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16 Dec 2010: Obama's deal moves to the House of the Representatives
Obama's deal moves to the House of the Representatives
A deal that President Barack Obama struck with Republicans to extend tax cuts for nearly every working American and spur job growth moves to the House of Representatives for passage. The measure would also prevent a spike in taxes on capital gains and dividends, renew long-term unemployment insurance and provide new tax relief for students, working families and businesses. ...
13 Dec 2010: President Obama accepts new tax rates cuts
EUR/USD: Dollar expected to continue climbing
U.S. retail sales increased 0.6 percent in November after advancing 1.2 percent in October, according to the median estimate of economists in a Bloomberg News survey before the Commerce Department's figures tomorrow. ...
09 Dec 2010: The Bank of England tops the agenda today.
Bank of England: no change expected
The Bank of England's Monetary Policy Committee (MPC) get together for the last meeting of 2010 and we expect the end-result to be that monetary policy stays unchanged throughout 2010. The last time the MPC increased the total asset purchase target was in November of 2009 when it was increased by GBP 25 billion to a total of 200 billion while the Official Bank Rate has been stable at 50bp since Q1 of 2009. ...
06 Dec 2010: EU leaders gather in Brussels today.
EU leaders gather in Brussels today
European officials voiced divisions over the steps needed to stop the sovereign debt crisis as Germany opposes increasing the 750 billion-euro ($1 trillion) bailout fund and the introduction of joint European bonds. European policy makers head to Brussels today for a regular meeting on concern their rescue fund may not be large enough to stop contagion spreading from Greece and Ireland to Spain. ...
02 Dec 2010: 1.30 today: Euro expected to strengthen on news
Hopes that the ECB will rush through new anti-crisis measures, such as expanding its government bond buying, helped the euro stabilize and lifted stock markets. But the central bank risks disappointing markets if, as several analysts predict, it will only decide at its monthly meeting that its liquidity taps for euro zone banks will stay wide open and merely hint at more government bond purchases. ...