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Obama to raise taxes on US millionaires

Sunday,18 September , 2011 -13:14 53

WASHINGTON - President Barack Obama on Monday will call for a higher minimum tax rate on millionaires to ensure they pay the same rate on their earnings as middle-income taxpayers, a White House official said. Full Story

Germany's Siemens renounces nuclear activity

Sunday,18 September , 2011 -12:16 19

German industrial giant Siemens is turning the page on nuclear energy, the group's CEO Peter Loescher told the Der Spiegel weekly in an interview published on Sunday Full Story

Europe digs ever deeper debt hole

Sunday,18 September , 2011 -11:31 52

WROCLAW, Poland - Europe is digging an ever-deeper hole as it vows to resolve the eurozone crisis, experts said Sunday as Greece prepares for a pivotal week of international debt diplomacy. Plagued by 'parochialism, Full Story

7 S.Korea savings banks told to suspend operations

Sunday,18 September , 2011 -09:14 12

South Korea's government Sunday ordered seven savings banks to suspend operations because of their poor financial condition due to heavy investment in risky property projects at home and abroad Full Story

Long arm of US law battles corruption overseas

Sunday,18 September , 2011 -05:24 56

Envelopes stuffed with cash and lavish gifts for foreign officials were once standard practice for companies chasing profits in the red-hot markets of Asia, Africa and Latin America, but now US authorities have cracked down stepping up enforcement of the Foreign Corrupt Practices Act (FCPA), a 1977 law rarely enforced until recently Full Story

Europe digs ever deeper debt hole

Sunday,18 September , 2011 -05:24 52

Europe is digging an ever-deeper hole as it vows to resolve the eurozone crisis, experts said Sunday as Greece prepares for a pivotal week of international debt diplomacy Full Story

Obama to raise taxes on US millionaires

Sunday,18 September , 2011 -02:31 52

President Barack Obama on Monday will call for a higher minimum tax rate on millionaires to ensure they pay the same rate on their earnings as middle-income taxpayers, according to a White House official Full Story

Suez Canal 8-mo earnings up by 11.7% to $3.46 bn

Sunday,18 September , 2011 -00:29 11

CAIRO - Egypt's Suez Canal earned $3.458 billion in the first eight months of 2011, an 11.7 percent increase from $3.095 billion a year earlier, the head of the Suez Canal Authority said on Saturday. Full Story

Suez Canal 8-mo earnings up by 11.7% to $3.46 bn

Saturday,17 September , 2011 -23:12 52

Egypt's Suez Canal earned $3 Full Story

Eurozone-only transaction tax possible: Germany

Saturday,17 September , 2011 -20:12 52

A proposed tax on financial transactions could be introduced in the eurozone alone, German Finance Minister Wolfgang Schaeuble said in an interview to be published Sunday Full Story