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Optimism set to spoil rates partyHOMEOWNERS are facing an extra $83 a week in mortgage repayments if the Reserve Bank boosts its cash rate to a predicted 5.5 per cent by 2011.
The Australian Tuesday, September 08, 2009The IRS Audit Principle
Next to a really bad health diagnosis, the thing most people fear is an IRS audit. The idea of sitting face to face with an agent who is going through your records with a fine tooth comb is enough to make even the manliest man shiver. The key to defeating this fear is knowledge.
E-Zine Tuesday, September 08, 2009The Tax Lesson From Nortel's Bankruptcy Filing
Filing bankruptcy is obviously not something most people want to do. Given the current economic times, however, it goes without saying that many people simply do not have much of a choice. If you are considering it, learn a lesson from the tax implications of the recent Nortel bankruptcy filing.
E-Zine Tuesday, September 08, 2009Kuwait's Zain dips on profit booking
The Kuwait bourse (KSE) was unaffected by the bullish mood at other GCC exchanges and closed 0.32% lower at 7,795.4 points. Shares of Kuwait's Telecom giant Zain lost 5.5% (closing at KD1.380) as the firm more than doubled in value since the beginning of the year. according to Al Arabiya news network, an unnamed Asian investor aims to acquire a 46% stake in Zain. Last week its shareholders paved the way to ease restrictions on foreign ownership. Banks bucked the downtrend, with Al-Ahli Bank of Kuwait posting the largest gain among the financials, ending 5.15% higher at KD0.510. The bank obtained an approval from the Central Bank of Kuwait (CBK) to increase its capital by 25% on August 10. [AMEInfo.com]
AME Tuesday, September 08, 2009Nasdaq Dubai: Gold ends mixed
At the Nasdaq Dubai, shares of Australian gold producer Citigold plummeted 11.72%, closing at $0.128, despite gold prices rallying above $1,000 per ounce today. On the contrary, Sharia-compliant Dubai Gold Securities (DGS) advanced 1.46%, breaking through $100 for the first time since its launch on March 2 this year. [AMEInfo.com]
AME Tuesday, September 08, 2009Sabic shares surge 3.50%
The Riyadh-based Tasi gauge closed 1.11% higher at 5,754.86 points. Shares of market bellwether Sabic gained 3.50% (closing at SR74.00) as oil prices did (trading at 70.40 at the close of the Tasi). National Petrochemical Co. joined the bullish bandwagon, adding 1.05% (ending at SR14.05). While 99 shares gained, 18, mostly insurance operators, declined. [AMEInfo.com]
AME Tuesday, September 08, 2009Bearish Eyes On Shanghai
The most volatile stocks in China have been showing signs of forming a top and that has historically been bad for U.S. stocks.
Forbes Tuesday, September 08, 2009Shiny Metal Spurs Bullish Miner Trade
Gold's ascent helps push Eldorado to new 52-week high.
Forbes Tuesday, September 08, 2009Cuomo considering charges against B. of A. execs
New York's Andrew Cuomo says the company's invocation of attorney-client privileges is impeding his office's investigation.
Market Watch Tuesday, September 08, 2009MarketWatch First Take: Debt falls at fastest pace since D-Day
Americans, busy paying off bills and saving money, now hold only about 450 times more debt than they did when the GIs stormed the beaches at Normandy.
Market Watch Tuesday, September 08, 20091 2
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