Obama seeks authority for IMF voting reforms

Published : 12:00 am  March 7, 2013  |  Category: International  |  Leave a Comment  |  1,392 views  |  
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Reuters: The Obama administration has asked Congress for authority to implement historic voting reforms in the International Monetary Fund that boost the influence of emerging economies like China in the global financial institution, sources said on Tuesday.  Read More →


Cadbury used nonexistent factory in India to avoid taxes

Published : 12:00 am  March 7, 2013  |  Category: International  |  Leave a Comment  |  2,241 views  |  
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Reuters: Cadbury Plc, now part of Mondelez International, used a nonexistent factory in India to avoid about US$ 46 million in taxes, the Wall Street Journal reported on Tuesday, citing a report by the Indian tax authorities.  Read More →


After latest budget battle, Obama calls senators looking for common ground

Published : 12:00 am  March 6, 2013  |  Category: International  |  Leave a Comment  |  1,304 views  |  
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Reuters: President Barack Obama, unable to persuade Republicans to accept higher taxes, is attempting to cobble together what he calls a “common-sense caucus” among lawmakers to help resolve U.S. budget woes and push his legislative agenda.  Read More →


Maldives ex-President Nasheed arrested, to appear in Court today

Published : 12:00 am  March 6, 2013  |  Category: International  |  Leave a Comment  |  1,111 views  |  
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MALE,  (Reuters) : Police in the tropical Indian Ocean resort archipelago of the Maldives arrested former president Mohamed Nasheed on Tuesday, 10 days after he left the Indian High Commission where he had taken refuge to avoid detention.  Read More →


China puts focus on consumers; eyes 7.5% growth in 2013

Published : 12:00 am  March 6, 2013  |  Category: International  |  Leave a Comment  |  672 views  |  
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Reuters: China put its fast-growing consumer class at centre-stage as outgoing Premier Wen Jiabao set out a reform plan on Tuesday to spread the fruits of economic growth more evenly in the country of 1.3 billion.  Read More →


Asia factory growth cools on weak global demand

Published : 12:00 am  March 4, 2013  |  Category: International  |  Leave a Comment  |  3,695 views  |  
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Reuters: Growth in Asia’s manufacturing sector cooled in February as the pace of economic recovery slackened, according to factory surveys and trade data on Friday that pointed to continuing weakness in the strength of global demand.  Read More →


Obama formally orders ‘deeply destructive’ cuts, blames Congress

Published : 12:00 am  March 4, 2013  |  Category: International  |  Leave a Comment  |  1,325 views  |  
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Reuters: President Barack Obama formally ordered broad cuts in United States Government spending on Friday night after he and congressional Republicans failed to reach a deal to avert automatic reductions that could dampen economic growth and curb military readiness. As the US staggered into another fiscal crisis, the White House predicted that the spending cuts triggered by the inability of Obama and lawmakers to forge a broader deficit-reduction agreement would be ‘deeply destructive’ to the nation’s economic and national security.  Read More →


Pakistani journalists protest against killing of two correspondents

Published : 12:00 am  March 4, 2013  |  Category: International  |  Leave a Comment  |  785 views  |  
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ISLAMABAD (Xinhua): Journalists in Pakistan Saturday held protest meetings against the target killing of two senior reporters in three days, taking the death toll of journalists killed in Pakistan to five in two months, local media reported.  Read More →


Asian shares capped by China PMI slip, US budget worry

Published : 12:00 am  March 2, 2013  |  Category: International  |  Leave a Comment  |  1,288 views  |  
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Reuters: Asian shares were capped on Friday, with sentiment dented by lacklustre manufacturing data from China and worries over the economic fallout from Italy’s political confusion as well as possible US spending cuts. European markets are seen narrowly mixed, with financial spreadbetters predicting London’s FTSE 100, Paris’s CAC-40 and Frankfurt’s DAX would open between a 0.1% rise and a 0.2% fall. Italy’s main FTSE MIB .  Read More →


India’s Budget 2013 disappoints, confuses foreign investors

Published : 12:00 am  March 2, 2013  |  Category: International  |  Leave a Comment  |  1,675 views  |  
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Reuters: India’s budget disappointed foreign investors on Thursday by failing to deliver a much anticipated cut in withholding taxes for debt investments and creating confusion with a proposal that appeared to target tax treaties.  Read More →


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