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| | | ... Ordinaries index fell 28.2 points, or 0.62 per cent, to 4,511.8. NEW YORK - Wall Street stocks closed marginally lower as budget talks continued in Washington. The Dow Jones industrial average dropped 13.82 points, or 0.11 per cent, to 12,951.78 after ... |
| | | | ... series of government spending cuts and tax increases scheduled to start in 2013 unless an agreement is reached to cut the budget deficit. The Dow Jones industrial average dropped 59.98 points, or 0.46 per cent, to 12,965.60. The Standard and Poor's 500 ... |
| | | | ... down from 71.4% in 2004 to 40.5% last year. A lower interest rate burden would go a long way into containing the country's budget deficit - down from 3.7% of GDP in 2010 to 2.0% last year - which would come under upward pressure as Aquino implements ... |
| | | | ... of salvation. Greece must implement tough austerity measures - cutting public spending and raising taxes - to reduce its budget deficit; it must sell-off (privatise) assets to reduce debts; it must pursue structural reforms for its own economic good. ... |
| | | | ... have opened firmer in quiet trading conditions as market players wait for the latest developments over Greece and the US budget. At 1031 AEDT, the benchmark S&P/ASX200 index was up 11.4 points, or 0.26 per cent, at 4,435.6 points, while the broader All ... |
| | | | The Australian market looks set to open flat following a mixed performance on Wall Street and as markets await the outcome of a eurozone ministers meeting on a Greek bailout package. At 0644 AEDT on Tuesday, the December share price index futures contract ... |
| | | | ... technologies in Australia. It will make its own investment decisions and operate with little assistance from the Federal Budget, the CFEC said. The management team led by Yates will be in charge of acting on the board's investment decisions. He has 20 ... |
| | | | Aging demographics and an ongoing process of debt deleveraging pose the biggest challenges to investors over the coming years, according to a report by UBS. While cyclical factors tend to dominate day-to-day market movements, according to the asset ... |
| | | | ... promote domestic demand but ultimately GDP will grow a disappointing 1.75% in 2013. Moretti predicts that, "The overall [budget] adjustment amounts to almost half of the fiscal cliff, mainly from spending cuts as opposed to tax increases. Europe continues ... |
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