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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 ...
JDP
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37 hours ago
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Chinese energy producers soar after record snows, Asian banks dip -- DailyFinanceIn China, shares in energy producers surged as the country plowed itself out from under heavy snow and the national Heating Office was forced to turn household heating on a full two weeks before the normally scheduled date due to extremely low temperatures. The added demand for fuel and ...
JDP
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3 weeks ago
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The end of the dollar spells the rise of a new order - The IndependentLeading article: The end of the dollar spells the rise of a new order Last autumn's global financial crisis set off an economic earthquake. And we are still feeling the tremors. The latest sign of the ground shifting beneath our feet is our report today of plans by Gulf states, China, Russia, ...
Giorgio Bertini
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2 months ago
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Shanghai swoons more than 4%, Tokyo off 0.8% - MarketWatchShanghai stocks dropped 4.3% Wednesday, leading a broad Asian selloff for the second time this week, amid concerns over further tightening in credit conditions and a lack of market-supportive measures from Beijing. Chinese resource companies posted some of the biggest losses, particularly ...
JDP
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3 months ago
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China's central bank reassures on monetary policyChina's central bank pledged to maintain loose monetary policy to support the economy and said it would ensure sustainable credit growth without resorting to heavy-handed quotas to rein in a lending spree. In a statement that analysts said was intended to calm skittish markets, the People's ...
Giorgio Bertini
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4 months ago
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'America Is Rarely This Softspoken'High-level negotiations in Washington between the US and China reflect a growing sense that the two powers are on top of the world. But for the first time in decades, the US is taking a remarkably conciliatory tone with its Asian rival. US President Barack Obama was remarkably conciliatory ...
Giorgio Bertini
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4 months ago
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The Rise of the RestIt's true China is booming, Russia is growing more assertive, terrorism is a threat. But if America is losing the ability to dictate to this new world, it has not lost the ability to lead. NOTE: even if a May 2008 article, still worth reading.
Giorgio Bertini
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4 months ago
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China and the dollar: Yuan small step | The EconomistHE Chinese used to call dollars mei jin, which means “American gold”. Buying black-market dollars was considered the safest way to protect one’s savings. Yet in June when Tim Geithner, America’s treasury secretary, told students at Peking University that China’s official holdings of Treasury ...
casudi
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5 months ago
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Smart Money In China Knows Limits Of Yuan - China Journal - WSJIt seems whenever world leaders convene these days to discuss post-crisis roadmaps, doubt is cast over the wisdom of the U.S. dollar as an international reserve currency even though every policy wonk knows it will be some time yet before the greenback loses its dominance in greasing world ...
casudi
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5 months ago
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China won't press for new global currency at G8 - Yahoo! FinanceBEIJING (AP) -- China will likely push for a bigger voice for developing countries in international monetary policy at the G8 meeting this week, but a top Chinese diplomat said it won't raise its proposal for a new global currency to replace the dollar.
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