Pain comes with tax sweetener - News.com.au
CONCERNS over rising inflation and the need to protect the economy from global financial woes will ensure tiny joy for most Australians in Tuesday night’s Budget. While the tough message from Treasurer Wayne Swan will be sweetened with Labor’s pre
BCC warns of tough 2009 as economic growth falls - Guardian Unlimited
Businesses should brace themselves for a ‘long slog’ before the credit crunch is over, with the economy set to be even weaker in 2009, the British Chambers of Commerce warns today. When it published its last economic forecast three months ago, the
Banker: Reducing trade surplus key to growth - Xinhua News Bureau
BEIJING, May 11 — China needs to cut its high savings rate to boost consumption and reduce the trade surplus, People’s Bank of China Governor Zhou Xiaochuan stated Saturday. “The government has pledged to boost consumption and cut the surpluses in
Citigroup to shed nearly $500 billion in assets - Los Angeles Times
NEW YORK — Citigroup Inc.’s new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review — but only after shrinking the company by about one-fifth first. The three-year game plan, revealed Friday
PBOC: Slicing inflation to remain top goal - Xinhua News Bureau
¡¤Inflation will remain the top policy concern, China’s central bank governor stated on Saturday. ¡¤Top banker: China’s monetary policy must target inflation over growth and employment. ¡¤China needs to reduce savings ratio as fundamental way to
For thousands of debt-ridden Indian farmers, crushed by global change - International Herald Tribune
KOCHI, India : On the last night of his life, the farmer walked into his dusty fields, choked down pesticide and waited to die. He owed more than 41,000 rupees (US$1,000;€652) to banks and moneylenders and he’d told his wife that if the cotton
HSBC’s US arm racks up $4bn more in bad debt - Times On the web
HSBC is poised to reveal a further $3.5-4 billion (£1.8-2 billion) in bad-debt charges from its American business, as homeowners there continue to fall behind with mortgage payments. First-quarter results from the bank’s American business are
Banking on other lenders - Riverside Press Enterprise
Scott Metzger wanted to begin a restaurant-microbrewery in San Antonio. His credit was good. His business plan was sound. He should have had an simple time getting financing. He didn’t. After spending a year developing relationships with three massive
Prolific dealmaker Silver joins Merrill Lynch - The Independent
One of the City’s most prolific dealmakers, Caroline Silver, has quit her role as vice chair of investment banking at Morgan Stanley to join rival American home, Merrill Lynch. The move, which has stunned Morgan and will surprise the City, sees the
Can Dmitry Medvedev clean up the wild East? - Daily Telegraph
Russian banking is a pretty rum affair. The men seem to enjoy hatching murder plots against each other, while the women enjoy stripping for the camera. In a macho culture like Russia’s, where feminism is an unpopular concept for both sexes, perhaps
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