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Obama's deficit plan to include $1.5tn in tax increase
In a hope to cut U.S. fiscal deficit by more than $3 trillion over the next decade, President Barack Obama on Monday will propose increase in taxes, mostly targeting the millionaire taxpayers.The $1.5...
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Euro zone divided over increasing size of bailout package
The leaders from the European countries are discussing the option to increase the size of the bailout package after the leaders from United States and several other countries urged them increase it....
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Asian stocks surge on consensus to end Europe debt crisis
Buoyed by positive Wall Street cues and pledge by European leaders to end the debt crisis, Asian stocks climbed Tuesday.Snapping three days of losses, MSCI Asia Pacific Index jumped 3 percent as of...
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US auto sales rise in November
Despite, a sluggish economy and a weak employment sector, car sales in United States surged in November, their fastest pace in two years, reflecting a lot of pent-up demand.According to a report...
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Macy’s Inc. enters in Chinese E market
Macy’s Inc. is entering Chinese E commerce market. Domestic market will be now facing the challenges.The Wall Street Journal reports shows, Macy’s Inc.read more
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Prepare for contingency if Greece decides to quit currency
Are the contingency plans prepared, if Greece quits single currency?The leaders of European Union are being advised by senior officials to prepare contingency plans in read more
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US companies brace for imminent Grexit
Efforts by Greece to avoid defaults on its payments notwithstanding, US companies have already started preparing contingency plans to brace for imminent Grexit, the likely scenario of Greece exiting...
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HSBC cuts India GDP forecast on lack of reforms
Global banking behemoth HSBC cut India Gross Domestic Product (GDP) forecast owing to a couple of factors, primarily being the lack of reforms and a challenging global economic backdrop. HSBC expects...
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Indian government reins fiscal deficit, diesel up Rs 5 per litre
The Government has discovered a new way to rein the fiscal deficit- it has raised the price of diesel by Rs five.Diesel has always been offered at subsidized rates in the country. A cabinet committee...
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Subsidy bill to hit 2.4 percent of GDP this year - Chidambaram
Major subsidies are going to gobble up as much as 2.4 percent of Gross Domestic Product (GDP) of the country, says the Finance Minister, P Chidambaram.Chidambaram's statementsThe central government is...
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Russian Prime Minister invites Facebook CEO
Facebook CEO will meet Russina Prime Minister to discuus new ventures.In an eminent approach to boost the contry's economy, Russian Prime Minister Dmitry Medvedev has invited Mark Zuckerberg for...
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Piracy is a crime and it is here to stay!
Over the years, the illegal download and sharing of content on peer to peer networks has gained tremendous popularity, which directly harms the content owners who are left deprived of the millions of...
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Russia Looks East as Relations with Europe Deteriorate
The standoff between the U.S. and the EU on one hand, and Russia on the other, intensified pretty quickly late last week. The U.S. quickly slapped heavier sanctions on Russia after its annexation of...
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Flailing rupee, rickety markets, leave engineers unwaged in Andhra Pradesh
Go ahead study hard, can be heard from the mouths of many elderly and wise people, but is this right? We are sure the thousands of engineers who have slogged nights to get their degrees are some “not...
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China's Back: China's Economy Blossoms after Great US Demand
It seems that the China's economy is all set to follow the ride where fresh dew drops of resilience for the country is being witnessed by the analysts. The same was visible in the data released by the...
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