In U.S., many states are planning to exploit their multibillion-dollar budget surpluses to cut business taxes to promote investors and be more competitive in the global economy. Few states also plan to reduce their personal income taxes.
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Archive - January 2007
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The Chinese stock market is developing into a bubble and investors may land in trouble as they are behaving irrationally, said a top Chinese legislator. The Chinese authorities have recently expressed concerns over people's behavior in the stock...
Japan's factory output rose as overseas demand for automobiles and machinery increase. Industrial production mounted by 0.7 percent in December.
Country exports increased 9.8 percent in December from a year earlier. Domestic production of Toyota...
Europe's manufacturing growth is expected to slow in January and perhaps the economy too would decline further, a survey of economists analyze. The survey shows that economic growth in the 13 Euro nations is decelerating rapidly. German business...
India's Central Bank, Reserve Bank of India may raise its interest rate for the fourth time in a year as record economic growth stokes inflation.
Governor Y. V. Reddy expected to increase the reverse repurchase rate to a five-year high of 6.25...
The Federal Reserve is broadly believed to keep a short-term interest rate unchanged for the fifth successive time in its forthcoming meeting on January 31. However, experts and Wall Street keeping a close eye on the Federal Reserve's policy...
When Apple CEO Steve Jobs showcased the 'iPhone' on Tuesday, its shares hit all-time high the next day recording 4.2 percent up at $96.46, reported Reuters.
However, Apple shares started tumbling following the legal battle against Cisco over the name...
Asian stock markets went down sharply in the wake of subdued economic growth in the U.S. and the China's decision to control the surging stock market. Amidst growing speculations that Federal Reserve is unlikely to cut interest rate this time...
China's central bank has recently raised the reserve requirement ratio for banks to tighten the noose for inflation threat. This is the fourth time in six months central bank has raised the reserve requirement ratio to check the nation's money...
Oil prices shed nearly $3 a barrel Thursday to settle at their lowest level in nearly 19 months, after the government reported higher-than-expected inventories of gasoline, heating oil and diesel fuel amid warm winter weather.
Light, sweet crude...
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