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IB: FXcast Central Support
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News from Mauritius
Rs1 TRILLION - THAT S THE BILL FOR COUNTRY IN NEXT 10 YEARS. Minister of Finance Pravind Jugnauth revealed yesterday that the country will need to mobilise Rs1 trillion over the next 10 years.
The need for financing is expected to grow at a fast pace, depending on the impact of the Eurozone crisis “ and other such global events”. He made ... |
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2010-09-03 08:14:50 | comments (0) | Show full text |
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IB: FXcast Central Support
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Obama May Seek Permanent Research Credit in Economic Proposals
President Barack Obama may include a permanent extension of the research and development tax credit among the tax breaks for businesses he is contemplating to spur job growth, two congressional aides said.
The White House also has been considering payroll tax relief to encourage new hiring, more tax breaks for small businesses and new ... |
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2010-09-03 08:07:44 | comments (0) | Show full text |
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IB: FXcast Central Support
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Japan Said to View U.S. Opposition as Yen Intervention Obstacle
Japan views probable U.S. opposition to intervention in the foreign-exchange market to address the appreciating yen as an obstacle to taking unilateral action, according to three Japanese government officials.
Yen sales without U.S. backing would be a challenge, the officials said on condition of anonymity because the government discussions are ... |
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2010-09-03 08:06:21 | comments (0) | Show full text |
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IB: FXcast Central Support
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News from Mauritius
Meeting with Sarkozy - Prime Minister Navin Ramgoolam had an hour- long meeting with French President Nicolas Sarkozy at the Elysée Palace in Paris on Tuesday afternoon.
The meeting was initially scheduled to last for only 30 minutes, but was extended due to the numerous issues which were raised.
President Sarkozy expressed his satisfaction ... |
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2010-09-02 09:22:32 | comments (0) | Show full text |
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IB: FXcast Central Support
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Economy Avoids Recession Relapse as Data Can’t Get Much Worse
The U.S. economy is so bad that the chance of avoiding a double dip back into recession may actually be pretty good.
The sectors of the economy that traditionally drive it into recession are already so depressed it’s difficult to see them getting a lot worse, said Ethan Harris, head of developed markets economics research at BofA Merrill ... |
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2010-09-02 09:15:51 | comments (0) | Show full text |
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IB: FXcast Central Support
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Australia Growth Quickens to Fastest Pace in Three Years
Signs Australia’s economic expansion is spreading from the mining industry to households boosted the case for the nation’s central bank to resume the Group of 20’s most aggressive round of interest-rate increases.
The biggest quarterly surge in consumer spending in three years fueled a 1.2 percent gain in gross domestic product last ... |
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2010-09-02 09:13:26 | comments (0) | Show full text |
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IB: FXcast Central Support
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News from Mauritius
Bank may introduce forex futures - The Bank of Mauritius is considering the introduction of foreign exchange futures to combat anti- competitive behaviour in the money and foreign exchange markets.
The bank had previously introduced shortterm foreign currency swaps because exporters were holding back on their export proceeds. This was ... |
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2010-09-01 08:44:37 | comments (0) | Show full text |
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IB: FXcast Central Support
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China Manufacturing Quickens From Weakest Since 2009
Manufacturing in China grew at a faster pace in August after the weakest performance since early 2009, signaling that the economy’s slowdown will be limited.
The purchasing managers’ index rose to 51.7 from 51.2, exceeding forecasts, a government-backed report showed. Seasonal factors might have had an effect because the index typically ... |
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2010-09-01 08:37:38 | comments (0) | Show full text |
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IB: FXcast Central Support
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Germany’s Retail Sales Unexpectedly Declined Second Straight Month in July
Retail sales in Germany, Europe’s largest economy, unexpectedly fell for a second month in July, suggesting faster hiring is slow to feed into consumer demand.
Sales, adjusted for inflation and seasonal swings, fell 0.3 percent from June, when they also dropped 0.3 percent, the Federal Statistics Office in Wiesbaden said in an e-mailed ... |
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2010-09-01 08:36:52 | comments (0) | Show full text |
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IB: FXcast Central Support
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News from Mauritius
Book fair a success - The International Book Fair ( IBF) organised by the National Library from August 25 to 29 at the Ebene Cyber Tower1 received 250 people an hour during its five days.
According to Mr Yves Chan Kam Lon, director of the National Library, about 10,000 people are believed to have visited the fair.
Some 20 publishing ... |
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2010-08-31 07:50:48 | comments (0) | Show full text |
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