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Exclusive: IRS hires hundreds for new wealth unit | ReutersA new Internal Revenue Service unit set up to catch rich tax cheats hiding their wealth in complex business entities is rapidly taking shape with the hiring of hundreds of employees. The IRS high wealth unit, part of a broader effort to combat international tax evasion, is focusing on "the ...
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12 days ago
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Chavez: Government Might Nationalize BanksPrivate banks Must Help Country's Progress Nov. 30. (Hamsayeh.Net) - Venezuelan President said he would nationalize all the private banks since they refuse to lend money to the poor causing a slowdown in economic development of the country. Reuters reported. Hugo Chavez speaking on a weekly ...
Murray Peat
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3 weeks ago
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European shares extend losses; banks, oils weigh | Markets | Markets News | ReutersEuropean shares extend losses; banks, oils weigh LONDON, Nov 30 (Reuters) - European shares extended losses in early trading on Monday on persistent concerns about the impact of a debt default in Dubai, with banking and oil equities featuring among the major ...
Murray Peat
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3 weeks ago
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FOREX-Dollar falls as UAE c.bank moves steady nerves | Currencies | ReutersFOREX-Dollar falls as UAE c.bank moves steady nerves * UAE c.bank action seen providing stability * Dollar down as equities rebound, "risk" put back on * Yen has life of its own as mkt weighs up intervention risk (Recasts, updates prices, adds comment and quote, changes byline and ...
Murray Peat
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3 weeks ago
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China banks' rush for billions could trip markets | U.S. | ReutersChina banks' rush for billions could trip markets By Samuel Shen and Doug Young - Analysis SHANGHAI/HONG KONG (Reuters) - Chinese banks, under government pressure to shore up their finances, are set to unleash a wave of billions of dollars in capital raising that could strain equity ...
Murray Peat
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4 weeks ago
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Kiva vs. MicroPlace - What's the Difference? | Blog | NextBillion.net | Development through EnterpriseMicroPlace, a wholly-owned subsidiary of EBay, launched its new web site today with a flurry of press releases and coverage in both Reuters and BusinessWeek. From the press release: Through MicroPlace’s secure platform, everyday people can purchase investments – for as little as $100 – from ...
Geoffrey Ames
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6 weeks ago
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Flu shots for Wall Street stirs ire in New York | U.S. | ReutersNew York City health officials scrambled to explain themselves on Thursday in the wake of media reports about bankers who got scarce H1N1 flu vaccines through their employers. Members of Congress fired off letters demanding immediate explanations and the U.S. Centers for Disease Control and ...
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7 weeks ago
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Fannie Mae posts $18.9 billion Q3 loss, taps Treasury | ReutersFannie Mae, the largest provider of funding for U.S. home loans, said on Thursday bad mortgages and a federal foreclosure prevention program left it with a $18.9 billion loss, forcing it to tap the Treasury again to plug a hole in its net worth. Fannie Mae (FNM.P) (FNM.N) , seized by the ...
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7 weeks ago
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IMF warns on rising bank losses | ReutersThe International Monetary Fund on Wednesday lowered its estimate for global write-downs for banks and other financial institutions to roughly $3.4 trillion but warned that loan losses could rise in the face of stubbornly high unemployment and associated delinquencies.
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2 months ago
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Can the G-20 Prevent the Next Crisis?The World from Berlin Can the G-20 Prevent the Next Crisis? All eyes are on the G-20 meeting in Pittsburgh where leaders aim to reshape the global financial system, shifting more power to emerging countries. German newspapers on Friday discuss the gargantuan task facing the group -- and ...
Giorgio Bertini
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3 months ago
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