International News:Treasury Secretary Timothy Geithner (GYT'-nur) says the U.S. government "will never" lose its sterling credit rating despite big budget deficits and a newly increased debt limit that now tops $14 trillion. Geithner says in an interview broadcast Sunday that in times of economic crisis, international investors...
Tuesday, February 9, 2010
Friday, February 5, 2010
o The International Monetary Fund said that India can gradually start raising interest rates as Asia’s third-largest economy
International News:The International Monetary Fund said that India can gradually start raising interest rates as Asia’s third-largest economy is among the first to recover after the global financial crisis. Stocks buckled Thursday under the growing belief that the global economy is weaker than many investors expected and likely...
Thursday, February 4, 2010
Toyota Motor Corp.
International News:Toyota Motor Corp. may recall its new Prius hybrid model in Japan after the government ordered the company to investigate brake-related complaints on the car. The yen and dollar strengthened against higher-yielding currencies on speculation the Asia- Pacific region’s economic recovery will slow and European nations...
Asian stocks advanced
International News:Asian stocks advanced, lifting the MSCI Asia Pacific Index for a second day, after U.S. pending home sales increased and commodity prices gained. The National Association of Realtors' pending home sales index rose 1%, in line with expectations. The index fell 16.4% in the previous month. Testifying at a Senate...
Tuesday, February 2, 2010
Shanghai Composite Index sank 1.1 percent
Domestic News:China’s Shanghai Composite Index sank 1.1 percent as the Purchasing Managers’ Index, a gauge of the country’s manufacturing industry, fell more than economists forecast in December. Citigroup Inc. plans to sell or split off its $10 billion Citi Private Equity unit, expanding the list of money-management businesses...
Obama administration wants to increase taxes
International News:The Obama administration wants to increase taxes on Americans earning more than $200,000 by almost $970 billion over the next decade and take in an additional $400 billion from businesses even as it retooled a proposed crackdown on international tax-avoidance techniques. President Barack Obama’s $3.8 trillion...
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