hitting 16-month highs earlier on Thursday thanks to buying from investors reassured by US President Barack Obama saying a deal to avert the so-called fiscal cliff was possible in “about a week” if Republicans compromise on taxes.Markets have held out hopes of an agreement on ways to cut the fiscal…

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December 6, 2012

 

European shares dip on fiscal cliff wariness

LONDON: European stocks dipped on Friday, relinquishing some of the previous session's sharp gains, as mixed signals about U.S. budget talks injected a note of caution into markets.The FTSEurofirst 300 was down 0.2 percent at 1,119.74 by 0808 GMT, having jumped 1.1 percent on Thursday to hit its highest closing level since July 2011 on…

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November 30, 2012

 

Brent drops toward $110 on U.S. fiscal worries

SINGAPORE: Brent crude slipped towards $110 per barrel on Friday as critical U.S. budget talks to avert a looming fiscal disaster appeared to have stalled, denting the outlook for oil demand from the world's biggest consumer.U.S. fiscal worries have cut into oil's gains this month that were spurred by tensions in the Middle East. Brent…

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November 30, 2012

 

Obama takes 'fiscal cliff' battle to Twitter

WASHINGTON: President Barack Obama has opened a new front in the battle between Democrats and Republicans over the best way to avoid the year-end “fiscal cliff” – Twitter.The web-savvy Obama administration launched a social media campaign that asks Twitter users to add the “#my2k” hashtag to messages with examples of what $2,000 means to them.The…

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November 29, 2012

 

With US “fiscal cliff” deadline nearing, parties still at odds

WASHINGTON: Republicans in the US Congress have called on President Barack Obama to detail long-term spending cuts to help solve the country's fiscal crisis, while holding firm against the income tax rate increases for the wealthy that Democrats seek.In a further sign of tense relations between negotiators who are trying to avert a year-end “fiscal…

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November 27, 2012

 

Asian shares steady, refocusing on U.S. fiscal cliff

TOKYO: Asian shares steadied on Wednesday, after a two days of gains, as investors refocused on the risk of a U.S. fiscal crisis following Federal Reserve Chairman Ben Bernanke's remarks that the budget impasse was already damaging growth.U.S. stocks halted a two-day rally on Tuesday, while European shares edged higher on expectations euro zone finance…

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November 21, 2012

 

Global shares rally on US fiscal hopes

LONDON: World shares rose and German government bond prices fell on Monday as investors were encouraged by an improving outlook for talks to resolve an imminent fiscal crunch in the United States.US lawmakers expressed confidence on Sunday that they could reach a deal to avert the $600 billion “fiscal cliff”, which threatened to send the…

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November 19, 2012

 

Battle lines drawn over “growth revenue” in US fiscal cliff talks

WASHINGTON: The holy grail of conservative tax policy – the theory that lower tax rates will generate stronger revenues by turbo-charging economic growth – has sprung back to life and is stirring controversy again in Washington.The so-called “dynamic scoring” theory, disputed by many independent economists, has formed the basis of Republicans' defensive line on negotiations…

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November 15, 2012

 

Asian stocks lack impetus as fiscal cliff clouds outlook

SINGAPORE: Asian stocks edged up on Wednesday but global equities lacked the impetus for a decisive rebound, with European shares set to fall as investors continue to fret over the United States' looming “fiscal cliff” and the euro zone's intractable crisis.The euro steadied, having spent much of November in retreat, while worries about the U.S….

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November 14, 2012

 

Rivals dig in as “fiscal cliff” drama debuts

WASHINGTON: Both sides in the US “fiscal cliff” debate stood their ground on Tuesday as they gathered in Washington for the first time since the elections, with a fundamental tax dispute preventing a broader compromise on deficit reduction.The White House made clear it was ready to negotiate with Republicans on taxes and spending, but a…

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November 14, 2012

 

Republicans say deal can be done on U.S. 'fiscal cliff'

WASHINGTON: A senior Republican senator voiced confidence on Sunday that U.S. lawmakers would forge a deal on the year-end “fiscal cliff,” while a top aide to President Barack Obama signaled a willingness to compromise over raising tax rates on the rich.Republican Senator Bob Corker said increasing tax revenues from wealthier Americans would have to be…

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November 11, 2012

 

Obama insists on tax hike for rich as part of fiscal deal

WASHINGTON: President Barack Obama said on Friday he was prepared to compromise with Republicans to avert a looming U.S. fiscal calamity, but insisted a tax increase for the rich must be part of any bargain.Obama, who was re-elected on Tuesday, reminded Republicans that his approach to avoiding steep tax hikes and spending cuts due in…

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November 10, 2012

 

Wall Street to Washington: Time to compromise on fiscal cliff

NEW YORK: Investors are looking for a compromise to keep the U.S. economy from sailing over the fiscal cliff. It's just not clear that the politicians in Washington are ready to deliver one.With $600 billion in tax increases and automatic spending cuts due to take effect in January, investors say they would welcome an agreement…

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November 10, 2012

 

Asian shares tumble as U.S. fiscal cliff looms

TOKYO: Asian shares extended losses on Thursday as investors worried about the fiscal crisis in the United States and the European economy's further deterioration, underpinning the safe-haven dollar and yen as well as U.S. Treasuries on safety bids.MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.9 percent, retreating from a near eight-month high on…

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November 8, 2012

 

Dollar falls after Obama wins, fiscal cliff looms

TOKYO: The dollar fell broadly in Asia on Wednesday in reaction to U.S. President Barack Obama's election victory, as his re-election was seen ensuring that the Federal Reserve's quantitative easing will be in place.The Democrats look set to retain a majority in the Senate while the Republicans also appear to be solidifying their control of…

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November 7, 2012

 

Indian rupee at 5-month high on risk sentiment, fiscal hopes

MUMBAI: The rupee rose to a five-month high on Friday, helping it gain the most in 13 quarters, as global risk sentiment improved, and the government stuck to its original borrowing plan, showing further signs of fiscal discipline.The government said after trading hours on Thursday it will stick to its scheduled 2 trillion rupees borrowing…

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September 28, 2012

 

PM sent budget summary for fiscal 2012-13

Staff ReportISLAMABAD: Finance Ministry Monday sent final summary of budget for fiscal year 2012-13 to the Prime Minister Yusuf Raza Gilani. The proposed date for presentation of budget is 1st June according to the summary, reports SAMAA.The ministry also proposed cutting down income tax from 16 percent to 10 percent.According to ministry officials, Finance Minister…

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May 7, 2012

 

UK isolated as Europe moves ahead on fiscal union

BRUSSELS: Europe divided on Friday in a historic rift over building a closer fiscal union to preserve the euro, with a large majority of countries led by Germany and France agreeing to forge ahead with a separate treaty, leaving Britain isolated.Twenty-three of the 27 leaders agreed to pursue tighter integration with stricter budget rules for…

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December 9, 2011

 

UK should delay fiscal cuts if growth weakens more – IMF

LONDON: Britain should delay its fiscal consolidation if growth weakens further, the International Monetary Fund said on Tuesday, after cutting its growth forecast for the economy sharply.The Conservative-led coalition government has made a tough austerity plan to erase the country's large budget deficit over the next five years the cornerstone of its political programme.But pressure…

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September 20, 2011

 
 
 
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