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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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2 weeks ago
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World markets steady after UAE central bank pledge - Yahoo! NewsWorld stock markets steadied Monday, particularly in Asia, as concerns about a possible default in Dubai were soothed by a pledge from the United Arab Emirates' central bank that it will stand behind local and foreign banks. Last week's announcement from Dubai World, a government investment ...
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4 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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4 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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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 ...
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5 weeks ago
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The demise of the dollar - The IndependentIn the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified ...
Giorgio Bertini
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2 months ago
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The G20 Summit in Pittsburgh: Should You Care? - The Baseline ScenarioOn Thursday evening and all day Friday, heads of government from countries belonging to the G20 will meet in Pittsburgh. On paper, this looks important – 90 percent of world economic output and 67 percent of world population will be at the table: the G7 (US, Canada, Japan, UK, Germany, France, ...
Giorgio Bertini
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3 months ago
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Switzerland, France ink tax deal - Yahoo! NewsSwitzerland said Thursday it signed a double taxation deal with France that would allow for data exchange aimed at clamping down on tax cheats. The agreement "contains a provision on the exchange of information in accordance with the OECD standard," said the Swiss finance ministry in a ...
JDP
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4 months ago
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Obama to reappoint Fed Chairman Bernanke: reports - MarketWatchmarket pulse Aug 24, 2009, 9:29 p.m. EST Obama to reappoint Fed Chairman Bernanke: reports By Michael Kitchen LOS ANGELES (MarketWatch) -- President Barack Obama plans to announce the reappointment of Federal Reserve Chairman Ben Bernanke on Tuesday, reports said late Monday. The ...
lynn-ecg
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4 months ago
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America is for now still blowing bubblesAlthough many market and economic observers quarrel over whether the Obama administration’s involvement in the private sector upholds the American principals of contract law, private investment and capitalism, this discussion misses the most important point for investors. The question is not ...
Giorgio Bertini
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5 months ago